Trade Online Profit-Overview of Minimum Deposit, Spreads & Leverage

General Information & Regulation

Trade Online Profit is an online forex broker based in Australia and is a trading name of Trade Online Profit Group Limited, which is regulated by the Cayman Financial Services Authority (Regulatory Number: 1383491).

Market Instruments

Tradable financial instruments offered to traders by Trade Online Profit are currency pairs on the Forex market, commodities, indices, and stock CFDs.

Minimum Deposit

Trade Online Profit provides investors with three types of trading accounts: a standard STP account (minimum initial deposit of $200), a Raw ECN account (minimum initial deposit of $500), and a pro ECN account (minimum initial deposit of $20,000). Trade Online Profit also offers demo accounts and Islamic accounts for investors.

Leverage

When it comes to trading leverage, Trade Online Profit doesn't make this part clear. Leverage magnifies the returns from favorable movements in a currency's exchange rate.It's important that forex traders learn how to manage leverage and employ risk management strategies to mitigate forex losses.

Spreads & Commissions

Standard STP accounts have spreads starting at 1.4 pips and no additional commissions on Forex. Raw ECN accounts have spreads starting from 0 pips and commissions of 3 USD per lot (one side). Pro ECN accounts have spread from 0 pips and commissions from $2 per lot (one side).

Trading Platforms

Trade Online Profit claims to offer traders the most popular and widely used MT4/MT5 trading platforms.

Deposit & Withdrawal

Trade Online Profit only accepts deposits from traders to their accounts via Bitcoin. Needless to say, this is very strange, and the main problem with this payment method is that no refunds are allowed, which means that once deposited, Trade Online Profit has full control over the trader's funds.