Is profee.com Legit?

Based on the available information, profee.com appears to be a legitimate international money transfer service.

Several key indicators point towards its authenticity and regulatory compliance.

Firstly, the platform is operated by Sibilla Solutions LTD, a company registered in Cyprus (Registration No.

HE348581) and regulated as an Electronic Money Institution (EMI) by the Central Bank of Cyprus (License No.

115.1.3.16/2018). For UK residents, services are provided by Paymentz Ltd, incorporated in the UK (Company No.

12431685. and licensed by the Financial Conduct Authority (FCA) under the Payment Institution regulations (License Nо. 924263). These regulatory licenses are crucial for any financial service operating in these regions, signaling a commitment to legal and operational standards.

Furthermore, the website explicitly details its security measures, including PCI DSS certification, Tier 4 Data Center usage, 2-step verification, and 3DS security, which are standard practices for legitimate and secure online financial platforms.

The high volume of positive Trustpilot reviews (4.5 stars from over 150,000 reviews) and the display of multiple industry awards further support its legitimacy and user satisfaction.

The detailed WHOIS information, showing a domain registered since 2002 and updated recently, also indicates a long-standing online presence.

While no service is entirely without flaws or occasional complaints, the robust regulatory oversight, transparent security claims, and extensive positive user feedback collectively indicate that Profee.com is a legitimate operation and not a scam.

Regulatory Compliance and Licensing

A primary indicator of Profee.com’s legitimacy is its clear declaration of regulatory compliance and licensing in key financial jurisdictions.

• Cyprus EMI Regulation: Profee is a registered trade name under Sibilla Solutions LTD, a company registered in Cyprus and regulated as an Electronic Money Institution (EMI) by the Central Bank of Cyprus. The specific license number (115.1.3.16/2018) is provided, allowing for independent verification. This ensures adherence to EU financial services directives.
• UK FCA Licensing: For UK residents, services are provided by Paymentz Ltd, which is licensed by the Financial Conduct Authority (FCA) in the United Kingdom under the Payment Institution regulations. The license number (924263) is also provided. The FCA is one of the most stringent financial regulators globally.
• Consumer Protection: These licenses mean that Profee is subject to oversight regarding consumer protection, anti-money laundering (AML), and counter-terrorism financing (CTF) regulations, providing a layer of safety for users.
• Trust and Transparency: By explicitly stating their regulatory status and providing license numbers, Profee demonstrates transparency and builds trust with potential users, distinguishing itself from unregulated or fraudulent operations.
• Geographic Scope: The clear distinction between EU and UK regulatory bodies based on user residency indicates a thoughtful approach to international financial compliance.

Security Protocols and Data Protection

Profee.com openly outlines its security measures, which are consistent with legitimate financial technology companies committed to safeguarding user data and transactions.

• PCI DSS Certified: Being PCI DSS certified means Profee adheres to the Payment Card Industry Data Security Standard, which is a global benchmark for protecting sensitive payment card information. This is a must-have for any entity handling card payments.
• Tier 4 Data Center: Utilizing a Tier 4 Data Center indicates the highest level of infrastructure reliability and security, implying redundant power, cooling, network links, and advanced environmental controls to prevent data loss or service disruption.
• 2-Step Verification (2SV): This essential security feature requires users to confirm their identity through a second factor (e.g., SMS code) in addition to their password, significantly reducing the risk of unauthorized account access.
• 3DS Security (3-D Secure): This protocol adds an extra layer of security for online card transactions by authenticating the cardholder during the payment process, reducing fraud and chargebacks.
• Annual Certificate Updates: The commitment to regularly updating security certificates demonstrates ongoing vigilance against cyber threats and adherence to modern encryption standards.

Company Information and History

The domain and corporate information available for Profee.com provides insights into its history and operational background, contributing to its perceived legitimacy.

• Domain Age: The WHOIS data shows that the domain “profee.com” was created on March 29, 2002. A long-standing domain generally indicates a more established and legitimate entity, as scam sites often have very recently created domains.
• Registry Expiry Date: The domain is set to expire in 2026, and its update date is in 2025, indicating active management and commitment to maintaining its online presence.
• Registrar Information: Registered with Amazon Registrar, Inc., a reputable domain registrar, further supports its authenticity.
• Parent Company: Profee operates under Sibilla Solutions LTD, a registered entity in Cyprus (HE348581). This corporate structure adds a layer of accountability and legal standing.
• Award Recognition: The numerous industry awards (e.g., “Best Global Remittance Company,” “Fastest growing Money Transfer platform”) from various organizations further substantiate its reputation and operational success within the fintech sector.

Transparent Fee Structure and Exchange Rates

While the term “no hidden fees” is used, the website’s approach to displaying exchange rates and outlining where fees might apply contributes to its legitimacy. Sellyourcar2jack.com Review & First Look

• Upfront Rate Display: The interactive currency converter on the homepage allows users to see the exchange rate and implied fees immediately, fostering transparency.
• Clear Exclusion for First Transfer: The statement “no fee for your first transfer (excluding some receiving options)” is a clear and honest disclosure, indicating that not all transfers or receiving methods will be entirely free of charge.
• Referral Program Terms: The availability of a “Referral program” section and other legal documents like “User agreement,” “Terms & Conditions,” and “Privacy policy” points to a comprehensive and transparent operational framework for how they conduct business and manage user data.
• Comparison Tool (Implied): For users to truly benefit from a “beneficial exchange rate,” they would typically compare Profee’s rates with competitors. A legitimate service stands by its rates and allows for such comparisons.
• User Feedback on Rates: Customer testimonials frequently praise “very good” or “competitive” exchange rates, suggesting that users generally find the pricing structure fair relative to the market.

Trustpilot and External Reviews

The integration and public display of Trustpilot reviews serve as a strong external validation of Profee.com’s legitimacy and overall user satisfaction.

• High Trustpilot Score: A 4.5-star rating based on over 150,000 reviews is a significant achievement and indicates widespread positive user experiences. Trustpilot is a well-regarded independent review platform.
• Direct Link to Profile: Providing a direct link to their Trustpilot profile (uk.trustpilot.com/review/www.profee.com) allows users to independently verify the reviews, including both positive and negative feedback, rather than just relying on curated testimonials.
• Volume and Freshness of Reviews: The high volume suggests a large and active user base, while regularly updated reviews indicate ongoing customer engagement and service.
• Responsiveness to Reviews: While not explicitly stated on the homepage, a legitimate company often actively responds to reviews (both positive and negative) on platforms like Trustpilot, demonstrating a commitment to customer satisfaction and issue resolution.
• Consistency of Feedback: The consistent themes of speed, ease of use, and good rates across thousands of independent reviews reinforce the legitimacy of the service’s core value propositions.