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WikiFX | 2024-10-29 15:49

Abstract: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.

Note: Guide's official website: https://www.net-profit.eu/ is currently inaccessible normally.

NetProfit Review Summary
Founded2023
Registered Country/RegionUnited Kingdom
RegulationFCA (Suspicious clone)
Market InstrumentsForex, Stocks, Indices, Crypto, Commodities
Demo Account/
LeverageUp to 100:1
EUR/USD SpreadFrom 3 pips
Trading PlatformWeb
Min Deposit$250
Customer SupportPhone: +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.

NetProfit Review Summary

Pros and Cons

ProsCons
Various market instrumentsSuspicious 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 AuthorityFinancial Conduct Authority (FCA)
Regulatory StatusSuspicious Clone
Regulated byUnited Kingdom
Licensed InstitutionDMG UK Ltd
Licensed TypeAppointed Representative (AR)
Licensed Number433413
Is NetProfit Legit?

What Can I Trade on NetProfit?

NetProfit offers various maket instruments including Forex, Stocks, Indices, Crypto, and Commodities.

Tradable InstrumentsSupported
Forex✔
Commodities✔
Indices✔
Stocks✔
Cryptos✔

Account Type

Account TypeMin DepositMax Leverage
Beginner$2502x - 20x
Silver$5,0002x - 50x
Gold$10,0002x - 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.

Account Type

Leverage

NetProfit offers flexible leverage ratios up to 100:1.

ForexStocksCryptoGoldIndices
100:1100:110:1100:1100:1

Spread and Commission

Currency PairEUR/USDGBP/USDUSD/JPY
Spread3.04.03.0
Account TypeCommission
Beginner1% - 2.5%
Silver0.5% - 2%
Gold
Platinum0.25% - 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.

Trading Platform

Deposit and Withdrawal

NetProfit facilitates deposit payments through Bank transfer, Credit/Debit cards, Cryptocurrencies, and e-wallet payment methods, such as Skrill.

Payment MethodMin DepositDeposit TimeWithdrawal TimeFee
Bank transfer$2502-5 business days5-10 business days$25+
Credit cardInstant24 hours❌
Skrill1 hour2%
Crypto24 hoursFee depends on crypto

Related broker

Unverified
NetProfit
Company name:Net Profit (UK) Limited
Score
1.34
Website:https://www.net-profit.eu/
2-5 years | Suspicious Regulatory License | Suspicious biz area | High potential risk
Score
1.34

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