About Profit Motion Club
Profit Motion Club is an established investment intermediary with a successful track record in the financial markets dating back to 1998. The company focuses on providing trading opportunities for Contracts for Difference (CFDs) across a wide range of over 1000 financial instruments. Traders’ funds are safeguarded in separate bank accounts and backed by insurance from the Investor Compensation Fund for added security (up to 90% coverage).
Geography and Regulation
While Profit Motion Club states its operational address at Baslerstrasse 50, 8048 Zurich, Switzerland, the company’s official registration location remains undisclosed on the website, lacking legal information and necessary registration documents. The broker claims to be regulated by the Financial Supervision Commission of Bulgaria (FSC) and possesses MiFID II passports, yet no scanned copies of the relevant permits are provided for verification.
Trading Opportunities and Company Platforms
Profit Motion Club offers traders a choice between two trading platforms: Meta Trader 4 and its in-house development Profit Motion Club Trading platform. The Meta Trader 4 platform provides versatile support for trading on both mobile and desktop devices, while the proprietary platform allows for convenient online trading through web browsers on various devices.
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Key technical features of the software include:
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● Professional real-time charts and a comprehensive set of tools for technical analysis;
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● Diverse order types for effective trading strategies;
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● Complimentary analytical tools for traders.
Types of Trading Accounts
Profit Motion Club provides clients with favorable conditions for successful trading, including:
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● Minimum deposit requirements to open an account: 100 USD, 100 EUR, 200 BGN;
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● Competitive spreads offered across all trading products;
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● Negligible commissions and absence of commission fees;
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● Swift order execution and round-the-clock customer support services.
Deposit and Withdrawal of Funds
The company assures secure online payment methods for deposit and withdrawal transactions, such as bank transfers, credit/debit cards, and the ePay service. However, specific details like credit processing timeframes, commission fee amounts, minimum withdrawal thresholds, and procedures for submitting withdrawal requests are not clearly outlined.
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● Timeframes for deposit and withdrawal fund crediting;
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● Commission fee structures for financial transactions;
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● Minimum withdrawal amounts;
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● Process for sending withdrawal requests.
Conclusion
Building trust with the broker and assessing the feasibility of achieving success under the intermediary’s conditions are essential considerations for potential traders. User and expert reviews can provide valuable insights into the experiences of working with Profit Motion Club.
This review has been prepared by the specialists at ExpertsReview.