8 /10
Overall Rating

ProfitiX Review

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Read this ProfitiX broker review before opening your account. Is this a Reliable Forex Broker? Find out more with our AtoZ Markets Forex broker review of ProfitiX. 

ProfitiX is online forex, commodity, CFD and cryptocurrency broker that has been operating since early 2019. It has implemented an innovative digital experience in the marketplace by becoming one of the modern brokers in the field. 

We have done an extensive review of the company and found it legit and recommendable. This broker provides maximum flexibility on deposit requirements for all traders.

ProfitiX is a high-tech broker with a solid reputation in the marketplace and a user-friendly trading platform that traders can utilize to make highly profitable trades and transactions.

At AtoZMarkets.com, we have a readers-first policy. Thus, we always put our readers’ safety as a priority in our business line. We will never satisfy ourselves with Brokers’ public information, however, go in-depth. Often we will also open live and demo accounts and test brokers directly.

For the above mentioned, we stand on our toes checking all the ins and outs in a broker’s business history, biography, and reputation. The very same standards apply in the case of this ProfitiX broker review. Please go through this article on how we conduct our broker reviews.

Overview

Company
8 /10
Trust
8 /10
Trading Platform
7 /10
Account Types
8 /10
Cyptocurrency
8 /10
Costs
8 /10
Customer Support
8 /10
Regulation
7 /10

Company

8 /10

ProfitiX Ltd. is a forex broker that operates under the laws of St. Vincent and the Grenadines with registration number 25308 BC 2019. It has a registered address at Carenage Bay Canouan Island, VC0450 Kingstown, Saint Vincent & Grenadines.

ProfitiX is a high-tech broker with a solid reputation in the marketplace that was established in 2019. With a friendly trading platform, traders can utilize it to make profitable trades along with transactions.

As a new company, ProfitiX is working hard to establish its name in the investment world. It offers high-quality trading services and conditions with a fast-execution and guaranteed fund security.

ProfitiX does not provide services in the USA. Moreover, it is aware investors to get appropriate education before making an investment in the financial market. Furthermore, they will not be liable for damages and/or loss that will happen due to the misuse of their service.

Pros & Cons

Pros

  • Provide an advanced MT5 trading platform.
  • Wide range of trading instruments, including forex, shares, indices, & cryptocurrencies.
  • It uses Secure Sockets Layer (SSL) technology for ensuring fund safety.
  • Provides economic calendar, training video, and daily analysis.
  • 5 different account types for all types of traders.

Cons

  • It does not provide a demo account.
  • It does not provide MT4 as MT5 is still complicated for many traders.

Trust

8 /10

ProfitiX considered the safety of clients’ capital as a high priority. Therefore, it keeps all funds secured with trusted international banking foundations. So clients’ investments are protected and not used for any unintended operations.

It also uses Secure Sockets Layer (SSL) technology to ensure that all private data is highly secured against any suspicious activities while trading or processing a payment.

Trading Platform

7 /10

ProfitiX provides the MT5 trading platforms with full features. MetaTrader 5 is a multi-asset platform that allows trading currency pairs, stocks, and shares. It offers sophisticated tools for comprehensive price analysis to use algorithmic trading applications, and copy trading.

Moreover, MT5 supports the hedging method to enable opening several trading positions within the same financial instrument. 

ProfitiX MetaTrader 5

ProfitiX offers the below-mentioned features for its traders:

  • Cross-asset trading on more than 10,000 markets
  • 21 available time frame.
  • Advanced charting tools
  • 44 suites of graphic objects
  • Supports Automated trading
  • Innovative transparency with Level II pricing
  • Multilingual and user-friendly interface
  • Ideal for automated trading strategies
  • Hedge trading strategy
  • Secure SSL-encrypted trading servers
  • Exceptional client support 24/5
  • Available in windows, mac, ios, and android.
  • Moreover, traders can log in to the ProfitiX MT5 web traders from any website enabled device.

Account Types

8 /10

ProfitiX offers a variety of trading account types for traders who want to diversify their trading portfolio. Each account is custom made to a unique opportunity to trade financial instruments.

There are 5 types of accounts in ProfitiX. Therefore, this broker is suitable for all types of traders from new to experienced.

#1 Mini Account

ProfitiX’s Mini Account is suitable for new traders with small capital. The account offers the right trading conditions and risk exposure to get started.

Trading with a Mini Account can help you to develop your trading experience as you are more flexible to manage your risk.

The features of the mini account are mentioned below:

  • $250 Minimum Deposit
  • Spreads From 3 Pips 
  • Up To 1:400 Leverage
  • Micro Lot (0.01)
  • Access To Metatrader 5
  • Education Center
  • Price Alerts
  • No Commission

#2 Advanced Account

The ProfitiX advanced account is ideal for expert traders in the financial markets. You can perform any trading style or strategies on an Advanced Account.

There are a lot of instruments for trading currencies, indices, metals, commodities, and Cryptocurrencies.

The features of the advanced account are mentioned below:

  • $2,500 Minimum Deposit
  • Up To 1:400 Leverage
  • Variable Or Floating Spreads
  • 10.00 Maximum Order Size
  • Customized Trading Strategy
  • Access To Metatrader 5
  • Education Center
  • Price Alerts

#3 Executive Account

Traders of Executive Accounts can enjoy a variety of investment choices. In this trading account, traders are allowed to have professional charting tools with their own portfolio and market analysis.

The features of the Executive account are mentioned below:

  • $25,000 Minimum Deposit
  • Personal Portfolio
  • Exclusive Daily Market Analysis
  • Variable Or Floating Spreads
  • Access To Metatrader 5
  • Trade Assets (All Assets)
  • Exclusive Education Center
  • Price Alerts

#4 Prime Account

Professional-level traders often have different needs. Therefore, ProfitiX has designed the Prime Account to provide investors with competitive pricing conditions.

The features of the prime account are mentioned below:

  • $100,000 Minimum Deposit
  • Hedging is allowed
  • Personal Portfolio
  • Exclusive Daily Market Analysis
  • Fixed Spreads
  • Research Tools
  • Access To Metatrader 5
  • Desktop, Web, And Mobile Trader
  • Trade Assets (All Assets)
  • Education Center
  • Price Alerts

#5 VIP Account

ProfitiX’s VIP account is for high net worth investors and active participants who trade with large volumes.

VIP account will allow you to enhance your strategies further by taking your trading to the next level.

The features of the advanced account are mentioned below:

  • Negative-balance Protection
  • Personal Portfolio
  • Low Market Price Difference
  • Fixed Spreads
  • Research Tools
  • Access To Metatrader 5
  • Desktop, Web, And Mobile Trader
  • Trade Assets (All Assets)
  • Education Center
  • Price Alerts

Cryptocurrency

8 /10

Cryptocurrencies at ProfitiX allows you to trade with the digital currencies market. Traders can trade Bitcoin, Litecoin, Ethereum, and Bitcoin Gold through the ProfitiX cryptocurrency trading platforms. Moreover, the cryptocurrency is quoted both in USD and EUR.

Costs

8 /10

ProfitiX does not charge any fees on withdrawal transactions. Moreover, most of its account types are commission-free, and spreads are very lucrative.

Customer Support

8 /10

ProfitiX support desk is available on Mon-Fri 8:00AM - 7:00PM (GMT).  Traders can contact them via live support, email support or via phone call. Its support team is very polite, and they don’t take much time to provide information.

Regulation

7 /10

ProfitiX Ltd. is licensed and operated under the laws of St. Vincent and the Grenadines with registration number 25308 BC 2019. Moreover, its registered address is at Carenage Bay Canouan Island, VC0450 Kingstown, Saint Vincent & Grenadines.

Conclusion

ProfitiX has some enormous trading features to make it very unique and competitive.

Although it is a new broker, it provides world-class advanced MT5 trading platforms and allows traders to trade with lots of trading instruments. Another exciting feature of this broker is the variety of account types. Traders from all levels can perform their trading activities through this broker. 

Moreover, the leverage of the broker is up to 1:400. It also has 24/5 customer support through live chat, phone, and email. You can consider ProfitiX if you are looking for a potential and advanced broker. 

Reviewed By

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  1. Alfred says:

    They dont seem like scammer. But there are many reasons why it is best to stay away.

    Reasons to join:
    – Very professional in term of documentation.
    – No observation of cheating.

    Reasons not to join:
    – Very aggressive and impolite broker especially when you dont want to deposit more money. After every trade, they will persuade you to deposit more money with gap event and bonus. They seem more interested in asking you for more deposit then to trade within your means by asking you to increase your credit card limit.
    – Their spread are high and they take commission.
    – They trade without stop lost as they dont want to close the trade with any lost.
    – They are good in helping you earn high profit in a short time. But if you observe further, it is because they trade big lot with low target. Most of the time, it should be able to close without fail hence earning you big profit in a short while. But for the time when it dont, you better have sufficient buffer. Which perhaps is why some many people here review that their account are wiped out? For a 2 lots short (sell) of gold at 1390, if the price went to 1500, you are already looking at a potential lost of 20k+. When it went to the current of price 1900+, you are already looking at a potential lost of 100k+. Unless you have the money to hold and wait for it to drop back to 1390, your account will have already burst. Remember they dont like to put stop lost.
    – For the above, they dont seem to be really knowledgeable in trading. They are just trying their luck with big lots and low target. If it went in their direction, good for you but even better for them as they earn the large spread and commission. If it dont, they dont make any lost. They still earn from the spread.
    – Trying is withdraw money is very difficult as you cannot have any open trade.
    – Trying to close account is even worst. They will question why you want to close and persuade you to stay.
    – I thought that after 1 year, they will change for the better. But seeing the bad review here, it seem nothing have changed.

  2. Ruth says:

    Don’t trade with PROFITIX. They are a SCAM. They are not real. Their platform is not real. I’ve just lost all my money in one trade with their VIP broker Kristoffe White! Not real name. 1 in 10 trades will put your account into the red and they’ll say that they’ll help you fix the account but you need to put in more money! A few of this will wipe you out! Finally they will ask you to open a trade aggressively saying they are helping you to meet your obligation under the contract and then you are wiped overnight and you’ll never hear from them again. RUN! YOU DON’T NEED THEM TO TEACH YOU HOW TO TRADE! They’ll be your nightmare!

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