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Suspicious Clone
Score
1.27 /10
Danger
NetProfit
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Score
Regulatory Index0.00
Business Index5.18
Risk Management Index0.00
Software Index4.00
License Index0.00
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Licenses
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
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Warning: Low score, please stay away!
3
Previous Detection :
2024-11-11
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The United KingdomFCA regulation (license number: 433413) claimed by this broker is suspected to be clone. Please be aware of the risk!
WikiFX Verification
Note: Guide's official website: https://www.net-profit.eu/ is currently inaccessible normally.
| NetProfit Review Summary | |
| Founded | 2023 |
| Registered Country/Region | United Kingdom |
| Regulation | FCA (Suspicious clone) |
| Market Instruments | Forex, Stocks, Indices, Crypto, Commodities |
| Demo Account | / |
| Leverage | Up to 100:1 |
| EUR/USD Spread | From 3 pips |
| Trading Platform | Web |
| Min Deposit | $250 |
| Customer Support | Phone: +44 208 097 1258 |
| Email: support@net-profit.eu | |
| Physical Address: 2 Gresham Street, London, EC2V 7BX, England | |
NetProfit is an unregulated broker registered in the United Kingdom, offering trading on Forex, Stocks, Indices, Crypto, and Commodities with leverage up to 100:1.
Pros and Cons
| Pros | Cons |
| Various market instruments | Suspicious clone FCA license |
| High spreads | |
| High minimum deposit | |
| No MT4/5 |
Is NetProfit Legit?
The regulated entity on the regulatory license provided is DMG UK Ltd, but its entity name is NetProfit, which is inconsistent. It is obvious that a fake license is being offered to deceive traders.
| Regulatory Authority | Financial Conduct Authority (FCA) |
| Regulatory Status | Suspicious Clone |
| Regulated by | United Kingdom |
| Licensed Institution | DMG UK Ltd |
| Licensed Type | Appointed Representative (AR) |
| Licensed Number | 433413 |
What Can I Trade on NetProfit?
NetProfit offers various maket instruments including Forex, Stocks, Indices, Crypto, and Commodities.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Stocks | ✔ |
| Cryptos | ✔ |
Account Type
| Account Type | Min Deposit | Max Leverage |
| Beginner | $250 | 2x - 20x |
| Silver | $5,000 | 2x - 50x |
| Gold | $10,000 | 2x - 100x |
| Platinum | $50,000+ |
Higher account tiers generally offer enhanced trading conditions and benefits, but traders should be aware that minimum deposit is relatively high comparing to industry standard ($100), which you should take into consideration of when deciding to trade with the broker or not.
Leverage
NetProfit offers flexible leverage ratios up to 100:1.
| Forex | Stocks | Crypto | Gold | Indices |
| 100:1 | 100:1 | 10:1 | 100:1 | 100:1 |
Spread and Commission
| Currency Pair | EUR/USD | GBP/USD | USD/JPY |
| Spread | 3.0 | 4.0 | 3.0 |
| Account Type | Commission |
| Beginner | 1% - 2.5% |
| Silver | 0.5% - 2% |
| Gold | |
| Platinum | 0.25% - 1.5% |
Trading Platform
NetProfitoffers a basic web-based trading platform. While the platform's intuitive interface is suitable for beginners, it lacks advanced features such as Expert Advisors (EAs). This limitation restricts automated trading strategies, requiring traders to manually place and manage orders.
Deposit and Withdrawal
NetProfit facilitates deposit payments through Bank transfer, Credit/Debit cards, Cryptocurrencies, and e-wallet payment methods, such as Skrill.
| Payment Method | Min Deposit | Deposit Time | Withdrawal Time | Fee |
| Bank transfer | $250 | 2-5 business days | 5-10 business days | $25+ |
| Credit card | Instant | 24 hours | ❌ | |
| Skrill | 1 hour | 2% | ||
| Crypto | 24 hours | Fee depends on crypto |
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