Forex Broker

Profit Group review

Profit Group

On-line since: 2001
Country of origin: Panama
Regulation: Centre for Regulation in OTC Financial Instruments and Technologies (CRFIN)
Payment options: Visa and MasterCard bank cards, WebMoney, Yandex.Money, AlfaClick, PayPal, RBK Money
Minimum account size: $1
Minimum lot size: 0.01
Leverage: 1:100
Spreads: from 2 pips

About the company:

Profit Group is a brokerage company majoring on trading services both for individual traders and corporate clients. A trading account with Profit Group enables clients to operate on the financial, stock, interbank, and commodity markets trading 53 currency pairs as well as contracts for difference (CFDs) on stock indices, equity shares, and futures.
Profit Group has been working on Forex since 2001. It provides its clients with tuition in trading, expert Forex analysis, professional advice, and comprehensive support 24 hours a day. Trading is carried out on such trading platforms as MetaTrader 4 and MetaTrader 5 which allow clients to get real-time market quotes, evaluate deals, and run automated trading.
In light of successful 20-year record on Forex and high quality services, Profit Group is fairly ranked high among leading retail brokers. Below you can find recent comments on Profit Group posted by its clients and partners. Please, share your views about the broker and help other traders to decide on a suitable trading floor.

Profit Group 8/10 (votes 4110)
Author of Profit Group: setya | Date 2019-11-28
I started to trade with Profit Group because I like the low spread on EUR/USD 0.5 pips and the low deposit, only that I lost $700 trying to trade on the MetaTrader 4 platform. It crashes, it has delays and the support team can't do much. They always say is my laptop or internet problem. I tried to trade from Android and from other desktop but the problem is still there. The support team is not answering my emails or calls. I requested to withdraw the money left in my account after trading EUR/USD and GBP/EUR pairs, it took 14 days to could withdraw. I closed today the account and I am happy!
Author of Profit Group: Junita | Date 2019-08-26
In general I am really not happy with Profit Group broker. I placed a trade at USDJPY pair on the 23th August with 1.00 lot size. On the 24 August,without my order or consent close my trade thereby putting me in loss of $70 after which the trade move only 13 pips and retraced back to my take profit. Immediately I l chat with their support but they refuse to adjust this loss. This mistake is not from my end so why should I take liabilities. How can I take my money back or claim?
Author of Profit Group: Junet | Date 2019-08-22
I have had a bad experience with this broker, I was attracted by their conditions like minimum deposit and supposedly competitive spreads, then on june this year I decided to invest $250 to start trading, soon I could see that their MT4 is not that good, so slow, and I faced a lot of slippages and soon I had some significative losses the spreads are not that low and change constantly , it can reach almost 4 pips in news time.
Author of Profit Group: JahidFx | Date 2019-07-22
I've seen some strange activity on the Profit Group's MT4 platform in an ECN Standard account. The order execution almost delays 10 to 20 seconds, so my all positions slipped 5 to 30 pips. Also, I can't close any pending orders and I can't set up any EA too. That's why I am trying to withdraw my investment of $550. while I have failed. I have asked for their support team but no response yet from them. Can anybody help?
Author of Profit Group: Vioricapip | Date 2018-03-19
I don't recommend Profit Group because they have delays on the platform which makes you lose slowly but stable money. I deposited 150$. Traded two months with perfect conditions and stable spread from 2.3 pips for EUR/JPY and EUR/CHF. After that I requested to withdraw 200$ profit which was approved in 3 day, and since then I had only delays. I will close my account because their support team is never available to talk to.
Author of Profit Group: SylvieDoyle ‏ | Date 2017-10-18
I am dealing in a Algorithm-ECN account with profit group broker and say they have the worst trading platform, I can't set a real market position where any order executed in delay almost 10 to 20 seconds and my all positions slipped 15 to 20 pips. Besides when I want to close any trades then I am unable to close these trades. That's why I can't take profit, which my deserve. Also, I can't set up a EA on a platform, because they didn't support 3rd party tools. The big issue has they had a lack of license issue although they have high requirement of deposit. Profit Group broker's service is really painful to me.
Author of Profit Group: fxlomitu | Date 2017-08-25
I am a client of Profit Group 6 months till now and I feeling not good but not to bad with this broker. Why ? Because in past 4 months this broker provide well organized option trading platform and the minimum deposit is affordable. When I made withdraw of $20 by PayPal, I received it without fees in about 2 days. I think to make a big deposit again, but , during news time the leverage is crazy changing a lot. Its pairs change absurdly after important news. Because of this change, my profits suffered losses. I really hope they will solve eventually this issue, such as by giving us information before Its pairs change because I think Profit Group is a nice and honest broker, so traders would be aware and avoid some losses.
Author of Profit Group: Lenny | Date 2017-08-02
I have had a bad experience with this broker, I was attracted by their conditions like minimum deposit and supposedly competitive spreads, then on june this year I decided to invest $160 to start trading, soon I coudl see that their MT4 is not that good is slow, and I faced a lot of slippages and soon I had some significative losses the spreads are not that low and change constantly , it can reach almost 4 pips in news time, specially on majors I trade - EUR/USD - GBP/USD.Definitely, is not the best broker in the market.
Author of Profit Group: Eddie | Date 2017-06-23
I have been using this broker since March 2016 and I've faced several issues since then. First of all, it's difficult to make deposits and withdrawals, especially withdrawals, because the requests are not processed as soon as they mention in their website. When you make a deposit, just the half of the amount is reflected in your account. The another part takes around 2 weeks to be deposit. I have asked this to managers but I am still waiting for a reply. What a bad service. The trading platform doesn't show all the trading instruments and it suffers from constant requotes. It's not a way to work for traders, no matter if they are professionals or beginners. What a disaster.
Author of Profit Group: Gozie | Date 2017-06-05
With my experience with Profit Group, I will say this broker never gives me any problem, ever since I started trading with them for 2 years now, more so, their customer support team, have always been supportive, ever since I opened my account, no platform freezing, and a very low spread.
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