Profitix Review

Category: Reviews | Author: Trading Brokers | Date: June 3, 2024

Profitix is a forex broker that has been in operation since 2019, offering a platform for trading in forex, commodities, stocks, indices, and cryptocurrencies. Based in Saint Vincent and the Grenadines, Profitix provides its clients with the MT5 and Web Trader platforms, boasting over 95 forex currency pairs and a variety of other trading options. However, as with any broker, Profitix has its share of pros and cons. In this review, we will delve into the specifics of Profitix’s offerings, examining their regulations, trading platforms, education, market, and so on. Our goal is to provide a comprehensive and objective overview of Profitix, enabling you to make an informed decision about whether this broker aligns with your trading needs and priorities. Let’s dive in and explore what Profitix has to offer.

Pros & Cons

  • Provides some educational resources like videos and ebooks
  • Has 5 account types to suit different trader requirements
  • Offers the popular MT5 trading platform
  • Provides access to a wide variety of tradable assets including forex, stocks, commodities, indices and cryptocurrencies
  • Has mobile trading apps for Android and iOS devices
  • Accepts various funding methods like cards, e-wallets and money transfer services
  • High minimum deposit requirement for entry-level account
  • No demo account for practice trading
  • Lack of regulation raises risks for traders
  • Multiple negative user reviews and scam warnings
  • Lack of transparency around spreads, fees and account features




Profitix is a high-tech broker that has made a name for itself in the marketplace. It offers a user-friendly trading platform that traders of all experience levels can utilize to make informed trading decisions. The platform is designed to inspire confidence, emphasizing safety and quality of service. One of the standout features of Profitix is its diverse range of account types. From the Mini Account for beginners to the VIP Account for elite traders, Profitix has an account type to suit every trader’s needs.

Each account type comes with its own set of features and benefits, providing a customized trading experience for every trader. Profitix also offers a wide range of markets for traders to explore. Whether you’re interested in trading forex, CFDs, indices, shares, commodities, or cryptocurrencies, Profitix has got you covered. This diversity of markets allows traders to diversify their investment portfolios and find trading opportunities in a variety of asset classes.
In terms of funding,

Profitix offers several methods to accommodate the preferences of different traders. These include credit and debit cards, Diners Club, MoneyGram, Neteller, Skrill, and Western Union. This variety of funding methods provides flexibility for traders, allowing them to choose the method that best suits their needs. Profitix also places a strong emphasis on education, offering a range of educational resources to help traders improve their trading skills and knowledge.

These resources include educational videos, daily news and analysis, an economic calendar, and e-books and guides. These resources can be a valuable tool for traders looking to stay informed about the latest market trends and improve their trading strategies. However, it’s important to note that Profitix is an unregulated broker, which means there’s a higher risk involved. Always do your due diligence before opening an account with any trading platform.

AvaTrade Logo

Our #1 Broker 2024

AvaTrade is an award-winning and multi-regulated broker offering a great selection of trading instruments including Forex, Cryptos, Stocks and Commodities. You can trade on all of your devices via user-friendly platforms with excellent trading conditions and no commission fees.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.


Profitix is registered in Saint Vincent and the Grenadines. However, it does not have a valid regulatory license from any major regulatory body. Saint Vincent and the Grenadines is considered an offshore jurisdiction with relatively lax financial regulations. While Profitix claims to be regulated, there are no details available on which regulatory body oversees its operations.

The lack of strong regulatory oversight means that while ProfitiX may offer certain attractive trading conditions, such as high leverage, it also poses a higher risk to traders. Without regulation from a reputable authority, there is less protection for traders in the event of disputes or insolvency of the broker.

Caution is warranted when trading with offshore brokers like Profitix that do not fall under strict regulatory purview. Traders are advised to research regulated alternatives to ensure the security of their funds. Please see a list of regulated Profitixs for some alternative options. Reputable regulators like the UK’s Financial Conduct Authority (FCA) and Cyprus Securities and Exchange Commission (CySEC) provide strong investor protections.

Platforms & Tools

ProfitiX offers a robust trading platform called Profi Trader, which is available for PC, web, and mobile. This multi-asset platform enables the trading of currency pairs, stocks, and shares. It offers advanced charting tools, four types of trade execution, and automated trading capabilities.

Profi Trader

Profi Trader

In addition to the Profi Trader platform, ProfitiX also supports the MetaTrader 4 and MetaTrader 5 platforms, as well as Trading Central.

MT4 & MT5 Platforms

MT4 & MT5 Platforms

These platforms are widely recognized in the trading community for their comprehensive tools and features, including technical analysis, automated trading systems, and a user-friendly interface.


Profitix offers a range of educational resources to help traders navigate the financial markets. They include:

  • Educational Videos: Profitix offers a comprehensive library of educational videos that cater to traders of all experience levels. These videos cover a wide range of topics, from the basics of trading to more advanced strategies. The videos are designed to be easily digestible and practical, making them a handy resource for traders looking to expand their knowledge and skills. Topics include technical and fundamental analysis, risk management, trading psychology, and the use of indicators and Expert Advisors (EAs). These videos can be a great starting point for beginners and a valuable resource for more experienced traders looking to refine their strategies.
  • Daily News & Analysis: To help traders stay informed about the latest market trends and economic events, Profitix provides daily news updates and market analysis. These resources offer insights into the latest financial news events and market movements, helping traders make informed decisions. The daily news updates cover a wide range of markets and provide analysis of key economic indicators, market trends, and geopolitical events that could impact the markets.
  • Economic Calendar: Profitix also provides a real-time economic calendar that lists upcoming economic events and releases. This tool can be particularly useful for traders who base their strategies on fundamental analysis, as it allows them to prepare for market volatility around news events. The economic calendar includes information such as the date and time of the event, the affected currency, the importance of the event, and the expected impact on the markets.
  • E-Books & Guides: In addition to the videos and daily updates, Profitix also offers downloadable PDF e-books and guides for self-study. These resources cover a range of topics including trading basics, technical and fundamental analysis, trading psychology, and strategy development. The e-books and guides provide in-depth information and can be a valuable resource for traders looking to deepen their understanding of the markets and improve their trading skills.


Profitix offers a variety of markets for traders looking to diversify their investment portfolios. Here’s a casual rundown of what they have on the menu:

  • Forex: For those who like to ride the waves of currency fluctuations, Profitix provides access to the forex market. Traders can dive into major, minor, and exotic currency pairs, trying to catch the right trend.
  • CFDs: Contract for Differences (CFDs) are also on the table, allowing traders to speculate on price movements without owning the underlying asset. This includes CFDs on various asset classes like stocks, indices, and commodities.
  • Indices: If you’re into gauging the health of an economy or want a broader market play, Profitix offers trading on indices. This way, you can trade on the collective performance of top companies in a particular market.
  • Shares: For stock market enthusiasts, Profitix provides the opportunity to trade shares of some well-known companies. This is a good pick for those who have a knack for company analysis and equity trading.
  • Commodities: If you’re more grounded and like tangible assets, trading commodities might be your thing. Profitix offers a range of commodities for trading, which could include precious metals, energy, and agricultural products.
  • Cryptocurrencies: And for the digital gold rush, Profitix includes cryptocurrencies in its offerings. Traders can explore the volatile crypto markets and trade on popular digital currencies like Bitcoin, Ethereum, Litecoin, and Bitcoin Gold.


Profitix offers a diverse range of account types, each tailored to cater to the unique needs of traders at different stages of their trading journey. They includeL

  • Mini Account: The Mini Account is the entry-level account type offered by Profitix. It’s designed with novice traders in mind, providing a stepping stone into the world of trading. With a minimum deposit requirement of $250, it’s a relatively low-cost way to start trading. The Mini Account offers maximum leverage up to 1:400, allowing traders to trade larger positions than their deposit would normally allow. This account type offers zero commissions with spreads, which means the cost of trading is included in the spread, or the difference between the buy and sell price of an asset.
  • Advanced Account: The Advanced Account is a step up from the Mini Account. It’s designed for traders who have some experience in the markets and are looking to take their trading to the next level. The minimum deposit requirement for this account is $2,500. Like the Mini Account, the Advanced Account offers variable or floating spreads, which can be lower during times of high market liquidity. An account manager is also provided to assist with trading decisions, providing personalized service and expert advice.
  • Executive Account: The Executive Account is designed for expert traders who are comfortable navigating the financial markets. This account requires a substantial minimum deposit of $25,000, reflecting the level of expertise and capital required to make the most of this account type. The Executive Account offers the ability to trade on all of the available assets, providing a wide range of trading opportunities. Like with the Advanced account, spreads can be variable or floating, offering potentially lower trading costs during times of high market liquidity.
  • Prime Account: The Prime Account is a premium account type offered by Profitix. It requires a significant minimum deposit of $100,000, making it suitable for high net worth individuals and professional traders. This account was designed to offer competitive pricing, with lower spreads and commissions for larger deposits. The exact details of the features and benefits of this account type are not specified on the broker’s website.


Profitix offers a variety of funding methods to accommodate the preferences of different traders. Here’s an overview of the options available for depositing funds into your Profitix trading account:

  • Credit and Debit Cards: Credit and debit cards are a common and convenient way to fund trading accounts. Profitix accepts both credit and debit cards for deposits. This method is quick and easy, allowing traders to fund their accounts almost instantly. It’s a familiar process for many, similar to making any online purchase.
  • Diners Club: Diners Club is a globally recognized card, and Profitix includes this in their list of acceptable funding methods. If you’re a Diners Club cardholder, you can conveniently use your card to deposit funds into your trading account. It’s as straightforward as using a regular credit or debit card.
  • MoneyGram: MoneyGram is a well-known money transfer service that operates worldwide. If you prefer to use a money transfer service or want to deposit cash, Profitix allows funding through MoneyGram. This method might involve going to a physical MoneyGram location, which could be a bit more time-consuming compared to online methods.
  • Neteller: Neteller is a popular e-wallet service used by many online traders. It’s known for its fast and secure transactions. With Neteller, you can transfer funds to your Profitix account almost instantly. It’s a good option if you prefer to keep your trading funds separate from your regular bank accounts.
  • Skrill: Skrill is another e-wallet service that’s widely used in the online trading community. Like Neteller, Skrill offers fast and secure transactions. It’s a convenient option for traders who prefer using digital wallets for their online transactions.
  • Western Union: Western Union is a global money transfer service. If you prefer this method, Profitix allows you to fund your trading account via Western Union. This method might involve going to a physical Western Union location, but it’s a good option if you prefer not to use online methods or don’t have a bank card.


In conclusion, Profitix is a high-tech online broker that offers a wide range of trading instruments and a user-friendly trading platform. The broker provides access to over 10,000 financial instruments. The broker offers a range of platforms, assets, account types and funding methods. However, it is important to note that Profitix is an unregulated offshore broker which means there is an inherent risk involved. While Profitix offers strong features on paper, there are concerns around trust and transparency given the lack of oversight. Traders are advised to thoroughly research any broker before committing funds. For additional choices, we encourage you to explore our trading broker reviews, which cover regulated brokers with longer track records that might be worth considering as alternative options to Profitix.

ProfitiX Logo


ProfitiX is a global online broker that offers trading services on over 10,000 markets, including currencies, energies, and stocks. The broker provides a robust trading platform called Profi Trader, available for PC, web, and mobile, and also supports the MetaTrader 4 and MetaTrader 5 platforms.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

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