Profit Trade Review – Dash Trading
is Profit trade a cryptocurrency broker or are they a Forex broker offering cryptocurrencies ?
Profit trade is a forex broker offering cryptocurrencies to their traders. you will be able to trade multiple cryptocurrencies on their trading platform
Is Profit trade Trade a scam or not? – We will answer this question honestly in the following broker review. With more than 7 years of experience in online trading, we tested the Profit trade trading platform with real money investments and we will give you an exact tutorial of how it works. Furthermore, we will show you the conditions, functions, and possibility for new traders who want to open an account with this Forex Broker.
What is behind Profit trade? – Company facts
Profit trade operates since 2017 and accepts international traders. The broker’s website belongs Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands, MH96960 and is operated by and is managed by GPS Marketing a Bulgarian company incorporated under company number 204950758.the clearing and Processing is performed by Global Top Marketing LTD.
These companies are fully legal and official registered.
The broker offers cryptocurrency, stocks trading and Forex trading on the multi-functional trading platform. As we can see on their website the broker and platform most consider as being reliable and professional.
The company got a really good track record and more and more traders want to trade on their trading platform. Profit trade grows very fast and is at the moment the most growing online broker worldwide. Because of easy access to the financial markets through the platform Profit trade is very popular. In addition, it is very comfortable to trade there which we will prove in the next sections.
More than 2500 users are trading every day on the platform and the number is rising. With more traders, the payouts and the traders per month are rising too. Overall, Profit trade pays more than 800,000 dollars to its clients each month. As an international broker, traders will get international support in 6 different languages.
English Italian, Russian, Arabic, German and Spanish
In conclusion, Profit trade is one of the most popular online platforms because it is very easy and comfortable to invest in the financial markets. The company got a really good track record and is trusted by many institutions.
How to open your account with Profit trade
To open an account with Profit trade you have to follow the next steps. From our experience, it is very easy
to get access to the trading platform and start trading. This section will explain to you exactly how to do it.
First of all, you have to sign up on the broker’s website or use the registration form below. After you insert your personal details you can get access to the trading platform. Profit trade allows you to use the platform in the free demo account or starting with a real money deposit of 10$. You can trade with real money without a full verification of your account. We recommend doing it first.
After signing up you should fulfill your account details (see the picture below). That means you confirm your email address and phone number. It is important to use your real data because the broker can require different documents for further verification. After you set up your account you can start to trade on the platform.
Open your account step by step:
- Sign up with Profit trade (use the form above)
- Verify your email address
- Verify your phone number
- Complete your account profile
- Start trading
- Important verification process
The verification process only lasts a few minutes. It is very easy to complete the account profile. As mentioned before you need to confirm your email address and phone number. In the picture below, you can see the account dashboard. Profit trade allows you to trade without verification and full profile but we do not recommend doing that.
If you are trading with high order volume or make big transactions the broker can request further documents from you. That can be a photo of your passport or a utility bill. The broker does that to fight money laundering. This is nothing special and a well-known process that is done by 99% of the Forex Brokers.
Free Profit trade demo account for everyone
As a professional broker, Profit trade offers a free and unlimited demo account for its traders. Everyone can use this account there is no need for a deposit of real money. The demo account is a practice account filled up with virtual money. Traders can use the platform without risk and try new strategies or markets to trade. It is a good way to learn more about the software.
The demo account is filled up with 10,000$ and you can change with one click between the demo account and live account. In the picture above you see how you can do it. In addition, the demo account is unlimited. That means you can deposit virtual money on the account if you make a loss for example.
We recommend that every user try out the demo account first. It is very important to get knowledge about the trading platform and the financial products before you deposit real money. The demo account is the best way to improve your trading skills and a useful tool for online trading.
Advantages of the demo account:
- 10,000$ balance
- Free and unlimited
- Switch between real money and demo account with one click
- Fill up the balance by yourself
- Demo account vs. real money trading
- Another point to prove is the order execution. The order execution should be the same in the live account and demo account. As professional traders, we can tell you that there is nearly no difference between the order execution in the demo account and in the live account.
Why you should use the demo account:
- Learn about the trading platform
- Learn how to trade financial products (forex and fixed time trades)
- Develop new trading strategies
- Try out new markets and assets
How to deposit on Profit trade:
To deposit real money on the platform, you can use different payment methods. It always depends on your country of residence which payment methods are accepted. The minimum deposit is only 250$.
The deposits are made instantly to your account balance by electronic methods. In fact, is it quite easy to deposit money on the platform? Choose the payment method first. After that, you come into the next section.
Now you will get the payment notification if the process was successful. Also, you will get an email with the deposit details.
Deposit methods for 250$ minimum deposit:
- Credit Cards
How to do your withdrawal:
For the withdrawal, you can use the same methods as the deposit. It is very easy to make a withdrawal too. Just go into the account dashboard and click on “withdraw”. Most withdrawals are processed within 24 hours. We tested the process and the money was in less than 5 hours into our account. The maximum duration for withdrawal is 3 business days.
Click on “send a request” and Profit trade will process the payment. The minimum limit for withdrawal is 100$ and there are no fees too. In addition, there are no maximum limits for your account.
Profit trade Trading Platform Review
In the next section, we will show you the Profit trade trading platform with all details and functions. The platform is multi-functional and offers a huge range of different markets and assets. The software is available for any device. That means you can trade with your computer, smartphone, or tablet.
From our experience, the platform is easy to use and understand. Within a few minutes, you will know how to trade because all functions are clearly shown in the software.
For further information, Profit trade offers an education center with webinars, strategies, tutorials, and videos. All in all, it is one of the most user-friendly platforms for a trader. Continue reading to get an exact overview of how it works.
Multi-charting is available. You use different indicators and chart types to analyze the market. We will go in more detail later. On the platform, you can find any function with less than 3 clicks. It is a very clear platform and all the functions are available for mobile (App) and desktop.
Advantages of the Olymp Trade software:
- User-friendly and multifunctional
- Easy to understand
- Clear platform
- Available for any device
- A lot of indicators and analysis tools
What can you trade on the platform? – Offers for traders
Traders can trade Forex . Stocks, Indices, CFD’s and cryptocurrencies on the platform. You can invest in these financial products in more than 200 different markets. Currencies, cryptocurrencies, stocks, ETFs, indices are available.
Profit trade assets, Chose any market
The platform works 24/7 but the markets are only active 24/5 except for the crypto. It is possible to trade on the weekend OTC assets or cryptocurrencies. Surprisingly on the platform, you will find a lot of different cryptocurrency assets. Traders can make a huge profit because the volatility is very high in these assets.
In conclusion, if you are searching for short-term or long-term investments then you are completely right on this platform. Profit trade offers the trader any market and financial product which he needs to make a profit.
Offers for traders:
- More than 200 different markets
- Long-term and short-term trades
- Currencies, cryptocurrencies, indices, commodities, stocks, ETFs
- Trading 24/7
Mobile Trading (Profit trade App)
Another important point to check for a reliable online broker is the mobile app. For successful trading is necessary to use the mobile phone sometimes. On the other side, a lot of traders prefer to trade with the smartphone or tablet instead of the computer. We tested the app completely and we will show you our review in this section.
The mobile app of Profit trade is available for Android and Apple (iOS) devices. Also, you can use a tablet for trading. You can install the app within 1 minute by downloading it from the app store. In the picture below you will see a direct screenshot of the app.
Similar to the web version the Profit trade app has the same functions and offers for trading. There are not so many differences between the desktop and the app. You can use the analytic tools, indicators, and chart types for trading.
The advantage of the mobile app is that you get a connection to your portfolio any time you want. You just need your smartphone to get access to over 200 different markets. In addition, the order execution is fast like in the desktop version. All in all, the mobile app is another point why Profit trade is so popular.
Mobile trading is possible:
- The app is available for any device (Android, Apple)
- Fast execution like desktop trading
- Same functions like the desktop version
- Trade 24/7
- Chart types and indicators for analysis
For trading options and forex, technical analysis should be used. On the platform, you can use different chart types and indicators. Profit trade offers a huge range of tools for the analysis. If this is not enough for you you can use fundamental news and analysis which is also provided by Profit trade .
Review of the support for traders
Profit trade offers a chat, email, and phone support. The employees are working 24 hours per week each day. In addition, as an international broker, the support is available in more than 6 languages.
From our experience, the support works very quickly and professionally. If you got any questions you can write a specialist directly through the chat option. VIP traders get a personal account manager which will help you personally. It is nothing special but Profit trade tries to make good contact with its customers.
Conclusion of the Profit trade review: Recommended broker
Our test result and review says that Profit trade is one of the best brokers for trading forex. On this page, we showed you all details and functions of the Forex Broker. Now you got a good overview of the platform and know why you should sign up.
Profit trade offers very good trading conditions for trading forex on their platform. The software is professionally designed and easy to use by beginners and advanced traders.
You can customize the chart for different strategies like you want. Another advantage of the broker is that you can start trading with a small deposit of 250$. A.
In conclusion, Profit trade is not so popular without reason. You get very fast access to the financial markets and you can trade with a very high return of investment on the platform. It is a trusted and recommended broker.
Is Profit trade a regulated broker?
Noit is not regulated by any large regulatory entity
How safe is Profit trade?
Profit trade has been in business for almost 3 years and is held in high regard within the industry. Traders at Profit trade can rest assured that their funds are held safely in segregated accounts at Tier 1 banks.
What trading platforms does Profit trade offer?
Profit trade offers a main trading platform – their proprietary platform.
What Trading Instruments are available at Profit trade ?
You can trade over 50 currency pairs, 200 Stock Indices, 2000 CFDs, Energies, Commodities, ETFs, and 5 cryptocurrencies including Bitcoin.
What is the Commission / Spread structure at Profit trade?
Profit trade offers both fixed and variable spreads. There is no commission on the Basic or Standard account. The Pro account offers the tightest spreads with a STP model.
How many account types does Profit trade have?
You can choose a Demo account or Live Account. For Live Accounts, there are 5 primary account types – the Basic account, the Standard account, the Pro account. The minimum deposit is $ 250 on any of these accounts.
How is customer support at Profit trade?
Customer support is available 24/5 via phone, live chat and email.
Does Profit trade offer Mobile trading?
Yes, Mobile trading is available .
What are some unique features at Profit trade?
Profit trade offers some of the tightest spreads around coupled with speedy execution.
What’s the minimum deposit to open a Live account at Profit trade?
The minimum deposit to open a Live account is $ 250.
What is Profit trade max leverage?
Max leverage at Profit trade is 200:1