Is Profitlevel safe and legit? Full review
Profitlevel is a Cyprus-based broker regulated by the Cyprus Securities and Exchange Commission (CYSEC). It has a long operating history and provides live support, while its listed disadvantages include regulatory disclosures. Customer service is available through several channels, and the broker also has a below-average influence rating.
Regulatory Compliance and Security
Profitlevel is regulated by the Cyprus Securities and Exchange Commission (CYSEC). The regulated company is BCM Begin Capital Markets CY Ltd. The safety level is 1.
A 2022 CYSEC board decision records one settlement of €170,000 concerning possible violations of the Investment Services and Activities and Regulated Markets Law, including general principles and information to clients and the requirement for CIF authorization.
Customer Service
Customer service supports 5 languages and 1 region, including English and Chinese (Simplified), with Cyprus as the main service region. Contact is available by telephone, email, Facebook, and Instagram.
Note: Response times may be lengthy.
Influence
Profitlevel has an influence rating of D. Its influence is mainly distributed in Switzerland and Malaysia, with an average influence index of 4.39.