- Great amount of trading tools
- Multilingual customer support
- Law commission or no commission at all
- Easy to use
- No live chat
- Сomparatively new on the field
ProfitAssist has been on the trading market since 2014. Step by step, it has been constantly working to improve the services it provides. They show how to make money and grant full-fledged support. They develop original trading strategies and teach them to apply them correctly, as well as personally advise on trading issues.
ProfitAssist is an online broker offering you the opportunity to trade starting from various amounts of money. It has very clear and comprehensible trading tools that are here to guide you during your trade. An advanced pricing engine ensures a supply of the lowest spreads to traders. Over 18,000 customers are happy to choose ProfitAssist regularly.
When you trade with ProfitAssist, you will be able to trade forex, precious metals, stocks and shares, and cryptocurrencies. Only the first two of these are available on Premium and VIP accounts while all four asset classes are available on Standard and VIP accounts. With over 1 000 instruments, ProfitAssist offers plenty of opportunities for diversification in your trading strategies.
Three different account types, namely, Test, Premium, and VIP accounts, which are at your service with ProfitAssist. The main difference is in the number of assets you can trade. The higher account suggests a higher amount of assets and vice versa. You choose an appropriate account for you when registering with the broker. Don’t worry, if you are not sure what to start with, just remember that you can change the account later.
It is very easy and quick to open a new account online. First, you have to choose, which accounts suit you more. The main features of each are the following:
- Test account
The test account suggests a $1000 minimal deposit. There are up to 50 instruments at your service. Leverage mounts 1:200, and spread starts from 2.1 points. Bonuses rise by 35%. Account insurance is up to 35% as well. With a Test account, you can also get 10 free signals per month. Beware that there is a commission.
The premium account suggests a $10,000 minimum deposit. There are up to 1 000 instruments at your service. Leverage mounts 1:75, and spread starts from 2.1 points. Bonuses rise to 70%. Account insurance is up to 55% as well. With a Premium account, you get free VIP signals each month. And good news, no commission is needed.
The VIP account suggests a $100,000 minimal deposit. All trading instruments are at your service. Leverage mounts 1:30, and spread starts from 0.7 points. Bonuses rise 100%. Account insurance is up to 75% as well. With a VIP account, you get free VIP signals each month. And, of course, no commission is needed.
The only thing left is just to pass the verification process, which will take only 5 minutes of your time. To put it shortly, the verification process consists of three main steps: personal information, regulatory information, documentation.
Open an account
You will find it incredibly simple to create an account with ProfitAssist, as the process can be done entirely online. It should only take you a matter of minutes to open an account and submit your verification documents. Additionally, the minimum balance for opening an account is low, at just $1 000. This makes ProfitAssist incredibly accessible, especially if you are a beginner who doesn’t want to take huge risks.
● Regulatory information
The minimum deposit at ProfitAssist is just $1 000 for Test accounts, although the broker suggests you deposit at least $1 000 for this account type. Minimum deposits for Mini and VIP accounts are $10 000 and $100 000, respectively.
MetaTrader (MT) is a powerful multi-asset trading platform. It offers advanced charting tools, four types of trade, which are available online. You can trade in 10,000 financial markets including currencies, commodities, stocks, and other derivatives. You can access your account from your phone, which allows you to trade while living your life at full.
Let us mention the main advantages and disadvantages of the ProfitAssist forex broker. The main advantages are the following: an impressive selection of instruments for trading, which will meet the needs of every customer, multilingual customer support, registration takes only 5 minutes, very easy to use, suits for both a beginner and an advanced trader, you can access your account 24/5 at every corner of the world. There are, however, a few disadvantages: only one trading platform, no live chat available, comparatively new on the field.
After a thorough analysis, we are glad to recommend this broker to any trader. Taking into account many ProfitAssist forex broker reviews, as well as the fact that the broker has won dozens of awards over the years, additional confidence is looming up.