ProfitLevel review [Updated 2022] Review

Options for trading with Profitlevel

Profitlevel offers investments in shares (of hundreds of companies from the EU, US and UK) and CFD shares, CFD Commodities, CFD Forex, CFD Indices and Physical shares. Physical shares are getting popular. By purchasing shares of a company, you become a shareholder of the company. They offer 4 accounts:

• Blue (from 1 000 USD and no withdrawal fees)
• Silver (from 20 000 USD, free autochartis)
• Gold (from 100 000 USD, invitations to events)
• Platinum (from 300 000 USD and the lowest spreads)

• Regulation – CySEC
• deposit – 1000 USD
• Leverage – up to 1:100
• Spread – variable

 

Profitlevel focuses on a wide variety of instruments to trade. The client can deposit their money via credit or debit card (min. deposit $ 100) or by bank transfer (without min. deposit). Clients can open a demo account for the trial; however, its use is limited to 30 days.

The advantage of the international company Profitlevel is the local customer support in several languages ​​and the economic calendar – an up-to-date overview of important changes in the financial markets. From Silver account through to Platinum investor account you can also use the Autochartis. Profitlevel aims for high goals as well as the number one volleyball duo Ondrej Perušič and David Schweiner, so they proudly accomplish them on the road to their volleyball successes.

 

Options for trading with Profitlevel

Profitlevel broker offers investments in shares (of hundreds of companies from the EU, US and UK) and CFD shares, CFD Commodities, CFD Forex, CFD Indices and Physical shares. Physical shares are getting popular. By purchasing shares of a company, you become a shareholder of the company. They offer 4 accounts:

• Blue (from 1 000 USD and no withdrawal fees)
• Silver (from 20 000 USD, free autochartis)
• Gold (from 100 000 USD, invitations to events)
• Platinum (from 300 000 USD and the lowest spreads)

Profitlevel broker regulation

Profitlevel is registered under the Cypriot investment company MCM Begin Capital Markets, CY Ltd, which is supervised by the Cyprus Securities and Exchange Commission (CySEC).

Profitlevel broker trading platforms

Profitlevel is currently offering one trading platform. MetaTrader 5 is an extremely popular and well-known platform, although not as good as MT4, some might say. MT5 is used by millions and for good reason. You`ll find lots of trading and analysis features to aid in virtually any style of trading. MetaTrader5 also won three prestigious awards in 2020. Profitlevel also offers other language mutations – for example Slovenian.

Profitlevel broker demo account

You can find the registration button on the main page, so very simple to find. Creating a demo account is easy and it consists of filling in your name, phone number and e-mail. Clients will receive login details via e-mail. Demo accounts are a good way of learning. New clients can try trading for up to 30 days, understand better the investment platform and they can decide whether this type of investment suits them or not. After a month of the trial period, clients can open a live account.

Profitlevel broker fees

The broker charges fees around 0.75% with a minimum amount of approx. $23 for each trade. Forex margin starts at 3 pips. In addition to the fees for individual trades, the broker requires a maintenance fee ($89 or less amount of money remaining on the account) every 3 months for those accounts that weren’t used for 6 months. Profitlevel also requires an annual fee of 2% for portfolio management.

Profitlevel broker fees

Profitlevel doesn’t charge for deposits or withdrawals, which I easily found on their website. They do charge a management fee and tripled on Wednesdays. They charge a maintenance fee; this is a charge of up to EUR 89 and swaps are charged too. I have found no other fees on their website or in other reviews.

Registering for an account with profitlevel.com

The registration form was filled in a minute. I received three emails immediately. First, with an activation link, log in details for my clients’ zone, and the third email contained an e-book for beginners.

Going through my account, I can see what else I need to fill in to open a live account, my personal details and also Top Traded, Forex, Commodities and Shares information.

Then you need to go to the Accounts section and there open a demo account. This you get asked twice, which is a bit annoying, plus, when you try the WebTrader for example, there again, you have to choose if you want a demo account and fill in your details again.

The demo account is topped up with 1000 USD for you to learn to trade on MT5. The fact you can use a WebTrader is great. Everything is simple, straightforward, although the design is a bit old school.

Broker website

Well designed, a functional website full of information we all need and search for. In the top menu you can select:

• About us
• Trading
• Trading accounts
• Education

Education offers you videos and analysis, all up to date.

Social network broker Profitlevel

Profitlevel is active on Facebook and Instagram. Posts appear on all named platforms on average every 5-7 days. Customers can comfortably watch essential information directly on social networks, which is a big plus.

 

Advantages and disadvantages

The advantage of the broker is a detailed overview of current financial news from around the world, as well as a wide range of investment platforms for both beginners and real professionals. The offer of trading instruments is wide and one of the biggest pluses is Autochartis, an advanced market scanner, that monitors the current progress and identifies the best moment for trading. On the contrary, relatively high fees can be perceived as a disadvantage, especially by small investors and I`m missing live chat on their website as well as some webinars for beginners.  But Profitlevel provides an above-standard amount of information, including the educational section, compared to the competition.

 

Pros:

• MetaTrader 5
• Excellent customer service
• Autochartis
• Demo account

 

Cons:

• Absence of cryptocurrency trading
• No live chat
• Fees may be too high for small investors or beginners
• Webinars missing

Our Score