Operating from Roseau, Dominica, ProfitsTrade is a retail trading broker that provides traders with a proprietary trading platform that is available in the web version. The broker enables traders to trade more than 250 financial markets across different asset classes, including forex, indices, commodities, cryptocurrencies, stocks, and CFDs. They provide clients with educational resources, trading tools, and a customer support team. There are various trading account options with the following features: tight spreads, flexible leverage, a minimum deposit of $250, and more.
ProfitsTrade Review Introduction
In this ProfitsTrade 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 ProfitsTrade.
ProfitsTrade Platforms & Tools
The broker provides traders with an intuitive trading platform that is developed in-house by their tech experts for trading the available financial instruments with ease. The platform is a web-based type, so it can be accessed directly from any modern web browser, such as Chrome, Safari, Firefox, and Edge.
Apart from the tools built into the trading platform, the broker makes available a selection of various useful trading tools on its website. Some of these tools include risk management tools, analytical tools, trading signals, cryptocurrency market widget, and the heat map that presents traders with a graphical representation of relative strengths and weaknesses of current market trends.
ProfitsTrade Research & Education
The broker provides traders with a good selection of learning materials that help to improve their trading knowledge whilst keeping them up to date with the factors that affect the financial markets. Some of these resources include learning articles, glossary, market news, and an FAQ section that answers some of the most common questions that traders may have.
ProfitsTrade Trading Accounts
ProfitsTrade offers a choice of five unique trading account options, and they include Bronze ($250), Silver ($500), Gold ($1,000), Premium ($10,000), and Islamic ($5) accounts. They are denominated in USD and offer access to the various educational materials and trading tools.
ProfitsTrade Account Funding
ProfitsTrade processes traders’ account deposit and withdrawal requests using various payment methods, including bank wire transfers, SEPA transfers, electronic payment gateways, and more.
Some payment methods may not be available in some countries, while the transaction processing time may vary, depending on the payment method in use.
ProfitsTrade Customer Service
The broker provides traders with a customer support team that is polite and prompt in response. They are available 24/7 and can be contacted through telephone, email, online form, and Live Chat.
ProfitsTrade is owned and operated by ProfitsTrade Limited with the registration number —2020/BC00017. There is no regulatory information on the broker’s website at the moment. Many traders may not want to trade with an unregulated broker as the safety of their invested funds is not guaranteed.
ProfitsTrade Review Summary
Overall, ProfitsTrade is an online forex and CFD broker that is based in Dominica, providing traders with unhindered access to the global financial markets using a web-based trading platform. They provide traders with a selection of trading and learning tools and also offer a customer support team to assist them. There are multiple trading account options to choose from. But the broker is not regulated by any financial authority at present.
It is worth mentioning that some of the trading products and services in this ProfitsTrade 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 ProfitsTrade 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.