ProfitsTrade 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 ProfitsTrade 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 ProfitsTrade review

About the broker

Web:profitstrade.com
Readers' rating0 Votes
0
License:
Supported languages:English, German and Russian
Year of foundation:2017
Holder: ProfitsTrade Ltd
Headquarters:7 Old street Roseau DOMINICA
Methods of contacting customer support:E-mail, phone, online chat
Contact:[email protected] +442039667248
Deposit methods:Credit and debit cards, SEPA transfers, wire transfers
Withdrawal methods:Credit and debit cards, SEPA transfers, wire transfers

About trading with ProfitsTrade

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.

1:500
Spreads:Look at the spread table - minimal spread on the currency pair EUR/USD is 0.1 pips * on a standard account type
Underlying assets:
Might be a CFD.
Forex, cryptocurrencies
Account currencies: USD, EUR, GBP
Mobile app: Yes
MetaTrader 4:Yes
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 ProfitsTrade, of course you can find current info on their website profitstrade.com.

Minimal spreads at ProfitsTrade on standard account*

EUR/USDGBP/USDUSD/JPYEUR/GBPUSD/CHFEUR/JPY
0.1

* Spread was taken 17.09.2020 at 09:59 from the web or trading platform of ProfitsTrade.

Random reviews of competing CFD brokers: ACY Securities, ForexOptimum, ExecutiveForex and OliveFX

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

Frequently Asked Questions

🧐 Is ProfitsTrade 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 ProfitsTrade is a scam or not.

🆓 How to open a free demo account?

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

📱 Does ProfitsTrade offer the best mobile app for trading?

ProfitsTrade 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 ProfitsTrade mobile app.

⚖️ Would you recommend me ProfitsTrade?

ProfitsTrade 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 ProfitsTrade 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' rating5 Votes
81
100 EUR 0,8pips
Spread was taken 10.03.2021 at 10:18 from the web or trading platform of Admirals.
MT4, MT5, MT Supreme EditionFCAASIC CySecadmirals.comreviewEUR/USD*: 0,8pips
Spread was taken 10.03.2021 at 10:18 from the web or trading platform of Admirals.
Readers' rating100 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 platformFCAASICCySecplus500.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 platform FCAASICCySecetoro.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 ProfitsTrade, please share it in the comments to help others to choose the suitable broker.

ProfitsTrade review & user ratings

Forum, opinions and user reviews

  1. Victim says:
    0.3
    SCAM COMPANY, THAT'S IT! NO QUESTION ABOUT IT!

    SCAM COMPANY, STAY AWAY.
    THEY STEAL MONEY!
    IF YOU DEPOSIT SAY GOODBYE TO YOUR MONEY!

    Breakdown
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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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