ProfitiX Review 2024
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| ProfitiX offers an interactive desktop and mobile trading experience via MT5. | ||
ProfitiX is broker that provides access to Forex, CFDs, indices, shares, commodities, cryptocurrencies. Interestingly, ProfitiX supports the MetaTrader 5 trading platform, but not the hugely popular MetaTrader 4 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.
ProfitiX is #96 in our rankings of CFD brokers.
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 | Expert Advisors (EAs) on MetaTrader |
| Trade Signals | Yes (MT5) |
| Social Trading | ✗ |
| Copy Trading | ✗ |
| Islamic Account | ✗ |
| Commodities |
|
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:
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. See our list of brokers that accept PayPal for alternatives.
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 in the UK?
No, ProfitiX is unfortunately not regulated by the FCA here in the UK. See our list of FCA regulated brokers for safer options
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.
Compare ProfitiX with Other Brokers
These brokers are the most similar to ProfitiX:
- FP Markets - FP Markets is an ASIC- and CySEC-regulated broker that offers forex and CFD trading on a broad range of assets through the MT4, MT5 and IRESS platforms. With trading available through standard and raw spread accounts on thousands of international stocks, forex, indices, commodities, cryptocurrencies, bonds and ETFs, this broker has some of the most comprehensive market coverage available. FP Markets also offers a full range of additional features, including educational resources and access to powerful software such as Autochartist.
- Admiral Markets - Admirals is an FCA- and ASIC-regulated broker with an excellent range of leveraged instruments, including forex, stocks, indices, ETFs, commodities, cryptos and more. The broker supports the MetaTrader 4, MetaTrader 5 and TradingCentral platforms. With both spread betting and CFDs available and thousands of instruments, this broker provides more flexibility than most rivals.
- Swissquote - Swissquote is a Switzerland-based bank and broker that offers online trading and investing. The company has a high safety score and is listed on the Swiss stock exchange. The firm offers a huge range of products, from stocks, ETFs, bonds and futures to 400+ forex and CFD assets. Hundreds of thousands of traders have opened an account with the multi-regulated brokerage. Clients can get started in three easy steps while 24/7 customer support is available to assist new users.
ProfitiX Feature Comparison
| ProfitiX | FP Markets | Admiral Markets | Swissquote | |
|---|---|---|---|---|
| Rating | - | 4 | 3.5 | 4 |
| Markets | Forex, Stocks, Commodities, Crypto | Forex, Stocks, Commodities, Crypto | Forex, Stocks, Commodities, Crypto | Forex, Stocks, Commodities |
| Minimum Deposit | $250 | $100 | $100 | $1000 |
| Minimum Trade | 0.01 Lots | 0.01 Lots | 0.01 Lots | 0.01 Lots |
| Demo Account | No | Yes | Yes | Yes |
| Regulators | - | ASIC, CySEC, ESMA | FCA, CySEC, ASIC, JSC | FCA, FINMA, DFSA, SFC |
| Bonus | - | - | - | - |
| Education | No | Yes | Yes | No |
| Platforms | MT5 | MT4, MT5, cTrader | MT4, MT5 | MT4, MT5 |
| Leverage | 1:400 | 1:30 (UK), 1:500 (Global) | 1:30 (EU), 1:500 (Global) | 1:30 |
| Visit | ||||
| Review | ProfitiX Review |
FP Markets Review |
Admiral Markets Review |
Swissquote Review |
Trading Instruments Comparison
| ProfitiX | FP Markets | Admiral Markets | Swissquote | |
|---|---|---|---|---|
| CFD | Yes | Yes | Yes | Yes |
| Forex | Yes | Yes | Yes | Yes |
| Stocks | Yes | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes | No |
| Commodities | Yes | Yes | Yes | Yes |
| Oil | No | Yes | No | Yes |
| Gold | Yes | Yes | Yes | Yes |
| Copper | No | Yes | Yes | No |
| Silver | Yes | Yes | Yes | Yes |
| Corn | No | Yes | No | No |
| Futures | No | Yes | No | Yes |
| Options | No | No | No | Yes |
| ETFs | No | Yes | Yes | Yes |
| Bonds | No | Yes | Yes | Yes |
| Warrants | No | No | No | No |
| Spreadbetting | No | No | Yes | No |
| Volatility Index | No | Yes | Yes | No |
ProfitiX vs Other Brokers
Compare ProfitiX with any other broker by selecting the other broker below.
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| ProfitiX offers an interactive desktop and mobile trading experience via MT5. | ||