Scam Alert Scam Scam 300 233 SOS Team scam.

We received an enquiry from someone who had invested a small amount in the scam.  Profit-ACCA claims to be a crypto-currency trading platform operated by the UK company Profit ACCA Ltd.  It even has a copy of the incorporation certificate on the website.  Here is a link to the website, but do not pay anything to them.

The website claims that the platform has 1 million+ traders, but the website has been up for less than three months because the domain name was purchased in July 2020.  The UK company has been around for a bit longer.  It was incorporated in April 2018, however the sole director Scott Watson filed to dissolve the company.  Companies House has published the intent to dissolve the company and it will be dissolved on 18th October unless someone can prove that the company traded and lodges an objection at Companies House.

The investor wrote to tell us that she wanted to withdraw her profits, but the only way she would be allowed to do that was if she upgraded to a higher level account which meant paying more money in.  We have seen this type of scam many times where the small print restricts investors from withdrawing money.  The reality is that there are no profits.  The money was stolen as soon as the investor paid it in and they have just been watching a software program which makes it look like trading has been taking place.  None of the trades are real and the crooks have stolen the money.  That is the scam.

The difficulty is proving that the website was actually operated by the UK company called Profit ACCA Ltd.  Scammers often clone the names of legitimate companies. If the website is a clone and it isn’t really operated by Profit ACCA Ltd then the dissolution of the company might disrupt the scam a bit. Hopefully potential investors will see this article or check at Companies House in the future and will not invest.

If you are interested in investing in Bitcoin or in trading Bitcoins (and we have no idea why anyone would ever be interested in doing either because they would be swimming with sharks), then take some screenshots of the website.  This is what a scam website looks like.  These website templates are passed around amongst scammers.  If any other trading platform site looks like this you can be sure it is a scam.


Sign-up for free to view hidden content

Get Started

Investigating investments is a regulated activity in the UK. We have chosen NOT to be FCA-regulated. As a result, British citizens are not allowed to view our content, use our services or benefit from the regular Scam Alert warnings on our blog page. This restriction only applies to citizens of Great Britain and does not apply to other countries. A lot of scam victims around the world regularly view our website and benefit from the information we provide. We are not required to check who visits the website and we do not record any information on anyone who clicks the "I CONFIRM" button below. 

Safe Or Scam is prohibited by the Financial Services and Markets Act 2000 (and associated regulations) from allowing individuals ordinarily resident in Great Britain to access our pages or use our services. Therefore, if any one of the following three statements apply to you the FCA prohibition applies.

1.  I am currently ordinarily resident in the Great Britain; or
2.  I was ordinarily resident in the Great Britain at the time I made my investment; or
3.  I made my investment through my company which is incorporated under the laws of England and Wales and Scotland.

If NONE of the above apply you may proceed to have free access to the website by clicking the "I CONFIRM" button below.


Our Scam Alert articles are sponsored by a not-for-profit UK company which is permitted to provide services to residents of Great Britain. If you are prohibited from viewing this website because one of the statements above apply to you, but you would like assistance from the UK company, please complete the Contact Form below. Please note: if you meet the requirements to click the "I CONFIRM" button above, you do not need to complete any details below.   

    By Submitting you agree with the SOS Privacy Policy