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Is ProfitWave a scam?
Ashiq Wong
Dominica
Dec 16, 2024
ANSWER Dear Investor, Thank you for your message. Our investigation suggests that ProfitWave is a scam. In contradictory to its attempts to establish a reliable image, the company behind ProfitWave is even anonymous. This anonymity is a major red flag, indicating the lack of transparency and making it hard to hold them accountable in the event of issues. We haven't found any valid records to suggest that ProfitWave is properly registered or licensed. In addition, the Cyprus Securities and Exchange Commission (CySEC) has included ProfitWave to its warning list to advise investors to stay clear. Therefore, we strongly suggest you avoid using ProfitWave. For a safer trading environment and peace of mind, it is recommended to do due diligence and opt for fully regulated brokers.
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I think I was scammed by ProfitWave :(
Omolola Shafiqah
Greece
Nov 21, 2024
ANSWER Dear Investor,We understand the distress and frustration this issue has caused you. Unfortunately, ProfitWave is a scam that has been blacklisted by the Cyprus Securities and Exchange Commission (CySEC), the financial regulator in the country where the broker claims to be domiciled.We strongly suggest you immediately discontinue any engagement with ProfitWave to prevent further potential losses. Gather all the evidence you have and report it to your local authorities.We also encourage you to file a complaint on our platform at https://www.brokersview.com/complaint. Our dedicated team will meticulously handle your case and work diligently to find a possible solution.Finally, we'd like to alert you to recovery room scams, where unsolicited messages claim to help you with refunds for a fee. Their sole intention is to defraud you by capitalizing on your wish to recover your money.
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Risk Warning

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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