Profit Trade Overview
|Platform||Tradersoft Webtrader, Mobile nd Desktop|
|Minimum account size||$250|
|Minimum lot size||0.01|
|Spread on EUR/USD||3 pips|
|Payment methods||Credit Cards, Bank Wire, some electronic transfers, Bitcoin|
|Accepts Indonesian traders||Yes|
|Regulated||FSA (Saint Vincent and the Grenadines),|
|Support||Phone, E-mail, Live Chat, Whatsapp|
Profit Trade is a brokerage service that was founded in 2019. Based in St. Vincent and the Grenadines, they provide a set of platforms that are targeted for different types of traders.
They offer two platform technologies courtesy of Webtrader of Tradersoft which both have user-friendly interfaces. Both can be used on desktops, iOS and Android mobile devices and even on web browsers. They also offer a demo account so if you’d like to do practice trading then it is possible.
They accept a minimum deposit of $250 which is comparatively lower than its competitors. This is an advantage especially if you have a very low capital to start with.
Minimum Lot Size
They also follow the standard minimum lot size of 0.01 so there is an opportunity to manage the trade risks.
Around 450+ assets can be traded and this is composed of currency pairs and commodities like gold and silver but this might not be ideal for those who are planning to have a more diversified trading portfolio
They have fixed spreads which start from 2 pips. This case was true for the EUR/USD currency pair but for other major pairs, it was a little higher. Overall, these spreads are still good
They say practice makes perfect and although we can’t say that you’ll be able to perfect your trades, the demo account of profit trade will allow you to be prepared for live market trading.
In addition to that…
This free feature will give you ample time to get used to the platform as well as test out your skill without having to put any of your real funds at risk.
What’s great about Profit Trade’s demo account is that you will be able to experience the actual situation of the market and with real quotes.
The only difference is that you’ll be using virtual funds to do these practice trades.
How to open a Profit Trade demo account?
- After completing the registration process, you will be taken to a page with an overview of your account.
- Click on the “New Demo Account” button.
- Choose your preferred demo account type, leverage, virtual balance and your main password.
- After filling-out the details, click on Open account to complete the process.
- You will be provided with an account number which will also serve as your demo account username. Use this detail to log in to your forex demo account.
Typically, the processing of withdrawals may take around an hour on the condition that the request have been submitted within business hours.
Deposit and Withdrawal Methods
Among the banking methods that they accept include Bank Wire, credit cards (Visa and MasterCard), . Basically these are common payment systems.
We were expecting to be able to get immediate customer service since they have a phone, email, live chatsupport but we only got disappointed.
- Tight spreads
- good customer services
- Multiple trading platforms
- not regulated