Profi Trade 24/7-Some Important Details about This Broker

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 you 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.

General Information & Regulation

Profi Trade 24/7 claims to be an online trading broker giving their clients access to a series of trading instruments, including Currency Pairs, Metals, Futures, Indices, Energies, and Shares. With the Profi Trade 24/7 platform, investors are given the flexibility of choosing from five types of trading accounts, Beginner, Trader, Expert, VIP, and Exclusive.

Here is the home page of this brokers official site:

Profi Trade 24/7 is not subject to any regulation to operate illegally. And thats why WikiFX has given this broker a very low score of 1.16/10. Please be aware of the risk.

Note: The screenshot date is February 9, 2023. WikiFX gives dynamic scores, which will update in real-time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores.

Market Instruments

Clients are provided access to 300+ instruments across 6 asset classes, including Currency Pairs, Indices, Metals, Energies, Futures, as well as Shares.

Account Types

Beginner, Trader, Expert, VIP, and Exclusive accounts are available options for all clients. The minimum deposit amount specifies the account type, with the Standard 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. Undoubtedly, the minimum deposit required by each account is absurdly high in comparison to those genuine brokers who ask for a minimum deposit below $100.

Leverage

Trading leverage varies depending on trading accounts, ranging from 1:10 to 1:50. However, on its homepage, the broker advertises to offer 200:1 leverage. Since leverage can amplify both gains and losses, it can result in devastating losses for investors who lack experience. If you're just starting in the trading world, it's best to stick with the lower size, no more than a 1:10.

Commissions

Profi Trade 24/7 says that all charging no commissions.

Trading Platform

When it comes to trading platforms, Profi Trade 24/7 provides a proprietary WebTrader on Desktop and Mobile devices. Anyway, you had better choose brokers who offer the leading MT4 and MT5, which are highly praised by traders and brokers alike due to their ease of use and great functionality, offering top-notch charting and flexible customization options. They are especially popular for their automated trading bots, a.k.a. Expert Advisors.

Deposit & Withdrawal

The minimum deposit is €250, and deposits and withdrawals can be made through VISA and MasterCard only.

Customer Support

If you have any inquiries or trading-related issues, contacting Profi Trade 24/7 is not an easy thing. Only an email address is provided: support@profitrade24-7.com. Alternatively, you can choose to fill up the contact form on the webpage and wait to be connected.

Pros & Cons

Frequently Asked Questions (FAQs)