Profit Pulse Limited is a Contract for Difference (CFD) broker officially registered on April 18, 2024. The broker primarily offers numerous trading markets through its proprietary trading platform and mobile application, including forex, stocks, futures, energy, precious metals, cryptocurrencies, CFDs, and more.
Company Registration Information and Regulatory Status:
Public information on the official website of Profit Pulse Limited reveals that its headquarters are located in New York, USA. Moreover, the broker has registered with both the National Futures Association (NFA) and the Financial Crimes Enforcement Network (FinCEN) in the United States and is regulated by them, with an NFA ID of 0561418, and an MSB number of 31000263262302.
Upon verification, the National Futures Association (NFA) identifies the entity with NFA ID 0561418 as SMART GLOBAL, registered as a non-member entity, which NFA does not regulate. Likewise, the Financial Crimes Enforcement Network (FinCEN) website shows that the entity with MSB number 31000263262302 is also SMART GLOBAL. However, FinCEN's primary mission is anti-money laundering and does not regulate ordinary financial derivative transactions. It is also unclear what relationship exists between Profit Pulse Limited and SMART GLOBAL.
Additionally, the website design and content of this broker are almost identical to those of other broker websites like Tickmill, HANTEC FINANCIAL, LeSen Financial Limited, Gold Harbor, GO Markets, and X Charter.
Opening an Account:
To open an account with Profit Pulse Limited, visit the broker's official website and click on “Register” at the homepage or the top right corner of the webpage. Begin by verifying your email, then set up a login password and submit. Upon submission, the account registration will be successful.
Trading Account Information:
The official website of Profit Pulse Limited only discloses information on spreads, trading leverage, margin call/stop-out levels, and contract sizes. Details such as account types, trading commissions, minimum/maximum trade volumes, maximum positions/orders, and minimum price precision are not published.
- Spread: Variable spreads
- Trading Leverage: 1:100—1:500
- Margin Call/Stop Out Levels: 100%/50%
- Contract Size: 1 lot = 100,000 currency units
Trading Platform:
Profit Pulse Limited offers the ST5 trading platform to its users.
Deposits and Withdrawals:
Profit Pulse Limited has not explicitly stated the supported methods, fees, and minimum amounts for deposits and withdrawals on its website.
Summary:
Traderknows warns investors that Profit Pulse Limited is a foreign exchange scam website with opaque registration and regulatory information, and it is suspected of false advertising. The only way to contact this broker is through email, which is extremely limited. The website design and content of its official site use the same template as those of other brokers like Ticmill, HANTEC FINANCIAL, LeSen Financial Limited, Gold Harbor, GO Markets, and X Charter. Traderknows advises investors to choose brokers with transparent information, strong regulation, and good reputation for their investment and trading activities to avoid unnecessary financial losses.
Currently, this broker is marked as "suspected of scam" on Traderknows.
