What is Profixchain？
PROFIXCHAIN, a worldwide brokerage headquartered in the United Kingdom, provides various financial services, including Stock CFDs, forex, cryptocurrencies, binary options, ETFs, and business investment opportunities. However, it's crucial to note that PROFIXCHAIN currently functions without the supervision of any recognized regulatory authorities.
In our upcoming article, we will present a comprehensive and well-structured evaluation of the broker's services and offerings. We encourage interested readers to delve further into the article for valuable insights. In conclusion, we will provide a concise summary that highlights the distinct characteristics of the broker for a clear understanding.
Pros & Cons
Pros:
Diversified Instruments: Profixchain offers a wide range of trading instruments beyond the typical forex and derivative offerings. Along with Stock CFDs, binary options and ETFs, Profixchain even provides opportunities for trading cryptocurrencies and business investments.
Multiple Account Types: Profixchain meets various investor needs and objectives by offering a variety of account plans from the Basic Plan to Real Estate Accounts, each with a specific minimum deposit requirement.
Acceptable Minimum Deposit: Profixchain offers an affordable minimum deposit requirement at $50, permitting different levels of investors to participate in trading activities on their platform.
Cons:
Unregulated: The concerning unregulated status of Profixchain raises doubts about its credibility and the security of customer funds. This absence of regulation indicates a lack of oversight, which is essential for ensuring fair and secure trading practices.
Lack of Transparency: Profixchain lacks explicit and upfront information about crucial factors such as spreads, commissions, and details regarding their trading platforms. This level of opacity can hinder informed trading decisions and indicate potential hidden charges.
Is Profixchain Safe or Scam？
When considering the safety of a brokerage like Profixchain or any other platform, it's important to conduct thorough research and consider various factors. Here are some steps you can take to assess the credibility and safety of a brokerage:
Regulatory sight: Considering Profixchain's operations, the lack of proper regulations poses significant concerns. The absence of oversight from any recognized regulatory bodies questions the broker's legal standing and accountability. Therefore, investors should proceed with their financial transactions with great caution.
User feedback: To get a deeper understanding of the brokerage, it is suggested that traders explore reviews and feedbacks from existing clients. These shared insights and experiences from users can be accessed on reputable websites and discussion platforms.
Security measures: Currently, no specific information regarding security measures can be found on Profixchain's website, which raises concerns about the safety of customer information and transactions. As such, users should circumspectly approach this platform.
In the end, choosing whether or not to engage in trading with Profixchain is an individual decision. It is advised that you carefully balance the risks and returns before committing to any actual trading activities.
Market Instruments & Services
Profixchain offers a variety of financial instruments and services for prospective traders.
Stock CFDs: Traders can participate in Contracts for Difference (CFDs) on shares from top-performing companies listed on major exchanges like the NYSE and NASDAQ.
Forex: It provides a platform to trade foreign currencies on the largest and most liquid market globally, offering pairings such as USD/GBP.
Cryptocurrencies: Crypto enthusiasts can trade popular cryptocurrencies, including Bitcoin, Ethereum, Litecoin, etc.
Business Investment: The broker offers multiple loss-free investment opportunities in various businesses.
Binary Options: Clients are allowed to speculate on the price dynamics of numerous trading assets with different kinds of options including Binary, Digital, and FX options.
ETFs: The broker also features Exchange Traded Funds (ETFs), offering traders the possibility to diversify their investment portfolio with securities that track various indexes, commodities, and asset baskets.
Account Types
Profixchain offers several account types to meet a wide range of investor needs.
The Basic Plan Account is the entry-level option with a minimum deposit requirement of USD 50.
For a more robust trading experience, the Silver Plan Account is available for a minimum deposit of USD 500.
Traders seeking more extensive services can opt for the Gold Plan Account or Platinum Plan Account, requiring minimum deposits of USD 3,000 and USD 6,000, respectively.
For those interested in real estate investments, Profixchain offers Real Estate Account, requiring a minimal deposit of USD 10,000.
Each account type comes with its own unique benefits tailored towards different trading experiences and financial goals.
How to Open an Account？
Step 1: Visit the Profixchain website.
Step 2: Click the “Register” button located on the homepage.
Step 3: You are be required to submit identification documents for verification according to KYC (Know Your Customer) regulations.
Step 4: Once the broker has verified your details, you'll be able to deposit funds and start trading.
Deposits & Withdrawals
Profixchain offers several payment methods for the convenience of their clients. The options available include Western Union (WU), Bitcoin for crypto enthusiasts, Skrill, MasterCard for direct card transactions, and Neteller.
However, as the details are not expressly provided and only represented in pictures, it is recommended for interested users to directly check with the broker for further information about these payment methods and their specifics such as processing time and fees.
Customer Service
Profixchain provides multiple channels for customer support. These include live chat for instant assistance, email for detailed queries, a contact us form on their website, and a physical address for official correspondence.
Address: Headquarters: 64 Thornton StHURSLEYSO21 1NS.
Email: support@profixchain.com.
Conclusion
In summary, Profixchain is a UK-based global online broker that provides a broad spectrum of trading instruments and services including Stock CFDs, forex, cryptocurrencies, binary options, ETFs, and business investments. However, interested investors should approach with caution in light of the broker's concerning unregulated status. This lack of regulation puts into question the broker's dedication to regulatory conformance and customer security.
Given these factors, it is recommended for individuals to seek other brokers who prioritize transparency, compliance with regulations, and professionalism.
Frequently Asked Questions (FAQs)
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
