MakeProfit24

MakeProfit24 is a forex broker that was founded on 3 February 2023 and is registered in Australia, with a registered address in Launceston, Tasmania. However, the broker’s official website (makeprofit24.com) presents itself as a general business and product platform, featuring topics such as paid online writing jobs and weight loss supplements, with no overt mention of forex or CFD trading. This discrepancy between our internal records and the public-facing site raises questions about the broker’s transparency and actual operations.

Available public information about MakeProfit24 is extremely limited. The website provides no details on trading platforms, instruments, or execution policies. Our records indicate that the broker offers four account tiers, but these are not advertised on the site itself. Traders should exercise caution when dealing with a broker whose web presence does not align with its stated business model.

MakeProfit24 has no known regulatory licences from any financial authority. Our records list no regulators on file, and the website does not claim any supervision. This absence of regulation means that traders have no recourse to a regulatory ombudsman or compensation scheme in the event of a dispute.

The broker’s registered address in Tasmania, Australia, is not a typical hub for regulated forex brokers. The contact details on the website show a US-based phone number and a Minnesota address, further complicating the picture. Without clear regulatory oversight, the safety of client funds is unverifiable.

According to our internal data, MakeProfit24 offers four account tiers: STARTER, PREMIUM, BUSINESS, and LUXURY. The STARTER account requires a minimum deposit of €250 and offers leverage up to 1:80, making it the most accessible option. The PREMIUM account starts at €2,500 with 1:100 leverage, while the BUSINESS account requires €50,000 and offers 1:300 leverage. The top-tier LUXURY account demands a minimum deposit of €100,000 and provides the highest leverage of 1:500.

These account types cater to a range of capital sizes, from retail to high-net-worth individuals. However, the lack of publicly available details on spreads, commissions, or platform support makes it difficult to assess the true cost of trading. The high leverage on the LUXURY account, while potentially amplifying profits, also carries significant risk of rapid losses.

MakeProfit24 appears to target traders with significant capital, given its high minimum deposits for the BUSINESS and LUXURY accounts. The STARTER account’s €250 minimum is more accessible to retail traders, but the lack of a standard account for smaller balances may limit its appeal. The broker does not publicly disclose its trading platforms or instruments, so it is unclear whether it offers forex, CFDs, or other assets.

The broker’s vague web presence suggests it may be targeting individuals who are not conducting thorough due diligence. Experienced traders are likely to avoid such opaque operations. The combination of unregulated status and high leverage makes MakeProfit24 unsuitable for conservative or novice traders.

MakeProfit24 presents a contradictory profile: our records describe a multi-tier forex broker with high leverage and Australian registration, yet its website shows none of these features. The lack of regulation, unclear operational details, and mismatch between internal data and public information are significant red flags.

Traders considering MakeProfit24 should be aware of the risks associated with unregulated brokers. We advise seeking fully regulated alternatives with transparent operations and verifiable track records. Until MakeProfit24 provides clear evidence of its legitimacy and regulatory status, it is best approached with extreme caution.