TL;DR: the short answer
BCSC warned on 2021-07-27 that ProfitsTrade Ltd. (profitstrade.com), claiming to be in Dominica and to offer forex, index, crypto and commodity accounts, is not registered to trade or advise in BC.
Scambaba rates ProfitsTrade Ltd. critical risk with a risk score of 8.5/10, last verified 2026-10-24.
Key facts
| Risk score | 8.5 / 10 (Critical Risk) |
|---|---|
| Status | On BCSC Investment Caution List (not registered/recognized in BC) |
| Category | Crypto / Forex Scam |
| Primary scam vector | Unregistered forex/crypto trading accounts |
| Reported domains |
|
| First listed | 2026-10-24 |
| Last verified | 2026-10-24 |
Red flags reported for ProfitsTrade Ltd.
- Claims to be located in Dominica
- Offers accounts for trading Forex, indices, cryptocurrencies and commodities
- The BCSC states it is not registered to trade in, or advise on, securities or derivatives in BC
- Accepts British Columbia residents as clients
- Name promises "profits" directly
Detailed threat analysis
What the BCSC says
The British Columbia Securities Commission (BCSC) published a warning about ProfitsTrade Ltd. on 2021-07-27. The notice says the firm claims to be located in Dominica and to offer accounts for trading Forex, indices, cryptocurrencies and commodities. The BCSC is aware that it accepts BC residents as clients and says the firm is not registered to trade in, or advise on, securities or derivatives in BC. The website is https://profitstrade.com. The BCSC urges BC residents to use caution with unregistered firms and refers readers to InvestRight.
An offshore base
Dominica is named as the claimed location. The BCSC reports this as a claim and does not describe the firm's status in that country. The notice does not give figures on losses or describe how clients were reached.
Practical guidance
General advice: companies can be incorporated in some small jurisdictions with little oversight of their financial activities, so an incorporation certificate or "Ltd." in the name is not a licence to handle client money. Ask for the licence that covers dealing with retail investors, and who issued it. Be sceptical when a firm whose name promises profits describes risks only in fine print. If you do hold an account, check for unexplained fees, requests to pay "tax" or "release fees" before withdrawing, and pressure to add funds to avoid losing earlier deposits.
What to do if you dealt with ProfitsTrade Ltd.
- 01Ask which authority licensed the firm to deal with retail investors, then confirm it with that authority directly.
- 02Check Canadian registration at aboutregistration.ca.
- 03Refuse to pay tax or release fees as a condition of withdrawing your own money.
- 04If you deposited, ask your bank or card provider about a dispute and report to the BCSC and the Canadian Anti-Fraud Centre (1-888-495-8501).
- 05Keep statements, withdrawal requests and replies from support.
Frequently asked questions
Where does ProfitsTrade Ltd. say it is located?
The BCSC's 2021-07-27 notice says it claims to be in Dominica. The regulator does not verify that.
What does ProfitsTrade Ltd. offer according to the BCSC?
Accounts for trading Forex, indices, cryptocurrencies and commodities.
Is ProfitsTrade Ltd. registered in BC?
The BCSC says it is not registered to trade in, or advise on, securities or derivatives in BC.
Sources
- ProfitsTrade Ltd. - Investment Caution List, BC Securities Commission, 2021-07-27
This report reflects publicly available information and reported patterns as of 2026-10-24. It is an opinion, not a legal determination. Spot an error or represent this entity? See our editorial and corrections policy.