WikiFX, as an independent third-party information service platform, is dedicated to providing users with comprehensive and objective broker regulatory information services. WikiFX does not directly engage in any forex trading activities, nor does it offer any form of trading channel recommendations or investment advice. The ratings and evaluations of brokers by WikiFX are based on publicly available objective information and take into account the regulatory policy differences of various countries and regions. Broker ratings and evaluations are the core products of WikiFX, and we firmly oppose any commercial practices that may compromise their objectivity and fairness. We welcome supervision and suggestions from users worldwide. To report any concerns, please contact us: report@wikifx.com
您当前语言与浏览器默认语言不一致,是否切换?
切换
Global Broker Regulation & Inquiry App

Score

0123456789
.
0123456789
0123456789
/10

profitfx

Indonesia|2-5 years|
High potential risk|

https://www.profitfx.market/index.html

Website

Rating Index

Contact

(888)234-5686
support@profitfx.market
https://www.profitfx.market/index.html
Satrio Tower 16th, Jl. Dr Satrio Kuningan, Jakarta

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

(888)234-5686

Other ways of contact

Broker Information

More

Company Name

ProfitFx Market Incorporated

Abbreviation

profitfx

Platform registered country and region

Indonesia

Company website

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 2
Previous Detection : 2024-11-09
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

profitfx · WikiFX Survey

Users who viewed profitfx also viewed..

XM

9.05
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)
Official website

AUS GLOBAL

8.23
Score
10-15 yearsRegulated in CyprusMarket Making(MM)
Official website

MultiBank Group

8.95
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)
Official website

FBS

8.77
Score
5-10 yearsRegulated in AustraliaMarket Making(MM)
Official website

profitfx · Company Summary

Aspect Information
Company Name profitfx
Registered Country/Area Indonesia
Years 2-5 years
Regulation Unregulated
Market Instruments Forex, Metals, and CFDs
Account Types Starter, Pro, and Prime
Minimum Deposit $100
Maximum Leverage 1:200
Spreads Spreads From 1.0 Pip
Trading Platforms Meta Trader 5
Demo Account Yes
Customer Support Mail: support@profitfxmarkets.com, Phone: +44 7949 540697, and Livechat
Deposit & Withdrawal PayPal, Master Card, and Skrill
Tools Economic Calendar, Pip Calculator, and Margin Calculator

Overview of profitfx

ProfitFX, based in Indonesia and with 2-5 years of operational experience, stands as a financial platform offering a range of market instruments including Forex, Metals, and CFDs. Despite operating in an unregulated environment, ProfitFX provides traders with account options such as Starter, Pro, and Prime, each requiring a minimum deposit of $100 and offering a maximum leverage of 1:200.

The platform, accessible through Metatrader 5, boasts competitive spreads starting from 1.0 pip. Traders can utilize a demo account for practice and skill development.

Deposits and withdrawals are streamlined with options like PayPal, Master Card, and Skrill. ProfitFX further enhances the trading experience by providing useful tools such as an Economic Calendar, Pip Calculator, and Margin Calculator, contributing to a comprehensive and user-friendly trading environment.

Overview of profitfx

Regulatory Status

profitfx operates as an unregulated trading platform, meaning it does not fall under the oversight of any financial regulatory authority.

Unregulated brokers may not be subject to strict operational standards and risk management practices. This increases the likelihood of operational risks, such as system failures, cybersecurity threats, or inadequate internal controls.

Pros and Cons

Pros Cons
Flexible Market Instruments Lack of Regulation
Competitive Spreads Limited Operational History
Multiple Account Types Limited Payment Method Options
Demo Account Availability /

Pros:

  1. Flexible Market Instruments: ProfitFX offers a variety of market instruments, including Forex, Metals, and CFDs, allowing traders to diversify their portfolios.

  2. Competitive Spreads: The platform provides competitive spreads starting from 1.0 pip, potentially offering cost-effective trading conditions for users.

  3. Multiple Account Types: ProfitFX appeals to various trader preferences with three account types - Starter, Pro, and Prime, allowing users to choose based on their experience and trading goals.

  4. Demo Account Availability: Traders have access to a demo account, providing a risk-free environment for practicing and honing their trading skills before engaging in live markets.

Cons:

  1. Lack of Regulation: ProfitFX operates in an unregulated environment, potentially raising concerns about the level of oversight and investor protection.

  2. Limited Operational History: With 2-5 years of operational experience, ProfitFX has a relatively short history, which may impact the assessment of its long-term reliability and reputation.

  3. Limited Payment Method Options: While offering popular payment methods, ProfitFX has a relatively restricted selection, which may be limiting for users who prefer a broader range of options for financial transactions.

Market Instruments

ProfitFX stands out by offering traders a rich selection of market instruments, including Forex, Metals, and CFDs, each with distinctive features accommodating trading preferences.

In the Forex market, ProfitFX provides access to a wide array of global currency pairs, facilitating 24-hour trading with high liquidity. Traders can benefit from the dynamic nature of Forex, engaging in major, minor, and exotic pairs.

The Metals category, encompassing precious metals like gold and silver, serves as a haven during market uncertainties and allows for portfolio diversification. With notable price volatility, metals present trading opportunities for both short-term and long-term strategies.

Additionally, ProfitFX's inclusion of Contracts for Difference (CFDs) further enhances trading possibilities by covering various asset classes such as stocks, indices, commodities, and cryptocurrencies. CFDs offer leverage, enabling efficient capital utilization, and the flexibility of short selling for traders to capitalize on both rising and falling markets.

Market Instruments

Account Types

Oron Limited offers three distinct account types tailored to different trader profiles.

The “STARTER” account, designed for startups and small traders, requires a minimum deposit of $100, features spread starting from 2.5 pips, zero commissions, EA leverages up to 1:200, swap-free trading, and 100% margin call with a 40% stop-out level.

The “PRO” account, suitable for professional traders, mandates a $1000 minimum deposit, boasts tighter spreads from 1.5 pips, zero commissions, EA leverage up to 1:200, swap-free trading, and the same margin call and stop-out levels as the STARTER account.

Lastly, the “PRIME” account, tailored for advanced traders, demands a $5000 minimum deposit, offers the tightest spreads from 1.0 pip, zero commissions, EA leverage up to 1:200, swap-free trading, and maintains the same margin call and stop-out parameters. These account types provide traders with flexibility and customization based on their experience and trading preferences.

Account Type Minimum Deposit Spreads Commissions EA Leverage Swap-Free Margin Call Stop Out
STARTER $100 From 2.5 Pip Zero Up To 1:200 Yes 100% 40%
PRO $1,000 From 1.5 Pip Zero Up To 1:200 Yes 100% 40%
PRIME $5,000 From 1.0 Pip Zero Up To 1:200 Yes 100% 40%
Account Types

How to Open an Account?

Opening an account with profitfx is a straightforward process that can be completed online in a matter of minutes. Here's a breakdown of the steps involved:

  1. Visit the profitfx website and click “OPEN LIVE ACCOUNT.”

How to Open an Account?
  1. Fill out the online application form: The form will request your personal information Be sure to have your identification documents (passport or ID card) and proof of address handy for uploading.

  2. Fund your account: profitfx offers various deposit methods, including bank transfers, credit/debit cards, and e-wallets. Choose your preferred method and follow the instructions to complete the deposit.

  3. Verify your account: Once your account is funded, you'll need to verify your identity and address. This typically involves submitting scanned copies of your ID documents and proof of address.

  4. Start trading: Once your account is verified, you're ready to explore the profitfx trading platform and start making trades.

How to Open an Account?

Leverage

The concept of “1:200 maximum leverage” refers to the ratio between the borrowed funds and the trader's capital in a trading position. In financial markets, particularly in forex (foreign exchange) trading, leverage allows traders to control a larger position size with a relatively smaller amount of capital.

Trading on high leverage involves using borrowed money, and brokers require traders to maintain a certain amount of funds in their accounts as a security margin. Suppose losses erode the trader's capital to a level close to the required margin. In that case, the broker may issue a margin call, requiring the trader to deposit additional funds to cover potential losses.

Trading Platform

MetaTrader 5 (MT5) serves as a comprehensive and versatile trading platform on ProfitFX, offering a range of features tailored for financial markets, including Forex and CFD trading. Traders benefit from advanced charting tools, encompassing various timeframes, technical indicators, and drawing tools for in-depth market analysis.

The platform's support for algorithmic trading through Expert Advisors (EAs), coded in the MQL5 programming language, empowers users to automate trading strategies. Market depth information provides insights into buy and selling orders at different price levels, aiding in the assessment of market liquidity.

Trading Platform

Deposit & Withdrawal

ProfitFX offers a range of deposit and withdrawal methods, featuring popular financial services such as PayPal, MasterCard, and Skrill.

PayPal stands out for its user-friendly interface, providing a rich experience for traders to efficiently manage their funds. Renowned for its security measures and quick processing times, PayPal transactions offer a secure and expedient means of funding trading accounts.

MasterCard, with its global acceptance and instant processing, provides a familiar and widely-used option for traders. The incorporation of advanced security features enhances the overall safety of financial transactions through MasterCard.

Skrill, recognized for its global accessibility, offers traders the convenience of an e-wallet platform. With a prepaid MasterCard option and the efficiency of an e-wallet, Skrill provides flexibility and ease in managing funds for users on ProfitFX.

Deposit & Withdrawal

Customer Support

ProfitFX Markets offers robust customer support through multiple channels, including email and phone.

For email inquiries, traders can reach out to the dedicated support team at support@profitfxmarkets.com. This asynchronous communication method allows users to articulate their questions or concerns in detail, providing a written record for reference.

Additionally, for more immediate assistance, traders can contact customer support via phone at +44 7949 540697. The inclusion of a phone support option enhances accessibility, allowing users to communicate directly with a support representative to address urgent matters or seek real-time assistance.

LiveChat enables instant, real-time communication between customers and support agents. This feature is crucial for addressing urgent queries, resolving issues promptly, and offering a seamless customer experience.

Customer Support

Tools

ProfitFX equips traders with a comprehensive set of tools to enhance their trading strategies, including the Economic Calendar, Pip Calculator, and Margin Calculator.

The Economic Calendar is a real-time event tracker, offering insights into key economic releases and indicators that may impact financial markets. Traders can customize filters to focus on specific regions or indicators, aiding in informed decision-making.

The Pip Calculator ensures precision in position sizing by calculating the monetary value of each pip movement in various currency pairs. With a user-friendly interface, traders can quickly assess potential profits or losses.

The Margin Calculator is a crucial tool for risk assessment, helping traders evaluate the required margin for a given trade size based on factors like account balance and leverage. Efficient and quick, this tool assists traders in managing risk and making well-informed decisions.

Collectively, these tools empower ProfitFX users with valuable information for navigating the dynamic and fast-paced world of financial markets, fostering effective risk management and strategic trading. For specific instructions on utilizing these tools within the ProfitFX platform, traders are encouraged to refer to the official documentation and resources provided by the platform.

Tools

Conclusion

In conclusion, ProfitFX demonstrates strengths in providing flexible market instruments, competitive spreads, and NS offering multiple account types. However, notable concerns arise from the lack of regulatory oversight, which may impact investor confidence about adherence to industry standards.

While the availability of multiple account types applies to various traders, the platform could benefit from expanding its range of payment methods to enhance convenience for users.

FAQs

Q: What market instruments are available on ProfitFX?

A: ProfitFX offers a range of market instruments, including Forex, Metals, and CFDs, providing traders with options for investment.

Q: What are the account types offered by ProfitFX?

A: ProfitFX provides three account types - Starter, Pro, and Prime.

Q: Are there competitive spreads on ProfitFX?

A: Yes, ProfitFX boasts competitive spreads starting from 1.0 pip, potentially offering cost-effective trading conditions for users.

Q: Is there a demo account available on ProfitFX?

A: Yes, ProfitFX offers a demo account, allowing traders to practice and hone their skills in a risk-free environment before engaging in live markets.

Q: What is the minimum deposit requirement on ProfitFX?

A: The minimum deposit requirement on ProfitFX is $100, providing accessibility to a broad range of traders with varying budget sizes.

Q: What payment methods are accepted for deposits and withdrawals on ProfitFX?

A: ProfitFX supports popular payment methods, including PayPal, Master Card, and Skrill. However, the platform could benefit from expanding its range of payment options.

Q: Does ProfitFX offer swap-free trading?

A: Yes, ProfitFX provides swap-free trading options, allowing traders to engage in interest-free transactions.

Review 1

1 Comments
Write a comment
All(1) Latest Exposure(1)
Write a comment
TOP

Chrome

Chrome extension

Global Forex Broker Regulatory Inquiry

Browse the forex broker websites and identify the legit and fraud brokers accurately

Install Now

Select Country/Region
  • Hong Kong

  • Taiwan

    tw.wikifx.com

  • United States

    us.wikifx.com

  • South Korea

    kr.wikifx.com

  • United Kingdom

    uk.wikifx.com

  • Japan

    jp.wikifx.com

  • Indonesia

    id.wikifx.com

  • Vietnam

    vn.wikifx.com

  • Australia

    au.wikifx.com

  • Singapore

    sg.wikifx.com

  • Thailand

    th.wikifx.com

  • Cyprus

    cy.wikifx.com

  • Germany

    de.wikifx.com

  • Russia

    ru.wikifx.com

  • Philippines

    ph.wikifx.com

  • New Zealand

    nz.wikifx.com

  • Ukraine

    ua.wikifx.com

  • India

    in.wikifx.com

  • France

    fr.wikifx.com

  • Spain

    es.wikifx.com

  • Portugal

    pt.wikifx.com

  • Malaysia

    my.wikifx.com

  • Nigeria

    ng.wikifx.com

  • Cambodia

    kh.wikifx.com

  • Italy

    it.wikifx.com

  • South Africa

    za.wikifx.com

  • Turkey

    tr.wikifx.com

  • Netherlands

    nl.wikifx.com

  • United Arab Emirates

    ae.wikifx.com

  • Colombia

    co.wikifx.com

  • Argentina

    ar.wikifx.com

  • Belarus

    by.wikifx.com

  • Ecuador

    ec.wikifx.com

  • Egypt

    eg.wikifx.com

  • Kazakhstan

    kz.wikifx.com

  • Morocco

    ma.wikifx.com

  • Mexico

    mx.wikifx.com

  • Peru

    pe.wikifx.com

  • Pakistan

    pk.wikifx.com

  • Tunisia

    tn.wikifx.com

  • Venezuela

    ve.wikifx.com

United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com