ProfitFX
ProfitFX Company Overview
ProfitFX Company, specializing in STP/ECN trading, was established in 2018 under the ownership of Profit FX Markets Limited. The company’s registered address in the UK is 71-75 Shelton Street Covent Garden, London, WC2H 9JQ. Notably, the official website does not disclose information regarding a license from the UK financial regulator.
Trading Offerings and Platform at Profit FX
Profit FX provides a diverse array of trading instruments, including currency pairs, commodities, precious metals, indices, agricultural products, and cryptocurrencies. Traders have access to the widely-used MetaTrader 5 platform along with its mobile applications for seamless trading experiences.
Profit FX Markets Limited Trading Account Options
ProfitFX presents three distinct trading account types – Starter, Pro, and Standard. The Starter account necessitates a minimum deposit of 100 US dollars, offering an average spread of 2.5 points and leverage up to 1:200. The Pro account requires initial investments starting from 1,000 USD, with reduced spreads from 1.5 points. The Standard account is accessible with a minimum investment of 5,000 dollars and spreads starting from 1 point.
Account Funding and Withdrawal Procedures at ProfitFX
Despite the UK address, ProfitFX operates with US dollars as the account currency. Notably, essential information such as transaction details, commissions, client agreements, or other crucial documents are not readily available on the website. While personal data is required for registration, there seems to be no mandatory agreement with the terms.
Final Thoughts on ProfitFX Company
Scrutiny is cast upon ProfitFX Company’s purported three-year operational history, especially due to the absence of a license from the British financial regulator and limited transparency regarding key aspects of the brokerage. As a result, it is advisable for potential investors to opt for more reputable brokers possessing valid licenses, guided by industry ratings and expert evaluations.
This review has been prepared by the specialists at ExpertsReview.