Profit-Trade review

Information source:
The source of this information is the website and the broker's trading platform listed in the Web section of this review. The operator of this website does not verify this information and is not responsible for its accuracy, completeness, timeliness, truthfulness or the compliance of a broker with legal regulations. Please verify whether the broker is authorized to provide its services in your country of residence in accordance with the legal regulations that apply to its business.

In this review we compared Profit-Trade with competition based on ⏩ fees, spreads, offer of trading assets and experience of traders.


Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

Basic information from Profit-Trade review

About the broker

Web:profit-trade.com
Readers' rating0 Votes
0
License:
Supported languages:English, German, Spanish, Italian and Russian
Year of foundation:2017
Holder: GPS Marketing LTD and Global Top Marketing LTD
Headquarters:29 Dzavaharal Neru Str Sofia, Bulgaria
Methods of contacting customer support:E-mail, phone, online chat
Contact:support@profit-trade.com compliance@profit-trade.com office@profit-trade.com +44 2036959749
Deposit methods:Bank transfer, credit and debit cards
Withdrawal methods:Bank transfer, credit and debit cards

About trading with Profit-Trade

Minimum deposit:250 USD
Min. trade:0.01
Maximum leverage:

The maximum available leverage can be limited by local financial regulators or by international regulations, in such case, the displayed maximum leverage may not match the leverage you can actually trade with.

For instance, in the European Union, the financial regulator ESMA restricts the maximum available leverage to 1:30 when trading major currency pairs, 1:20 when trading minor pairs and commodities and 1:2 when trading cryptocurrencies. Similar restrictions apply in Australia and possibly in other jurisdictions.

1:100
Spreads:Look at the spread table - spread on the currency pair EUR/USD is 3.0 pips * on a standard account type
Underlying assets:
Might be a CFD.
Forex (47), commodities (11), cryptocurrencies (14)
Account currencies: USD, EUR
Mobile app: Yes
MetaTrader 4:No
Social trading:No

Spreads & fees

Fees of most brokers change relatively often and unfortunately it is not in our possibilities to keep up-to-date information about fees at Profit-Trade, of course you can find current info on their website profit-trade.com.

Spreads at Profit-Trade on standard account*

EUR/USDGBP/USDUSD/JPYEUR/GBPUSD/CHFEUR/JPY
3.02.94.0

* Spread was taken 17.09.2020 at 09:55 from the web or trading platform of Profit-Trade.

Random reviews of competing CFD brokers: AlphaBetaFX, GuardianCapitalAG.asia, Kridex and InstaForex

The broker has not yet been rated by the visitors of the website. Write a review.

Frequently Asked Questions

🧐 Is Profit-Trade a scam?

We highly recommend you to read the user reviews on our website before you start trading with this brokerage company. It will help you to determine if Profit-Trade is a scam or not.

🆓 How to open a free demo account?

Opening a demo account with Profit-Trade is very simple, just register on their website.

📱 Does Profit-Trade offer the best mobile app for trading?

Profit-Trade offers a mobile trading app and you can definitely start trading with it. It is very difficult and subjective to determine if they feature the best mobile platform. However, you are welcome to test it yourself.

We compared some reputable brokers and their mobile trading apps, check out the comparison and be saved from the hassle of testing the Profit-Trade mobile app.

⚖️ Would you recommend me Profit-Trade?

Profit-Trade is one of tens (possibly hundreds) of brokers operating in the European Union, Australia, New Zealand, Great Britain and United States of America, and that's why it makes no sense to choose Profit-Trade as a broker where you trade before you compare it with competitors.

Is this an ad?

We operate our website in full transparency, we recommend reliable brokers with an excellent reputation and we honestly admit to you that we receive commissions for that from these brokers. You can find the mentioned brokers in the table below with a clickable link to their site. You don't pay anything extra, you get a reliable business partner and you help us keep the website up and running. Thank you.

BrokerEnglishMin. depositSpread EUR/USD*PlatformsLicense
Readers' rating138 Votes
80
0 0.9 pips
Spread was taken 17.01.2020 at 21:19 from the web or trading platform of XTB.
In-house built platformFCA CySecxtb.comreview EUR/USD*: 0.9 pips
Spread was taken 17.01.2020 at 21:19 from the web or trading platform of XTB.
Readers' rating96 Votes
79
100 USD 0.8 pips
Spread was taken 15.02.2021 at 09:55 from the web or trading platform of Plus500.
In-house built platformCySecplus500.comreview EUR/USD*: 0.8 pips
Spread was taken 15.02.2021 at 09:55 from the web or trading platform of Plus500.
Readers' rating46 Votes
75
200 USD 1.0 pips
Spread was taken 15.02.2021 at 09:55 from the web or trading platform of Etoro.
In-house built platformFCA CySecetoro.comreview EUR/USD*: 1.0 pips
Spread was taken 15.02.2021 at 09:55 from the web or trading platform of Etoro.

* The spread is variable for most brokers and changes depending on market volatility.


Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

Comparing spreads, fees, trading platforms, regulations and reading dozens of user reviews of all popular FX and CFD brokers is very time-consuming for every trader. That is why we have done all this hard work for you so you could already only start trading with a company that features a quick modern trading platform, a large variety of assets and a quick customer service. From our comparisons, all these criteria are met by IQ Option - 84% of retail CFD accounts lose money - advertising partner.

Selecting an unsuitable broker can put even a great trader at a loss.

That is why it is important to choose the right one. Choosing the right broker often stands between profit and loss. Don't you know how to choose? We have prepared an independent article for you, which will help you with your broker selection. You will get to know, what factors are important to watch out for when you are choosing a forex/CFD broker.

If you have any experience with Profit-Trade, please share it in the comments to help others to choose the suitable broker.

Profit-Trade review & user ratings

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Reliability and reputation are deposits and withdrawals without a problem, does the broker scam people?
Spread and fees
Trading platform, offer of trading assets speed, reliability, functions and user-friendly environment
Customer support speed, availability, availability in the language you speak
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