ProfitiX Review 2021
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| ProfitiX offers an interactive desktop and mobile trading experience via MT5. | ||
ProfitiX is broker that offers traders Forex, CFDs, indices, shares, commodities, cryptocurrencies. Interestingly, ProfitiX supports the MetaTrader5 trading platform, but not the hugely popular MetaTrader4 predecessor at this point.
In terms of features offered to traders, ProfitiX has Signals and Auto Trading but is missing Demo Accounts, Islamic Accounts and Social Trading.
ProfitiX also gives traders access to 4 cryptocurrencies: BTC, ETH, LTC and BTG.
Please note that ProfitiX is an unregulated broker. With no regulatory oversight a broker can offer higher leverage and other features that regulated brokers can not, but it also means that traders need to be more careful. Don't deposit large sums before you feel confident that the operator is trustworthy.
ProfitiX Summary
ProfitiX offers an interactive desktop and mobile trading experience via MT5.
Ratings
| Bonus | None |
|---|---|
| Instruments | Forex, CFDs, indices, shares, commodities, cryptocurrencies |
| Demo Account | ✗ |
| Min. Deposit | $250 |
| Min. Trade | 0.01 lots |
| Regulated By | |
| MetaTrader 4 | ✗ |
| MetaTrader 5 | ✓ |
| cTrader | ✗ |
| DMA Account | ✗ |
| ECN Account | ✗ |
| Mobile Apps | ✓ |
| Auto Trading | Yes (EAs) |
| Trade Signals | Yes (MT5) |
| Social Trading | ✗ |
| Copy Trading | ✗ |
| Islamic Account | ✗ |
CFD Trading
ProfitiX offers CFDs in a range of financial markets with a choice of five account tiers.
| Leverage | 1:400 |
|---|---|
| FTSE Spread | Variable & Fixed |
| GBPUSD Spread | Variable & Fixed |
| Oil Spread | Variable & Fixed |
| Stocks Spread | Variable & Fixed |
Forex Trading
Trade a list of currencies with floating and fixed spreads depending on the account.
| GBPUSD Spread | Variable & Fixed |
|---|---|
| EURUSD Spread | Variable & Fixed |
| EURGBP Spread | Variable & Fixed |
| Assets | 100+ |
Cryptocurrency Trading
Trade top cryptos, including Bitcoin Gold against the USD and EUR.
| Spread | Variable & Fixed |
|---|---|
| Coins | BTC, ETH, LTC, BTG |
Payment Methods
ProfitiX accepts the following payment methods:
- Visa
- Skrill
- Neteller
- Mastercard
- Credit Card
- MoneyGram
- Western Union
- Diners Club
FAQ
Is ProfitiX Safe?
In our review we gave ProfitiX a low trust score of 20%, which means that traders should try things out before they deposit any larger amounts. What impacted the trust score the most is the fact that ProfitiX is not regulated. Extra careful traders might want to find an alternative in our top list of UK brokers.
Does ProfitiX Accept PayPal?
No, ProfitiX does not accept PayPal payments.
Is ProfitiX Halal?
Probably not, as ProfitiX does not offer an Islamic trading account as far as we know. For alternatives, please see the list of halal brokers.
What trading platforms does ProfitiX support?
ProfitiX only supports the MetaTrader 5 trading platform at this time.
Is ProfitiX Regulated?
No, unfortunately ProfitiX is unregulated as far as we know. Prudent traders will want to check out the list of FCA regulated brokers for alternatives.
ProfitiX vs Other Brokers
If you want to compare ProfitiX with other brokers, use the detailed comparisons below.
- Ayondo vs ProfitiX
- DIF Broker vs ProfitiX
- ProfitiX vs FxGrow
- ProfitiX vs Markets.com
- ProfitiX vs NPBFX
- ProfitiX vs OctaFX
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| ProfitiX offers an interactive desktop and mobile trading experience via MT5. | ||