HDG MARKETS-Some Important Details about This Broker

Since Profi Trade 24/7's official website (https://profitrade247.com/) is now down, we had to resort to scouring other websites for relevant information in order to construct a rough picture of the company's forex broker operations.

General Information

Profi Trade 24/7 claims to be a forex broker providing access multiple financial markets, such as Sh Indices, Currency Pairs, Energies, Futures, Shares. With the Profi Trade 24/7 platform, investors can get access to five trading accounts: Beginner, Trader, Expert, VIP and Exclusive, the minimum deposit to invest with this broker starting at €250.

Profi Trade 24/7 is not authorized or regulated by any regulatory authority to show it operates legally. Please be aware of the risk.

Market Instruments

With Profi Trade 24/7 platform, five classes of trading instruments, such as Indices, Currency Pairs, Energies, Futures, Shares, are all available through this brokerage platform.

Account Types

Profi Trade 24/7 platform provides four types of trading accounts for both retail and professional traders, namely Beginner, Trader, Expert, VIP and Exclusive. The minimum deposit for each account is quite high, with the Beginner account from €5,000, the Trader account from €10,000, the Expert account from €25,000, the VIP account from €50,000, the Exclusive account from €100,000.

Since Profi Trade 24/7 is an unregulated forex broker, depositing so much into this platform is taking huge risk.

Asides from these five trading accounts mentioned above, swap-free accounts are also available.

How to open an account with Profi Trade 24/7？

Opening an account with Profi Trade 24/7 is an easy and simple process:

1. Click the “Sign Up” link, and fill up some required details on the popping-up page.

2. Upload your personal documents, a copy of your valid passport with the signature page, copies of your credit cards, used to make the deposit, a copy of a recent utility bill in your name and address, for this company to verify your details.

3. Choose the preferable payment methods, fund your account and start to trade with this forex broker.

Leverage

Profi Trade 24/7 provides flexible trading leverage options, ranging from 1:10 to 1:50. Since leverage can magnify gains, it can also cause serious fund losses, especially to inexperienced traders. Therefore, it is wise for beginners to choose the smaller size no more than 1:10 until they gain more trading experience.

Spreads & Commissions

Spreads and commissions are not mentioned on this platform.

Trading Platform

What Profi Trade 24/7 provides is not the MT4 or MT5 trading platform, a Webtrader instead.

Payment Methods

The minimum deposit to trade with this broker is €250, and this broker only supports payment methods including VISA, MasterCard.

Customer Support

Clients can either send this company an email or fill up the contact form provided by this broker if they have any inquiry or trading-related issues.

Risk Warning

Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.

The information presented in this article is intended solely for reference purposes.