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Rating Index
Pros
Solid regulation under CySEC, providing a level of security for clients.
Wide selection of trading instruments, including over 60 currency pairs and various CFDs.
User-friendly trading platform, specifically MetaTrader 4, which is popular among traders.
Cons
High spreads that may be unappealing to small investors or beginners.
Confusion regarding the ownership of the trading platform, as it appears to be provided by another broker.
Limited cryptocurrency trading options, which could restrict potential investment opportunities.
Profitlevel broker Accounts
ProfitLevel Account Types
ProfitLevel offers six different types of trading accounts, each catering to various levels of investment and providing distinct features:
- Blue Investor Account
- Minimum Deposit: $1,000
- Features: Telephone instructions, no withdrawal fees.
- Bronze Investor Account
- Minimum Deposit: $50,000
- Features: Support five days a week, telephone instructions, no withdrawal fees, and access to Autochartist.
- Silver Investor Account
- Minimum Deposit: $100,000
- Features: Support five days a week, telephone instructions, no withdrawal fees, access to Autochartist, and invitations to exclusive financial market events.
- Gold Investor Account
- Minimum Deposit: $350,000
- Features: Support five days a week, telephone instructions, no withdrawal fees, access to Autochartist, invitations to exclusive financial market events, and access to exclusive market analyses.
- Platinum Investor Account
- Minimum Deposit: $500,000
- Features: Support five days a week, telephone instructions, no withdrawal fees, access to Autochartist, invitations to exclusive financial market events, access to exclusive market analyses, and one of the lowest spreads.
- Diamond Investor Account
- Minimum Deposit: $1,000,000
- Features: Support five days a week, telephone instructions, no withdrawal fees, access to Autochartist, invitations to exclusive financial market events, access to exclusive market analyses, lowest spreads, and a premium relationship manager.
- Visit the Website: Go to ProfitLevel's official site.
- Select Account Type: Choose the account type that suits your investment level and goals.
- Fill Out Registration Form: Provide personal information such as your name, email, and phone number.
- Verify Identity: You will need to submit identification documents, such as a passport or driver's license, along with proof of residence.
- Deposit Funds: The minimum initial deposit varies by account type, starting from $1,000 for the Blue Investor Account.
- Complete Verification: Ensure all documents are submitted for verification. The account will be activated once the verification is complete.
- Start Trading: After your account is funded and activated, you can begin trading using the MetaTrader 5 platform.
ProfitLevel Broker Account Opening Process
To open an account with ProfitLevel, follow these steps:
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