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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 review of user testimonials also shows that many users claim to make thousands of dollars per day through this broker.
However, it is allegedly best to use a trading robot to get the most out of Profit Trade. Our investigation shows that Bitcoin Trader appears to be the best choice. This bot claims to generate 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.
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 claim to 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 in 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 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 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.
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
Profit Trade: Trading Conditions
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 allegedly means magnified profits and losses. Bitcoin Trader claims to have 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.
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.
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.
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, Bitcoin Trader robot claims to generate better results without having to invest in any education.
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 claimed profits – Profit Trade through the Bitcoin Trader claims to generate rofits 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.