Quick Profit FX - Scam Report
quickprofitfx.net•Reported: 2/3/2024•Offshore
Very High Risk
Confirmed Scam
DANGER: This broker has been confirmed as fraudulent. Do not deposit any money with this company. If you have funds with them, contact your bank and local authorities immediately.
Executive Summary
Promises unrealistic returns and operates as a Ponzi scheme. Reports of identity theft and credit card fraud.
Quick Profit FX operates as a classic Ponzi scheme, promising guaranteed returns of 300-500% annually. The company has no legitimate trading operations and uses new investor funds to pay earlier investors.
How They Scam Traders
- Promises guaranteed returns of 300-500% annually
- Uses fake testimonials and fabricated success stories
- Operates without any regulatory oversight
- Collects personal information for identity theft
- Pressures investors to recruit friends and family
Scam Timeline
8/10/2023
Website launched with aggressive marketing campaign
11/15/2023
First withdrawal complaints surface
1/5/2024
Identity theft reports linked to the platform
1/28/2024
Official scam warning issued
2/3/2024
Added to scam broker database
Red Flags to Watch For
Unrealistic profit guarantees
No regulatory registration
Pyramid scheme recruitment tactics
Requests for excessive personal information
No legitimate business address
Evidence Collected
- Fake testimonial videos with paid actors
- No evidence of legitimate trading activity
- Multiple identity theft reports from users
- Unregistered business with no physical address
Impact Statistics
210
Affected Traders
$1.8M
Total Reported Loss
89
Filed Complaints
Reported Issues
Ponzi scheme
Guaranteed returns
No regulation
Identity theft
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