Profitlevel Forex broker specializes in providing foreign exchange trading services, the company's official website https://profitlevel.com/live-registration-normal/, the company's legitimate regulatory information CyprusCYSECStraight Through Processing (STP), to enhance the security of the company's address 2, Filiou Zannetou, Ground Floor, Office 1, 3021 Limassol Cyprus..
Profitlevel Forex Broker
Basic information
Cyprus
5-10 years Regulated in Cyprus Straight Through Processing (STP) Suspicious Scope of Business High potential riskCompany profile
Note: Profitlevel's official website - https://profitlevel.com is currently inaccessible normally.
Profitlevel Review SummaryProfitlevel, a trading name of BCM Begin Capital Markets CY Limited., is allegedly an STP broker registered in Cyprus that claims to provide its clients with various tradable financial instruments with leverage up to 1:30 and floating spreads from 0.01 pips on the MT5 for Windows and Mac os trading platforms, as well as a choice of six different live account types.
Pros and Cons
| Pros | Cons |
| Regulated by CySEC | Non-functional website |
| Diverse tradable products | Conservative leverage |
| Demo accounts | High minimum deposit requirement |
| Multiple account types | |
| MT5 platform | |
| Popular payment options | |
| No deposit and withdrawal fee |
Is Profitlevel Legit?
Yes. Profitlevel is regulated by the Cyprus Securities and Exchange Commission (CySEC).
| Regulated Country | Regulated Authority | Current Status | Regulated Entity | License Type | License Number |
| The Cyprus Securities and Exchange Commission (CySEC) | Regulated | BCM Begin Capital Markets CY Ltd | Straight Through Processing (STP) | 274/15 |
What Can I Trade on Profitlevel?
| Tradable Instruments | Supported |
| CFDs | ✔ |
| Shares | ✔ |
| Forex | ✔ |
| Indices | ✔ |
| Commodities | ✔ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
| Account Type | Min Deposit |
| Blue | $1,000 |
| Bronze | $50,000 |
| Silver | $100,000 |
| Gold | $350,000 |
| Platinum | $500,000 |
| Diamond | $1,000,000 |
Leverage
Profitlevel says to offer a maximum leverage of 1:30 (varies by instrument), while for physical shares, the maximum leverage is up to 1:1. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Spread and Commission
Profitlevel claims that the typical spread on physical shares starts from 0.01 pips and the commission on which is 0.75%.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | Windows, Mac os | Experienced traders |
| MT4 | ❌ | / | Beginners |
Deposit and Withdrawal
Deposit
| Deposit Option | Min Deposit | Fee | Processing Time |
| Credit/debit cards | $1,000 | ❌ | / |
| Bank Transfer | $1,000 | ❌ | / |
Withdrawal
| Withdrawal Option | Min Withdrawal | Fee | Processing Time |
| Bank Transfer | $0 | ❌ | / |
Rating Index
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Latest Reviews
我的优乐美
Taiwan
In my experience, this broker is unreliable to trade with… it asks insanely high minimum deposit from $1000, not friendly to most regular traders at all! My advice: if you have extra money and time, taking your time to another platform. I’m sure this platform will never give want you want.
Neutral
2022-11-24
BollinguerBand
Portugal
This platform will let you register from Europe and give you a live account and several welcome emails. But after you send the documents they will not approve and give a random excuse. Attached i include the list of the countries that are accepted and my country is there.
Exposure
2020-11-09
#T -
United Kingdom
I was thinking about if I can open an account here. There are so many unregulated brokers on the Internet, but this broker seems to be regulated well. But up to a $1,000 minimum deposit is extremely high for me, I dare not take such a big risk.
Neutral
2022-11-25