PROFIT CINDA LIMITED denied a Vietnamese investor's withdrawal request.

About PROFIT CINDA LIMITED

Allegedly registered in the United Kingdom, PROFIT CINDA LIMITED says it is an online investment platform providing a series of trading assets including Forex, commodities, Index, Rare Metals, and Cryptocurrencies through the advanced MT4 trading platform. With PROFIT CINDA LIMITED, traders can use the maximum trading leverage up to 1:400. PROFIT CINDA LIMITED provides access to a total of five classes of trading instruments, covering forex, commodities, indices, rare metals, and cryptocurrencies. However, WikiFX considered this broker a Ponzi Scheme. You should stay away from this broker!

Regulation

According to WikiFX, PROFIT CINDA LIMITED does not hold a regulatory license. Thus we consider this broker as an unregulated broker. WikiFX has given this broker a low score of 1.05/10.

Description of the case in brief

A Vietnamese trader recently exposed to WikiFX that PROFIT CINDA LIMITED blocked his account and rejected his withdrawal request. The victim now has lost more than 6,000 US dollars because of this broker. The victim already called the police and also ask WikiFX for assistance.

Before this case, there was another trader who lost more than 58,000 US dollars after investing in this broker. According to WikiFX, as of January 12, 2023, WikiFX has received 33 complaints against this broker within three months.

Evidence gathered by WikiFX

A woman called Cskh is supposed to be an agent of PROFIT CINDA LIMITED. She lures traders to invest in this broker. When traders want to withdraw their hard-earned money, this broker blocks and rejects the request. It even put forward many unacceptable demands, such as asking for more deposits from the victim. After the scam become too obvious, PROFIT CINDA LIMITED and this woman called Cskh cut off contact with victims. To air its dirty laundry to the public, WikiFX will keep gathering the details.

Conclusion

We believe that PROFIT CINDA LIMITED is getting involved in a Ponzi Scheme. The contact information and the address of this broker are all fake. The reason why WikiFX exposed this case to the public is to remind all traders of the serious risks. All traders should be vigilant when investing in a broker.

WikiFX is actively reaching out to the victim and other traders hoping to find more evidence to help him resolve the problem. Please stay tuned for more information.

WikiFX keeps track of developments, providing instant updates on individual traders and helping investors avoid unscrupulous brokers. If you want to know whether a broker is safe or not, be sure to open WikiFXs official website (https://www.WikiFX.com/en) or download the WikiFX APP through this link (https://www.wikifx.com/en/download.html) to evaluate the safety and reliability of this broker!