Profit Trade Review

Learn more about this Broker in our review

Visit Broker
Profit Trade Broker Review
63%
Decent Brokerage good for beginners

As far as trading brokers go, Profit Trade is reputable, easy-to-use, and powered with precision. It is rather limited in terms of available information, but it offers 50+ currency pairs and a handful of precious metals.

  • Trading Experience
  • Trading conditions
  • Security
  • Fees an commissions
  • Trading Platforms & Trading Tools
  • Customer Support

This broker also offers 5 unique account types with affordable minimum deposits and generous leverage. 

Profit Trade Broker Review

Profit Trade is a forex brokerage with a difference. This global broker partners with clients on an individual basis by adhering to 4 core tenets. These include rapid executions of trades, tight liquidity, expert customer support, and transparency. Profit Trade  is based in Bulgaria , and the broker runs a intuitive trading platform (real and demo) accounts. With spreads as low as 0.5 pips Profit Trade offers deep liquidity trading to all clients.

Profit Trade Overview/ background

 

Profit Trade offers real money forex trading services. this brokerage offers clients an impressive range of trading options. This includes a minimum account deposit of just £250/€250/$250, and leverage of up to 1:200. There are some 50+ currency pairs, and commodities available to traders.

This forex brokerage works with Tier 1 banks and adheres to a strict policy of KYC and AML protocols. Segregated funds are standard to separate client funds from company funds.

 

The company is not engaged in trading against clients and is for STP only purposes. With 256-bit secure socket layer encryption (SSL), Profit Trade offers the same levels of safety as online banking. All trades are conducted on an ECN/STP basis (electronic communication network/straight through processing).

Website: Profit-Trade.com
Telephone:+44 7520644068
Regulation: Not Regulated
Pairs offered: major pairs, minor pairs, and exotic currency pairs
Minimum Deposit: $250
Spreads From: 0.6 PIPs
Max Leverage: 200:1
Markets: forex and precious metals, CFD’s Stocks & Cryptocurrencies
Main Office [email protected]
Financial Department  [email protected]
Dealing Department  [email protected]

Account Types

 

Various account types are available at Profit Trade, including Educational Accounts, VIP Accounts,

see the full overview in the table below.

 

Additionally, the account types at Profit Trade are available in a real account and a demo account.

Clients can easily switch between the two, provided they adhere to the requirements. For example, demo accounts that are left dormant for more than 30 days will be deactivated and deleted. However, clients can easily test all their trading strategies on demo accounts before switching to a real-money account

 

Trading Platform/ software

 

This trading platform is regarded as one the most intuitive forex trading software in the world. Features of the profit Trade  trading software include competitive trading conditions, liquidity, full charting capabilities, graphs, multi-asset management, and full mobile functionality.

Real money trading on this software and demo trading options are available. To get started, clients are required to register an account, provide the requisite information and wait for verification from Profit Trade.

 

Deposit options

 

Deposit options are limited to a handful of payments processing methods, including credit card, debit card, and wire transfer. Clients are not able to transfer funds from bank accounts not held in their name, as is standard practice with regulated forex businesses.

Corporate credit cards will not be accepted.

Depositing by wire shall be made only from a bank account in your country of domicile and from an account in your name. Refunds and withdrawals in case of a deposit by wire shall be executed to the same account where the deposit has originally been wired from.

According to generally acceptable AML rules and regulations, withdrawals must be performed only through the same bank account or credit/debit card that you used to deposit the funds.

On every deposit of funds we will ask our traders to send us for the following documents in order to validate your account, within ten business days.

A photocopy of your valid passport, driver’s license, or national identification card

A utility bill or bank statement from the last three months with your address clearly shown

A copy of the front and back sides of the card (NOTE: we need to see first 6 and 4 last digits on the front and hide the CVV on the back, the back side must be signed and to cover the digits from 7-th till 12-th as well

the front and hide the CVV on the back, the back side must be signed).

* You will need to send us this information for every card you use to make a deposit

Unless we agree otherwise, withdrawals from the Account may only be made in the same currency in which the respective deposit was made.

Furthermore, when it comes to withdrawals, clients may be required to present additional information and documents.

In addition, when you deposit or withdraw money for trading purposes using alternative payment methods, you should be aware that additional fees and restrictions may apply.

Without derogating of the foregoing, The Company may execute withdrawals to a different facility than the one used for the deposit, subject to Anti Money-Laundering regulations.

Markets

 

The following forex options are available to traders: AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, AUD/USD, CAD/CHF, CAD/JPY, CHF/JPY, EUR/AUD, EUR/CAD, EUR/CHF, EUR/GBP, EUR/JPY, EUR/NZD, EUR/SEK, EUR/USD, GBP/AUD, GBP/CAD, GBP/CHF, GBP/JPY, GBP/NZD, NZD/JPY, NZD/USD, USD/CAD, and USD/ZAR are among others.

In total, there are several dozen forex pairs available for trading. The spreads are as low as 0.3 on popular pairs like the EUR/USD, and as high as 72.6 on pairs like EUR/TRY. Other markets include spot precious metals like gold and silver.

in addition you are able to trade of course gold and cryptocurrencies.

they have additionally a large selection of the largest stocks in the global market where you are able to take advantage of the movement in the markets.

 

Bonuses

 

We contacted customer support via live chat for questions about bonuses. We were informed by the customer support professional that Profit Trade does not offer any bonuses – first deposit bonuses, deposit bonuses, or conditional bonuses.

 

Customer Support

 

Customer support and service is available through several channels. These include the snail mail address:

 

The Online Contact Form: traders can simply complete the online contact form and submit it to customer service representatives at the company. They typically work quickly and effectively to resolve queries.

 

Safety

 

Several safety measures are currently in effect at Profit Trade , notably the 256-bit SSL (secure socket layer) encryption technology, account verification, and firewall protection. Clients also have usernames/passwords to protect their accounts and are encouraged to use antivirus software, anti-malware, and safe browsing habits.

AML and KYC protocols are in effect, further enhancing the safety and security of trading activity.

 

Ease of Use

 

One thing that clients will instantly notice is that Profit Trade has opted for minimal clutter on its platform. Brief descriptions, quick and easy access to information, and instant registrations are assured. This forex brokerage uses trading software in Demo account mode and Real money mode. This makes it incredibly easy to get up and running with this trading platform.

 

Final Thoughts

As far as trading brokers go, Profit Trade is reputable, easy-to-use, and powered with precision. It is rather limited in terms of available information, but it offers 50+ currency pairs and a handful of precious metals.

This broker also offers 5 unique account types with affordable minimum deposits and generous leverage.

Comments are closed, but trackbacks and pingbacks are open.