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Forex trading is a popular and lucrative activity that attracts millions of people around the world. However, not all Forex brokers are reliable and honest. Some of them are scammers who use various tricks and tactics to deceive and rip off their clients. One such scammer is My Profit Live, a Forex broker that operates under the website myprofitlive. In this article, we will expose My Profit Live as a fraudulent broker and show you why you should avoid it at all costs. We will also give you some tips on how to recognize and avoid fraudulent Forex brokers in general.


My Profit Live is a Forex broker that claims to offer a wide range of trading instruments including currencies, commodities, indices, stocks and cryptocurrencies. It also claims to provide a user-friendly trading platform, competitive spreads, fast execution and professional customer support. However, these claims are nothing but lies and deception. My Profit Live is a fraudulent Forex broker that is not regulated, licensed or permitted to operate in the Forex market. It is not registered or supervised by any reputable financial authority such as the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC) in Cyprus or the Australian Securities and Investments Commission (ASIC) in Australia. This means that My Profit Live does not abide by any rules or standards of fair and transparent trading, and does not protect the funds or personal data of its clients. It also means that My Profit Live may manipulate prices, spreads and trade execution, and refuse or delay withdrawal requests from its customers.

My Profit Live is also a fraudulent broker that uses various fraudulent schemes to attract and catch its customers. Some of these schemes are:

• Offering unrealistic and exaggerated bonuses and promotions such as doubling the initial deposit or guaranteeing hundreds of dollars in profits per day. These bonuses and promotions are usually accompanied by hidden terms and conditions that make it impossible for customers to withdraw their money or cancel their accounts.
• Working with sites that offer automated trading software such as robots or signals that promise to generate high returns with minimal risk and effort. These sites are also scams that are designed to get customers to invest more money with My Profit Live and lose it all at the end.
• Using fake or paid reviews, testimonials and ratings on the internet that praise My Profit Live as a reliable and reputable broker. These reviews, testimonials and ratings are designed to mislead and confuse potential customers into believing that My Profit Live is a legitimate and trusted broker.
• Calling or emailing clients repeatedly and aggressively, using high-pressure sales tactics and emotional manipulation to convince them to put up more money or invest in risky and unprofitable trades. These calls or emails are usually made by so-called account managers or retention agents who pretend to be experts or mentors, but are actually scammers who work for My Profit Live and earn commissions from client losses.

My Profit Live is not the only fraudulent broker on the market. There are many others that use similar or other methods to defraud and rip off their clients. Therefore, it is important for Forex traders to be alert and cautious of the signs and indicators of fraudulent Forex brokers, and avoid them at all costs. Some of the signs and indicators of fraudulent brokers:

• Lack of regulation, license or permission from any reputable financial authority. This is the most obvious and important sign of a fraudulent broker. A regulated and licensed broker is obliged to follow the rules and standards of fair and transparent trading, and to protect the funds and personal data of its clients. A regulated and licensed broker also has a dispute resolution mechanism and compensation scheme in case of bankruptcy or fraud. Therefore, before choosing a Forex broker, you should check its regulatory, license or authorization status on the official website of the relevant financial authority, and confirm its registration number and address.
• Offering unrealistic and exaggerated bonuses and promotions such as doubling your initial deposit or guaranteeing hundreds of dollars in profit per day. These bonuses and promotions are usually too good to be true and are used to attract and entice customers to invest more money or trade more often. However, these bonuses and promotions are usually tied to hidden terms and conditions that make it impossible for customers to withdraw their money or cancel their accounts. Therefore, it is advisable to carefully read and understand the terms and conditions before accepting any bonus or promotion, and avoid any broker that imposes unreasonable or unfair requirements or restrictions.
• Working with sites that offer automated trading software such as robots or signals that promise to generate high returns with minimal risk and effort. These sites are also scam sites that are designed to get customers to invest more money with a fraudulent broker and lose it all at the end. These sites usually have fake or paid reviews, testimonials and ratings that praise automated trading software as a miraculous Forex trading solution. However, these reviews, testimonials and ratings are designed to mislead and confuse potential customers into believing that automated trading software is reliable and profitable. Therefore, before using any automated trading software, it is wise to do some research and analysis and avoid any website that is linked or associated with a fraudulent broker.
• Calling or emailing customers repeatedly and aggressively, using high-pressure sales tactics and emotional manipulation to convince them to put up more money or invest in risky and unprofitable trades. These calls or letters are usually made by so-called account managers or retention agents who pretend to be experts or mentors, but are actually scammers who work for a fraudulent broker and receive commissions from client losses. These calls or emails are usually unsolicited and intrusive, and are designed to create a sense of urgency or fear in clients and cause them to act impulsively or irrationally. Therefore, before following any advice or recommendation from these calls or letters, it is prudent to do some research and analysis, and avoid any broker who annoys or pressures their clients.

My Profit Live is a fraudulent Forex broker that has no regulation, license or permission to operate in the Forex market. It is not registered or monitored by any reputable financial authority, and it does not adhere to any rules or standards of fair and transparent trading. It also does not protect the funds or personal data of its customers. My Profit Live is a fraudulent broker that uses various fraudulent schemes to attract and catch its customers, such as offering unrealistic and exaggerated bonuses and promotions, operating websites that offer automated trading software, using fake or paid reviews, testimonials and ratings, and calling or emailing customers repeatedly and aggressively. My Profit Live is a fraudulent broker that should be avoided at all costs.

If you have become a victim of this scammer and do not know what to do - write to us at forum.pl.jack@gmail.com. We will help you get your money back and get justice.