Profit Trade
Profit Trade has been providing its financial services to clients since 2017. The broker claims that every client is entitled to VIP service, regardless of the amount of investment. The company pays attention to innovative technologies and development in close cooperation with its clients. Information about the company’s business idea and activities is limited on the official website. There is no mention of regulators and regulatory documents. The website is available in 4 languages, including Russian.
To contact customer support, you can use the email and phone number provided on the website. There is also the option of feedback with company representatives.
Trading Conditions at Profit Trade
Profit Trade offers various tariffs for potential clients:
- Education, initial deposit – $250. Designed for beginners in trading, includes various educational materials, fixed spreads, and major currencies.
- Standard, requires a deposit of $2,500. Novice traders can use spreads (fixed, floating) and receive assistance from a personal manager.
- Premium, with a minimum deposit of $20,000. Includes everything mentioned above plus full access to trading assets and tools, as well as bonuses of up to 100% of the deposit amount.
- VIP, deposit from $50,000. Includes all previous benefits plus additional advantages, such as trading signals and bonuses of up to 200% of the deposit.
- Tailored, with no known threshold. Includes all VIP privileges, plus participation in the company’s life and social trading.
- Robot, deposit from $5,000. Allows trading with robots and creating custom trading strategies.
Profit Trade offers leverage from 1:1 to 1:4. Regardless of the chosen tariff, clients can use mobile/tablet and desktop platforms for trading.
The company offers various educational materials for learning, such as books, glossaries, and video lessons. The main trading assets include Forex, stock indices, shares of well-known companies, and commodities.
Depositing and Withdrawing Funds at Profit Trade
The company supports payment systems MasterCard, Visa, Barclays for depositing and withdrawing funds. To withdraw funds, verification is required, including providing a scan of the passport and credit card, TIN, and a utility bill. Withdrawals are made using the same method as deposits, following the anti-money laundering policy. The company does not disclose information about withdrawal timeframes and fees.
In Conclusion
Profit Trade does not have a license to conduct financial activities, so caution is advised when choosing a broker. In case of issues with this company, traders may find it difficult to protect their rights. However, regardless of experience, it is always important to remember the risks of financial activities and consult with a specialist before investing.
My experience with Profit Trade was abysmally disappointing. Not only was their customer service unresponsive and unprofessional, their hidden fees were beyond frustrating. I was not informed about these charges until after they were already deducted from my account. The lack of transparency in their dealings left a bad taste. Also, I had a tough time trying to withdraw my funds which was further aggravated by zero help from their supposed ‘support team’. I can safely say that I would never recommend Profit Trade to anyone for their brokerage needs.