Is profittrade254.com a scam?
'LIKELY SCAM'
Risk: HIGH
Website Screenshot
Overview
This site shows several major red flags for a crypto investment scam, especially pig-butchering. Bogus licensing, unverified high-volume/user claims on a brand new domain, and M-Pesa-only payments point to high risk.
Why We Think This Is A Scam
Domain registered only 3 hours ago, but site claims KES 18.7M payouts and 1,247 traders online—implausible growth.
Claims to be 'Licensed in the Commonwealth of The Bahamas' with a fake-looking licence number (no ability to verify, mismatched with user payment/KYC flows).
Deposit and withdrawal only via M-Pesa, typical for regional pig-butchering targeting Kenyan users without genuine brokerage controls.
No verifiable company details, only abstract legal claims; no registration information or checks possible.
Hosting with OVH in Canada, not matching claimed Bahamian licensing or Kenyan user targeting.
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Registration Info
Registrar:NameCheap, Inc.
Registered:2026-04-29
Hosting Info
Provider:OVH Hosting, Inc.
Location:CA
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