Profitlevel is a brokerage firm that offers trading services in forex, commodities, stocks, indices, and ETFs for investors. The official website of Profitlevel is Profitlevel, and the site is available in English, Spanish, Greek, Hungarian, Czech, and Slovak languages.
Company Background:
According to information on the Profitlevel website, the company is registered and established in Cyprus. The registration details are confirmed to be accurate according to the results from the Companies Section of the Cyprus Department of Registrar of Companies and Official Receiver. Additionally, the domain registration information from a Whois query shows that the company's official website domain was registered on September 19, 2015, and has been active for over 8 years.
Account Registration:
Profitlevel offers registration links for real and demo accounts. However, it is mentioned on the website that registration is currently not possible.
Account Types:
Profitlevel provides six different trading account types: BLUE INVESTOR, BRONZE INVESTOR, SILVER INVESTOR, GOLD INVESTOR, PLATINUM INVESTOR, and DIAMOND INVESTOR. The website details differences among these account types, including minimum deposits, withdrawal fees, customer service, and spreads.
Trading Products:
Profitlevel offers trading products in forex, commodities, stocks, indices, and ETFs for investors. The website provides specific trading products in these categories, along with details such as spreads, leverage ratios, and trading hours. However, information on commissions and minimum trade sizes is not provided.
Leverage Ratios:
Profitlevel displays a maximum leverage ratio of 1:30 in the "FAQ" section. Additionally, leverage ratios for specific trading products are provided in the "Trading Products" section.
Trading Hours:
Profitlevel provides trading hours information for specific products in forex, commodities, stocks, indices, and ETFs on the website.
Deposits and Withdrawals:
Profitlevel displays information on supported deposit and withdrawal methods, such as credit cards, debit cards, and wire transfers. Details about supported currencies, minimum and maximum deposit/withdrawal amounts, and associated fees are provided. However, information on the time required for different deposit and withdrawal methods is not available.
Trading Software:
Information about the trading software provided by Profitlevel is not available on the official website.
Other Services:
Profitlevel provides services such as videos and the latest analysis for investors. The videos explain common terms used in the investment trading process, while the latest analysis summarizes recent financial news highlights.
Regulatory Information:
Profitlevel claims to be regulated by the Cyprus Securities and Exchange Commission (CySEC). The CySEC website confirms the company's regulatory status but indicates that there is an ongoing review regarding a potential voluntary renouncement of authorization, suggesting that there may be issues with the regulatory status obtained from CySEC.
Summary:
Profitlevel has some suspicion of fraud. Although the Profitlevel official website provides detailed information on account types, trading products, and deposit/withdrawal methods, and the registration and regulatory information displayed on the Profitlevel website appears to be genuine. However, the registration links for both real and demo accounts provided by Profitlevel's official website currently show as "unable to register." More significantly, the Cyprus Securities and Exchange Commission (CySEC) website indicates that they are "reviewing whether to voluntarily renounce authorization," implying potential issues with the regulatory status granted by CySEC. Based on these indications, there is a certain level of suspicion of fraud associated with Profitlevel, and investors should exercise caution when considering the services offered by this company. Trading Encyclopedia reminds you to be mindful of your financial security and avoid falling into fraudulent schemes.
