It seems we’re dealing with yet another brokerage platform claiming to hold “leading positions” in the market. The company states that it offers the best conditions for trading Forex and cryptocurrencies, promising “tight spreads”. However, something is clearly off here. In this ProfitRaw review, we will break down what’s behind these shiny promises and why this broker might turn out to be yet another fake or even an outright scam.
Key Features
- Company Name: AI FINANCIAL LIMITED
- Website: https://profitraw.com/
- Available Contacts: [email protected]
- Foundation: 2024
- Services: CFD Trading
- License: No
- Initial Deposit: €5,000
From Sign-Up to Payout
The official website of ProfitRaw has several serious shortcomings that prevent us from considering it a legitimate brokerage organization aimed at long-term and fruitful cooperation with clients. The site looks outdated and cluttered. Bright buttons like “Sign Up” are overly emphasized, giving the impression that the main goal of the website is to attract new clients rather than provide information. The logo and visual elements are poorly designed, raising doubts about the company’s professionalism.
The content is dominated by vague phrases and marketing slogans. There is no specific information about licenses, regulators, or the firm’s legal details. Statements like “150+ awards” and “200,000+ accounts” seem exaggerated and are not backed by any facts. The lack of concrete details undermines the credibility of the information on the website.
Many pages load slowly, especially sections with charts and analytics. This points to poor platform optimization. The ProfitRaw website comes across as a poorly organized resource designed more for attracting clients than for providing quality services to traders. The shortcomings in design, content, and technical aspects raise serious questions about the company’s seriousness and professionalism.
The official website looks bad, so it’s interesting to see how the personal account looks. The next step will be to register an account. This process is standard and shouldn’t pose any difficulties for users.
After registration, the personal cabinet opens immediately. There was no need to confirm the email or phone number. Many features are locked because the system gives a notification: “In order to use this function, your account should be approved”.
The only things ProfitRaw allows users to do without verification are upload documents for verification and answer questions regarding employment, annual income, and other data.
It’s still a mystery to us why account activation must go through managers. Why can’t traders just register an account, try a demo account, and then activate a real account if they like the conditions?
You cannot view the methods of account funding. However, the official ProfitRaw website mentions credit/debit cards, bank transfers, and cryptocurrencies. There is no mention of any fees.
Our Trading Experience With ProfitRaw
To see what the platform looks like and what features it offers, you need to confirm the account creation through a manager. This requirement is unclear to us. It creates certain inconveniences for traders. You’ll have to rely on the terminal description on the official website.
The main platform format is WebTrader, but there are also links to download the terminal for Android and PC (Windows). Apparently, the company lacked the resources to create an app for iOS and Mac OS. The ProfitRaw platform supports the following functions and features:
- Chart analysis.
- Latest news headlines.
- Expert Advisors.
- Indicators.
We recommend not attempting to download these programs onto your devices. You risk infecting your smartphone or computer with a dangerous virus. It’s better to download and install software only from official sources, such as the Play Market for Android.
The Reality Check
Next in this ProfitRaw review, we move on to exposing the company. The first thing to do is to check the legal information provided on the broker’s website. The company shares very little about itself, which already gives the impression of a suspicious and dangerous firm.
The parent company of the platform is listed as AI FINANCIAL LIMITED, registered in the UK under the number 09540936. According to the Companies House registry, the firm was founded in 2015 and engages in financial management.
Alright, so where’s the FCA license then? We checked the FCA registry of legal companies and found no mention of AI FINANCIAL LIMITED. To operate legally in the UK, ProfitRaw should be regulated by this authority, but there is no regulation. You can see this in the screenshot below or verify it yourself by checking the information on the official FCA website.
Moreover, where is the proof that AI FINANCIAL LIMITED is even connected to profit-rw.com? These scammers could easily have fabricated the connection with a UK company to create the illusion of legitimacy. In the end, there’s neither a license nor any confirmation that the platform is registered in the UK.
How Long Has ProfitRaw Been in the Game?
At first glance, ProfitRaw may seem like a solid and experienced broker, especially since it claims to have 200,000 client accounts. However, this is just another lie. The company provides no evidence to support the existence of such a large client base. Moreover, the domain profit-rw.com was registered only on July 22, 2024. It’s been just three months since the site launched, and it’s impossible to gain the trust of 200,000 traders in such a short period. There’s no experience here — it’s all just a scam.
Extra Fraud Indicators
Besides the short operating time and illegal status, ProfitRaw has other signs of fraud. First of all, the trading conditions are completely unreasonable. They resemble a scam broker’s terms more than those of a legitimate company: a minimum deposit of 5,000 euros and a massive leverage of 1:500. Moreover, they don’t even offer a demo account.
Another suspicious aspect is the order execution model. The platform does not route client trades to liquidity providers or ECN networks; instead, it acts as a counterparty to the traders, making it interested in client losses. This is easy to explain — the broker charges no commissions and claims spreads from 0 pips. So, how does the intermediary make money in this case? The only option is through traders’ losses. Trading here is dangerous; the platform is only interested in your losses.
And what about fake reviews? Since scammers can’t advertise legally, ProfitRaw resorts to creating fake positive reviews. If you come across glowing comments online about how safe and profitable this platform is, rest assured — it’s a lie. These fraudsters pay for praising reviews and for the removal of negative ones. No honest company operates this way.
Is ProfitRaw the Right Fit?
This is a typical example of a broker that hides clear signs of fraud behind big promises. The lack of a license, inflated minimum deposits, lack of transparency, short operating time, and illegal activity all make the platform extremely dangerous for traders. We strongly advise against dealing with this company to avoid financial losses and keep your money safe.
This is just plain fraud! Scammers created their fake platform this summer and then launched fake positive reviews. Don’t believe a single word from these fraudsters. What’s even more interesting is that you first have to chat with a scam manager, and only then can you trade. Rest assured, they will try to extract as much money from you as possible. I’m 100% sure this is an illegal and fake broker. Some shady people set up this firm, and they didn’t even manage to register it as a legal entity.
Wat kun je doen als je er wel ingetrapt bent.
Ik ben ongeveer 23000 euro kwijt.
Met vriendelijke groet,
Henk Olree