Profit Motion Club: customer reviews on the company’s performance in 2023
Many traders express dissatisfaction with their cooperation with Profit Motion Club, claiming that this broker does not provide real earning opportunities. Some users complain about the discrepancies in the promises made on the company’s website. Deciding to conduct our own investigation, we plan to determine the validity of the accusations against this firm.
Brief organization overview
Profit Motion Club presents itself as a Swiss broker operating since 1998 and providing services in over 100 countries. According to the company’s claims, it was founded by experienced financial experts, investors, and IT specialists. There is no information on the top managers responsible for the company available on the website.
Upon closer examination of internal documents, it can be seen that Profit Motion Club does not take responsibility for financial consequences if the provision of services by the company is prohibited in the user’s country of residence.
Verification of legal data
The broker Profit Motion Club claims to hold an investment intermediary license, possess a MiFID II passport, and be regulated by the Bulgarian FSC authority. However, at the time of verification, the company was not found in the FSC registry.
Reviews about the operation of this brokerage firm, which actively operates in CIS countries, can already be found on the Internet. The Central Bank of the Russian Federation has warned about the risks and included Profit Motion Club in the blacklist, pointing out the company’s two domains – profitmc.org and profitmotion.org.
How clients are offered to earn?
Profit Motion Club promises access to over 1,000 financial instruments, including CFDs on Forex, stocks, indices, and precious metals. Despite the lack of tariff plan specifications, the following is known:
- Minimum deposit – starting from $100,
- Diversity of payment instruments (bank cards, e-payment systems, bank transfers),
- Negative balance protection,
- Tight spreads,
- Fast order execution,
- Trading education,
- Own trading platform Profit Motion Club Trading (desktop, web version, and mobile app), as well as MetaTrader 4,
- Many free resources for analysis (economic calendar, daily technical analysis, and others).
Reviews and testimonials
Despite its recent establishment, Profit Motion Club has managed to evoke a negative response from many customers. Reviews emphasize the company’s desire to maximize profits from clients’ funds. It is important to review the testimonials independently before deciding to cooperate.
If you have experience working with Profit Motion Club and are willing to share it with other traders, we invite you to leave your review under our expert overview.
Schemes of deception used by scammers
Profit Motion Club actively promotes its own platform to deceive its clients. Using manipulated data, the company seeks to attract traders and secure larger investments from them. According to clients, significant efforts and resources are required to seek help from specialists after encountering problems, and in most cases, even the initial deposit is not returned.
Independent review summary
Profit Motion Club conducts an aggressive advertising campaign on social media to attract new clients. User reviews point to the frequent use of fake accounts by the company to attract traders. It is important to remain vigilant and always carefully review the legal documentation and feedback to avoid falling into a financial scam.
I had an extremely unsatisfactory experience with Profit Motion Club in 2023. Their level of professionalism and support services were subpar at best. I constantly faced problems with the trading platform, which was riddled with technical flaws and unexpected shutdowns. Furthermore, communication was a nightmare, with sluggish responses and a complete lack of clarity when discussing my transactions. The broker seemed evidently uninvested in ensuring client benefit and their hidden charges portrayed a lack of transparency that left me unsettled. I’d strongly advise potential investors to be wary and think twice before registering with Profit Motion Club. Their unsatisfactory performance is far from what an ideal broker should offer.