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Levelprofit

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Operating status: SCAM

Website: https://levelprofit.com

Broker violations and abnormal records
  • May 22, 2022 The Cyprus CySEC Added Levelprofit into Its Warnings

    On 23 May 2022, Cyprus Securities and Exchange Commission (CySEC) issued a warning that Levelprofit does not belong to an entity that has been granted authorization for the provision of investment services. You may visit: https://www.cysec.gov.cy/CMSPages/GetFile.aspx?guid=a039de2a-6fd6-4654-a7e6-e01961662d66

    On 23 May 2022, Cyprus Securities and Exchange Commission (CySEC) issued a warning that Levelprofit does not belong to an entity that has been granted authorization for the provision of investment services. You may visit: https://www.cysec.gov.cy/CMSPages/GetFile.aspx?guid=a039de2a-6fd6-4654-a7e6-e01961662d66
  • Jul 03, 2022 The Italy CONSOB Added Levelprofit into Its Warnings

    On 4 July 2022, Italy Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning that Levelprofit is offering financial services without the proper authorization. You may visit: https://www.consob.it/web/consob-and-its-activities/warnings?viewId=ultime_com_tutela

    On 4 July 2022, Italy Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning that Levelprofit is offering financial services without the proper authorization. You may visit: https://www.consob.it/web/consob-and-its-activities/warnings?viewId=ultime_com_tutela
  • Jul 04, 2022 Brokersview has Reviewed that Levelprofit is an Unregulated Forex Broker

    Levelprofit claims to be operated by BCM Begin Capital Markets, a regulated company under regulation of Cyprus Securities and Exchange Commission (CySEC) with regulatory number 274/15. We searched CySEC and found the company information does not match. 

    The company that really owns regulatory number 274/15 named "BCM Begin Capital Markets CY Ltd" instead of "BCM Begin Capital Markets". Moreover, the approved domain is "profitlevel.com" instead of "levelprofit.com". That means Levelprofit is a clone firm that falsely uses  regulatory information of an authorized broker.

    What's more, CySEC issued a warning that Levelprofit  does not belong to an entity that has been granted authorization for the provision of investment services.

    The truth is that Levelprofit is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.

    Levelprofit claims to be operated by BCM Begin Capital Markets, a regulated company under regulation of Cyprus Securities and Exchange Commission (CySEC) with regulatory number 274/15. We searched CySEC and found the company information does not match. The company that really owns regulatory number 274/15 named "BCM Begin Capital Markets CY Ltd" instead of "BCM Begin Capital Markets". Moreover, the approved domain is "profitlevel.com" instead of "levelprofit.com". That means Levelprofit is a clone firm that falsely uses regulatory information of an authorized broker.What's more, CySEC issued a warning that Levelprofit does not belong to an entity that has been granted authorization for the provision of investment services.The truth is that Levelprofit is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.
  • Nov 20, 2022 BrokersView has found that Levelprofit is not working

    BrokersView found the domain "https://levelprofit.com" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

    BrokersView found the domain "https://levelprofit.com" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

Related Complaints

Q&A

They offer pretty good conditions to trade. But too good to believe. It is a scammer?

Esoimeme S Ford
Hungary
Jul 14, 2022
ANSWER Levelprofit is not a regulated or licensed broker for traders even though it states offers that look good to be true.Levelprofit claims to be operated by BCM Begin Capital Markets, a company under the regulation of the Cyprus Securities and Exchange Commission (CySEC) with regulatory number 274/15. We searched CySEC and found the company information does not match. The company that really owns regulatory number 274/15 is named "BCM Begin Capital Markets CY Ltd" instead of "BCM Begin Capital Markets". Moreover, the approved domain of the licensed company is "profitlevel.com" instead of "levelprofit.com" That means Levelprofit is a clone firm that falsely uses regulatory information of a regulated firm. More importantly, Italy Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning that Levelprofit is offering financial services without the proper authorization. You can check the full warning from here.These proofs make it clear: Levelprofit is not regulated by any regulators to provide forex services. Investors' funds in the broker are unsafe and cannot be protected by any laws. We would recommend traders stay away from unregulated brokers like Levelprofit and trade with licensed brokers.
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