ProfitiX is a somewhat new Forex broker which was established in 2019. The broker is headquartered offshore in Kingstown in St Vincent and the Grenadines. 

ProfitiX offers access to over 10 000 markets, including currencies, commodities, stocks, and other derivatives. ProfitiX has 250 total employees and has grown quickly since 2019.  

Is ProfitiX Regulated?

No, according to the broker’s website, ProfitiX is only registered with the Financial Services Authority of Saint Vincent and the Grenadines. 

This registration does not count as regulation and does not guarantee customer protection measures, such as participation in a compensation scheme by the broker. 

Is ProfitiX Regulated in the United States?

No, ProfitiX is not regulated in Virginia or any other US state. 

Is ProfitiX Regulated in Europe?

No, ProfitiX is not regulated in Europe. 

Is ProfitiX regulated in a Tier-1 Jurisdiction?

According to the ProfitiX website, ProfitiX is not regulated under Tier-1 jurisdiction. 

Tier-1 jurisdiction would allow licensing for ProfitiX to operate in the following countries: Australia, Austria, Belgium, Denmark, Finland, France, Germany, Hong Kong, Israel, Japan, Luxembourg, Netherlands, New Zealand, Norway, Puerto Rico, Singapore, Sweden, and Switzerland.

Is ProfitiX regulated in Tier-2 Jurisdiction?

According to the official ProfitiX sources, ProfitiX is not regulated under Tier-2 jurisdiction. 

Tier-2 jurisdiction also gives ProfitiX license to operate in certain countries, which include the following: British V.I., Cayman Islands, Cyprus, Italy, Malaysia, Mexico, Poland, Portugal, Spain, and Taiwan.

What are the Platforms and Tools for Forex Trading in ProfitiX?

ProfitiX offers its traders access to the proprietary Profi Trader platform, as well as a WebTrader.

1. Profi Trader from ProfitiX boasts competitive pricing and fast order execution and is packed with advanced trading features such as charting tools, four types of trade execution, and automated trading capabilities. 
2. WebTrader from ProfitiX is a direct interface that allows users to trade with the broker’s advanced features directly from the web, without having to download the software. This allows online access from a computer anywhere in the world. 

Does ProfitiX Have a News Blog for Forex News?

Yes. A free news blog is provided directly from the ProfitiX website. The news blog consists of daily financial news videos that cover relevant and upcoming market events which may impact currency and commodity prices in the short and medium-term. 

Does ProfitiX Have a Traders Dashboard?

A Traders Dashboard on a broker’s website will provide a dedicated portal that covers all relevant market news and fundamental analysis in one convenient location. Unfortunately, ProfitiX does not provide a Trader’s Dashboard on its website. 

Does ProfitiX Have an Educational Section?

Yes, ProfitiX provides an educational section on its website that provides comprehensive learning tools packed with dedicated educational videos. 

To access the educational section, users need to have a trading account with ProfitiX, as the content is not available to the public.  

What is the content of ProfitiX Forex Education?

There are several educational videos divided into categorized lectures that allow traders to start with the basics of Forex trading to more advanced topics. 

Beginner topics will explain what Forex trading is, and give insights into the nature of the Forex market. Intermediary to advanced lectures will provide lessons on fundamental analysis and technical analysis, and the use of various trading strategies and techniques. 

This is a good educational offering from ProfitiX which all beginner traders should use in order to gain a better understanding of Forex trading and perfect their trading techniques. 

Is ProfitiX Legit?

No, ProfitiX is not a legit Forex Broker and Trade Platform. ProfitiX does not have CySEC, FCA, FSCA, ASIC, or any other legal certificates to perform Forex Broker and trading services. 

The broker is only registered offshore with the Financial Services Authority of Saint Vincent and the Grenadines, which does not qualify as proper regulatory status. 

Is ProfitiX Safe?

According to the Forex Suggest review, ProfitiX is not a reliable and safe Forex Trade platform in terms of its regulation, as the broker is not regulated by any reputable regulatory organization. 

However, ProfitiX is a reliable and safe broker in terms of its safety protocols, which consist of the following elements:

• Data protection with strong firewalls and Secure Sockets Layer protocols
• Transaction monitoring under Level 1 PCI compliance services moderation
• Highly effective risk management tools for better control of trading exposure
• Data integrity guaranteed by secure storage of trading servers within certified data centers.

Is ProfitiX a Good Broker?

Yes. According to the Forex Suggest review, for security, trading speed, online support, and cryptocurrencies, ProfitiX is a good broker. 

1. In terms of trading speed, ProfitiX offers ultra-fast trade execution that fulfills order types with direct market access due to the broker’s No Dealing Desk execution model.
2. In terms of security, ProfitiX uses several advanced security measures that include data protection, transaction monitoring, risk management tools, and certified storage. However, users should note that the broker is not regulated. 
3. In terms of online support, ProfitiX offers a live chat option that provides fast access to the client support team. This will allow traders to have pressing queries solved quickly and efficiently. 
4. In terms of cryptocurrencies, clients can trade leading cryptocurrency options such as Bitcoin, Ethereum, Litecoin, and Bitcoin Gold. 

What is the Offering of Investment in ProfitiX?

Offerings of ProfitiX can be found below.

Does ProfitiX have Nasdaq?

Yes, ProfitiX provides traders with access to the Nasdaq 100 Stock Index. The Nasdaq is an American stock exchange that is currently the second-largest in the world. 

What are the Awards of ProfitiX?

According to the official sources and Forex Trading platforms, ProfitiX does not have any awards listed to date. 

How to Use ProfitiX for Forex trading?

To use ProfitiX, a forex trader should have the necessities below:

1. A copy of their identification documents
2. They should be 18 years or older
3. They should be able to afford the minimum deposit of $250

If a Forex Trader has the conditions above, they can open a forex trading account to use ProfitiX. 

How to open a Forex trading account with ProfitiX?

To open a Forex Trading account with ProfitiX, a trader should follow the steps below.

1. Navigate to the account registration portal on the ProfitiX website
2. Complete the online registration form. Provide your full name, date of birth, email address, phone number, resident address, country of residence, and select your base currency
3. Read and accept the terms and conditions
4. Click “Create Account” to initiate the registration process. Once your registration has been approved, a support team member will contact you via email to confirm your account setup. 

What is the Forex Trader Account Types with ProfitiX?

Forex Trading Platform and Financial Asset Management Institution ProfitiX have 6 different account types. Every Forex trading account type has different features and conditions with ProfitiX. 

ProfitiX Account Types are listed below. 

1. Mini Account

2. Advanced Account

3. Executive Account

4. Prime Account

5. VIP Account

• Mini Account

The Mini Account from ProfitiX is best suited to beginner traders and clients with small capital. The account offers individuals, who plan to venture into trading in markets, the right trading conditions and risk exposure to get started. The account features are described below. 

• $250 minimum deposit
• spreads from 3 pips (variable or floating)
• up to 1:400 leverage
• micro lot (0.01)
• access to Profi trader
• desktop, web, and mobile trader
• education center
• price alerts
• no commission

• Advanced Account

The Advanced Account from ProfitiX is designed for expert traders. Users can perform any trading style or investment ideas on an Advanced Account.

The account also offers a wider range of instruments for trading currencies, indices, metals, commodities, and derivatives, using the account features described below. 

• $2,500 minimum deposit
• up to 1:400 leverage
• variable or floating spreads
• 10.00 maximum order size
• account manager
• customized trading strategy
• access to Profi trader
• desktop, web, and mobile trader
• education center
• price alerts

• Executive Account

The Executive Account from ProfitiX offers full access to professional charting tools, and traders are provided with their own portfolio as well as other market analysis, along with the trade features described below. 

• $25,000 minimum deposit
• personal portfolio
• exclusive daily market analysis
• research tools
• variable or floating spreads
• account manager
• access to MetaTrader 5
• desktop, web, and mobile trader
• trade assets (all assets)
• education center
• price alerts

• Prime Account

The Prime Account from ProfitiX is designed for professional-level traders and provides investors with competitive pricing conditions and a range of services, alongside the account features described below.

• $100,000 minimum deposit
• hedging
• personal portfolio
• exclusive daily market analysis
• fixed spreads
• research tools
• account manager
• access to Profi trader
• desktop, web, and mobile trader
• trade assets (all assets)
• education center
• price alerts

• ProfitiX VIP Account

The VIP Account from ProfitiX is designed for high net worth investors and active participants who often trade large volumes, and provides them with exclusive features for an enhanced trading environment, with the trade features described below. 

• hedging
• negative-balance protection
• personal portfolio
• the low market price difference
• fixed spreads
• research tools
• account manager
• access to Profi trader
• desktop, web, and mobile trader
• trade assets (all assets)
• education center
• price alerts

How to Withdraw Money from ProfitiX?

To withdraw money from ProfitiX, the following should be done:

• Login to your account with your registered email and password
• Go straight to the Withdraw Funds section and click on the ‘proceed' button
• Choose your withdrawal method through the broker’s secure cashier interface

How many days do deposits take with ProfitiX?

Deposits with ProfitiX take one working day to process and reflect within your account. This is true for all of the available deposit methods. 

What are the costs and fees with ProfitiX?

There are three types of costs with ProfitiX. Commission costs are for cTrader Account users, spread costs are for all account users, and swap costs are for users who hold a position open overnight. 

A Forex Trading Cost is incurred by all traders who use the brokerage services from ProfitiX. Not all traders will incur all of these cost types, which may vary depending on the account type or the instrument traded. 

Commissions are charged on round trades and will only apply to some accounts. Swap fees consist of interest charged on positions held overnight. 

The Forex Trading Fees with ProfitiX are below. 

1. Commission: On all accounts except the Mini Account
2. Swap Fees: Yes
3. Spreads: from 3 pips
4. Inactivity Fees: Yes
5. Account charges: if funds drop below $100

What are the Trading Fees with ProfitiX?

Both deposits and withdrawals are free of charge from ProfitiX. The broker charges swap fees on positions held overnight and does not offer the option of a swap-free account. 

This means that traders of the Muslim faith will not have the option of an Islamic Account, which does not include swap fees, as this type of interest is strictly prohibited by Sharia law. 

What is the minimum deposit in ProfitiX?

The minimum deposit required in order to open an account with ProfitiX is $250. However, the minimum deposits increase depending on the account types, as described below. 

• Mini account: $250
• Advanced account: $2 500
• Executive Account; $25 000
• Prime Account: $100 000

What are the contract specifications in ProfitiX?

Does ProfitiX have promotional offers?

No, ProfitiX does not provide promotional offers or bonuses to its new or existing clients. This is not due to regulatory restrictions, and so the broker may choose to offer bonuses in the future.  

Does ProfitiX have a welcome bonus?

No, ProfitiX does not offer a welcome bonus. 

ProfitiX is one of a few No Dealing Desk Brokers (NDD) in the global Forex industry. NDD brokers simply link two parties together and do not take the opposite position to their clients’ trade, as they do not pass their clients’ orders through a Dealing Desk.

Does ProfitiX have a deposit bonus?

No, ProfitiX does not offer a welcome bonus. This is not due to regulatory restrictions but is not a feature of the broker’s offering at this stage.  

Is there a commission-free trade bonus in ProfitiX?

No, ProfitiX does not offer a commission-free trade bonus. That said, the broker does offer commission-free trading on the Mini Account. 

Is there a VIP bonus in ProfitiX?

No, ProfitiX does not offer a VIP bonus. However, VIP clients will have access to several exclusive features, such as hedging, negative-balance protection, a personal portfolio, and low market price difference.

Can you start trading with no money at ProfitiX?

No, you cannot start trading with no money at ProfitiX. This is due to the fact that ProfitiX does not provide a any deposit bonus, therefore traders will need to invest their own funds when opening a Trader Account.

How does leverage work with ProfitiX?

Leverage can be understood as funds that are borrowed from the broker. These borrowed funds can be used to increase a trader’s position, and amplify profits. However, using leverage can also increase losses.  

Traders can use leverage with ProfitiX according to their account type and trading philosophy. Traders can access leverage from 1:1 to 400:1, while with derivatives traders gain full exposure to the global market by using only a portion of the investment at low margin requirements.

Where are the headquarters of ProfitiX?

ProfitiX is headquartered in Kingstown, St Vincent, and the Grenadines. ProfitiX does not list any other global offices. 

Who is ProfitiX’s CEO?

The CEO of ProfitiX is Dejan Vojvodic.

What are the social media accounts of ProfitiX?

Traders can follow ProfitiX on the following social media accounts:

• Twitter
• Facebook
• Instagram
• YouTube

How many employees do work for ProfitiX?

According to dnb.com, ProfitiX has a total of 250 employees.

What are the opinions about ProfitiX?

Trader reviews are positive about the offerings and features provided by ProfitiX. These positive conditions include access to over 10 000 assets, fast execution, price stability, low latency, low margin requirements, and excellent customer support. 

However, some feedback points to ProfitiX’s lack of regulation, which is something prospective clients should keep in mind, as they will have no recourse to a compensation scheme and independent client protections. 

That said, many users do point to the excellent protection measures offered by ProfitiX, which include SSL encryption, added data security, and the storing of client funds in segregated accounts. 

What are ProfitiX Contests?

These Forex Contests are offered by some brokers and allow participant traders to earn an extra profit on contest winning. Trade contest parameters see traders compete against each other for the best trade outcomes. 

ProfitiX didn't perform any Forex Contest in the past. For the future forex exchange contests and competitions, ProfitiX didn't perform any official announcements yet.

Does ProfitiX have online support?

Yes, ProfitiX has an online support team for Forex trade account users. The online support team can be contacted by clicking on the chat button directly on ProfitiX's official website. 

Does ProfitiX offer demo accounts for Forex trading?

No, ProfitiX does not offer a free demo account to new traders. This is unfortunate, as such a demo account would allow new traders to test the broker’s features in a risk-free environment before deciding to sign up for a real account. 

Does ProfitiX have a mobile app for Forex trading?

Yes, ProfitiX offers the proprietary Profi Trader Multi-Asset Platform which can be downloaded as a mobile app. 

This mobile app will allow users to access currency pairs, stocks, and shares. It offers improved and more advanced tools for comprehensive price analysis, the use of algorithmic trading applications, and copy trading.

Profi Trader allows the hedging method, which enables opening several positions of the same financial instrument, of opposites or same direction. This feature is very popular in currency trading, providing users with more profitable trading opportunities. 

Does ProfitiX publish an economic calendar?

An economic calendar is a much-used resource amongst Forex traders as it allows them to stay updated on relevant market movements that may impact their trades. The information on the calendar indicates which important announcements are scheduled to be released. 

ProfitiX does offer an economic calendar. ProfitiX’s economic calendar provides information on financial events, forecasts, and historical data.

What is the communication information of ProfitiX?

ProfitiX has one telephone number and one local address. 

ProfitiX’s main telephone number is +18007997635.

ProfitiX’s main local address is: Carenage Bay Canouan Island, VC0450 Kingstown, Saint Vincent & Grenadines