Company profile
Note: Profitlevel's official website - https://profitlevel.com is currently inaccessible normally.Profitlevel Review SummaryFounded2015Registered Country/RegionCyprusRegulationCySECMarket InstrumentsCFDs on shares, forex, indices, commoditiesDemo Account✅LeverageUp to 1:30SpreadFrom 0.01 pipsTrading PlatformMT5Min Deposit$1,000Customer SupportContact formTel: +357 25-123-307Fax: +357 25 030 026Email: support@profitlevel.com, info@profitlevel.comTwitter, InstagramAddress: 2, Filiou Zannetou, Ground Floor, Office 1, 3021 Limassol Cyprus Profitlevel, 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 ConsPros Cons Regulated by CySECNon-functional websiteDiverse tradable productsConservative leverageDemo accountsHigh minimum deposit requirementMultiple account typesMT5 platformPopular payment optionsNo deposit and withdrawal feeIs Profitlevel Legit? Yes. Profitlevel is regulated by the Cyprus Securities and Exchange Commission (CySEC).Regulated CountryRegulated AuthorityCurrent StatusRegulated EntityLicense TypeLicense NumberThe Cyprus Securities and Exchange Commission (CySEC)RegulatedBCM Begin Capital Markets CY LtdStraight Through Processing (STP)274/15What Can I Trade on Profitlevel?Tradable Instruments Supported CFDs✔Shares✔Forex✔Indices✔Commodities✔Cryptocurrencies❌Bonds❌Options❌ETFs❌Account TypeAccount TypeMin DepositBlue$1,000Bronze$50,000Silver$100,000Gold$350,000Platinum$500,000Diamond$1,000,000Leverage 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 PlatformTrading PlatformSupported Available Devices Suitable for MT5✔Windows, Mac osExperienced tradersMT4❌/BeginnersDeposit and Withdrawal DepositDeposit OptionMin DepositFeeProcessing Time Credit/debit cards$1,000❌/Bank Transfer$1,000❌/ WithdrawalWithdrawal OptionMin Withdrawal FeeProcessing Time Bank Transfer$0❌/
#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