Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
General Information & Regulation
PROFIT CINDA, a trading name of PROFIT CINDA LIMITED, is allegedly a multi-asset broker registered in the United Kingdom that claims to provide its clients with various tradable financial instruments with flexible leverage up to 1:400 on the MT4 trading platform, as well as 24/5 customer support service. Here is the home page of this brokers official site:
As for regulation, it has been verified that PROFIT CINDA is a suspicious clone broker. That is why its regulatory status on WikiFX is listed as “Suspected Fake Clone” and receives a relatively low score of 1.22/10. Please be aware of the risk.
Market Instruments
PROFIT CINDA advertises that it offers access to a wide range of trading instruments in financial markets, including forex, commodities, indexes, rare metals and cryptocurrencies.
Leverage
The default is 400 times leverage. You can also choose 30, 50, 100, 200 and 400 leverage. However, according to the regulations, British and Australian brokers have to limit their clients to 1:30, while US brokers cant provide more than 1:50.
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.
Trading Platform Available
The platform available for trading at PROFIT CINDA is one of the most notable and preferred trading platforms the market offers - MetaTrader4 for Windows, Mac, iPhone and Android. This trading terminal is highly praised by traders and brokers alike due to its ease of use and great functionality. The MT4 offers top-notch charting and flexible customization options. It is especially popular for its automated trading bots, a.k.a. Expert Advisors.
Deposit & Withdrawal
The minimum amount of a single deposit at PROFIT CINDA is 1,000 USD. However, it says nothing about the deposit and withdrawal methods.
Customer Support
The only way you can approach PROFIT CINDA is via following their social networks, such as Twitter, Facebook and LinkedIn. However, this broker doesnt disclose other more direct contact information like telephone numbers, emails or the company address that most transparent brokers offer.
Pros & Cons
Frequently Asked Questions (FAQs)
2023-03-06 12:23
2022-12-12 02:14
