NetProfit Forex Broker

Note: Guide's official website: https://www.net-profit.eu/ is currently inaccessible normally.NetProfit Review SummaryFounded2023Registered Country/RegionUnited KingdomRegulationFCA (Suspicious clone)Market InstrumentsForex, Stocks, Indices, Crypto, CommoditiesDemo Account/LeverageUp to 100:1EUR/USD SpreadFrom 3 pipsTrading PlatformWebMin Deposit$250Customer SupportPhone: +44 208 097 1258Email: support@net-profit.euPhysical Address: 2 Gresham Street, London, EC2V 7BX, England NetProfit is an unregulated broker registered in the United Kingdom, offering trading on Forex, Stocks, Indices, Crypto, and Commodities with leverage up to 100:1.Pros and ConsProsConsVarious market instrumentsSuspicious clone FCA licenseHigh spreadsHigh minimum depositNo MT4/5Is NetProfit Legit? The regulated entity on the regulatory license provided is DMG UK Ltd, but its entity name is NetProfit, which is inconsistent. It is obvious that a fake license is being offered to deceive traders.Regulatory AuthorityFinancial Conduct Authority (FCA)Regulatory StatusSuspicious CloneRegulated byUnited KingdomLicensed InstitutionDMG UK LtdLicensed TypeAppointed Representative (AR)Licensed Number433413What Can I Trade on NetProfit? NetProfit offers various maket instruments including Forex, Stocks, Indices, Crypto, and Commodities.Tradable InstrumentsSupportedForex✔Commodities✔Indices✔Stocks✔Cryptos✔Account TypeAccount TypeMin DepositMax LeverageBeginner$2502x - 20xSilver$5,0002x - 50xGold$10,0002x - 100xPlatinum$50,000+ Higher account tiers generally offer enhanced trading conditions and benefits, but traders should be aware that minimum deposit is relatively high comparing to industry standard ($100), which you should take into consideration of when deciding to trade with the broker or not.Leverage NetProfit offers flexible leverage ratios up to 100:1.ForexStocksCryptoGoldIndices100:1100:110:1100:1100:1Spread and CommissionCurrency PairEUR/USDGBP/USDUSD/JPYSpread3.04.03.0Account TypeCommissionBeginner1% - 2.5%Silver0.5% - 2%GoldPlatinum0.25% - 1.5%Trading Platform NetProfitoffers a basic web-based trading platform. While the platform's intuitive interface is suitable for beginners, it lacks advanced features such as Expert Advisors (EAs). This limitation restricts automated trading strategies, requiring traders to manually place and manage orders.Deposit and Withdrawal NetProfit facilitates deposit payments through Bank transfer, Credit/Debit cards, Cryptocurrencies, and e-wallet payment methods, such as Skrill.Payment MethodMin DepositDeposit TimeWithdrawal TimeFeeBank transfer$2502-5 business days5-10 business days$25+Credit cardInstant24 hours❌Skrill1 hour2%Crypto24 hoursFee depends on crypto