Global Broker governance & inquiry App

Score

0123456789
.
0123456789
0123456789
/10

Profi Trade 24/7

China|2-5 years|
Suspicious Regulatory License|Self-developed|Suspicious Scope of Business|High potential risk|

https://profitrade247.com

Website

Rating Index

Contact

support@profitrade24-7.com
https://profitrade247.com

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

Broker Information

More

Company Name

Profi Trade 24/7

Company Abbreviation

Profi Trade 24/7

Platform registered country and region

China

Company website

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away!
Previous Detection : 2024-04-22
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Users who viewed Profi Trade 24/7 also viewed..

XM

9.04
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

FBS

8.75
Score
5-10 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

Exness

8.37
Score
10-15 yearsRegulated in CyprusMarket Making(MM)MT4 Full License
Official website

AUS GLOBAL

7.54
Score
5-10 yearsRegulated in CyprusMarket Making(MM)MT4 Full License
Official website

Profi Trade 24/7 · Company Summary

Risk Warning

Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience.

The information presented in this article is intended solely for reference purposes.

General Information & Regulation

Feature Information
Registered Country/Region China
Regulation unregulated
Market Instrument Currency Pairs, Indices, Metals, Energies, Futures, Shares
Account Type Beginner, Trader, Expert, VIP and Exclusive
Demo Account N/A
Maximum Leverage 200:1
Spread N/A
Commission no
Trading Platform WebTrader
Minimum Deposit €250
Deposit & Withdrawal Method VISA and MasterCard

Profi Trade 24/7 claims to be an online trading broker giving their clients access to a series of trading instruments, including Currency Pairs, Metals, Futures, Indices, Energies, and Shares. With the Profi Trade 24/7 platform, investors are given the flexibility of choosing from five types of trading accounts, Beginner, Trader, Expert, VIP, and Exclusive.

Here is the home page of this brokers official site:

home page

Profi Trade 24/7 is not subject to any regulation to operate illegally. And thats why WikiFX has given this broker a very low score of 1.16/10. Please be aware of the risk.

General Information & Regulation

Note: The screenshot date is February 9, 2023. WikiFX gives dynamic scores, which will update in real-time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores.

Market Instruments

Clients are provided access to 300+ instruments across 6 asset classes, including Currency Pairs, Indices, Metals, Energies, Futures, as well as Shares.

Market Instruments

Account Types

Beginner, Trader, Expert, VIP, and Exclusive accounts are available options for all clients. The minimum deposit amount specifies the account type, with the Standard account from €5,000, the Trader account from €10,000, the Expert account from €25,000, the VIP account from €50,000, the Exclusive account from €100,000. Undoubtedly, the minimum deposit required by each account is absurdly high in comparison to those genuine brokers who ask for a minimum deposit below $100.

Account Types

Leverage

Trading leverage varies depending on trading accounts, ranging from 1:10 to 1:50. However, on its homepage, the broker advertises to offer 200:1 leverage. Since leverage can amplify both gains and losses, it can result in devastating losses for investors who lack experience. If you're just starting in the trading world, it's best to stick with the lower size, no more than a 1:10.

Commissions

Profi Trade 24/7 says that all charging no commissions.

Trading Platform

When it comes to trading platforms, Profi Trade 24/7 provides a proprietary WebTrader on Desktop and Mobile devices. Anyway, you had better choose brokers who offer the leading MT4 and MT5, which are highly praised by traders and brokers alike due to their ease of use and great functionality, offering top-notch charting and flexible customization options. They are especially popular for their automated trading bots, a.k.a. Expert Advisors.

Deposit & Withdrawal

The minimum deposit is €250, and deposits and withdrawals can be made through VISA and MasterCard only.

Customer Support

If you have any inquiries or trading-related issues, contacting Profi Trade 24/7 is not an easy thing. Only an email address is provided: support@profitrade24-7.com. Alternatively, you can choose to fill up the contact form on the webpage and wait to be connected.

Pros & Cons

Pros Cons
• Rich trading assets to choose from • No regulation
• Multiple trading accounts available • High minimum deposit (€250)
• Demo accounts unavailable
• Weak trading platform
• Limited payment methods

Frequently Asked Questions (FAQs)

Q 1: Is Profi Trade 24/7 regulated?
A 1: No. It has been verified that Profi Trade 24/7 currently has no valid regulation.
Q 2: Does Profi Trade 24/7 offer the industry-standard MT4 & MT5?
A 2: No. Instead, it offers a WebTrader.
Q 3: What is the minimum deposit for Profi Trade 24/7
A 3: The minimum initial deposit is €250 while opening an account requires at least €2,500.
Q 4: Is Profi Trade 24/7 a good broker for beginners?
A 4: No. Profi Trade 24/7 is not a good choice for beginners. Not only because of its unregulated condition, but also because of its high initial deposit requirement.

User Reviews

Sort by content

  • Sort by content
  • Sort by time

User comment

2

Comments

Write a review

薇薇呀
more than one year
A salesman from this company contacted me that he will gave me the most competitive offerings if I open an account here. However, after I investigated their regulation, I was disappointed to found it is not regulated at all. This touches my bottom line and I won’t use it then.
2023-02-16 18:26
Reply
0
0
清秋薇薇
more than one year
Easy to use, transparent trading conditions. Good personal support by dedicated customer services. I would recommend Profi Trade to everyone. This platform deserves a try.
2022-12-07 16:34
Reply
0
0
TOP
Select Country/District
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