Honest Review of TheProfitSupp

Today we introduce you to the Forex/CFD broker that claims to help traders unlock their full potential. It promises excellent trading conditions, regulation by a European authority, complete fund safety, and top-quality service. Unfortunately, all of this is nothing more than the grandiose words of scammers who think they can tell potential clients an enticing story and then steal the money of those who fall for it. You’ve understood correctly: in our TheProfitSupp review, we expose yet another scam, along with the facts that prove it.

Key Features

• Company Name: TheProfitSupp Management Ltd
• Website: https://theprofitsupp.net/, https://theprofitsupp.com/
• Available Contacts: [email protected]; +41522007439
• Foundation: 2024
• Services: Forex/CFD trading
• License: None
• Initial Deposit: $10,000

From Sign-Up to Payout

When exploring the official website of TheProfitSupp, one is constantly left with the feeling that something is missing. On the surface, it seems solid, works quickly, and offers decent functionality. However, upon closer inspection, it becomes evident that the quality and informational value of its content fall far short of what one would expect from the website of a legitimate broker:

• The home page looks like a self-congratulatory anthem to the company. Users typically prefer to get an overview of the services offered here. But no… From the broker’s perspective, it’s much more important to talk about “Who we are” and “What we do,” to boast of nonexistent achievements and provide positive reviews likely written by their own employees. At this point, we’d already suggest walking away from this firm, but for those who want to continue, let’s dive deeper.
• We remain puzzled as to why the About page contains a widget that is strangely edited to show cryptocurrency rates in the Indices tab. However, the developers must have their reasons, even though seasoned traders will undoubtedly find this odd. Without this widget, the page, which is supposed to contain company information, would be almost entirely empty.
• On the Our Journey page, the company humbly calls itself “The premier service.” Its key advantages, as listed, include real-time data (as if anyone would agree to anything else in trading), instant execution technology, and trading signals. It would be helpful to know the quality of these signals, but the website provides no such information. It’s hard to imagine any trader taking a website with just seven informational pages as the face of a solid, licensed brokerage or dealer company online. Especially considering that these seven pages contain almost no useful information.
• The set of documents governing the relationship between broker and trader is also lacking. First, instead of proper Terms & Conditions or a Client Agreement, there’s a pathetic excuse of a document that can’t even be called legitimate. Second, there’s no KYC or AML policy to be found. And yet, these have become standard for brokers in Europe (and beyond).
• The account funding feature in the personal account section raises questions as well. To deposit funds, clients are asked to contact support.

Our Trading Experience With TheProfitSupp

The broker says very little about its trading platform on its website. It mentions its technological sophistication, user-friendly interface, and the speed of processing and executing client orders.

Testing the platform confirms these claims. However, upon closer inspection, critical flaws in the software, built using TradingView price chart widgets, come to light:

• There is no multi-chart mode in the system. While it’s possible to compare charts, this doesn’t solve the issue of opening positions across multiple instruments.
• The platform lacks one-click trading, which is critical for working on dynamic markets.
• A common drawback of such terminals is the inconvenience of market review when it comes to quickly finding and adding new symbols to the charts.
• Many traders will find it problematic that the terminal doesn’t allow for the addition of custom indicators and trading robots. As a result, they have to modify their trading systems and forego automated trading.

Overall, it should be noted that the quality of software used by scammers has significantly improved. However, these platforms are still nowhere near the level of modern platforms like MetaTrader or cTrader. Nonetheless, companies without official registration often purchase such programs since leading developers do not work with unregistered brokers.

As is typical for scam projects, TheProfitSupp does not disclose its trading conditions. As we mentioned, it doesn’t publish contract specifications. The account types table only shows the names and minimum deposit amounts for each account. Traders are offered seven account types:

• Bronze: Minimum deposit $10,000.
• Silver: $25,000.
• Gold: $50,000.
• Premium: $100,000.
• Platinum: $250,000.
• VIP: $500,000.
• VIP+: $1,000,000.

Beyond this, the company doesn’t provide any useful information about account features. Of course, as the initial deposit increases, account holders gain access to more training materials and even a couple of risk-free trades. However, all of this is aimed at market beginners and, in our opinion, is unlikely to ever be fulfilled.

At the same time, hidden trading conditions can critically impact a trader’s performance. Traders don’t know the leverage ratios, and therefore the risk levels, nor do they know spreads, swaps, or commissions, which are trading costs. How, in such a situation, can one assess the possibility of profitable trading or choose this broker? The firm remains silent on this matter. However, everything is done in its own interests, not to help traders earn a profit.

The Reality Check

There’s no doubt that the lack of transparency around trading conditions will lead many traders to reject cooperation with TheProfitSupp. However, the company claims to be registered in Switzerland, which may seem attractive to many potential clients. We must investigate whether its registration details hold any truth.

However, a search in the Swiss business registry shows that there is no company listed under the name TheProfitSupp Management Ltd (as claimed by the broker). This means that it is not registered in Switzerland, and the information presented on the official website is false. Additionally, the company is absent from the registers of the local financial regulator FINMA, which grants licenses to professional participants in financial markets, including brokers and dealers.

How Long Has TheProfitSupp Been in the Game?

The broker claims it was established in 2022 and even boasts on its homepage about some of its achievements, such as a million successful client trades and servicing traders from over 100 countries. However, as we have just discovered, its registration details turned out to be a fabricated story that did not hold up to even a basic verification. Therefore, the claim about the company’s duration of existence also requires investigation. To do this, we turn to the Whois service.

According to Whois, the main domain theprofitsupp.net was registered only on September 3, 2024. This means the broker has been online for just about four months. Consequently, the claim of its existence since 2022 is nothing more than another fabricated story. Naturally, the statistics provided also appear implausible — attracting enough clients to facilitate an average of 250,000 successful trades per month within such a short time frame is simply impossible.

Extra Fraud Indicators

In its four months of online activity, no genuine TheProfitSupp reviews have appeared. However, there are several articles praising the platform, describing it as reliable and excellent for trading. The intent behind these publications is clear — they are either written by the company’s own employees or commissioned and posted as paid advertising. It shows that the project’s owners are willing to spend money to create a positive image for their platform.

More objective feedback about the broker can be found on trading-related websites. Here, professional experts easily expose all the issues with this pseudo-company and warn that the risk of being scammed is extremely high. Users are advised not to deposit money or attempt to trade with this broker.

Is TheProfitSupp the Right Fit?

Our TheProfitSupp review reveals that we are dealing with a pseudo-broker unworthy of traders’ trust. It is not registered in any country, lacks a license, publishes false information on its website, and unlawfully uses data from a real company. Despite being established just four months ago, instead of honestly providing services to clients and improving its informational resource, it decided to pay for enhancing its online reputation. This is more than enough reason to steer clear and not hand your money over to scammers.

Got Questions? We Have Answers

Weighing the Benefits and Drawbacks