ProfitiX is an online trading broker that is based in Saint Vincent and the Grenadines, so they are registered offshore and are not regulated. The broker provides a choice of over 10,000 financial markets for trading online through the MetaTrader 5 (MT5) platform. Clients can choose to trade forex currency pairs, stocks, commodities, cryptocurrency, indices, and other financial derivatives. The broker also provides traders with trading tutorial videos and daily market analysis.
ProfitiX Review Introduction
In this ProfitiX review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including ProfitiX.
ProfitiX Platforms & Tools
ProfitiX provides clients with the sophisticated and powerful MetaTrader 5 (MT5) multi-asset platform. It offers advanced charting tools, four types of execution combined with NDD (No Dealing Desk), and automated trading capabilities. The features of the MT5 trading platform include:
- Cross-asset trading on more than 10,000 markets
- Innovative transparency with level II pricing
- Advanced charting tools for market analysis
- Multilingual and user-friendly interface
- Supports automated trading strategies
- Hedging trading strategy
- Price alert notifications
- Secure SS-encrypted trading servers
- 24/7 client support
The MT5 platform is available as a desktop application for Windows and Mac computers, a non-installable WebTrader that runs directly in most modern web browsers, and mobile trading apps for iOS and Android compatible devices. The mobile apps can be downloaded from relevant app stores; they enable clients to trade and manage their accounts while on the go.
ProfitiX Research & Education
The broker provides traders with a range of educational resources, including an educational center that has several on-demand videos on basic forex education, chart analysis, technical indicators, trading platforms, and more.
ProfitiX Trading Accounts
ProfitiX has a variety of account types to cater to the diverse needs of all kinds of traders. They offer flexible leverage from 1:1 up to 1:400. The various account types and their corresponding minimum required deposits are as follows: Mini Account (250 USD), Advanced Account (2,500 USD), Executive Account (25,000 USD), Prime Account (100,000 USD), and VIP Accounts.
Free demo accounts that are preloaded with virtual funds are available for traders to try out the broker’s services and practice their trading strategies before opening a live trading account.
ProfitiX Account Funding
ProfitiX offers traders a good selection of convenient methods for depositing and withdrawing funds from their trading accounts. They include bank wire, credit/debit card, and online payment processors, such as Neteller, Skrill, MoneyGram, and Western Union. The transaction limits, fees, and processing time depend on the payment method used.
ProfitiX Customer Service
The ProfitiX’s support desk is available to answer clients’ general, technical, or account-based questions. They can be reached via email, telephone, and live chat from Monday to Friday — 8 am to 7 pm (GMT).
ProfitiX is registered in Saint Vincent and the Grenadines, but they are no regulatory information on the broker’s website.
ProfitiX Review Summary
ProfitiX is an online broker that offers a good range of assets for trading on the powerful MT5 platform. They provide clients with some educational materials and daily market analysis, along with flexible account types for various investment sizes and trading strategies.
It is worth mentioning that some of the trading products and services in this ProfitiX review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the ProfitiX broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.