ProfitiX Review

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ProfitiX Broker Review
GENERAL INFORMATION
Broker NameProfitiX
Broker TypeMarket Maker
CountrySt. Vincent & the Grenadines
Operating Since2019
Regulation-
AddressCentre For Enterprise Development First Floor, Moussa Building Grenville Street P.O. Box 2343 Kingstown St. Vincent & the Grenadines
Broker StatusIndependent
CS Phone+18002288480
CS Emailhelpdesk@profitix.com
LanguagesEnglish
Availability24/5
Trading PlatformsMetaTrader 5, MT5 for Android, MT5 for iOS, MT5 WebTrader
WEB TERMINAL
Trading Platform TimezoneUTC+2
Demo AccountNo
Mobile TradingYes
Web based tradingYes
BonusesYes
Other Trading InstrumentCurrency Trading, Commodities Trading, Shares Trading, Precious Metals, Cryptocurrencies, Stock Indices
ACCOUNTS
Minimum Deposit$250
Maximal Leverage1:1 up to 400:1
Spread VariableVariable or floating for mini, advanced, excutive, Fix for Prime and VIP
Scalping AllowedNo

ProfitiX Review Content:

  • ProfitiX Trading Accounts
  • ProfitiX Trading Conditions
  • ProfitiX Trading Platforms
  • MT5’s Important Features and Functions
  • ProfitiX Review: Summary
Comments Rating 4.82 (93 reviews)

At ProfitiX, streamlined online investing offers traders to operate and take control of their finances in a smooth-running way with innovative digital experience in the marketplace.

ProfitiX Logo

As one of the outstanding brokers, ProfitiX’ extensive and unmatched experience of products and services makes it a preferred financing provider.

In addition, ProfitiX provides a full-service choice of highly effective instruments such as currencies, oil, and precious metals, and many other tradable assets.

Let’s dig into this ProfitiX review.

ProfitiX Trading Accounts

Enjoy a variety of benefits when you open an account with ProfitiX and access your equity awards as a ProfitiX client.

account types profitix

ProfitiX offers a range of accounts that you can take advantage of. The broker is focused on innovating to meet the needs of customers. However, ProfitiX also anticipates change and responds quickly. Also, the account types are for individual specifications on financial instruments.

Mini Account

With 250 USD, you can start trading with 0.01 order size and a leverage of up to 1:400.

Advanced Account

A maximum order size of 10.00 with leverage of 1:400 then begin trading more instruments with 25,000 USD.

Executive Account

Start with 50,000 USD and you can acquire earnings more strategically and a trading portfolio and other market analysis will be provided.

To experience hedging and to have a trading portfolio, begin with 100,000 USD.

VIP Account

By opening a VIP account, experience hedging, and trade assets with a low market price difference that has negative balance protection.

ProfitiX Trading Conditions

ProfitiX Minimum Initial Deposit

An initial deposit is 250 USD. However, a 100 USD deposit is needed with traders who have an existing account for their maintaining balance.

ProfitiX Market Price Difference & Commissions

ProfitiX actively helps active traders around the world to get an edge in today’s fast-moving markets. That’s why it is 24-hour trading. It is also competent with its low-price differences in currency pairs with zero commissions on hundreds of shares.

Besides, trading gives you a quick completion time, which is an advantage against its competitor to prevent wasting time and losing good trades.

In addition, other assets such as oil, gas, metals, and more have zero commissions.

ProfitiX Maximum Leverage

Leverage as high as 1:400 can be used by ProfitiX consumers.

ProfitiX Trading Platforms

ProfitiX uses an electronic trading platform widely used by online retail foreign exchange speculative traders known as the MetaTrader5 Multi-Asset Platform. MT5 is accessible in PC, Web, and Mobile.

A new version of the platform offers its web clients access to any device anytime and anywhere.

The MetaTrader5 is used in financial trading to advance its functions and serve as a first-rate tool that attracts users engaged further in the currency pairs market.

The MetaTrader5 multi-asset platform supports the hedging method. The most popular multiple positions of the same financial instrument of opposite or same direction work in the currency pairs trading.

The MetaTrader5 that has a multi-asset research and trading software platform can be used on a separate or connected compatible online broker.

The epicenter for algorithmic trading development emerged and that is Metatrader5, which has literally millions of users worldwide.

The features and functions of the Metatrader5 that are the most important ones. They are Programming Language, Market Statistics, Mobile Trading, Strategy Testing and Optimization, and Market Depth. There are many other features to use from it if you explore the website closely.

MT5’s Important Features and Functions

Programming Language

The MQL5’s programming language focuses on the trading specialization that makes it different from others. Functions like technical analysis and trade management are built-in in the MQL5.

A trading robot or an expert advisor automatically analyzes quotes, currency pairs, and instruments.

A Custom Indicator examines the currency and stocks.

Also, closing open orders use special doors. Thus, single-time execution uses a script on simple trading actions.

The library stores and distributes codes and units for the development of the trading applications.

The MetaQuotes Language 5 permitted the use of “Black box” programming. Besides, it means, programs are easy and user-friendly. Creators of trading robots and clients use the new context program.

Time series was added to the several functions of the Metatrader5. Meanwhile, transferring of codes from the MT4 going to MT5 is easier due to this new utilization. MT5’s optimization on the extra source code that was done during the compilation achieved the operation’s goal in making it faster.

The Metatrader5 platform made numerous other features from its original programming that made it innovative and leading.

Market Statistics

The MetaQuotes allowed the obtaining of various market statistics with different financial instruments, trading in exchange for enforcement mode. Just press “Market Watch” and then “Statistics” in the menu to view relevant information such as the percentage of price change, total volume, number of buy and sell orders, buy and sell volume, and average-weighed price.

Mobile Trading

Also, the mobile version of Metatrader 5 provides everything for the best trading operations performance. The One-Click Trading option is available on the platform. The Market Depth window shows the price chart directly for orders.

The professional technical analysis of currency and exchange quotes are enabled for the usage of 30 built-in indicators and 24 analytical objects.

The latest creation of MT5 is for iOS devices. MetaQuotes has announced it for the market statistics by providing various financial instruments on trading in exchange execution mode.

MetaTrader 5 is also available as a mobile app for Android users. Trading accounts are now accessible and can be checked anytime, anywhere.

Strategy Testing and Optimization

Part of the Metatrader 5 is a built-in Strategy Tester. This allows the users to be efficiently evaluated by a trading robot before being used in a real account. Moreover, trading robots actively check the algorithms, and historical data over a selected period and virtual operations.

During live trading, possible behaviors are simulated, and results are tested to allow trading strategy evaluations to be efficient. The main advantage of the Strategy Tester is the possibility of a robot on evaluating the performance prior to trading on a real account.

The Strategy Tester of MetaTrader5 offers diverse testing modes to achieve the optimal speed or quality ratio. However, examination and identifying of correlation between multiple currencies are allowed by testing the multi-currency trading robot’s capability.

The broker offers a real-time testing process. Also, trading sessions that were performed and tested by the Expert Advisor are shown in a chart. In addition, the Expert Advisor does appropriate changes after a week of detection on the points of a comprehensive testing report created after the test run. Also, trading robot experts test different input parameters and selecting optimal values.

Also, the wide-ranging process of optimization of a complex robot is short and uses genetic algorithms. However, the new built-in features come with a custom visualization method and optimization results in 2D or 3D modes.

Market Depth

The MetaTrader5 system gives a maximum advantage experience in any market situation.
A Tick Chart and Time & Sales information are included in the advanced feature of the Market Depth of the MetaTrader5. Besides, trades are separate on the accounting and orders. A two-order accounting mode is running the platform. However, they are the hedging method that can be used in currency pairs and the netting, which mode adopted from the exchange markets.

Moreover, with the One-Click Trading function and Market option, clients can buy and sell currency pairs, equities, and futures.

The Stop Loss and Take Profit support profits and minimizing losses.

In addition, an active chart is provided to look at the market depth information, analyzing depth, quotations, and the volume of securities offered in a price allowed to investors by using the MT5 platform. The view of quotations is on display for the pending orders from the liquidity provider.

Methods of Payment

Maybe the most important part of this ProfitiX review is money withdrawal. Transactions are simple and straightforward with ProfitiX. Withdrawals do not require charges. Also, the broker offers a variety of deposits.

In addition, payment in ProfitiX varies on different methods such as visa credit cards, master cards, Western Union, and MoneyGram, as well as a cash payment and e-payments or e-wallets like Diners Club, Neteller, and Skrill.

However, clients choose methods on how to deposit depending on the currencies they have. USD, GBP, and EUR are the only focus of ProfitiX on currencies.

ProfitiX Review: Summary

A way of increasing a country’s economy these days is by trading. In addition, the exchange of goods and services is one solution between countries in which prices, supply, and demand are affected by global events

The website’s main objective is for traders to transact in a simple and assured way also to reduce the efforts, and avoid rushes on their schedule.

The website’s main feature reduces the manual work in an efficient way that makes it competent to others. It is also accessible for traders who are flexible wherever and whenever they want to connect to it.

profitix website

A quick time of completion makes it convenient and reliable. Besides, online trading makes it easy to apply on its record, further enhancements can be utilized to the website if it only requires.

Moreover, traders encounter problems when they rely on the suggestions of their brokers they trust. Also, regarding the online trading traders that are not familiar with it and don’t have full knowledge about it find it confusing and see it as a risky move because with just one wrong entry made by them, a huge loss can be suffered.

We hope that you have found this ProfitiX review useful and it will help you with the trade!

  • Support
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  • Spreads
  • Trading Instument
Overall
5

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93 Comments

  1. Avatar Abigail Wrench June 1, 2020
  2. Avatar Zoe Venn May 27, 2020
  3. Avatar Sebastian Fenstermacher May 25, 2020

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