ProfitLevel 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 ProfitLevel 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 ProfitLevel review

About the broker

Web:profitlevel.com
Readers' rating421 Votes
77
License:
Supported languages:Czech, English, Polish, Hungarian and Slovak
Year of foundation:2017
Holder: BCM Begin Capital Markets CY Ltd
Headquarters:182, Ayias Fylaxeos, Kofteros Business Center, Office 103, 3083 Limassol, Cyprus
Methods of contacting customer support:E-mail, phone, online chat
Contact:info@profitlevel.com +357 25 123 307
Deposit methods:Bank transfer, credit and debit cards, Skrill, Neteller
Withdrawal methods:Bank transfer, credit and debit cards, Skrill, Neteller

About trading with ProfitLevel

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.

1:200
Spreads:Look at the spread table - spread on the currency pair EUR/USD is 2.5 pips * on a standard account type
Underlying assets:
Might be a CFD.
Forex (60)
Base currencies: USD, EUR & More
Mobile app: Yes
MetaTrader 4:Yes
Other trading platforms:MT5
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 ProfitLevel, of course you can find current info on their website profitlevel.com.

Spreads at ProfitLevel on standard account*

EUR/USDGBP/USDUSD/JPYEUR/GBPUSD/CHFEUR/JPY
2.53.03.0

* Spread was taken 17.09.2020 at 10:10 from the web or trading platform of ProfitLevel.

Random reviews of competing CFD brokers: Esplanade-MS, FXVC, PaxForex and SiiFX

Leave A Review
Reliability and reputation are deposits and withdrawals without a problem, does the broker scam people?
73
Spread and fees
63
Trading platform, offer of trading assets speed, reliability, functions and user-friendly environment
73
Customer support speed, availability, availability in the language you speak
73
Based on 32
87
Average rating from reader reviews

Frequently Asked Questions

🧐 Is ProfitLevel 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 ProfitLevel is a scam or not.

🆓 How to open a free demo account?

Opening a demo account with ProfitLevel is very simple, just register on their website.

📱 Does ProfitLevel offer the best mobile app for trading?

ProfitLevel 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 ProfitLevel mobile app.

⚖️ Would you recommend me ProfitLevel?

ProfitLevel 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 ProfitLevel 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' rating748 Votes
83
100 USD 1.0 pips
Spread was taken 22.03.2024 at 11:12 from the web or trading platform of Etoro.
In-house built platform FCAASICCySecetoro.comreview  EUR/USD*: 1.0 pips
Spread was taken 22.03.2024 at 11:12 from the web or trading platform of Etoro.
76% of retail investor accounts lose money when trading CFDs with this provider
Readers' rating768 Votes
86
0 0.9 pips
Spread was taken 22.03.2024 at 11:12 from the web or trading platform of XTB.
In-house built platformFCA CySecxtb.comreview EUR/USD*: 0.9 pips
Spread was taken 22.03.2024 at 11:12 from the web or trading platform of XTB.
Readers' rating475 Votes
79
100 USD 0.8 pips
Spread was taken 22.03.2024 at 11:12 from the web or trading platform of Plus500.
In-house built CFD platformFCAASICCySecplus500.comreview EUR/USD*: 0.8 pips
Spread was taken 22.03.2024 at 11:12 from the web or trading platform of Plus500.

* 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 Etoro 76% of retail investor accounts lose money when trading CFDs with this provider - 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 ProfitLevel, please share it in the comments to help others to choose the suitable broker.

ProfitLevel review & user ratings

Forum, opinions and user reviews

  1. Yana says:
    96.8

    I have been working with this broker for a long time and therefore I recommend him with confidence! Fast execution of orders, excellent support services, trading conditions are fully justified. In a word, the broker fully fulfills what he promises, and this is the most important thing.

    Breakdown
    Leave A Review

    Reliability and reputation are deposits and withdrawals without a problem, does the broker scam people?
    97
    Spread and fees
    97
    Trading platform, offer of trading assets speed, reliability, functions and user-friendly environment
    96
    Customer support speed, availability, availability in the language you speak
    97
    4
    0
  2. Focusor says:
    93.8

    everything works well for me, easy registration and hassle-free deposit time has proven the functionality and competence of this broker

    Breakdown
    Leave A Review

    Reliability and reputation are deposits and withdrawals without a problem, does the broker scam people?
    95
    Spread and fees
    90
    Trading platform, offer of trading assets speed, reliability, functions and user-friendly environment
    95
    Customer support speed, availability, availability in the language you speak
    95
    2
    0
  3. Bryan says:
    95

    Nice professional service. Execution is smooth and predictable. The platform is easy to use. Most importantly, they are reliable as this broker is regulated in several different jurisdictions.

    Breakdown
    Leave A Review

    Reliability and reputation are deposits and withdrawals without a problem, does the broker scam people?
    99
    Spread and fees
    85
    Trading platform, offer of trading assets speed, reliability, functions and user-friendly environment
    99
    Customer support speed, availability, availability in the language you speak
    99
    2
    0
  4. Absolon says:

    Customer service at a great level. I have never had any problems with withdrawing money or anything else.

  5. Conde says:
    98.8

    Easy registration , spread a little worse. My portfolio is holding up so far. MT5 platform suits. I like good support and the options to choose trading strategies

    Breakdown
    Leave A Review

    Reliability and reputation are deposits and withdrawals without a problem, does the broker scam people?
    100
    Spread and fees
    95
    Trading platform, offer of trading assets speed, reliability, functions and user-friendly environment
    100
    Customer support speed, availability, availability in the language you speak
    100
    4
    0

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Reliability and reputation are deposits and withdrawals without a problem, does the broker scam people?
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Customer support speed, availability, availability in the language you speak
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