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Is profited crypto regulated?
Puck van Leeuwen
Croatia
Aug 25, 2022
ANSWER Profited Crypto is not a licensed or regulated broker even though it states offers that look good to be true. Profited Crypto claims it is the tradename of TopFX Ltd, a company licensed by the Cyprus Securities and Exchange Commission (CySEC) under license number 138/11. We indeed found a match result to Topfx Ltd in CySEC. But as per the regulatory details shown on CySEC, the only approved domain of Topfx Ltd is "www.topfx.com" instead of "https://www.profitedcrypto.online/." That means Profited Crypto may be a clone firm that falsely uses regulatory info of a regulated firm.Besides, Profited Crypto claims to be owned and operated by Profited Crypto Limited, a company licensed by the Financial Services Authority (Seychelles FSA) with the license: SD037. When we searched the Seychelles FSA, we only found a warning that Profited Crypto is not related to any entity licensed or regulated by the FSA in any capacity. You can check the full warning from here.The truth is, Profited Crypto is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like Profited Crypto and trade with licensed brokers.
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FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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