Profitto

General Information & Regulation

Profitto Limited is incorporated and registered in Saint Vincent and the Grenadines under license number 25659 IBC 2019. They offer access to a broad and diverse range of financial markets including CFDs, indices, precious metals, energy, cryptocurrencies and forex.

Markets Instruments

Tradable financial instruments available on the Profitto platform include forex currency pairs, crypto currencies, and indices.

Minimum Deposit

Profitto offers to open an account for as little as $10 – and while that is perfectly in line with what other brokers demand for micro accounts, please consider the fact that Profitto is still ridiculously shady – this low account price is no reason to invest with it at all.

Leverage

Profitto provides an absurd amount of leverage – 1:1000. Note that such amounts are simply banned in the States, as well as most of the rest of the world. Regulators have seen them as too dangerous for retail investors and sought to limit their exposure to them. However, as unlicensed brokers like Profitto are not subject to any kind of regulation, they still provide the high amounts, seeking to attract clients.

Spreads & Commissions

Profitto advertise that its spreads low as 0.1 pips, but does not specify its detailed information on particular instruments.

Trading Platform Available

Profitto provides access to a distribution of the highly acclaimed Metatrader 4 platform.

Deposit& Withdrawal

Profitto accepts deposits via credit cards – they provide you with the unique opportunity to file a chargeback should something go wrong with the broker. Make sure to keep that in mind and use it if the need arises.

Customer Support

The Profitto customer support can reached through email: support@profittoltd.com, and the Profitto address is: Suite 305, Griffith Corporate Centre, Beachmont P.O.Box 1510, Kingstown, St. Vincent and the Grenadines.