Profit Trade Review: Bonus, Platform, Withdrawals and More

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Profit Trade is among the few brokers in the industry that offer nearly perfect trading conditions. Their leverage and spreads are just about right for both beginner and experienced traders. But is Profit Trade legit? InsideBitcoins investigation reveals that this broker is legit. Our live test shows that it is possible to make thousands of dollars per day through this broker.

However, you need a trading robot to get the most out of Profit Trade. Our investigation shows that Bitcoin Trader is the best choice. With this robot, you can make an average of $1500 per day. Keep reading to learn more about Profit Trade or click the trade now button below to start trading with this broker through Bitcoin Trader.

  • Robot
  • Rating
  • Properties
  • Trade
1
 
Free to use
  • 82% claimed win-rate
  • $250 Min Deposit
  • Accepts Debit and Credit Card
All trading carries risk

What is Profit Trade?

Profit Trade is a crypto, forex, and CFD broker founded in 2017 in the Marshall Islands. For the last one year, this broker has managed to build a name for itself in the crypto industry. As mentioned earlier, Profit Trade popularity is associated with Bitcoin Trader, a renowned trading bot.

InsideBitcoins investigation shows that traders who use Profit Trade broker through Bitcoin Trader generate daily profits of up to $5k. Profit Trade is a non-dealing-desk broker. Unlike dealing-desk-brokers, non-dealing-desk brokers (STP) make money through commissions. Profit Trade charges a small commission on the profits made by the trader. When trading with Bitcoin Trader, the commission is a little bit higher. However, traders do not feel it given the high profits generated through the bot. Bitcoin Trader does not handle any deposits and therefore the commission is charged through the broker.

Interestingly, you do not need to master any trading lingo to use Profit Trade through Bitcoin Trader. Bitcoin Trader is a fully automatic robot best fit for all types of users. The platform comes with an easy to use interface and a guide to help traders set up the web-trader. Read our Bitcoin Trader review to learn more about this robot.

Profit Trade Regulation

Profit Trade is a well-regulated broker operating internationally. This broker has regulators its country of origin and also in the UK and Australia. In the Marshal Islands,  a company known as Global Top Marketing LTD owns it. The regulators outside Marshal Island include the UK Financial Conduct Authority and the Australian Securities and Investment Commission (ASIC). These two are the world most reputable regulatory bodies.

Trading with a regulated broker means more deposit safety. Almost all regulatory bodies require brokers to segregate deposits and only use them for the intended purpose. Brokers must also adhere to strict reporting requirements. Without regulation, there is no way for the trader to hold the broker accountable for their deposits.

Is Profit Trade legit or scam?

InsideBitcoins finds Profit Trade to be highly legit. This broker is highly reputable and well regulated. As mentioned above, they fall under the regulatory mandate of the UK FCA and the Australian ASIC. These are the two most powerful regulatory bodies in the world.

Profit Trade provides 6 trading account types. These include Educational, Standard, Premium, VIP, Tailored, and Robot. Each account has its advantages and minimum deposit requirements. When trading with Bitcoin Trader robot, you need a minimum deposit of $250. The robot is made to get the most out of the Educational account type. We recommend that you start with this account and only add capital as you get used to the platform.

Regarding popularity, we can confirm that this broker popularity is as a result of Bitcoin Trader. Those who try it report making an average profit of $1500 per day using Bitcoin Trader through Profit Trade Educational account. Even better, Bitcoin Trader is fully automatic meaning that anyone including complete beginners can use it.  You can start trading with Profit Trade through Bitcoin Trader by clicking on this link.

Trading platform

Profit Trade provides the MT4 and also its own proprietary trading software. MT4 is the most popular trading platform in the industry. It is known for its speed and many superior functions. For instance, it comes with multiple indicators and charting tools to help traders in research.

When it comes to algorithmic trading, it has functionalities in place to allow integration with trading bots such as Bitcoin Trader. The MT4 in itself is hard to use for complete beginner traders but is extremely easy to use when offered through Bitcoin Trader. You need less than 20 minutes to master the Bitcoin Trader platform and start live trading.

How to Trade on Profit Trade through Bitcoin Trader

Bitcoin Trader provides the best opportunity to make the most out of the Profit Trade Broker. We recommend that you open an account with them. The account opening process is simple and secure. Furthermore, this robot is fully automated meaning that does not need any expertise to use it. Here is a step by step guide on how to open an account with Profit Trade through Bitcoin Trader.

Step 1: Registration

Here you need to fill in your personal details in a form provided on the Bitcoin Trader website. The required details include name, email, and phone number. You will be asked to verify your phone and email to proceed. This activity should not take you more than three minutes.

Step 2: Deposit

After registration, you need to deposit your trading capital to proceed. Bitcoin Trader requires a minimum deposit of $250. InsideBitcoins recommends that you start with this amount and add capital when you get used to the platform.

Bitcoin Trader accepts multiple deposit methods to include Visa, MasterCard, Wire Transfer, Maestro, Webmoney, and Neteller. All deposits take a few hours to reflect in the trader’s account.

Step 3: Demo Trading

The Profit Trade demo through Bitcoin Trader is meant to help the trader master the features found in live trading platform. InsideBitcoins recommends that you go through the demo to learn how to use the live platform.

Step 4: Live Trading

Bitcoin Trader is a fully automatic robot. Consequently, the robot carries out all the investment research and trading. The role of the trader with this robot is to open and close trading sessions. You do not need any specialized skills to use this robot.

Profit Trade: Trading Conditions

Leverage

Profit Trade provides a leverage of up to 1:100. This is the best level for a trading robot. High leverage requires a high level of accuracy since it means magnified profits and losses. Our live test reveals that Bitcoin Trader has an accuracy level of 99.4%.

Commissions and Spreads

Profit Trade offers fixed spreads for the Educational and Standard accounts. Other types of accounts have floating spreads of up to 0 pips. When trading through Bitcoin Trader traders pay a small commission on the profits they make.

Account types

Profit Trade offers six account types. These include Educational, Standard, Premium, VIP, Tailored and Robot. When trading with Bitcoin Trader, you access the Robot account with a minimum deposit of $250. However, other trading robots must deposit a minimum deposit of $5k.

Withdrawals

Profit Trade through Bitcoin Trader allows you to withdraw your money whenever you want. All you need to do is to fill a withdrawal request form on the platform. All transactions facilitate within 24 hours.

Educational resources

For traders who opt for the traditional Profit Trade account, there are a lot of educational resources on their website. However, we do not recommend the traditional account. You need a high level of expertise to make money through this account. However, with Bitcoin Trader robot, you get better results without having to invest in any education.

Customer support

InsideBitcoins investigation finds Profit Trade to provide excellent customer services. Our live test shows that it takes less than a minute to get connected to their customer service agents through phone or live chat.

Why Profit Trade is a good broker

The following are the top reasons as to why you should sign up with Profit Trade through Bitcoin Trader.

  • High profits – Profit Trade through the Bitcoin Trader ensures high profits of up to $5k per day.
  • Well regulated – Profit Trade falls under the regulatory mandate of FCA and ASIC, the world largest regulatory bodies. With this level of regulation, traders are assured that their deposit is safe.
  • Easy withdrawals – With this broker, all transactions are facilitated within 24 hours. You can withdraw your money whenever you want. All you need to do is to fill the withdrawal request form on their website.
  • Excellent trading conditions – Profit Trade offers a leverage of 1:100. While this may be a bit risky in traditional trading, it is about right in algorithmic trading. That’s why we recommend that you trade with Bitcoin Trader.
  • Robot
  • Rating
  • Properties
  • Trade
1
 
Free to use
  • 82% claimed win-rate
  • $250 Min Deposit
  • Accepts Debit and Credit Card
All trading carries risk

FAQ

Is Profit Trade legit?

InsideBitcoins finds Profit Trade to be highly legitimate. We recommend that you open an account with them through Bitcoin Trader.

How much should I trade with Profit Trade?

Profit Trade through Bitcoin Trader requires a minimum deposit of $250. InsideBitcoins recommends that you start with this amount and only add capital as you get used to their platforms.

How much can I make with Profit Trade?

Traders who try this broker through Bitcoin Trader robot report an average daily profit of $1500. Our live test shows that it is possible to make up to $1k per day with a deposit of $250.

 

Views expressed are those of the writers only. Past performance is no guarantee of future results. Trading comes with severe risk. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. This website is free for you to use but we may receive commission from the companies we feature on this site.

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