Profit Trade Experience & Results 2021
10 Stars
Profit Trade allows its users to trade a wide variety of CFDs and covers different trading areas at the same time.
Not only can you bet on the prices of foreign exchange and shares, but also on indices.
The search for the greatest possible profit will eventually lead one to the Profit Trade website.
You can trade contracts for differences via the broker and also get a variety of learning materials to get you started in the best possible way.
But what are the fees and is the trading platform at all secure?
All important points will be explained in the following Profit Trade test and the question will be answered whether Profit Trade is a scam or serious.
Advantages and disadvantages of Profit Trade at a glance
Pros
Cons
Register Profit Trade - Our step-by-step guide
Step 1: The registration
The registration process is the same as for any other online portal. Against the disclosure of some personal information, one gets access to the platform.
For the registration, the provider of Profit Trade needs the first name, the last name, the country, a valid e-mail address and a desired password. A telephone number is also required.
Here, one should be particularly careful and be 100% satisfied with the choice of the broker. Because fraudulent websites often use the data to urge the investor to make further deposits.
They also make use of telephone calls during the day and at night. If you have become a victim of such a scam. There you will find helpful information, tips and tricks.
Step 2: The Demo Mode
Profit Trade does not offer a demo mode to get to know the platform. An investment is therefore like an experiment
Step 3: Deposit
As soon as you have submitted all the necessary information, you will be directly forwarded to the deposit. You have the option of depositing by credit card or debit card, by interbank transfer and via your own Bitcoin wallet. This is a special feature compared to other crypto robots.
Here, you can also fill up the balance of your account with cryptocurrencies. It is important, however, that you observe the minimum amount of 250 euros and also transfer this amount of coins. At the moment, however, only bitcoins and no other cryptocurrency are allowed.
The amount of 250 euros also seems to be perfect for every trader. With this much money, one can already carry out a few transactions and get to know the programmes behind the platform better.
There is also the possibility to acquire the most important learning materials. Even experienced investors can put the platform through its paces with this much money. However, the amount is small enough that you don't lose your entire savings.
Step 4: Trade with Profit Trade CFDs & FX
After receiving the money in the client account, one can finally start trading properly. In general, you can trade personally with Profit Trade. However, for this you already need some experience and a good nose for the right assets.
Otherwise, trading works like shopping online. You choose your favourite asset and enter the number of shares. Then you click on "Sell" or "Buy" to invest. All open positions are then displayed under "Open Positions" in the left part of the screen.
One can also set price alerts that inform the user exactly when the asset reaches the selected value. The notifications are also sent to the mobile phone if the Profit Trade app is installed.
This way, you know at any time when it is time to trade. Apart from that, the Profit Trade platform offers
investor few options, there are no additional functions, such as "Stop loss" or other settings.
Profit Trade Crypto Robot
Only if you deposit more than 5,000 euros, you can trade with a crypto robot. But what is such a robot? It is a programme that has been equipped with a mathematical formula.
This allows the software to carry out transactions exactly according to the trader's specifications. However, a crypto robot is no guarantee for profits. As an investor, you still have to make some settings so that the programme can work at all.
There are also numerous websites on the net that talk about their software and sell it as a miracle machine that can sometimes even see into the future. If you read such promises, you should leave the site immediately or approach the matter with the necessary caution.
After all, scammers find it particularly easy online to pull money out of the pockets of unsuspecting traders. That is why you should never switch off your brain when investing and approach the matter logically. By doing so, you can possibly avoid high losses.
What says about Profit Trade experiences
After you have found the website, you will see at the beginning in capital letters what you can trade on the Profit Trade platform. Forex, shares, commodities and indices CFDs are offered. Thus, it is a simple CFD broker.
The type of trading is very speculative and therefore not suitable for beginners. They lack the necessary intuition for price fluctuations and the background knowledge of online exchanges.
That is why often supervised and licensed exchanges have a risk instruction which states that more than 70% of private investors generate losses with the trading option. With Profit Trade it is only written that there could be additional risks. So you have to go to another site to find out about the dangers with CFDs.
What are Contracts for Differences (CFDs)?
This is a trading option where you bet on the price trend of a certain asset. This means that you can earn money if the value falls or lose money if the price rises.
You should know the chosen commodity well and have followed the price closely beforehand so that you make a decision with sound knowledge. If your prediction is correct, you will only receive a certain percentage of your deposit.
However, if you are wrong, you lose your entire investment. That is why this trading option is considered particularly speculative.
Alternatives to CFDs
If you do not want to take the high risk, you can either take your money to the bank or invest it in shares. Of course, with any investment that can produce profits, there is also the possibility of losses.
ETFs, on the other hand, are considered a rather safe investment and if one would like to know more about the trading option.
Is Profit Trade serious or not - the verdict!
How does Profit Trade work - scam or not?
As soon as you take a further look at the Profit Trade offer in the test, you will find a page with different account types. There are Educational, Standard, Premium, VIP, Tailored and Robot.
For each of them there is a minimum deposit and in return the investor receives certain benefits. Thus, he can set up his account exactly according to his own ideas.
In addition, there are also various learning materials for the users. From eBooks to the glossary to video courses, everything is represented. However, the educational opportunities also depend on the deposit amount.
For example, the Robot account has additional books and courses online compared to the standard account. Therefore, you should take a close look at the site beforehand and, if necessary, search for the information you need on another platform.
Additional functions
Apart from that, the providers also provide signals on prices, various charts, an economic calendar and news on the financial sector. However, this is the case with almost all brokers. A special feature, however, is that there is also a separate application for mobile devices.
Here, clients can also carry out transactions and manage the account while on the move. However, the programme has not yet been downloaded very often and only received 3 out of 5 possible stars. Profit Trade seems to have room for improvement here.
The software is only a few megabytes in size and should therefore fit on almost every smartphone. You need an Android version of 4.1, whereby the latest update is recommended.
With each new version, old security gaps are closed, making it particularly difficult for hackers to access sensitive user data.
Is the Profit Trade app scam?
Whether Profit Trade is a scam or reputable, it is not possible to make a judgement on this at the moment. The website is well designed and the trading platform is MetaTrader. This is a software that is used by many unlicensed exchanges to make trades.
This of course underpins the seriousness of Profit Trade, especially because several million users have already made the MetaTrader experience and rated it very positively.
Nevertheless, one should inform oneself well beforehand and possibly look at different reputable and supervised Exchanges so that one can recognise the difference to normal crypto brokers.
Conclusion about Profit Trade Trader
After the Profit Trade test, we can say that the platform made a good impression. However, you can only trade CFDs and FX, which are very few investment options compared to eToro.
Furthermore, there are no additional functions for the trades. However, you can get an idea of the platform before you sign up and get to know the programmes behind Profit Trade.
In this way, beginners in particular can get a first feel for the market and are not thrown straight into the deep end. However, it is still true that a robot is no guarantee for profits and CFDs are still a very speculative trading option with high risks.
Among the licensed and supervised exchanges, the social trader eToro, through which you can also trade CFDs, won. The selection there is even many times larger. However, here is a simple step-by-step guide for all new investors.
FAQ
Even if the operators of Profit Trade repeatedly offer points of criticism, one can definitely not speak of fraud. After all, you are connected to a real broker through which the buy and sell trades are executed. The provider itself earns mainly from the commissions.
We recommend the minimum deposit of €250 to minimise potential risks.
Once you have decided to create an account with Profit Trade, it is best to follow our instructions above. Please note that Profit Trade has entered into a cooperation with Oil Profit! Profit Trade has entered into a cooperation with Oil Profit!
As a rule, you will find a demo mode with such trading bots. Unfortunately, this is not the case with Profit Trade. A real test can therefore only be carried out through one's own experience.
