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ProfitX review

ProfitX review: regulation (No), minimum deposit 100, leverage up to 1:400, platforms and current bonuses.

Open account
Minimum deposit100
Max. leverage1:400
Spread from0.7 pips
Founded2019

Trading conditions

Broker type
STP/ECN
Minimum deposit
100
Maximum leverage
1:400
Minimum spread
0.7 pips
Platforms
MetaTrader 5
Account currencies
USD,EUR,GBP

Bonuses

No deposit bonus
No
Welcome bonus
Yes
Other promotions
Yes

Accounts and features

Demo account
Yes
Islamic account
Yes
Swap-free
Yes
Mini account
Yes
VIP account
Yes
Managed account
Yes
Segregated funds
No
Hedging and scalping
Yes
News trading
Yes
Mobile trading
Yes
Web trading
Yes

Deposits and withdrawals

Deposit methods
Credit/Debit Card, Neteller, Skrill, WebMoney, Bank Wire Transfer, etc.
Withdrawal methods
Credit/Debit Card, Neteller, Skrill, WebMoney, Bank Wire Transfer, etc.

Company

Regulation
No
Founded
2019
Country
SVG
Address
Suite 305, Griffith Corporate Centre P.O. Box 1510, Beachmont Kingstown St. Vincent and the Grenadine
Website languages
English
Phone
+18007997635
Email or Skype
[email protected]

ProfitX pros and cons

Pros

  • Regulated by No
  • Low minimum deposit: 100
  • Raw spreads from 0.7 pips
  • Scalping and hedging allowed
  • Swap-free Islamic accounts available
  • Free demo account

Cons

  • No no-deposit bonus at the moment
  • Conditions and bonuses can differ by regulated entity

ProfitX FAQ

Is ProfitX a safe and regulated broker?

ProfitX was founded in 2019 and is regulated by No. Your protection depends on which ProfitX entity opens your account.

What is the minimum deposit at ProfitX?

The minimum deposit at ProfitX is 100. Payment providers may set their own minimum amount.

What is the maximum leverage at ProfitX?

ProfitX offers leverage up to 1:400. Regulators in the EU, UK and Australia cap retail leverage lower, usually at 1:30 on major forex pairs.

Does ProfitX offer a no deposit bonus?

No. ProfitX does not currently offer a no deposit bonus. It offers a welcome promotion: Yes. See our forex no deposit bonus list for brokers that do.

Which trading platforms does ProfitX offer?

ProfitX supports MetaTrader 5. Mobile trading is available.

Does ProfitX allow scalping, hedging and news trading?

Yes. Scalping and hedging are allowed, and news trading is allowed.

Does ProfitX offer an Islamic (swap-free) account?

Yes. ProfitX offers swap-free Islamic accounts with no overnight swap charges.

Risk warning: Forex and CFD trading on margin carries a high level of risk and may not be suitable for all investors. Bonus offers are provided by third-party brokers and can change at any time.

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ProfitX – NoOpen account