Profit Market
Information about Profit Market Company
Brief description of the Profit Market trading brand owned by Profit Market Inc. It is claimed that the broker has been operating since 2013, but the regulation of its activities is not described in public sources. The link to information about the regulator on the official website profit-market.com leads to an unavailable page. There are no indications of regulation. In addition, registration in the UK is mentioned, but without providing an official address. In the “Documentation” section, there is a client agreement, but it does not contain the necessary legal information and details.
Trading Opportunities and Platform of Profit Market
The broker offers trading on the price difference in the following categories of assets:
- currency pairs,
- commodities,
- stocks,
- indices,
- cryptocurrencies.
Profit Market also offers binary options on currency pairs, commodities, and cryptocurrencies. In addition, investing in PAMM accounts and participating in an affiliate program that allows attracting new participants and earning commissions from their deposits are available. Information about trading platforms is not disclosed publicly, causing confusion among users.
Types of Trading Accounts at Profit Market
The broker offers four types of trading accounts differing in investment amounts.
- Mini Account: available with an investment of at least $250. It includes a personal analyst, daily market reviews, and educational materials.
- Start+ Account: for investments from $1,000. Features include 1% cashback, access to webinars and trading signals, and an insurance program, details of which will be revealed after registration.
- Business Account: requires a deposit of at least $5,000. Cashback increases to 2%, an insurance program at 50% coverage, access to VIP deals.
- Premium Account: the highest account level, opened with investments from $50,000. For such clients, an individual trading and business plan is developed, offering up to 3% cashback, insurance coverage up to 80%.
Deposits and Withdrawals at Profit Market
On the broker’s website, information about depositing and withdrawing funds is not presented conveniently for users. There is no section listing payment systems. Details of available transaction methods will be revealed only after registration and entering personal data in the Profit Market account.
Details on depositing and withdrawing funds can be found in the User Agreement. The primary currency is the US dollar. Depositing with other currencies may involve additional currency exchange fees. Withdrawal requests can only be processed after verification and with a minimum of $100 in the account. The company reserves the right to request additional documents and client identity confirmations. Additionally, in case of suspicions of violations, a withdrawal request may be rejected. The need to pay commissions and other operational costs is also mentioned, but the amounts and terms of calculations are not disclosed.
Conclusion
The company’s website, which seems informative, leaves many questions unanswered. Key legal documents, such as registration certificates and brokerage licenses, are missing. The lack of a clear company address raises doubts about its reliability. The conditions for fund withdrawal refusals and possible commissions are not transparent enough. It is recommended to consult independent experts to choose a reliable broker. Free consultations can be obtained from specialists in this field.