ProfitsTrade is a broker company that was created to help people to formulate their financial strategy, gain profit and provide some indication of the trading world. The company offers such products as Forex Trading, commodities, indices, CDFs and ETFs, cryptocurrencies and stocks. To see more products, find and visit the company’s Products page.
The trading platform is available for any computer or mobile device. By using it, you will have access to all ProfitsTrade resources anytime and anywhere. You will be surprised how trading can be simple.
What is ProfitsTrade?: Pros and cons
Profits Trade is a leading online finance market brokerage where traders around the globe can trade Forex, stocks, cryptocurrencies, commodities, and indices. The advantages of this company are:
- The broker proffers a comprehensive trading environment that allows both newbies and experienced traders to get access to a wide range of Forex broker services, functions, and tools.
- The Forex broker provides educational finance content in plain language. It also has the necessary content and the Glossary to help new traders understand the terms used in financial markets.
- Profits Trade review shows that this is a great broker because it allows traders to trade using their mobile devices. The Forex Trading mobile app is available for owners of iOS and Android devices.
- The user interface is simple and easy for both beginners and experienced traders to navigate this trading platform.
- The disadvantage of Forex Trading and other platforms is:
- Investing in any market bears a risk of loss. Though the risk is low, the trader must understand that such things happen. As the saying goes, “Nothing ventured, nothing gained.”
ProfitsTrade Review Part I : Is ProfitsTrade legit ?
ProfitsTrade is a legal broker for trading in financial markets. ProfitsTrade has made everything disclosed to its clients, including the risks connected with Forex Trading, stocks, commodities, indices, and cryptocurrencies. According to Forex Trading reviews, the platform also provides a wide range of other training materials to make every trader understand what he or she is doing before entering the Forex market.
Profits Trade is a legit trading platform, though the traders should understand that there is no guarantee of a return when investing in the Forex market since profits are obtained based on the results of an individual. This means that you should take the time to understand the risks associated with Forex Trading. You should practice to make a profit and reduce the risks using the services of this reliable broker.
Profits Trade Regulation
ProfitsTrade is a strictly regulated trading platform for financial markets, including Forex broker. It has made several regulatory efforts to ensure that trade deals are fair and that the funds of the customer are safe.
ProfitsTrade review indicates that the company strictly follows the anti-money laundering (AML) and Know your customer (KYC) rules. According to the Forex review, the company effectuates the rules and procedures to comply with AML standards. It’s made to avoid any illegal activities, such as financial fraud on its platforms.
ProfitsTrade Review Part II : The basic of trading platform:
By becoming a ProfitsTrade trader you will get multiple tools to trade successfully on the Forex market and other financial platforms, advanced analytics and full support when trading online. To start trading with Profits Trade is easy:
- Register
Provide your personal details, email, and a click to the “Sign Me Up” button. Enter your account and make your first deposit to start trading online.
- Take advantage of this platform
Test your demo account. Understand how the Forex platform works and how to invest without risking your money.
- Start earning and investing
Choose which market you want to concentrate on and use your deposit to start trading online.
Dealing Spreads
The company which deals with the Forex platform, in particular, offers both fixed and floating spreads. The spread is the difference between the purchase and sale prices and it is calculated in pips. Fixed spreads are not changed with the time or as a result of general market fluctuations and volatility. Floating spreads are constantly changing between Ask and Bid prices.
Currency Pairs
As the Profits Trade review shows, the most commonly traded currency is U.S. Dollars (USD). Great Britain Pounds (GBP) and the European Union Euro (EUR) are also commonly traded. Other less commonly traded pairs include all other national currencies. Before you start Forex Trading, talk with the professionals to understand why trading in Forex pairs is the best strategy for you.
Commissions and Fees
The commission is the fee paid to a broker company for the service rendered in facilitating transactions.
Profits Trade has several commissions that are charged to traders. There is a fee for an inactive account – it is charged from accounts that are inactive for more than 30 days. ProfitsTrade also charges a commission for cashing out. After the withdrawal fee processing were performed, the commissions are deducted from the transferred withdrawn amount.
Order Type
It’s important to understand how to choose the best order type for your online Forex Trading strategy.
- A market order is made immediately as soon as it was placed. It is priced using the current spot, or market price. A market order immediately becomes an open position and susceptible to market fluctuations.
- Limit order is a buy or sell order with certain demands included in the original trading instructions.
- A take-profit order automatically closes an open order when the exchange rate reaches a threshold level.
- A stop-loss order is used as a means of protection against further losses.
- A trailing stop order is used to restrict losses and avoid margin closeouts.
Commissions and Fees
As ProfitsTrade review says, the company charges a fee for an inactive account (an account that is inactive for a month or more) and a commission for withdrawals.
Free Demo
You can use a Forex demo account to understand how the platform works. The Forex demo account is free of charge and it’s created to help users understand and master the options available on the online Forex Trading platform. If you are a new forex trader, it’s better to test a demo trading before spending real money.
Bonuses
The bonuses offered by ProfitsTrade vary depending on the selected account type.
- The silver account holder will get a 20% bonus ($50), 2 Forex signals and 1 educational session for free.
- Gold Account owner will receive a 30% bonus ($150), 4 Forex signals, 2 free educational sessions.
- Platinum Account will get a 40% bonus ($400), 8 trading signals and 3 free educational sessions.
So, as the review shows, ProfitsTrade offers the best tools and bonuses for you to start your own trading business. Profits Trade is the company you can trust; its goal is to help you to become the best fx trader you can be.
ProfitsTrade Review Part III : Deposit and withdrawal
According to Forex Trading reviews, you won’t have problems when depositing money in your Profits trade account. After you create your Profits Trade Forex Trading account, choose the bank account and link it to the trading platform’s account. Log in and deposit any sum you want to use for trading. The withdrawal procedure is also simple. Just apply the withdrawal option on your account’s page and get the money via the bank transfer within 5-10 days.
If you have any questions, you can always contact the technical support specialists. They are always ready to help you and provide you with professional advice.
Customer Support
The platform offers its users 24/7 technical support available in many languages. The company’s specialists reply quickly and they are always ready to help you and explain the things that are unclear to you. If you have any problems with the account’s access or you want to get more detailed information about deposit/withdrawal functions and so on, don’t feel shy to contact the company’s technical support team.
Verdict on ProfitsTrade
As ProfitsTrade review shows, it is a unique broker because it allows traders to trade both online and via their mobile gadgets. Traders can also trade a wide range of assets, including Forex, stocks, commodities, cryptocurrency, and indices. With mobile trading, you will never miss out on trading opportunities and will be able to trade on the move.
In addition to this, ProfitsTrade offers its users an extensive catalog of educational materials to help both newbies and experienced traders navigate the financial markets. The company offers a wide range of educational resources and great charting and analysis tools that also help traders.
A large number of technical indicators and tools are obtainable to help traders take advantage of the market.
Customer support works great. It’s available via email, phone, or live chat. The support team is responsive, professional, and always ready to help.
So, the platform is really helpful for new and experienced traders.
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ProfitsTrade Review 