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Profit Trade
Rating: Rated with 4.5 stars
Binary Option Programs Award
Min. Deposit
$250
Min. Investment
Regulated Broker
No

Profit Trade Broker Review

  1. Profit Trade

    In case you wish to trade with Profit Trade, ensure that you trade through FXMasterBot. By doing so, you will be able to use this free and trusted online trading software that connects you directly to Profit Trade and to all the brokers that are available in your country, so that you can choose the one you prefer.

    Established in 2017, Profit Trade is an unlicensed Forex and crypto broker providing modern, browser-based trading from any internet connected device. Customers get access to multiple global products including cryptocurrency assets, commodities, indices and stocks on user-friendly, cutting-edge trading platforms. Profit Trade supports anonymous crypto deposits to trading accounts as well as traditional currency deposits. The platform is offered in English, Russian, Spanish and German with 24/7 support. Promotional bonuses aimed at boosting investment capital are an attractive feature of Profit Trade.

    Profit Trade Trading Account Types

    Profit Trade provides customers with a choice of six trading accounts, with varying initial deposit requirements and trading benefits. Clients can choose the account that best suits personal trading goals and experience. Notably, irrespective of trading account type, all traders have full access to the Profit Trade desktop WebTrader, and Mobile trading platforms for smart phone and tablet. We saw that trading conditions, for each asset are shown on the dashboard of the Profit Trade website, under the ‘Trading Products’ tab. The bonus terms and conditions are not disclosed on the Profit Trade website. It’s important that customers read the conditions carefully before accepting any bonus offer.

    Profit Trade Educational Classic Account Features

    • Minimum initial deposit $250
    • Aimed at Novice traders
    • Partial access to video tutorials
    • Access to base currencies on the trading platform
    • Fixed spreads
    • Leverage up to 1:100

     

    Profit Trade Standard Account Features

    • Minimum initial deposit $2,500
    • Account manager
    • Partial access to video tutorials
    • Access to small crypto, base currencies, metals and oil CFDs
    • Fixed and floating spreads
    • Leverage up to 1:150

     

    Profit Trade Premium Account Features

    • Minimum initial deposit $20,000
    • Access to all tradeable assets
    • PRIME contracts
    • Account manager
    • Full access to video tutorials
    • Extra bonuses including up to 100% first deposit bonus
    • Fixed or floating spreads
    • Leverage up to 1:200.

     

    Profit Trade VIP Account Features

    • Minimum initial deposit $50,000
    • Account manager
    • Fixed and floating spreads
    • Leverage up to 1:400
    • Extra bonuses with up to 200% deposit bonus
    • Access to all tradeable assets
    • News and signals
    • Prime contracts
    • Full access to video tutorials
    • Referral cash back program
    • Express bank wire transfers

     

    Profit Trade Tailored Account Features

    • Minimum initial deposit discussed with an account manager
    • Fixed and floating spreads
    • Leverage up to 1:400
    • Prime contracts
    • Full access to video tutorials
    • Referral to the cash back program
    • Express bank wire transfers
    • Extra bonuses with up to 200% deposit bonus
    • News and signals
    • Access to social trading platform
    • Telephone trades over the dealer room
    • Invitations to Company VIP events
    • Meetings with other traders

     

    Profit Trade Robot Account Features

    • Full access to desktop, tablet and mobile trader platform
    • Minimum initial deposit of $5,000
    • Fully automated trading
    • Access to the best Profit Trade robots with 50% discount
    • Algorithmic trading support
    • Leverage up to 1:100

     

    Profit Trade WebTrader Platform Features

    The one-click WebTrader platform with Crypto, Forex and CFD trading, is securely accessible from the browser of any PC, Linux or Mac work station, without any software download.

    • User-friendly platform with simple intuitive interface
    • Enables customers to monitor account status and trading desks
    • Major, minor, exotic currency pairs
    • Multiple digital currencies including BTC, LTC, ETH, XRP, BCH
    • CFDs in commodities, indices and stocks
    • Numerous technical indicators and tools
    • Custom indicators and automated trading programs
    • Graphs of various time periods with printing possibility
    • Real time quotes
    • Optional Stop-loss and Take-profit risk management tools
    • Popularity indicator showing market sentiment
    • Charts showing recent market performance of individual assets
    • Access to the Trading Academy from the platform with video tutorials

     

    Profit Trade Mobile Trading Features

    The Profit Trade mobile platform with a full range of trading assets and multiple trading tools is available free for Android and iOS powered phones and tablets (Google Play and Apple app Store). The easy to use mobile platform allows traders to open new trading positions, manage open positions and close positions at any time. Importantly, customers have access to the trading platform and support 24/7.

    Profit Trade Customer Support

    Immediate support is offered to customers over ‘What’s App’, ‘Telegram’ and the live chat help line directly from the Profit Trade interface. A telephone number is also given for the UK, along with several email addresses for the main Profit Trade office, the financial and dealing departments, as well as support and compliance. Moreover, a contact form is available on the contact page and the company’s physical address in the Marshall Islands.

    We consider educational resources to be a valuable way of providing customer support. Profit Trade has an online Trading Academy, with varying video tutorials designed for beginners and advanced traders as well as eBooks and monthly webinars. Online lessons explain trading in digital currencies, Forex and CFDs. Moreover, the ‘Analytics’ content at Profit Trade, lists the trading signals offered on the trading platform for various assets, and includes the latest financial news, updated charts, and an economic calendar listing important upcoming financial events.

    Profit Trade Payment Methods

    Traders registering a live trading account with Profit Trade can choose to deposit in four cryptocurrencies or traditional ‘FIAT’ currencies.

    Cryptocurrency Deposits to Profit Trade

    Profit Trade enables customers in South Africa and elsewhere, to deposit to a live trading account in Bitcoin, Bitcoin Cash, Ethereum and Dash. Notably, the deposit process is anonymous, fast and secure. On the crypto deposits page at Profit Trade, QR codes are shown for each of the four digital currencies, with digital wallet ID numbers indicated beneath them. Importantly, traders must take a screenshot of the transaction ID and send it to the dedicated email address on the crypto deposits page. It’s also possible to contact an account manager with details of the time and amount of the crypto deposit.

    We did not see any information about fees for processing digital currency deposits and withdrawals. Clients who don’t have cryptocurrency assets can buy them on the ‘Crypto Exchange’ powered by AAA Trade. A link to the crypto exchange is given by Profit Trade on the website under ‘Crypto deposits’. Traders in South Africa can access the Crypto Exchange and buy digital currencies easily, for ‘hassle-free’ trading at Profit Trade.

    Deposits in Traditional FIAT Currencies to Profit Trade

    Profit Trade converts all traditional currency deposits to US dollars, the specified base currency of trading accounts. Funding can be done with bank wire transfer, American Express, Visa or Mastercard credit/debit cards, WebMoney, PayPal and other payment methods available locally in South Africa. We were pleased to see that Profit Trade uses 3D Secure for payments made with Visa and protects the platform with 256-bit encryption protocols.

    Customers using credit/debit cards, can deposit a minimum of $250, with a cap of $10,000 per month. However, it’s permitted to use several credit cards for multiple deposits to Profit Trade, as long as the cards are photocopied, and the copies submitted to Profit Trade’s compliance department. We saw that the minimum deposit accepted at Profit Trade by bank wire transfer is £1,500.

    However, the minimum withdrawal to both credit cards and wire transfer is $250 per transaction. Processing of withdrawals takes up to 5 business days and up to 10 days for clients to get their money. Whilst deposits and withdrawals are subject to processing and handling fees, the amount is not published on the Profit Trade website but available in a fee schedule for registered customers only.

    In line with anti-money laundering regulations, customers who do not deposit with cryptocurrency assets, must provide copies of an official identification document and proof of address, immediately after setting up a trading account.

    Profit Trade is owned by GPS Marketing Ltd, incorporated under the number 204950758 in Bulgaria. The company is registered at 28, Dzavaharlal Neru Str, Sofia Municipality, Bulgaria. The Profit Trade website is operated by Global Top Marketing Ltd registered at the Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands, MH96960. Disputes concerning the website terms and conditions of Profit Trade, are within the legal jurisdiction of the Marshall Islands.

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