Profitex Review ?- Is Profitex a scam???

Profitex Review

Profitex is an online prop trading firm claiming to be committed to pioneering the future of proprietary trading. It aims to do so by fostering a culture of innovation, collaboration and excellence. 

The goal seems to be empowering traders by allowing them access to the latest technologies, a modern dashboard and professional support. Whether that’s actually the case we want to find out today and this Profitex review will offer more insights into what the company can provide. Stay tuned to learn more about trading conditions. 

Challenges

Before you complete trading challenges, you should know your options. With Profitex, traders get to enjoy a one-phase evaluation process, during which they have to reach a 10% profit target. There are no minimum trading days, the minimum daily drawdown is 7% and the maximum drawdown is 10%. 

You can trade a variety of instruments using 1:30 leverage. The profit split once you reach the funded stage is 80%. Traders have access to several account sizes, including $15,000, $25,000, $50,000, $100,000 and $200,000. These services look affordable given the price tag on the smallest account is $129. That increases if you want to trade on a larger account. 

Trading Conditions

Speaking of trading conditions, Profitex has partnered with Eightcap, a leading regulated broker offering 800+ instruments and tight spreads. As a result, you can choose from multiple markets, such as FX, stocks, indices, commodities, and crypto. The dedicated support team is available to help when you need it, and this prop firm has agents worldwide. 

In terms of trading software, customers working with Profitex can use the popular DXtrade. This is a feature-rich platform integrating free TradingView charts and tons of analysis tools. It comes with a user-friendly interface, catering to traders of all levels. 

Traders are allowed to use EAs and algos, but can’t apply some prohibited strategies such as martingale, grid trading, high-frequency trading and others. Profitex shares detailed information on that matter and if you want to learn more, feel free to check their FAQ section. 

Affiliate Program

Another benefit stemming from a potential partnership with Profitex is the affiliate program. The company claims to offer the highest commission possible for funded account programs. It has one of the biggest cookie retention periods in the prop space (120-day cookies) and runs monthly promotions. 

Affiliates gain access to insights & reports, where they can use multiple metrics customized for their referral, as well as progress in real-time. 

Conclusion

To summarize our Profitex review, this seems like a prop firm able to offer the most important features for traders: low latency, fast execution, affordable accounts and professional support. You can choose between 5 account sizes and you’ll have to complete a one-step evaluation stage, which should make things easier at first glance. 

The prop trading industry continues to grow, and as new companies show up, traders’ conditions should improve. If you want to learn more about the offer, visit profitexfunding.com.