Profit Trading Forex Broker keeps up-to-date with the latest trading account information, including STARTER, PROFESSIONAL, BUSINESS, ENTERPRISE maximum leverage of --, trading varieties, and more
Rating Index
Pros
Some users may find the variety of account types appealing, offering options for different trading preferences.
The broker claims to offer a range of trading instruments, including forex, CFDs, and cryptocurrencies, which can attract diverse traders.
The minimum deposit requirement is relatively low, making it accessible for new traders who want to start with a smaller investment.
Cons
Profit Trade is unregulated, which raises significant concerns about the safety and security of client funds.
The proprietary trading platform lacks essential features and analytics, making it less user-friendly compared to more established platforms like MetaTrader 4 or 5.
Numerous complaints from users indicate issues with withdrawals and customer service, suggesting a lack of support and reliability.
Profit Trading broker Accounts
STARTER
PROFESSIONAL
BUSINESS
ENTERPRISE
Profit Group Account Types
Profit Group offers various types of trading accounts to cater to the diverse needs of traders. Here are the main account types available:
- Mini Account
- Minimum Deposit: $50
- Number of Currency Pairs: 20
- Minimum Spread on EUR/USD: 2 pips
- Trading Platforms: Supports MT4 and MT5 across multiple devices (iPhone, Android, Windows).
- Leverage: 1:100
- Scalping: Allowed
- Minimum Order Size: 0.01 lots
- Classic Account
- Minimum Deposit: $100
- Spread Type: Floating
- Features: Offers a variety of trading instruments and allows for advanced trading strategies.
- Standard Account
- Minimum Deposit: $500
- Spread Type: Fixed
- Features: Suitable for more experienced traders seeking stable trading conditions.
- ECN Account
- Minimum Deposit: $1,000
- Spread Type: Raw spread
- Features: Direct market access with low latency, ideal for high-frequency trading strategies.
Visit the Website: Go to the Profit Group website and navigate to the account registration section.
Fill Out the Application Form: Provide the necessary personal information, including:
- Name
- Address
- Date of Birth
- Employment Details
- Contact Information
Select Account Type: Choose the type of trading account you wish to open (Mini, Classic, Standard, or ECN).
Identity Verification: Submit any required documents for identity verification, such as a government-issued ID and a utility bill to verify your address.
Fund Your Account: Once your application is approved, you can fund your account using various methods, including bank transfers, credit cards, or e-wallets.
Start Trading: After funding your account, you can log in to the trading platform and begin your trading activities.
Profit Group Broker Account Opening Process
Opening an account with Profit Group is a straightforward process that typically involves the following steps:
By following these steps, traders can quickly set up their accounts and start their trading journey with Profit Group.
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