About SingleProfit
Company Overview
SingleProfit is a trading broker that was founded on August 13, 2020. The company is registered in Sweden, yet its official registered address is located in the United States at 112 Capitol Trail, Suite A548, Newark, Delaware 19711. This dual-location setup is unusual and may raise questions about the firm's operational jurisdiction and regulatory obligations.
Despite being registered in Sweden, the company lists a Delaware address, which is a common incorporation hub in the US. However, no public information confirms any physical presence or business activities in either location. The broker maintains a social media presence on Facebook, Instagram, LinkedIn, and Twitter/X, but details about its actual services remain scarce.
Regulation and Licensing
According to FXCanary's records, SingleProfit holds no known regulatory licenses from any financial authority. This absence of oversight is a significant red flag for traders who typically rely on regulatory protection for dispute resolution and fund security.
Without a credible regulator—such as Sweden's Finansinspektionen or the US CFTC/NFA—the broker operates in an unverified legal framework. The lack of regulatory information is the most critical finding in this profile and should be weighed heavily by any prospective trader.
Account Types and Platforms
No information is publicly available regarding the account types offered by SingleProfit. It is unclear whether the broker provides demo accounts, live accounts, or different tiers (e.g., standard, premium, VIP). Similarly, the trading platforms used—such as MetaTrader 4/5, cTrader, or a proprietary platform—are not disclosed.
This lack of transparency makes it impossible to assess the trading environment or technology available to clients. Prospective traders should consider this a serious limitation when evaluating the broker.
Trading Instruments and Funding
The range of tradable instruments offered by SingleProfit remains unknown. It is not clear if the broker provides forex, CFDs, commodities, indices, cryptocurrencies, or other assets. Funding methods—including bank transfers, credit/debit cards, e-wallets, or cryptocurrencies—are also not specified.
Without this information, traders cannot determine if the broker meets their trading needs or whether deposit and withdrawal processes are convenient and secure. The lack of published details on fees or minimum deposits further obscures the cost of trading.
Target Audience and Suitability
Due to the absence of verifiable information, it is difficult to determine the target audience for SingleProfit. The broker may aim at retail traders looking for leveraged forex/CFD trading, but this cannot be confirmed.
Given the unregulated status and limited public footprint, SingleProfit is likely unsuitable for traders who prioritize regulatory safeguards, transparency, or established reputation. The broker appears to operate in a grey area, which may appeal to speculative traders but carries inherent risks.
Conclusion on Public Information
Overall, public information about SingleProfit is extremely limited. While the broker has a social media presence and a registered domain, key operational details are absent. FXCanary's internal records show a Scam Risk Score of 45 out of 100, labeled as 'Guarded', indicating elevated caution.
Traders considering SingleProfit should conduct extensive due diligence and preferably seek brokers with clear regulatory oversight and transparent service offerings. The lack of independent user reviews and verifiable data makes this broker a high-risk choice.
Overview compiled by FXCanary from regulatory records and public data. full SingleProfit review