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Huge Profit

United States|2-5 years|
High potential risk|

https://www.hugeprofx.com/index.html

Website

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https://www.hugeprofx.com/index.html

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Company Name

Huge Profit Global Limited

Abbreviation

Huge Profit

Platform registered country and region

United States

Company website

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 2
Previous Detection : 2024-11-01
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Huge Profit · WikiFX Survey

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Huge Profit · Company Summary

Note: Huge Profits official site - https://www.hugeprofx.com/index.html is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information

Huge Profit Review Summary in 10 Points
Founded 1-2 years
Registered Country/Region United States
Regulation NFA (Unauthorized)
Market Instruments N/A
Demo Account N/A
Leverage N/A
EUR/USD Spread N/A
Trading Platforms N/A
Minimum Deposit N/A
Customer Support N/A

What is Huge Profit?

Huge Profit is a software platform that claims to help users make huge profits from trading. The platform is marketed as a “revolutionary new way to trade” that can help users “make money while they sleep.” However, there is no evidence to support these claims.

In fact, there are a number of red flags that suggest that Huge Profit is a scam. These include the fact that the platform is not regulated by any reputable financial authority, and that there have been reports of investors being unable to withdraw their money.

Pros & Cons

Pros & Cons

Pros Cons
N/A • Not regulated
• A report of withdrawal difficulty
• Website is unavailable
• Lack of transparency

Huge Profit Alternative Brokers

There are many alternative brokers to Huge Profit depending on the specific needs and preferences of the trader. Some popular options include:

  • IC Markets: A good choice for traders who want low spreads and high liquidity.

  • AvaTrade: A good choice for traders who want a wide range of trading instruments and platforms.

  • Plus500: A good choice for traders who want a user-friendly platform and a variety of educational resources.

Broker Pros Cons
IC Markets Low spreads No Islamic account
High liquidity, good customer support No cryptocurrency trading
Regulated by ASIC and CySEC
AvaTrade Wide range of trading instruments High spreads on some instruments
Multiple trading platforms Commissions on some trades
good customer support
Regulated by FSA, FFAJ, CBI, FSCA, and FCA
Plus500 User-friendly platform, variety of educational resources High spreads on some instruments
Good customer support Limited trading instruments
Regulated by FCA, CySEC, FMA, and MAS

Ultimately, the best broker for you will depend on your individual needs and trading style. If you are looking for low spreads and high liquidity, IC Markets is a good option. If you want a wide range of trading instruments and platforms, AvaTrade is a good choice. And if you want a user-friendly platform and a variety of educational resources, Plus500 is a good option.

Is Huge Profit Safe or Scam?

Based on the information available, it is highly likely that Huge Profit is a scam. Here are some of the red flags that I have identified:

  • No valid regulation. Huge Profit is not regulated by any reputable financial authority. Their United States National Futures Association (NFA, No.0546333) license is unauthorized. This means that there is no one to oversee their activities and protect investors from fraud.

NFA license
  • Reports of unable to withdraw. There have been reports of investors being unable to withdraw their money from Huge Profit. This is a common tactic used by scammers to keep investors' money.

    • Website is unavailable. The Huge Profit website is currently unavailable. This could be a sign that the company has shut down or that they are trying to prevent investors from withdrawing their money.

In conclusion, the evidence suggests that Huge Profit is a scam. I would strongly advise against investing with this company.

Here are some tips for avoiding investment scams:

  • Only invest with companies that are regulated by a reputable financial authority.

  • Do your research before investing in any company.

  • Be wary of companies that offer high returns with little or no risk.

  • Never invest money that you cannot afford to lose.

User Exposure on WikiFX

On our website, you can see that a report of unable to withdraw. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

User Exposure on WikiFX

Customer Service

Huge Profit doesn't provide any information about its customer support channels, it suggests a lack of transparency on their part. The absence of accessible customer support channels can be seen as a potential drawback, as it may limit the ability of customers to seek assistance or resolve issues promptly. It is always advisable to consider a company's commitment to customer support and accessibility when choosing a service provider.

Conclusion

In conclusion, it is strongly advised to steer clear of Huge Profit. The lack of valid regulation and the presence of an unauthorized NFA license are clear indicators of a potential scam. Reports of investors being unable to withdraw their funds and the unavailability of the company's website further contribute to the suspicion of fraudulent activities.

It is crucial to prioritize the safety of your investments and only engage with reputable and regulated brokers or investment platforms. Remember to conduct thorough research, seek out reliable information, and exercise caution to protect yourself from falling victim to scams like Huge Profit.

Frequently Asked Questions (FAQs)

Q 1: Is Huge Profit regulated?
A 1: No. Their United States National Futures Association (NFA, No.0546333) license is unauthorized.
Q 2: Is Huge Profit a good broker for beginners?
A 2: No. It is not a good choice for beginners. Not only because of its unregulated condition, but also because of its inaccessible website and lack of transparency.

Review 2

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