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Probits Review | A New Way of Making Money or a SCAM?

by Kevin Berry
Rating: 
  1.3/5   Reviews: 3
Probits - logo

Probits promises that with it you will discover a new way of making money. Unfortunately, you will not find anything new except trading CFDs here. Let’s check how good the broker’s trading conditions are, what reviews traders write about it, and whether it is accused of fraud.

Highlights

🏛️ Country Saint Vincent and the Grenadines
⚠️ Regulation
🖥️ Website https://probits.io/
🎲 Demo Account No
⏳ Start Time 2022
💲 Minimum Deposit 5000 USDT
⚖️ Minimum and Maximum Leverage 1:10
⚙️ Trading Platform WebTrader
📨 E-mail support@probits.io
📞 Phone

First Impression of Probits.io

Probits offers us a new way to make money. In confirmation of this, bright animated pictures with a rain of gold meet us on the site. It is a hint that with this broker you will definitely become millionaires. You just have to register on the site. However, there is not enough useful content here. The company focuses on listing its benefits and persuading people to create an account as soon as possible. There are statistics for the project, but its veracity is questionable. In general, the site does not make a pleasant impression. It looks more like a typical scam.

Probits - website

Partnership and Bonuses

When registering, you can enter a promo code. However, Probits does not give any mention of the affiliate program. The company at least definitely provides bonuses. Depending on the amount of deposit, you can get up to 100%.

Account Opening on Probits.io

The registration form is standard. You need to fill in the following fields:

  • First and last name
  • Email
  • Phone number
  • Country of residence
  • Account currency
  • Promo code.

Registration

The Client Portal is combined with the trading platform. It’s also absolutely typical. You can change the settings in your account here, deposit, withdraw money, view the history of orders, and write to the chat.

Probits - Client Portal

Verification

Verification at the Probits site is necessary. The first step is to verify your identity. For this, a photo of an ID card, passport or driver’s license is suitable. You will also need to confirm the place of residence, take a photo of the credit and debit card in front and back. You also need to fill out a DOD statement. At first glance, everything looks fine. However, why take a photo of a debit and credit card if all deposits are accepted in USDT and Bitcoins? It seems that someone’s legend is bursting at the seams.

Pros
  • Easy to upload documents.
Cons
  • It is not specified how long the verification process will take.
  • Probit requires photographing the card unnecessarily.

Trading Software

The trading platform looks terrible. It seems that it was made by amateurs. Of course, it doesn’t belong to Probits. It is just software that the broker bought, since it is found in several third-rate companies. There are not enough indicators for trading here. We don’t even know who this terminal is designed for, except for beginners.

WebTrader

Features Probits Capital365 BTC-MARKETS
Demo Account
Mobile App
Own Development

How Can I Trade With Probits?

The broker says that it offers cryptocurrency trading. You can even trade stocks and indices for Bitcoins here. Nevertheless, we all understand that Probits has no access to the interbank market. Only CFDs will be available here.

All Info About Accounts

Probits has provided several types of accounts for trading.

  • Mini. You have to deposit $5,000. Available leverage of 1:10, personal manager services, daily analysis and news.
  • Standard. The minimum deposit is 25 thousand dollars. In addition to a personal manager, you will be assigned a head of accounts. You will also be able to participate in financial events.
  • VIP. The minimum deposit is 75 thousand dollars. There is an opportunity to save money on the account, and also participate in a mini ICO.
  • Sigma. You have to deposit this account with a sky-high 250 thousand dollars. In this case, you will receive the same services, only with the VIP prefix.

As we can see, account types are a total miss for Probits. Firstly, the minimum deposits are definitely overstated. Secondly, what are these fictional services? How should we evaluate participation in a mini-ICO? What launchpads does the broker work with? Why is there not a single mention of them on the website? Why do customers with VIP accounts have to deposit such money? In fact, they don’t get anything special. So many questions and so few answers…

Pros
  • There are several types of accounts.
Cons
  • No Islamic accounts
  • No ECN accounts
  • No demo account
  • Useless services
  • Too high deposit.

Market Analysis and Education With Probits.io

Probits has no market analysis. The education is mediocre. There are several videos on the site that explain what Bitcoin is and how cryptocurrency works. However, the broker doesn’t seem to teach trading.

Deposit, Withdrawal, and Fees

On the website, there are mentions of several deposit methods. In fact, the company only accepts cryptocurrencies. You can deposit your account with Bitcoins or USDT. In the same way, you can withdraw money.

Features Probits Capital365 BTC-MARKETS
Debit/Credit Cards ✔️
Electronic Payments
Crypto Transfers ✔️ ✔️
Deposit Fee
Withdrawal Fee

How Can I Contact It?

There are only ways to contact this broker by email and a feedback form. Traders write in reviews that support responds reluctantly. You will have to wait a very long time for the support to pay attention to you.

Pros
  • Several contact details.
Cons
  •  No phone number
  • Difficult to get through support
  • Offshore address.

Is Probits Dangerous?

Rather strange trading conditions and an inflated minimum deposit hint that it is not worth working with this broker. Besides, we found a few more problems.

How Long Does The Broker Work?

On the main page, Probits says that it has been working since January 2019. There is not a single truth in this statement because there is no mention of this company on the Internet at all until 2022. Additionally, we checked the domain and found something interesting. The site was created on May 12, 2022. So, we can conclude that the company is lying about the period of its work.

Domain info

How Is Probits Regulated?

The company’s registration data confirm our theory about short-term working. According to legend, Flack Consulting LLC manages Probits. This legal entity is registered offshore in Saint Vincent and the Grenadines. The main supervisory authority there is the FSA. And it does not license such dealing centers. That is, the hero of our review is not regulated. Therefore, traders’ money will be in danger.

Features Probits BTC-MARKETS RollerCoin
European Zone
Asian Zone
American Zone
African Zone
Offshore

Frequently Asked Questions (FAQ)

How to Trade With Probits?

To trade with this broker, you need to register on the site, pass verification, deposit and start to open orders.

Is Probits Legit?

The company is registered in an offshore zone and operates without a license. 

How Risky Is It?

Trading with this broker is very risky because it is not regulated. You will not be able to contact the supervisory authority in case of problems and most likely you will simply lose money.  
Kevin Berry
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Expert Opinion

This is a typical scam broker, part of a dangerous web that has flooded the online trading market. Look, Probits appears to be a crypto broker, but it’s just a pretty wrapper. In fact, from cryptocurrencies, there is only the acceptance of your deposits, so convenient for scammers! I’m sure CFD trading here is nothing more than a layer of an onion, with each layer concealing a deeper scam. They will just take your money and will not make any trades for any asset.

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Probits rating

The level of trust
Quick withdrawal of funds
Efficiency of technical support
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The level of trust
Quick withdrawal of funds
Efficiency of technical support

3 reviews about Probits

Mina November 17, 2022 - 17:01
Poor software
The level of trust
Quick withdrawal of funds
Efficiency of technical support

I have complaints about the trading terminal. Sometimes it seems to me that it lives its own life. Plus, it is very uncomfortable. I don’t understand why Probits can’t provide MetaTrader. Meanwhile, the support has never answered my question yet.

Reply
Clint December 1, 2022 - 17:43
Where's my money?
The level of trust
Quick withdrawal of funds
Efficiency of technical support

I really regret that I decided to trade on this platform. The fact attracted me that you can trade stocks for cryptocurrency. I wish I would never see Probits offers at all. They haven’t withdrawn my money for a week now.

Reply
Rick December 11, 2022 - 21:16
I had money and now I don't have it
The level of trust
Quick withdrawal of funds
Efficiency of technical support

It is a scam broker. It prefers newbies because they are easy to lose money. I also have no trading experience. Managers promised me that they would help in trading. As a result, all of their recommendations only led to the fact that the deposit was gone. Be careful.

Reply

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