About PROFIT MONSTERS
Company Overview
Profit Monsters, operating under the domain profitsmonsters.com, is a retail forex and CFD broker registered in the United Kingdom. According to public records, the company was founded on 21 October 2025, making it a very recent entrant to the brokerage space. Its registered address is at Elm Tree House, Bodmin Street, Holsworthy, England, EX22 6BB.
Regulatory Status
Despite claims on its website of holding licenses from the FSC of Mauritius and the UK's FCA, our independent verification found no active regulatory status for Profit Monsters on any official register. This discrepancy is a significant concern, as regulated brokers are required to meet stringent standards for client fund protection and operational transparency. Traders should approach any unregulated broker with extreme caution.
Trading Instruments and Platforms
The broker offers a range of financial instruments for CFD trading, including forex pairs, indices, commodities, equities, and futures. The website claims access to over 2,000 assets through a multi-asset platform, though specific platform names (e.g., MetaTrader) are not mentioned. Leveraged trading is available, but margin requirements are not clearly stated on the main pages.
Account Types and Spreads
Profit Monster advertises tight spreads, with EUR/USD as low as 0.2 pips and a fixed $5 commission per 100K lot on forex. For equities CFDs, the site lists commissions of $0.02 per share for major stocks like Apple and Amazon. It also mentions a 'Active Investment Program' with monthly cash rebates. No specific account tiers (e.g., standard, pro, Islamic) are explicitly outlined on the website.
Client Funds and Insurance
The broker claims to offer 'FREE Insurance' up to 1 million Euro/GBP/AUD per client, and emphasizes 'Protection of Funds.' However, without regulatory oversight, these promises are unenforceable and should not be taken at face value. The company was incorporated only recently, which adds to the uncertainty regarding its financial stability and track record.
Deposits and Withdrawals
Profit Monster's FAQ mentions that withdrawals can be initiated through the client's account area, but specific payment methods nor processing times are disclosed. The account opening process requires standard identity verification documents, suggesting a typical KYC procedure. Given the lack of regulatory scrutiny, traders may face delays or difficulties with fund access.
Target Audience and Suitability
The broker appears to target retail traders looking for a multi-asset platform with competitive spreads and a wide range of instruments. Its claims of 30+ language support and social trading features aim to attract an international audience. However, the absence of regulation makes it unsuitable for traders who prioritize fund security and legal recourse.
Overview compiled by FXCanary from regulatory records and public data. full PROFIT MONSTERS review