History of ProfitFX Company
Brief information about ProfitFX company states that it specializes in STP/ECN trading and was founded in 2018. The brand belongs to Profit FX Markets Limited, whose legal address in the UK is indicated as: 71-75 Shelton Street Covent Garden, London, WC2H 9JQ. The official website does not provide information about a license from the UK financial regulator.
Trading Instruments and Platform of Profit FX
The broker offers trading a wide range of assets, including currency pairs, commodities, precious metals, indices, agricultural products, and cryptocurrencies. Access to the popular MetaTrader 5 platform and its mobile applications is provided for trading.
Trading Accounts of Profit FX Markets Limited
ProfitFX offers three types of trading accounts – Starter, Pro, and Standard. The Starter account requires a minimum deposit of 100 US dollars, promises an average spread of 2.5 points, and offers leverage up to 1:200. The Pro account requires investments from 1,000 USD and offers reduced spreads starting from 1.5 points. The Standard account is available with minimum investments of 5,000 dollars with spreads starting from 1 point.
Account Funding and Withdrawal from ProfitFX
The account currency is US dollars, despite the company’s address in the UK. Information about transactions, commissions, client agreement, or other important documents is not available on the website. Personal data is required for registration, but agreement with the terms is not necessary.
Summary
Claims about ProfitFX company’s three-year work experience raise doubts. The absence of a license from the British financial regulator and information about cooperation with the broker raise questions about the company’s reliability. Therefore, it is recommended to choose more reliable brokers with licenses, based on ratings and expert opinions.