General Information
Profitto Is A Brokerage Registered In Saint Vincent And The Grenadines. It Is Important To Note That It Is Not Regulated By Any Effective Regulatory Authority. The Lack Of Regulation Poses A Significant Risk To Potential Investors Or Traders Considering Using Its Services.
Profitto Offers A Range Of Market Instruments Including Commodities, Indices And Forex. Traders Have Access To These Markets But Should Carefully Evaluate Profitto's Regulatory Status And Reputation Prior To Engaging In Any Trading Activity. It Is Essential To Understand The Latent Risks Associated With Trading Through An Unregulated Broker.
Profitto Offers Three Types Of Trading Accounts: Ecn Account, Standard Account, Cent Account. Each Account Type Offers Different Trading Conditions And Features. However, Considering Profitto's Lack Of Regulation, Traders Should Proceed With Caution And Read The Terms And Conditions Carefully Before Opening An Account.
Pros And Cons
Profitto Offers Multiple Advantages, Such As Multiple Market Instruments, Low Guarantee Requirements, Access To The Popular Metatrader 4 Platform, And Multiple Payment Methods. Traders Can Benefit From The Educational Resources Provided By Brokers And Choose From Multiple Account Types To Suit Their Preferences.
Is Profitto Legal?
Profitto Is A Brokerage Firm Operating In The Financial Industry. However, It Is Important To Note That Profitto Is Not Regulated By Any Effective Regulator. The Lack Of Regulation Poses A Significant Risk To Potential Investors Or Traders Who May Consider Using Its Services.
Market Tools
Profitto Offers A Variety Of Market Tools For Traders To Explore. These Tools Include Commodities, Indices, And Forex. Each Of These Markets Offers Unique Opportunities And Profit Potential. It Is Important To Note That While Profitto Provides Access To These Markets, It Is Essential That Traders Carefully Evaluate The Regulatory Status And Reputation Of A Broker Before Engaging In Any Trading Activity.
Commodities: Profitto Offers The Opportunity To Trade CFDs On A Wide Range Of Commodities From Different Industries, Including Energy, Industrials, Precious Metals, Finance, And Agriculture. These Commodities Form The Foundation Of The Global Economy, And Traders Have Access To Products Such As Copper, Coffee, Silver, And Soybeans. Profitto Offers Relatively Modest Low Spreads And Margin Requirements.
Indices: Profitto Allows Traders To Participate In Trading Global Indices, Which Are Weighted Indices Of The Top Stocks On A Particular Exchange. Examples Include Us30 (Dow Jones 30) And The New York Stock Exchange. With A Profitto Account, Traders Can Access A Wide Range Of Global Indices Without Overnight Financing Costs And Low Margin Requirements. The Platform Offers Low Spreads On Indices Such As The UK 100, US 30, US 500, Germany 30, Etc.
Forex: Forex Is The Largest And Most Actively Traded Market In The World, With Daily Turnover Exceeding $5.50 Trillion. Profitto Covers More Than 100 Spot Instruments On The Forex Market, Offering Low Leverage And Financing Costs. Being A Highly Liquid Market, Forex Allows For A Large Number Of Trades With Minimal Slippage.
Account Types
Profitto Offers Three Types Of Trading Accounts: Ecn Account, Standard Account And Cent Account.
ECN Account:
The Ecn Account Profitto Offered Provides Access To A Wide Range Of Instruments Including Forex, Precious Metals, Indices, Commodities And CFDs. Maximum Leverage Is 1:1000 And Minimum Spread 0.1. Every Trade Executed Through The ECN Account Incurs A Commission Of $3. The Margin Stop Loss Level Is Set At 30%. Traders Using An ECN Account Can Use The Popular MetaTrader 4 Trading Platform. The Minimum Initial Deposit To Open An Account Is $10.
Standard Account:
Profitto's Standard Account Also Provides Access To Forex, Precious Metals, Indices, Commodities And CFDs. It Offers A Maximum Leverage Of 1:1000 And A Minimum Spread Of 0.1. However, Unlike ECN Accounts, No Commission Is Charged For Trades Executed Through This Account Type. The Margin Stop Loss Level Is Maintained At 30%. Traders Using STD Accounts Can Also Use The MetaTrader 4 Trading Platform. The Minimum Initial Deposit To Open An Account Is $10.
Cent Account:
Cent Account Is Granted By Profitto With Access To Forex, Precious Metals, Indices, Commodities And CFDs. It Offers A Maximum Leverage Of 1:1000, But With A Slightly Higher Minimum Spread Of 1.5. Unlike ECN Accounts, No Commission Is Charged For Trades Executed Through This Account Type. The Margin Stop-loss Level Is Maintained At 30%. Traders Can Use The MetaTrader 4 Trading Platform Through A CENT Account. The Minimum Initial Deposit To Open An Account Is $10.
Leverage
Profitto Offers A Ridiculous Leverage - 1:1000. Note That These Amounts Are Banned In The United States, As Well As In Most Other Parts Of The World. Regulators Consider Them Too Dangerous For Retail Investors And Try To Limit Their Risk Exposure. However, Just As Unlicensed Brokers Like Profitto Unregulated In Any Way, They Still Offer High Amounts Of Money In Order To Attract Clients.
Spreads And Commissions
Profitto Offers Different Account Types With Different Spread And Commission Structures. It Is Important To Note That While The Following Information Is Provided, Traders Should Consider Other Factors And Thoroughly Review Profitto's Terms And Conditions To Gain A Comprehensive Understanding Of The Trading Costs Involved.
ECN Accounts:
Ecn Accounts Are Offered At Profitto As Low As 0.1 Pips. Traders Using This Account Type Pay A Commission Of $3 For Each Trade Executed.
Standard Account:
The Minimum Spread Offered By Profitto's Standard Account Is 0.1. Unlike ECN Accounts, No Commission Will Be Charged For Trades Executed Through This Account Type.
Cent Account:
The Cent Account Is Located At The Lowest Price Of Profitto. The Difference Is Slightly Higher By 1.5. Similar To STD Accounts, No Commission Will Be Charged For Trades Executed Using This Account Type.
Trading Platform
Profitto Offers Investors The Current Market-leading And Well-regarded MT4 Trading Platform, As Well As MT4 For Windows, MT4 IOS And MT4 For Android. The MT4 Trading Platform Is One Of The Most Well-known And Widely Used Online Trading Systems In The World. The MT4 Platform Provides Traders With A Variety Of Trading Execution Functions, Unlimited Charts, Rich Technical Indicators And Curves, Custom Indicators And Scripts, Allowing Traders To Implement Any Simple Or Complex Trading Strategy.
