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Any1Profit Review - is it scam or safe?

Any1Profit review - Is any1profit.com scam or good forex broker?

RATING: 1 / 3 REVIEWS ForexBrokerz Any1Profit
Any1Profit is an offshore broker. Your money is not safe.

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Any1Profit says to be a “fully-legitimate Investment Firm” established back in 2012, which offers access to over 1000 CFD instruments as well as over 60 000 deliverable assets, with four account types, leverage as high as 1:500 and a choice between a web based trading platform and the MetaTrader4.

 

Trading account  Min. deposit  Max. leverage Spread
Starter Account $500 1:500 n/a
Basic Account $10 000 1:500 n/a
Advanced Account $25 000 1:500 n/a
Premier Account $100 000 1:500 n/a

 

Unfortunately we have some serious concerns about this broker, so if you are about to deposit any funds with them be sure to read the following paragraphs.

 

Any1Profit Advantages:

 

Over 50 currency pairs and various CFDs

 

As we checked the Any1Profit trading platform we counted 54 major, minor and exotic forex pairs, 23 indices, lots of stocks, soft and energy commodities like oil, natural gas and wheat, precious metals like silver and gold, and even crypt coins including Bitcoin, Ethereum, Litecoin, Ripple, Dash and Bitcoin Cash. Still if you like the idea of trading the crypto markets, we may suggest that you check our list of brokers, also trading with bitcoin CFDs:

 

>>Bitcoin Forex Brokers<<

 

Leverage as high as 1:500

 

This is as good as it can get – leverage as high as 1:500 is currently offered only by offshore brokers and some brokers regulated in South Africa or New Zealand, especially since regulators throughout Europe, the U.S., Canada, Japan and now even Australia capped the maximum leverage allowed with forex transactions to levels well below 1:100.

 

Any1Profit Disadvantages:

 

Anonymous website, not regulated

 

From Any1Profit presentation we understand that they have offices in the UK, Sweden and Bulgaria, and that is fantastic except for the fact that they do not bother to tell us what is the name of the company that runs the whole business. Apart from that, needles to say, the website turned out not to be regulated, as it should be, if they want to target customers on regulated markets like the European Union, Canada, Australia or the U.S.

 

So basically what we have here is an anonymous, unregulated website that is an obvious scam.

 

Bear in mind that your funds can be secure only with properly regulated companies as the ones licensed and authorized by the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC) or the Cyprus Securities and Exchange Commission (CySEC) – the three most popular regulatory destinations in the industry.

 

And be sure to avoid unregulated brokers in general. Unregulated brokers are totally unaccountable for the way they handle our funds, unlike brokers regulated by the FCA in the UK for example, where you will even get the additional protection of a client compensation fund, basically insuring your trading account for up to 85 000 GBP. Here you may check our list of FCA regulated brokers: 

 

>>FCA Regulated Forex Brokers<< 

 

Market maker offering managed accounts

 

From their presentation we understand that Any1Profit offers some sort of managed accounts, where you will be offered the service of some specially designed software, which will trade instead of you generating good profits. You should be extra cautious when someone offers to manage your trading account, especially if this is a market maker like Any1Profit. Most brokers in general act as market makers and  Any1Profit is not an exception. 

 

Bear in mind that a market maker makes money whenever traders lose, so obviously if market maker offers to manage your account it will be in a conflict of interest as it will have the incentive to lose your money in its own pockets.

 

MetaTarader4 not supported

 

Although Any1Profit says they are offering their clients the MetaTrader4, when we tried to download the platform it turned out the link was down. So we had access only to some overly simplified web based platform, which you can see here:

 

 

And we do miss the MetaTrader4. It is by far the most popular trading platform on the market, featuring over 50 modifiable market indicators and trading robots, with the help of which one can easily run automated trading sessions. And what is more, the platform is equipped with an excellent set of advanced charting tools, so here you may check as well our list of brokers, where you can trade with a MT4:

 

>>MT4 Brokers<<

 

High spreads

 

When we checked the Any1Profit web based trading platform the benchmark EURUSD spread appeared to be fixed at 3 pips, which is about twice the maximum spread traders would usually consider attractive with a standard account. So here you may check as well our list of brokers offering tighter spreads:

 

>> Lowest spread forex brokers<<

 

High minimum deposit requirement

 

Any1Profit asks for an initial deposit of no less than 500 USD and we find this excessive. Bear in mind that with most brokers you will be able to start trading with about 250 USD or so, while with some big and well established players like FBS and IG you can open a trading account with just 5 USD or so.

 

Skrill not accepted as a payment method

 

The absence of Skrill is notable, because of the new anti scam policy of the company. Since October 2018 Skrill partners only with properly licensed brokers and as we already established Any1Profit is just an anonymous, unregulated website. Here by the way you can check as well our brokers where you can pay with Skrill:

 

>>Brokers accepting Skrill<<

 

Conclusion:

 

Unfortunately Any1Profit turned out to be yet another anonymous, unregulated website that most probably is involved in scam. Be sure to avoid unregulated websites like Any1Profit at all cost and trade instead with properly licensed brokers, like the ones regulated by the FCA in the UK, CySEC in Cyprus or ASIC in Australia.

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Traders` reviews for Any1Profit

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yet another victim

" Mike" at Any1profit went to great lengths to gain my trust and a considerable amount of my money i want to see these people brought to justice . i just have to workout how any suggestions

Steve Cobb 11/20/2019

Any1profit is a Scam!

This company is a total scam. I dealt with their 'broker' charles, whom turned out to be very manipulative and as it stands (1 month on) i still can't get my money oyt and the will no longer talk back to me). Run for the hills, don't be fooled. Do your research and find a legit broker.

Dominc 11/12/2019
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