The first sign not to trust this firm is its low legal transparency. They don’t reveal any founders or contact options. But at least they mention somewhere that the company might be based in Australia. This is most likely a fake detail but never mind.
Luckily, some details can always expose swindlers. If you read carefully, you will find all you need to know in this unbiased Profit Rex review.
| Regulated by: | No regulations |
| Is This Company Safe? | No |
| Known Websites: | profitrex.io |
| Have Warnings from: | N/A |
| Registered in: | Australia (allegedly) |
| Operating since: | 2023 |
| Trading Platforms: | Web-based |
| Maximum Leverage: | N/A |
| Minimum Deposit: | $250 |
| Deposit Bonus: | N/A |
| Trading Assets: | Cryptocurrencies |
| Free Demo Account: | No |
| How to Withdraw from This Company? | Withdrawing funds solely depends on the brokerages this company works with and in most cases it’s not possible. In case you have funds stuck after registering through this platform, contact us immediately for refund advice. |
Legal info: Is Profit Rex Legit or a Scam?
Usually, when tech companies develop some advanced tools they proudly present who created them. However, with Profit Rex, that’s not the case. Another problem is that the company doesn’t charge anything for the software. Fairly, if the tool is so advanced, it would cost a fortune. All this combined gives you a bigger picture.
But the last warning sign should be when you register. You will get automatically redirected to the so-called best broker in your area. If it’s an unregulated one, make sure to stay away from them.
Who are Profit Rex’s Victims?
Even though this company was registered in 2023, there are no publicly available Profit Rex reviews. At least not apart from the fake ones they present on their landing page.
Luckily, the website analytics show us where these services are advertised the most. The countries at risk are:
- Italy
- Poland
- France
- Sweden
- Spain
Services that traders can expect after signing up can be seen in our Erzinex scam broker review. Therefore, if you have experience with this affiliate campaign, share it with us in the comments below. Ultimately, our refund team can advise you if you experience trouble withdrawing your funds.
Leverage, Commissions, Spreads, Fees and Taxes
Generally speaking, all trading conditions depend on the broker you work with. But if the company is not licensed properly, it truly doesn’t matter what they offer. The only thing you should watch for is the leverage. If you get anything above 1:50, you should get worried.
Bonuses
If you decide to sign up for the Profit Rex bot, you will need to make the initial deposit.
However, if you potentially continue thinking about it, you might get bonus offers from brokers. That’s purely to put pressure on clients to deposit earlier. But with scam brokers, it’s also a tactic to prevent traders from withdrawing money.
Profit Rex Trading Features
Profit Rex crypto trading bot offers automation features and real-time trading signals. It’s a solution available for web-based, proprietary platforms and mobile apps. Sadly, it’s not compatible with top-rated software options like cTrader or Meta Trader.
Trading Platforms Available
Whatever trading software the broker uses they will tell you the Profit Rex platform is integrated there. In most cases, such software doesn’t even exist.
Simply, the company’s agents will modify what you see on their web-based platform and it will look automated. In reality, it’s all fake. That’s why it’s important to use trusted apps and for advice about the right ones, check in our TruthGPT review.
Available Trading Assets
Another disadvantage of this software is that it’s only available for crypto trading. Thus, after completing the Profit Rex login process, you will most likely have access to more tradeable assets, such as:
Thus, this software, if it exists, is not compatible with those. So, be careful what brokers tell you.
Account Types
In general, to get started you just have to deposit the initial $250. That’s the promoted optimum for the software to work properly. But for other account type options, you’ll have to register and find out yourself. Yet, we wouldn’t recommend it.
Mobile Trading App
Apparently, this software is accessible on iOS and Android devices. However, if it were truly available for those devices, it would be available in the PlayStore and AppStore. But it’s not.
Demo Account
Demo account options are usually a part of the deal with trusted brokers. Swindlers often don’t offer it because it would expose all their trading costs and fake features.
In any case, if the company is not licensed, a demo account is practically meaningless.
Education
When it comes to trading education, it’s always better to learn with top-tier licensed firms. However, if you register with Protif Rex, you might get misleading educational programs. So, you better stay away from it.
Profit Rex Withdrawal
According to the company, the Profit Rex withdrawal doesn’t include any fees. However, these details don’t depend on them since they don’t collect the money.
Instead, you have to watch out for the policy of the broker you work with. If they are hiding processing time, methods, and fees, you better close your account as fast as possible.
Customer Support
The only way to reach out to Profit Rex scam company is the e-mail. But in most cases, traders forget who they signed up with and they blame brokers. In any case, if you choose brokers with top-tier licenses you can forget about these irregularities.
Key Information To Consider About Profit Rex
Everything about this company is absolutely suspicious. Starting with addresses, contact options, pricing, and reviews. If you sign up with them and get scammed, don’t worry. You are not alone. Numerous traders fall for these traps.
On the positive side, our refund experts are there to advise you about the recovery process. Regardless of the payment methods used. If you have a negative experience after signing up with this company, get in touch for a free first consultation.
FAQ Section
What is Profit Rex?
Profit Rex is a company allegedly based in Australia that has been offering automated software solutions and trading signals for crypto investors.
Is Profit Rex Legit?
If Profit Rex was legitimate they would offer far more transparent services. If you get scammed by this company, reach our refund experts for refund assistance.
How to Avoid Being Scammed Online?
If you somehow sign up through these affiliate campaigns, just keep in mind you should only trade with brokers that have top-tier licenses like FCA, ASIC, or similar.
Source:
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