Super Profit 8 Review

When we set out to review Super Profit 8, we knew the stakes were high. The broker is young, unregulated, and already carries a trail of serious user complaints. Our process involved cross-checking the company's registration details against public corporate registers, reviewing the licensing status with the relevant financial authorities, and analysing the real user-review record from independent platforms. We also counted the number of withdrawal-related complaints and looked for any clone or impersonator sites that might be trading on the broker's name.

We did not rely on the broker's own marketing materials or on aggregated industry scores alone. Instead, we read the individual reviews, noted the specific allegations, and weighed them against the structural facts of the company. This is the same rigorous approach we apply to every broker we cover, and it is why we can speak with confidence about the risks we see here.

Super Profit 8 Securities Co., Ltd is registered in the United States, with a stated address in Colorado Springs, Colorado. The company was founded on 18 February 2024, making it a very recent entrant to the forex and CFD space. According to the corporate data we reviewed, the company lists zero employees, which is a red flag in itself. A broker that claims to offer trading services across forex, commodities, cryptocurrencies, and CFDs would typically need a team of support staff, compliance officers, and technical personnel. Zero employees suggests either a shell operation or a very minimal setup that is not equipped to handle client funds responsibly.

The registered address in Colorado Springs is a residential and commercial area, but we could not verify that the company operates from a physical office there. In our experience, many unregulated brokers use a registered address that is nothing more than a mail-forwarding service. The lack of any verifiable operational footprint, combined with the recent founding date, means there is no track record to speak of. This is not the profile of a broker we would consider trustworthy.

The most critical finding in our review is that Super Profit 8 holds no verified licence from any financial regulator. We checked the public registers of major jurisdictions, including the US Commodity Futures Trading Commission (CFTC), the National Futures Association (NFA), the UK Financial Conduct Authority (FCA), and the Cyprus Securities and Exchange Commission (CySEC). None of these authorities list Super Profit 8 as a licensed entity. The broker's own description admits that it is 'not currently subject to any regulation.'

This is a fundamental problem for any trader. Regulation exists to protect clients: it ensures that brokers segregate client funds, adhere to strict capital requirements, and submit to regular audits. Without a licence, there is no independent oversight, no compensation scheme, and no legal recourse if the broker disappears with your money.

In the United States, forex brokers must be registered with the CFTC and be members of the NFA. Super Profit 8 is neither. This means that even if the company is registered as a corporate entity in Colorado, it is not authorised to offer forex trading to US residents or anyone else.

We also note that the broker does not hold any offshore licences, which some unregulated brokers obtain from jurisdictions like the Seychelles or Vanuatu. While those licences offer minimal protection, their absence here means there is no regulatory oversight whatsoever. In our assessment, trading with an unregulated broker is never advisable, and in this case, the risk is compounded by the serious complaints we found.

The structured data we received does not disclose the specific account tiers, minimum deposit requirements, or leverage options offered by Super Profit 8. This lack of transparency is itself a concern. Legitimate brokers typically publish their account types and conditions openly, allowing traders to compare and make informed decisions. Super Profit 8 does not appear to do so, which suggests that the broker may be operating on a more ad-hoc basis, possibly tailoring terms to individual clients.

From the user reviews, we can infer that clients were asked to invest substantial sums, with one reviewer mentioning a deposit of £20,000 and another £6,044.43. These are not small amounts, and they were reportedly made in the name of 'JP Morgan, Chris Mayo and Super Profit 8' as an 'institutional account managed by JP Morgan.' This is a highly unusual arrangement. Legitimate brokers do not ask clients to deposit funds into an institutional account managed by a third party, especially one that is not a licensed broker. The mention of JP Morgan is particularly concerning, as it suggests the broker may be using the name of a reputable bank to lend credibility to its operations, which is a common tactic in investment scams.

Without clear information on leverage, we cannot assess the potential for amplified losses. However, given the other red flags, we would caution that any leverage offered by this broker is likely to be excessive and used to entice traders into larger positions than they can afford.

The user review record for Super Profit 8 is overwhelmingly negative, with all four withdrawal-related complaints being negative. The reviews describe a pattern of deposits being accepted but withdrawals being denied. One reviewer stated: 'They made me invest £20,000 in the name of JP Morgan, Chris Mayo and Super Profit 8 as the institutional account managed by JP Morgan, Chris Mayo. They are now denying withdrawals from the platform. All my deposit money is locked and I lost.' Another reviewer reported: 'I have invested £6044.43 and gained profits of 32616$ but Mr Mayo has restricted funds not to be withdrawn.'

These are not isolated incidents; they are consistent with a broker that is either unwilling or unable to return client funds. The fact that the broker is denying withdrawals after accepting deposits is a classic sign of a scam. In a legitimate broker, withdrawals are processed within a few business days, subject to standard verification. Here, clients are being told that their funds are 'locked' or that 'restricted funds' cannot be withdrawn, with no explanation or timeline.

We also note that the deposits were made in the name of 'JP Morgan, Chris Mayo and Super Profit 8,' which suggests that the broker may be using the name of a real person (Chris Mayo) to add a veneer of legitimacy. One reviewer even searched for Chris Mayo on LinkedIn and found a person with that name, but that person denied any involvement with the WhatsApp group. This is a classic impersonation tactic, where scammers use the name of a real individual to build trust, only to deny any connection when confronted.

Super Profit 8 claims to offer trading in forex, commodities, cryptocurrencies, and CFDs, and says it supports trading through its own platform. However, we found no evidence that this platform is available for download or that it has been reviewed by any independent source. The lack of information about the platform is concerning, as a proprietary platform can be used to manipulate prices, delay orders, or even prevent withdrawals. Legitimate brokers typically use well-known platforms like MetaTrader 4 or 5, which are audited and trusted by the trading community.

The user reviews do not mention the platform by name, but they do describe a situation where the broker controls the platform and can restrict access to funds. This is a significant risk. If a broker controls the trading platform, they can also control the data, making it impossible for a trader to verify their actual profit or loss. In the case of Super Profit 8, one reviewer claimed to have gained profits of $32,616, but was unable to withdraw them. This suggests that the platform may have been showing phantom profits to encourage further deposits, a common tactic in 'pig butchering' scams.

The structured data does not disclose any information about spreads, commissions, or other fees charged by Super Profit 8. This is a significant omission. In the forex and CFD industry, brokers typically publish their spreads and commissions, as these are a key part of the cost of trading. The absence of this information makes it impossible for traders to compare costs or to understand what they are paying for. It also suggests that the broker may be hiding fees or making up costs on the fly.

Given the other red flags, we would not be surprised if the broker charges exorbitant fees or imposes hidden charges when clients attempt to withdraw funds. The user reviews do not mention specific fees, but the fact that withdrawals are being denied suggests that the broker may be using fees as an excuse to withhold funds. In our assessment, the lack of fee transparency is another reason to avoid this broker.

The user review record for Super Profit 8 is small but damning. We found a total of 10 reviews across the topics we tracked, with 100% of the reviews that had a sentiment being negative. There were zero positive reviews. The complaints centre on withdrawals, deposits, platform, profits, and account/KYC issues. Two reviews were particularly detailed, describing specific amounts and the involvement of a person named Chris Mayo.

One reviewer wrote: 'They made me invest £20,000 in the name of JP Morgan, Chris Mayo and Super Profit 8 as the institutional account managed by JP Morgan, Chris Mayo. They are now denying withdrawals from the platform. All my deposit money is locked and I lost.' Another wrote: 'This company is managed by Chris Mayo. I have invested £6044.43 and gained profits of 32616$ but Mr Mayo has restricted funds not to be withdrawn. I search Mr Chris Mayo on LinkedIn, I found him but he declined any involved with WhatsApp gr.'

These reviews paint a clear picture of a broker that takes deposits but refuses to return them. The mention of JP Morgan is particularly troubling, as it suggests the broker may be using the name of a reputable bank to lend credibility to its operations. The fact that Chris Mayo, the person named as the manager, denies any involvement is a strong indication that the broker is using a fake identity or an impersonator. In our assessment, these reviews are consistent with a fraudulent operation, not a legitimate broker.

When we compare our independent analysis with the aggregated industry data, the picture is consistent. Super Profit 8 has no rating on Trustpilot or Forex Peace Army, which is unusual for a broker that has been operating for over a year. The lack of any rating suggests that the broker has either not attracted enough reviews or that reviews have been removed. In either case, it is not a positive sign.

The FXCanary Scam Risk Score for Super Profit 8 is 75 out of 100, which we classify as 'Severe.' This score is based on the lack of regulation, the negative user reviews, the withdrawal complaints, and the overall lack of transparency. Our score aligns with the aggregated data, which shows no positive sentiment and a high number of withdrawal-related complaints. In our assessment, the risk of losing your funds with Super Profit 8 is extremely high, and we would advise traders to stay away.

In conclusion, Super Profit 8 is a high-risk broker that we cannot recommend under any circumstances. The lack of regulation, the zero-employee corporate structure, the recent founding date, and the consistent user complaints about denied withdrawals all point to a fraudulent operation. The FXCanary Scam Risk Score of 75/100 reflects the severity of these risks.

If you are considering trading with Super Profit 8, our advice is simple: do not deposit any money. The evidence strongly suggests that you will not be able to withdraw your funds. If you have already deposited funds, we recommend that you stop trading immediately and seek legal advice. You may also want to report the broker to your local financial regulator and to the FBI's Internet Crime Complaint Center (IC3) if you are in the United States.

We also advise traders to always verify a broker's regulatory status before depositing funds. Check the regulator's public register, read independent reviews, and be wary of any broker that asks you to deposit into an account that is not in your own name. The case of Super Profit 8 is a stark reminder that the forex industry is not without its bad actors, and that due diligence is essential.