ProfitiX Review and Tutorial 2021

ProfitiX is a seaward representative contribution well known exchanging vehicles, including CFDs, forex, and cryptos. The MetaTrader 5 work area and the versatile exchanging stage are offered to all clients. Our survey covers the advantages and disadvantages of opening a record with the representative, from the login interaction and expenses to trust and straightforwardness.

ProfitiX Headlines

Set up in 2019, ProfitiX has a base camp in Saint Vincent and the Grenadines. Specialists enrolled here as a rule work outside of any regarded monetary guidelines. In that capacity, we do have some trust worries with this supplier.

The organization has developed to acknowledge merchants from most nations on the planet, aside from the United States.

MetaTrader 5

ProfitiX gives its customers admittance to the business driving MetaTrader 5 (MT5) stage. Albeit custom fitted towards experienced dealers, instructive assets and preparing guides can be found on the merchant’s site to help new brokers.

MT5 highlights include:

• 21-time frames
• Strategy testing
• One-click trading
• Live headline news
• Price notifications and stop out alerts
• Historical data and charts on a range of markets

Note, MetaTrader 5 is available through web trader, work area download, and versatile applications.

Assets

ProfitiX offers more than 10,000 business sectors to exchange, including 100+ forex sets, 30+ lists, items, offers, and cryptos. Clients can purchase and sell mainstream valuable metals like gold and silver, just as softs and grains. Cryptos can be exchanged against setting up fiat monetary forms, and Bitcoin Gold is likewise advertised. Merchants can take positions on the most significant stock records from around the world.

Trading Fees

The representative charges zero commission on all Mini and Advanced record instruments and variable spreads from 3 pips. As you climb the record levels, you advantage from fixed spreads; however, the agent isn’t straightforward about spreads on significant business sectors, making it hard to contrast ProfitiX and set up suppliers.

Likewise, forthcoming dealers ought to know about hidden expenses recorded in the agreements, including dormancy punishments and charges should your record surplus dip under $100. This is a genuine disadvantage and valuable as a primary concern before opening a live record.

Leverage

Influence levels rely upon your record type, and hazard hunger yet can reach 1:400. This is genuinely high, and we’d suggest alert, particularly for new merchants. Planned clients ought to know that while influence can intensify returns, it can likewise expand everyday misfortunes.

Mobile App

ProfitiX offers versatile exchanges on the entirety of its records through the MetaTrader 5 portable application, which is accessible to download to Android and iOS gadgets. An incredible internet exchanging application, customers can utilize a scope of drawing and investigation apparatuses. A live news channel, moment stores, and hazard devices are additionally accessible. Inherent help likewise makes it a proper application for amateurs.

Deposits & Withdrawals

ProfitiX isn’t straightforward about its preparing times. However, most store techniques are typically moment, while withdrawals can require a few days. The base store is $250, yet the representative doesn’t give insights regarding any handling expenses. Once more, this is a worry as most believed suppliers are open about any installment charges.

Head to the “store reserves” area on the login page, where a few installment strategies are accessible:

• Visa
• Skrill
• Neteller
• Mastercard
• MoneyGram
• Western Union

Demo Account

ProfitiX doesn’t offer a demo record to imminent merchants. This is a genuine weakness with a base store of $250 as different contenders provide a free demo account administration or lower least stores. New clients have no chance of investigating the stage and items without putting away genuine cash.

Bonuses

At the hour of composing, ProfitiX doesn’t offer any store rewards or advancements. This might change, so we would encourage checking the dealer’s site before opening a record.

Regulation

ProfitiX Ltd is enrolled with the Financial Services Authority of Saint Vincent and the Grenadines. Dealers registered here are unregulated and don’t need to maintain similar standards as suppliers holding CySEC or FCA licenses, for instance. Thus, we would not suggest pursuing a ProfitiX account. The absence of straightforwardness and administrative oversight are not kidding warnings.

Additional Features

ProfitiX offers a few components to develop the exchanging experience further. Clients benefits from daily news, a worldwide monetary schedule, and the scope of instructive recordings. These are valuable assets for fledglings and those searching for help when moving toward the economic business sectors. The only disadvantage is that a few assets are just accessible whenever you’ve opened a record and begun exchanging.

ProfitiX Accounts

There are 5 record types accessible at ProfitiX. They all accompany admittance to the instruction place, value cautions, and the MT5 stage. The base store increments, so get to extra elements, subtleties of which can be found on the representative’s site. Higher record levels also advantage from fixed, low spreads; however, these subtleties are not shared.

• Mini – Minimum deposit $250
• Advanced – Minimum deposit $2,500
• Executive – Minimum deposit $25,000
• Prime – Minimum deposit $100,000
• VIP – Minimum deposit not specified but aimed at high net-worth individuals

Benefits

• MetaTrader 5 desktop & mobile
• Wide range of trading instruments
• Multiple deposit and withdrawal options
• Decent range of educational videos and news resources

Drawbacks

• No demo account
• Unregulated broker
• Unreliable customer support
• Lack of information around fees and spreads
• Negative reviews with claims that ProfitiX has scammed users

Trading Hours

ProfitiX keeps standard exchanging hours: 24 hours per day, 5 days seven days, successful Monday to Friday. Trading hours follow territorial business sectors, and you can counsel the specialist’s site to break down opening occasions in explicit business sectors.

Customer Support

ProfitiX offers client care utilizing:

• Contact number – +18007997635
• Email address – helpdesk@profitix.com
• Inquiry form – found on the contact support page
• Live chat – found on the bottom right-hand side of the webpage

While a respectable number of help alternatives, we discovered help was restricted. It was hard to interface with guides, and when we did, item information was essential.

Security

Unregulated merchants like ProfitiX offer restricted security affirmations and are under no commitment to maintain discount arrangements. The dealer does, notwithstanding, give some degree of asset assurance by utilizing confided in financial affiliations. Luckily, the MetaTrader 5 stage likewise accompanies premium security highlights, including 128-bit encryption and 2FA conventions.

ProfitiX Verdict

ProfitiX offers clear exchanging available driving MT5 stage. In any case, while accessible to customers from most nations, we do have trick concerns given the negative client surveys and absence of administrative oversight. The restricted data on spreads and charges are additional concerns. Accordingly, we would not suggest pursuing a live exchanging account. Think about confided in other options.

Accepted Countries

ProfitiX accepts traders from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar, and most other countries.

Traders can not use ProfitiX from the United States.

Alternatives to ProfitiX

In case you are searching for options in contrast to ProfitiX, we have gathered a rundown of the best 5 intermediaries like ProfitiX underneath. This rundown of merchants like ProfitiX is arranged by likeness and incorporates organizations that acknowledge brokers from your area.

1. OctaFX – OctaFX offers multi-asset trading on a range of platforms and mobile solutions.
2. FBS – FBS is a top online broker offering MT4 & MT5 trading across a range of instruments.
3. FP Markets – FP Markets is a multi-asset broker offering a choice of trading platforms.
4. LegacyFX – LegacyFX is a multi-asset broker offering an MT5 download & free signals.
5. RoboForex – RoboForex is a multi-asset online broker offering powerful trading aides.

FAQ

Does ProfitiX offer a demo account?

At the hour of composing, ProfitiX doesn’t offer a demo account. This is a genuine disgrace as it implies new merchants have no chance of testing the intermediary’s items and stage before putting away cash.

What is the minimum deposit to open an account with ProfitiX?

The base store to open a Mini record is $250. Store prerequisites move as you climb the record levels, with the Prime form requiring a $100,000 starting installment.

Is ProfitiX regulated?

No, ProfitiX is enrolled in Saint Vincent and the Grenadines yet doesn’t hold a permit with a setup controller like the CySEC. Thus, we would suggest an alert.

Is ProfitiX available on mobile?

Indeed, ProfitiX utilizes the MetaTrader 5 stage, which is accessible on both Android and iOS gadgets. The MT5 versatile arrangement is a brilliant retail exchanging application.

What countries does ProfitiX accept traders from?

ProfitiX acknowledges brokers from most nations, including Singapore and Hong Kong. Customers from the United States are not recognized.