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Profitlevel -

Score

1.64 /10
Danger

Profitlevel

Cyprus

5-10 years

Regulated in Cyprus

Straight Through Processing(STP)

Suspicious Scope of Business

High potential risk

https://profitlevel.com

Influence

C

Add brokers

Comparison

Quantity 1

Exposure

Open Account
Website

Score

Regulatory Index3.51

Business Index7.96

Risk Management Index0.00

Software Index4.00

License Index0.00

Open Account
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Regulatory disclosure

Sanction

CY CYSEC
2022-07-06
CYSEC Board Decision
Profitlevel
CapitalPanda
BCM

Broker Information

More

Company Name

BCM Begin Capital Markets CY Limited.

Company Abbreviation

Profitlevel

Platform registered country and region

Cyprus

Company website

Facebook

Instagram

Company summary

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away!
Previous Detection : 2025-01-23
  • The number of this brokers's negative field survey reviews has reached 2. Please be aware of the risk and the potential scam!

WikiFX Survey

Danger

Profitlevel

Cyprus

WikiFX Verification

Exposure

1 pieces of exposure in total
Pyramid scheme complaint
Expose
Profitlevel · Company summary

Note: Profitlevel's official website - https://profitlevel.com is currently inaccessible normally.

Profitlevel Review Summary
Founded2015
Registered Country/RegionCyprus
RegulationCySEC
Market InstrumentsCFDs on shares, forex, indices, commodities
Demo Account✅
LeverageUp to 1:30
SpreadFrom 0.01 pips
Trading PlatformMT5
Min Deposit$1,000
Customer SupportContact form
Tel: +357 25-123-307
Fax: +357 25 030 026
Email: support@profitlevel.com, info@profitlevel.com
Twitter, Instagram
Address: 2, Filiou Zannetou, Ground Floor, Office 1, 3021 Limassol Cyprus

Profitlevel, a trading name of BCM Begin Capital Markets CY Limited., is allegedly an STP broker registered in Cyprus that claims to provide its clients with various tradable financial instruments with leverage up to 1:30 and floating spreads from 0.01 pips on the MT5 for Windows and Mac os trading platforms, as well as a choice of six different live account types.

Profitlevel's homepage

Pros and Cons

Pros Cons
Regulated by CySECNon-functional website
Diverse tradable productsConservative leverage
Demo accountsHigh minimum deposit requirement
Multiple account types
MT5 platform
Popular payment options
No deposit and withdrawal fee

Is Profitlevel Legit?

Yes. Profitlevel is regulated by the Cyprus Securities and Exchange Commission (CySEC).

Regulated CountryRegulated AuthorityCurrent StatusRegulated EntityLicense TypeLicense Number
Cyprus
The Cyprus Securities and Exchange Commission (CySEC)RegulatedBCM Begin Capital Markets CY LtdStraight Through Processing (STP)274/15
Regulated by CySEC

What Can I Trade on Profitlevel?

Tradable Instruments Supported
CFDs✔
Shares✔
Forex✔
Indices✔
Commodities✔
Cryptocurrencies❌
Bonds❌
Options❌
ETFs❌
What Can I Trade on Profitlevel?

Account Type

Account TypeMin Deposit
Blue$1,000
Bronze$50,000
Silver$100,000
Gold$350,000
Platinum$500,000
Diamond$1,000,000
Account comparison

Leverage

Profitlevel says to offer a maximum leverage of 1:30 (varies by instrument), while for physical shares, the maximum leverage is up to 1:1. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Leverage

Spread and Commission

Profitlevel claims that the typical spread on physical shares starts from 0.01 pips and the commission on which is 0.75%.

Trading Platform

Trading PlatformSupported Available Devices Suitable for
MT5✔Windows, Mac osExperienced traders
MT4❌/Beginners
MT5

Deposit and Withdrawal

Deposit

Deposit OptionMin DepositFeeProcessing Time
Credit/debit cards$1,000❌/
Bank Transfer$1,000❌/

Withdrawal

Withdrawal OptionMin Withdrawal FeeProcessing Time
Bank Transfer$0❌/
Deposit and Withdrawal

User Reviews

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User comment

5

Comments

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做个良人
more than one year
All is good at first…but after news I was getting off-quote, trade was automatically closed. What really irritating was that their customer support said it was my problem. So shameless and disgusting!
All is good at first…but after news I was getting off-quote, trade was automatically closed. What really irritating was that their customer support said it was my problem. So shameless and disgusting!
Translate to English
2023-03-01 10:10
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李木子19227
more than one year
You could lose money if you are a beginner in forex or CFD trading. You need to exercise extreme caution with the signals you receive and be able to analyze whether or not they are beneficial to your trading account. They are not on your side to provide instruction, but rather to maximize their own gains as brokers.
You could lose money if you are a beginner in forex or CFD trading. You need to exercise extreme caution with the signals you receive and be able to analyze whether or not they are beneficial to your trading account. They are not on your side to provide instruction, but rather to maximize their own gains as brokers.
Translate to English
2022-12-11 16:15
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