Profit Trade is a Crypto, forex and CFD broker that aims to offer a multitude of everything related to retail Trading. This ranged from many Different account types to a large assortment of tradeable financial instruments.
Profit Trade Advantages
This MT4 version is pretty much the same as any other you find at other brokers which makes it a plug and play format for experienced Traders
Wide range assets available for trade
With Profit Trade one can trade in a wide selection of different currency pairs, CFDs on commodities, indices, stocks, and some of the most popular cryptocurrency pairs.
This includes Bitcoin, Ethereum, Litecoin, Dash, Bitcoin Cash, and Ripple. They are traded against each other and against regulate Major Fiat currencies EUR, USD and AUD.
Profit Trade MT4 Trading Platform
Full functioning Metatrader 4 Trading Platform. this is a desktop version that you are able to download without actually having to register , of course the moment you want to use it you need to open an account.
MT4 platform hardly needs a presentation. It is the most widely used forex trading terminal that has proved its reliability and ease of use over the years. Besides, it has great charting, analytic tools as well as wide range of Expert advisors for automated trading. So for traders that have outgrown the webtrader this is the next step.
They also have a proprietary web trading platform
Profit Trade uses a proprietary web-based platform that is very basic, with Limited analytics, nor automated trading options.
As you can see it is basic and does what it is supposed to do nut no much more. This trading platform does work properly thou and will be for the beginners a good starting point.
The webtrader is also offered for mobile trading for the android as well as for the IOS.
this version of the trading platform looks slick and works fast and well. There are not real charting and news tools on this mobile option so it really is just for opening and closing positions.
all the spreads are posted on the website and you can see what the spread is for every individual trading pair.
Now I have to mention that they are not the cheapest as there are brokers that offer the same for less.
But is its good selection and you are able to trade them on high leverage.
Solid leverage levels
the Profit Trade Brokerage allows its clients to use leverage up to 1:200. Leverage is of course capped in the US, Japan and currently throughout Europe, as it brings in high risk of loss for investors. But this is also why unregulated brokers still exist as many traders still prefer to trade o high Leverage
Profit Trade has a rich and diversified product portfolio, including a plethora of cryptocurrency CFDs like Bitcoin, ethereum and Ripple, which are one of the most popular assets on the financial markets to trade at this moment.
Their support is adequate and overall feel of the site and trading platforms shows that they try to establish themselves as a legit and innovating brokerage with an eye on the future. They do not have regulation and for some this will be an issue, overall their compliance requirements are similar to any Cysec regulated broker, but time will tell if they maintain this level.
For now this is one of the better un-regualted forex brokers we have come across