MVProfit Review – It All Sounds Legit, But It’s Definitely Not

One of the first signs not to trust this firm is its transparency. Or lack of it, if you like. Surprisingly, MVProfit doesn’t reveal who founded it or what legal entity stands behind its activities.

These details are very important in the trading world nowadays. Especially with so many swindlers luring for our money. However, in this MVProfit review, we reveal all the key facts about the company that could keep your money safe.

Broker status:	Unregulated broker
Regulated by:	No regulations
Operating Status:	Active Forex Trading Scam
Known Websites:	https://mvprofit.com/
Blacklisted by:	ASIC, IOSCO
Owner:	N/A
Headquarters Country:	Switzerland (allegedly)
Foundation Year:	2023
Online Trading Platforms:	WebTrader
Mobile Trading:	Not available
Minimum Deposit:	N/A
Deposit Bonus:	N/A
CFD Trading Option:	Yes
Crypto Asset Trading:	Yes  – BTC, ETH, LTC
Available Trading Instruments:	Cryptos, commodities, forex, commodities, shares
Maximum Leverage:	1:100
Islamic Account:	Not available
Free Demo Account:	Not available
Accepts US clients:	US clients are not accepted
Global Fraud Protection Experts’ Verdict:	With 100% negative reviews and missing regulations, it’s clear the company is not operating according to laws. With this in mind, traders can definitely expect withdrawal problems. If you experience it as well, reach our refund team for advice on how to recover the money from this swindler.

Is MVProfit Legit or a Scam?

As can be seen, the company presents itself as Swiss-based. This means it should be regulated by FINMA in the first place. Sadly, neither the FINMA nor any other top-tier regulator has records of this company having a license. Starting with FCA, BaFin, and ASIC.

Quite surprisingly, this firm doesn’t even exist for one year. Yet, they already earned a warning from Australian ASIC. That’s a quick hint about not trusting this broker. Also, the Spanish IOSCO, with their warning, helps European traders stay away from this scam as well.

Traders Experience

One of the things that can easily expose this company is the MVProfit reviews. With a 100% negative rating, it’s quite obvious what are the company’s goals. As can be seen, to steal as much money as possible. Fraudulent trading platforms and unclear fee structures are key facts that help them on their way.

If you were caught in the same trap, feel free to contact our refund experts for a solution. After all, it’s your money at stake. So you have to do something about it.

How Does MVProfit Work?

Generally, no scam broker does something extraordinary. All their patterns are easily recognized. For instance, the MVProfits broker uses manipulative platforms to present traders with fictive profits. Once traders want to withdraw those, the company requires them to pay withdrawal fees.

In reality, it’s a company’s last shot at extorting traders’ money. Whether they deposit that or not, traders get their accounts and funds frozen. They can forget about those funds if they don’t know what refund options are available. That’s why we encourage all scammed victims to talk to our refund experts for adequate refund options.

Who Are MVProfit Victims?

Without a license, the MVProfit Forex company can literally target anyone. Thus, it’s up to those traders to know whether they should invest with this broker. Especially if they come from the company’s main target areas like:

• Canada
• United Kingdom
• Belgium
• Australia

Since the company has been operating since 2023 and already has warnings, it’s a matter of time before it disappears. If you want to be ahead of them, contact our team for refund advice today.

What Are Trading Platforms Available?

Like the CorpTeck broker, MVProfit offers only a web-based trading platform. If you were hoping for cTrader or MetaTrader, you’d have to look elsewhere. These companies only have one goal: to steal money. And the only way they can do that is through manipulative platforms.

Is the MVProfit Mobile Trading App Available?

If the company had any trusted software, it would offer iOS and Android apps as well. Instead, you’ll have to use the browser to access your account on a mobile device. In most cases, that’s not the most reliable method for trading overall.

What Financial Instruments Does The Platform Include?

As can be seen, the company offers all five major instrument asset classes. Thus, without top-rated licenses, none of these offers truly matter.

Anyway, traders can trade:

• Forex – EUR/CHF, AUD/NZD
• Commodities – gold, platinum
• Shares – Walt Disney, Netflix
• Indices – ASX200, DAX30
• Cryptos – ETH, LTC

Account Types Offered by MVProfit

Another thing designed to delude traders is the MVProfit account types. According to those, traders might even think they are legit. But they shouldn’t forget the company is not licensed.

The lowest deposit requirement for certain accounts seems to be $2.500. But in most cases, swindlers will accept anything above $250. All options are:

• Basic – up to $2.500
• Silver – $2.500+
• Gold – $10.000+
• Platinum – $75.000+
• VIP – $150.000+

Can a Trader Use an MVProfit Demo Account?

Unfortunately, none of these accounts include a demo or Islamic account. Therefore, traders will have to look for another broker for these options —but hopefully not for GreenFX.

MVProfit Fees, Leverage, and Commission

As can be seen, the company has quite expensive trading costs. Commissions start at 5% and spreads at 2.4 pips, these services are quite hefty. On top of that, there are 1.5% swap commissions.

The more money you deposit, the higher the leverage you get and the higher the impact of these rates. All in all, the company’s leverage of up to 1:100 doesn’t comply with any regulations, neither UK nor Canadian ones.

Is the MVProfit Welcome Bonus Available?

With non-transparent T&Cs, it’s hard to clarify if there are any bonuses included. But if you get some, make sure to check the bonus policy first.

Is MVProfit Withdrawal Possible?

Since the MVProfit app doesn’t exist and there are quite expensive costs, it’s clear that withdrawals will be impossible, especially with the withdrawal policy and legal terms missing. Generally, once you complete the MVProfit login procedure, you can request a withdrawal through the client area.

However, without regulations, it’s highly expected that those withdrawal requests won’t be approved.

What Should I Do If I Have an MVProfit Problem?

In general, the company doesn’t give us a single reason to trust them, especially with their highly suspicious MVProfit withdrawal process. That’s why traders should be prepared for anything, and the best option to do that is to know what refund options are.

If this broker is holding your money, our refund experts can advise you on the next best step. Contact us today to book your first free consultation and find out how to get your funds back easily.