ProfitsTrade is a multi-asset brokerage firm that provides traders with an online trading platform for trading over 250 financial markets across different asset classes, including forex, indices, commodities, cryptocurrencies, stocks, and CFDs. There are multiple trading account options to choose from. The minimum deposit required to open a live trading account is $250.
ProfitsTrade Review, Pros & Cons
- Proprietary trading platform
- Educational resources
- Multiple financial instruments
- Unregulated broker
- Located offshore
- Minimum $200 deposit
- No MetaTrader platforms
- Not the lowest spreads
- No USA traders
In this detailed ProfitsTrade review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
With its head office in Roseau, Dominica, ProfitsTrade is an online financial services provider that offers access to the global financial markets. The broker makes available a web-based trading platform and also provides a selection of useful trading and learning tools to assist traders. There is a 24/5 client support team to assist traders at every point. Traders also benefit from some favourable trading conditions, such as multiple trading account options, tight spreads, flexible leverage, and more.
ProfitsTrade is the trading name of ProfitsTrade Ltd (registration number: 2020/IBC00017), with an office address at 7 Old street Roseau Dominica. There is no regulatory information on the broker’s website at the moment.
Many experts and professionals would not trade with an unregulated broker as they cannot offer the same protection to investors that a regulated brokerage firm can. Please see our trading broker reviews for alternative regulated brokers.
The broker offers its services to clients from different parts of the globe where the use of such services would not be contrary to local laws and regulations.
Some ProfitsTrade features and products mentioned within this ProfitsTrade review may not be available to traders from certain countries because of legal restrictions.
ProfitsTrade provides traders with an online trading platform that is developed to seamlessly trade the available financial instruments. The trading platform’s design lets you exploit the broker’s benefits to the fullest. It can run directly on modern web browsers — Chrome, Safari, Firefox, and Edge — without the need to download or install any additional software.
ProfitsTrade Trading Tools
Traders are also provided with some standalone trading tools that are aimed at ensuring a hitch-free trading process. These include risk management tools, analytical tools, trading signals, cryptocurrency market widget, heat maps, and more.
The broker’s website contains some educational resources that are designed to improve clients’ knowledge of how the financial markets work. They include trading guides, an FAQ section, market news, and a trading glossary that contains various trading terminologies along with their detailed explanations.
The following trading instruments are available at ProfitsTrade: forex, indices, commodities, cryptocurrencies, stocks, and CFDs.
ProfitsTrade Accounts & Fees
The broker offers several trading account options to meet the various trading needs of clients. Each of the accounts has unique trading benefits, including access to educational resources and trading tools. The account types and their corresponding minimum required deposits are as follows: Bronze ($250), Silver ($500), Gold ($1,000), Premium ($10,000), and Islamic ($5) accounts.
As broker fees can vary and change, there may be additional fees that are not listed in this ProfitsTrade review. It is imperative to ensure that you check and understand all of the latest information before you open a ProfitsTrade broker account for online trading.
The broker’s client support team is available 24/5 to respond to all traders’ general, technical, and account-based inquiries. They can be reached via the following contact channels: telephone, email, online form, and Live Chat.
ProfitsTrade Deposit & Withdrawal
The broker accepts the following payment methods for both account deposits and withdrawals: credit/debit cards, bank wire transfers, SEPA transfers, e-wallets, and more.
ProfitsTrade Account Opening
To open a live trading account, you are required to tap on the ‘Create Account’ tap and proceed to properly fill in the account registration form; then, hit the “Start Trading Now” button.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree with them.
ProfitsTrade is an online retail trading broker that operates from Dominica. They provide traders with a web-based platform for trading multiple financial assets. Traders benefit from educational resources, trading tools, and a client support team. There are multiple trading account options with a minimum deposit requirement of $250. However, the broker is not regulated by any known financial authority at the moment.
Please, note that trading with Forex and/or CFDs and/or other financial leveraged instruments carry risks and may end up in the loss of all your funds and, therefore, you might reconsider using this service. You must take into account your personal circumstances and financial resources and take particular care and make careful considerations independently, before trading at ProfitsTrade. Please, make sure you understand the high risks involved and seek independent advice if necessary.