Profit Group Inc, which can be reviewed on numerous rating sites of Runet, is a Forex broker, developing in the Russian market since 2001. At the current stage, its corporate network covers seven major Russian cities: Moscow, St. Petersburg, Yekaterinburg, Magnitogorsk. Chelyabinsk, Belgorod, Novosibirsk. Local offices are located in the cities of Lipetsk, New Shard, Voronezh, Samara and Orenburg. In addition, one of the units is located in Kiev. In 2011, the client base of this dealing center was supplemented by an iconic 100,000-real account.
Profit Group Regulation and License
Profit Group Inc is represented by several subsidiaries:
- PROFIT Large Trading Ltd., registered in Panama;
- PROFIT Asset Management Ltd., whose license is issued by the British Virgin Islands.
In other words, this dealing firm uses the same certification scheme that most domestic brokers use, namely a combination of offshore registration and the Russian regulator – in this case, the CRFIN SRO. It is noteworthy that the Profit Group started to participate in this initiative in December 2013, which is 12 years after its founding.
Profit Group Services
The distinctive qualities that are given to the feedback about Profit Group are the DC's commitment to the way Instant Execution orders are executed and working with the PROFIT Trader terminal. Remarkably, the latter is compatible with Meta'uotes Language 4, which makes it look like the more common Meta Trader 4.
The main package of services available on the Profit Group-owned profitlt.ru website is represented by two accounts: a standard and a mini version with a increment of 0.01 lots, limited to the maximum total position (1 lot for each pair), and a limited total number of orders (up to 100). As for the general characteristics, they include:
- spread from 2 points,
- deposits in USD, EUR and RUR,
- 1:100 shoulder,
- position transfer under market swaps.
The mini account implies a deposit of $2,000 or euros or 60,000 rubles and provides access to 32 pairs on Forex. As for the standard trading option, the amount of start-up capital has been increased to USD 5000/EUR or 180,000 RUR, and the trader's toolkit has been expanded to 52 currency pairs and support for precious metals.
Auxiliary services extend to market analytics: the economic calendar offered by Profit Group, a slice of the main macroeconomic indicators, forecasts, video reviews and data on banks' interest rates.
The management rating published by Profit Group allows investors to choose an executor to build a passive earnings channel. At the same time, using this DC to create an effective diversified portfolio is quite problematic, because the amount of deposit required to register an investment account for profitlt.ru is $20,000.