Independent Review - Profitix
Introduction and Comments
Headquartered out of St. Vincent and the Grenadines, ProfitiX Ltd. is a financial investment company that offers a wide range of forex and contracts-for-difference trading options.
Cryptocurrencies, stock share, and precious metal trading are supported through the MetaTrader5 (MT5) and WebTrader platform while hundreds of options are traded and leveraged by ambitious and varying skilled traders across the globe.
Trader reviews regarding Profitix’s trading experiences are not favorable while this platform does not render services to consumers who reside within the United States.
Profitix does not disclose information about being regulated or licensed.
Currently, the site supports English, Spanish, and Deutsch.
There are five trading accounts available at Profitix.
Start with a $250 deposit, minimum order size is 0.01 with leverage of 1:400.
Deposit minimum of $2,500, leverage of 1:400, and trade size up to 10.00.
$25,000 minimum deposit while the account is managed more strategically through market analysis techniques.
Experience hedging and diversify your portfolio with a $100,000 minimum trading investment with a Prime Account.
Take advantage of low market price differences, experience hedging, and get negative-balance protection provided through a trading portfolio.
Fees and Costs
Profitix allegedly provides fund segregation, SSL technology while monitoring Level 1 PCI compliance services to reduce risks and authentic data centers.
Supported payment providers include Visa, MasterCard, JCB, American Express, Discover, Western Union, Neteller, Skrill, and MoneyGram.
No reference to account holding fees or commissions can be found.
Profitix supports the MetaTrader5 and WebTrader trading platforms.
Given that MetaTrader5 is compatible with mobile trading, traders can download the MT5 app on their mobile device to gain access to web-browser trading.
Traders using Profitix have access to trade currencies, commodities, shares, precious metals, stocks, and cryptocurrencies.
Traders have access to an economic calendar, a daily news briefing, and a commonly asked question page.
Profitix provides several educational forex trading videos such as the following:
- Why Trade Forex
- When to Trade Forex
- Trading Terminology Or Where Am I Going Long
- How to Trade with Leverage
- What’s a PIP
- How to Place a Trade in Forex
- Types of Forex Orders
- Technical Analysis in Forex
- Fundamental Analysis in Forex
- Types of Forex Charts
- Support and Resistance in Forex
Additionally, there are four Fibonacci trading videos, 13 trading candlestick formation videos, 13 powerful chart formation pattern videos, 10 in-depth forex indicator videos, 2 videos regarding understanding forex timing, 12 MT4 videos, and four comprehensive cryptocurrency tutorial trading videos.
As a whole, Profitix takes educating their traders seriously.
Profitix has a live chat, email email@example.com, and a telephone line + 1 (800) 799-7635 while their support is available Monday through Friday from 8 AM. to 7 P.M. GMT.
Additionally, Profitix can be found of the following social media platforms:
The Bottom Line
Registered through number 24308 BC 2019, ProfitiX LTD. has a registered address of Carnage Bay Canouan Island, VCO450 Kingstown, Sant Vincent & Grenadines and is not regulated by a financial or trading authority.
Providing access to over 100 financial assets, Profitix supports a broad scope trading options, supports automated robot and expert advisor trading through their MetaTrader5-enabled platform, and since their inception in 2019 have modernized their platform to tailor their features similar to industry-leaders.
Both mobile and web trading is supported while traders outside the United States have open access to trade with the Profitix trading platform.
Despite Profitix lacking regulation the information they disclose on their site makes them appear to operate in a similar manner as if they have had already or are in the process of obtain regulation.
Instruments / Contracts