|Broker Type:||Market Maker|
|Country:||St. Vincent & the Grenadines|
|Operating since year:||2019|
|Address:||Centre For Enterprise Development First Floor, Moussa Building Grenville Street P.O. Box 2343 Kingstown St. Vincent & the Grenadines|
|Trading Platforms:||MetaTrader 5, MT5 for Android, MT5 for iOS, MT5 WebTrader|
|Trading platform(s) timezone:||UTC+2|
|Web based trading:||Yes|
|Other trading instruments:||Currency Trading, Commodities Trading, Shares Trading, Precious Metals, Cryptocurrencies, Stock Indices|
|Minimum deposit ($)||250 USD|
|Maximal leverage (1:?)||1:1 up to 400:1|
|Spread||Variable or floating for mini, advanced, excutive, Fix for Prime and VIP|
|ProfitiX Company Review
ProfitiX is a leading-edge broker in an innovative marketplace with digitally inclined investors and traders with a developed and trusted reputation. With ProfitiX, the complex will be simple, traders can operate highly profitable trades and transactions smoothly.
It offers a wide range of highly effective instruments such as currencies, oil and precious metals, and many other tradable assets.
ProfitiX caters different account types that suite the needs of the traders. Experienced or amateur traders have their place here. Account types are made to offer exclusive opportunity for traders with individual specifications on financial instruments.
A minimum order size of 0.01 with a leverage of 1:400 and you can start trading with 250 USD
You can trade more instruments having 25,000 USD with a maximum order size of 10.00 with a leverage of 1:400
A trading portfolio and other market analysis are provided beginning with 50,000 US and earnings are acquired more strategically.
Having a trading portfolio and hedging experience starts at 100,000 USD
Experience hedging and trade assets with low market price difference by opening a VIP account that has a negative-balance protection.
Minimum Initial Deposit
ProfitiX requires new traders an initial deposit of 250 USD in opening an account. However, traders with an existing account entails a 100 USD deposit for their maintaining balance.
Market Price Difference & Commissions
ProfitiX makes trading and switching to 10,000 financial markets operation without a hitch.
It offers low price differences for currency pairs with zero commissions on hundreds of shares. ProfitiX is a 24-hour trading that lets you make money. It lets you trade in a quick completing time to prevent you from losing money lagged trades. Oil, gas, metals, and more are traded with zero commissions.
ProfitiX consumers can use leverage ratios as high as 1:400
ProfitiX is powered by Metatrader 5 Multi Asset Platform, giving more prospects to trader. MT5 is available for PC, Web, and Mobile.
Metatrader 5 gives an advanced function in financial trading and serves as first-rate tool. The MT5 platform attracts users that engage beyond the currency pairs market. The new version of the platform made it available on the web, in addition to the desktop and mobile, and it can be accessed from any device.
Multiple positions of the same financial instrument of opposite or same direction is allowed. It is used widely in the currency pairs trading. Also, the hedging method is supported by Metatrader5 multi-asset platform.
A separate or connected compatible online broker can use Metatrader5 that has a multi-asset research and trading software platform. Fundamental and quantitative to technical and quantitative analysis are executed by this platform. A numerous attachment of third-party services are in its huge marketplace.
Metatrader has literally emerged as the epicenter for algorithmic trading development with millions of users worldwide.
The MT5 platform runs plenty of features and functions like Programming Language, Market Statistics, Mobile Trading, Strategy Testing and Optimization, and Market Depth as their valuable ones and other more features.
MT5’s Important Features and Functions
The MQL5’s programming language makes it different from others in that it focuses on trading specialization. Technical analysis and trade management functions are an impressive set of the built-in MQL5 that allows application to create automated market analysis and financial trading.
Quotes, currency pairs, and instruments are automatically analyzed by a trading robot or an expert advisor.
Currency and stock prices are analyzed through a Custom Indicator.
Simple trading actions on single-time execution use a script. To close all open orders quickly, a script can be used.
For development of trading application, codes and units are distributed and stored in the libraries.
“Black box” programming is permitted in MetaQuotes Language 5, meaning the platform is programmed easier. An improved context is introduced and used by clients and creators of trading robots.
In addition to the several functions of the MT5 platform, time series was added. Codes from MT4 are easily transferred to MT5. A faster operation is achieved with MT5 since the optimization of the extra source code were done during the compilation.
There have been numerous other features made from the original programming of the Metatrader 5 platform.
Obtaining of various market statistics was made possible by the MetaQuotes on different financial instruments, trading in exchange of enforcement mode. For relevant information to be viewed such as the percentage of price change, total volume, number of buy and sell orders, buy and sell volume, and average-weighed price, just click the menu in the “Market Watch” and press “Statistics”.
The Metatrader 5’s mobile version supplies everything that is needed in performing the trading operations. It also supports One-Click Trading option that allows sending trade orders directly from the price chart from the Market Depth window.
Usage of 30 built-in indicators and 24 analytical objects enables the professional technical analysis of currency and exchange quotes.
MetaQuotes just announced its latest creation for MT5 on iOS devices, so its various financial instruments traded in exchange execution mode will be able to provide market statistics.
Trading accounts are now always with you with the new Metatrader5 mobile app for iOS and Android.
Strategy Testing and Optimization
A built-in Strategy Tester is included in the Metatrader 5, allowing users’ efficiency to be evaluated by a trading robot before being used in a real account. The robot analyzes historical data over a selected period and performs virtual operations according to its algorithm.
Results by testing it allows trading strategy evaluation on its efficiency and simulating possible behaviors during live trading. The possibility of a robot evaluating a performance prior to trading on a real account is the main advantage of the Strategy Tester.
In achieving optimal speed or quality ratio, the Strategy Tester of MetaTrader5 offers several testing modes. It allows testing of multi-currency trading robots capable of examining and identifying of correlation between multiple currencies.
Visualization of the testing process can be in real time. A chart shows trading sessions that were performed and tested by the Expert Advisor. Appropriate changes are done by the Expert Advisor after detecting the week points on a comprehensive testing report created after the test run.
The strategy Tester also utilizes the importance of optimization, allowing a trading robot to test different input parameters and selecting optimal values.
Using genetic algorithms, the wide-ranging process of optimization of complex robot can be significantly shortened. Results in optimization can be seen in 2D or 3D modes, custom visualization methods are also available in the new built-in features.
A maximum advantage in any market situation can be experienced by having Metatrader5 system.
An advanced feature in the Market Depth of the Metatrader5 includes a tick chart and Time & Sales information. Accounting on the trades and orders are separated. The platform provides two-order accounting modes, which are the netting mode from the exchange markets and was adopted while the hedging method can be used in currency pairs.
Clients can buy and sell currency pairs, equities, and futures with the One-Click Trading function and Market option.
In securing profits and minimizing losses the Stop Loss and Take Profit were designed to support.
By using the MT5 platform, an active chart is provided to look at the market depth information, analyzing depth, quotations, and the volume of securities offered in a price allowed to investors. The pending orders from the liquidity provider innovate and display the view of quotations.
Methods of Payment
In ProfitiX, transactions are simple and straightforward. There is no charge on withdrawals. It also offers various methods in deposits.
There is a variety of payment methods to choose from; you can pay via visa credit cards, master cards, Western Union, and MoneyGram, as well as cash payment and e-payments or e-wallets like Diners club, Neteller, and Skrill.
Deposit methods depends on clients and the currencies they have, ProfitiX focuses on currencies such as USD, GBP and EUR only.
Trading has been rising, especially on the exchange of goods and services between countries. It is a way of increasing economies in which prices, supply, and demand are affected by global events.
The main objective of this website is to reduce the efforts, avoid rushes, and make way for traders to trade in a simple transaction and assure a smooth working schedule.
The main features of the website that make it competent are it reduces the manual work in an efficient way, it can be accessed anywhere and anytime of the day, a quick time of completion means no waiting time, and it is convenient and reliable. Records are applied easily on an online trading market. The website can be further enhanced if it only requires to.
The only problem online traders encounter is that they rely suggestions given from their brokers. Another is not every trader is familiar with online trading and doesn’t have full knowledge regarding it. Traders find it difficult and risky as one click of a wrong entry made by them can result into huge losses.