Brokerage company Profit Group: overview and information
Profit Group – a Russian brokerage company that offers its clients a wide range of tools for trading in the Forex market. Registered in 2001, the official website is available at profitgroup.org/en and supports Russian and English languages. The company operates successfully in the CIS countries. In this overview, we will examine the broker’s activities and review feedback from real clients and traders.
Information about the financial broker Profit Group
The intermediary activities of the website profitgroup.org are not subject to external regulation, but comply with the standards and norms developed by the Center for Regulation of Over-the-Counter Financial Instruments and Technologies (СRFIN). The broker has received the corresponding license from this organization.
The broker’s office is registered in Panama at the following address: Ave. Aquilino De La Gvardia y Calle 47, Edificio Ocean Business Plaza, Piso Mezanine, Ciudad de Panama, Republica de Panama. The company’s headquarters is located in Moscow, with additional branches in various cities in Russia. Profit Group was founded by Russian entrepreneurs and financial specialists.
Over the years, the company has received numerous prestigious awards, including the titles of “Best Standard Forex Broker 2014,” “Best Institutional Broker 2013-2014,” and “Best 24/7 Customer Service 2015.”
Registration on the resource profitgroup.org
To create an account on the profitgroup.org website, go to the main page and click the “Open Account” button. Then fill in your personal information: full name, email address, date of birth, choose a currency (USD, EUR, RUB), account type (ECN.Standard and Standard), specify your country and city of residence, as well as your phone number.
Additionally, you need to create and enter a password for your account, pass a CAPTCHA check, and click the “Open Trading Account” button. To access all Profit Group features, you need to undergo a verification process, which includes providing passport data and a scanned copy of your identity document. According to customer reviews, the data verification process takes no more than three business days.
Broker’s offers Profit Group
On the profitgroup.org website, there are 38 currency pairs, 36 CFDs on stocks, and 8 on indices available. Contracts for gold, silver, and Brent oil are also offered. The minimum deposit is $10, leverage ranges from 1:50 to 1:500, and the minimum lot size is 0.01.
The broker offers training for novice traders at the company’s offices located in major cities in Russia. The opportunity to attend both theoretical and practical Forex trading lessons is provided. Paid educational materials are available on the profitgroup.org website.
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Each client can obtain a demo account to familiarize themselves with the functionality before depositing real funds. Through a demo account, you can test trading strategies and gain experience. Simply select the appropriate option during registration.
Profit Group offers the MetaTrader 5 platform, available for both PC and mobile devices. The company conducts prize draws, offers bonuses, and cashbacks. Information on special offers can be found in the “News” section on the official website.
Depositing and withdrawing funds on the profitgroup.org website
Profit Group provides various methods of depositing funds, including debit and credit cards (VISA, MasterCard, Maestro), e-wallets (Yandex.Money, RBKMoney, AdvCash), and bank transfers. According to information on the website, funds are credited within 1 hour. However, withdrawals are only processed to VISA and MasterCard cards and can take up to 15 days, which has caused dissatisfaction among some clients.
Customer support services
The brokerage company provides round-the-clock technical support to resolve issues. To contact specialists, you can use the phone 8 (800) 775-22-77, the online chat on the website, or send an email. However, user reviews often complain about the poor quality of the support service.
Reviews of the forex broker’s work
Reviews of Profit Group vary: some clients express negative opinions about customer support, withdrawal delays, and hidden commissions, while others are satisfied with the cooperation. Undesirable comments regarding platform security have not been confirmed. Ratings are conflicting, but many users continue to work with the broker for a long time.
Final overview
Profit Group has been operating in the market for over 18 years, earning the trust of many clients. The company offers a wide range of trading services, adhering to СRFIN standards. The broker provides access to the MetaTrader 5 trading platform, conditions for successful trading, and the opportunity for education in company offices. Profit Group is trustworthy due to its positive reputation and customer feedback.
Author: Pavel Nekhoroshkov
I am extremely dissatisfied with the Profit Group broker as their level of cooperation and service has constantly failed to meet my expectations.