Review and feedback from real traders about the ProfitPlay broker.
Binary options broker **ProfitPlay** has been operating in the market since 2015. A visit to their official website **profitplay.com** allows you to get a first impression of the company. The interface of the resource is simple and intuitive. Furthermore, the trading conditions are clearly stated. However, we decided to conduct a more detailed review to assess the accuracy of the information presented. In this review, we provide the results of our research.
Regulation of Activities
On the broker’s website, there is only information about the date of the company’s establishment, but there is no information about the presence of a license. This suggests that the **ProfitPlay** platform is not subject to regulation in accordance with the law. Additionally, the website does not indicate the country of registration and the address of the main office.
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Some reviews claim that the brokerage company is registered in Moscow and is subject to the Russian regulator CRFIN. They even provide a certificate scan. However, this document belongs to the company **MasterTrade**. The connection between this organization and **ProfitPlay** remains unclear.
It is worth noting that this is a typical situation for Russian brokers. According to the legislation of the Central Bank of the Russian Federation, regulation of binary options trading is not carried out, allowing companies to legally conduct their activities.
Trading Conditions Review
**ProfitPlay Company** offers a wide range of trading assets:
- 15 currency pairs, including the Russian ruble,
- over 100 cryptocurrencies,
- stocks of the largest Russian and international companies – Gazprom, Yandex, Tiffany, Starbucks, Boeing, and others,
- oil,
- precious metals – gold and silver.
Based on traders’ feedback, it is most profitable to trade fluctuations in currency exchange rates and cryptocurrencies. The profitability when working with currency pairs is 90%, and for cryptocurrency contracts, it can reach up to 80% profit.
The platform offers only one type of contract – **High/Low**. Although the choice of options is not very diverse, the platform provides the opportunity to change expiration times (details are provided below in our review).
When cooperating with the broker **ProfitPlay**, the following conditions should be taken into account:
- minimum bet amount – 1 USD,
- minimum deposit – 10 dollars or an equivalent amount in another currency,
- no compensation for losses,
- daily limit on fund withdrawals – 500 dollars or equivalent (applications are accepted only after verification).
Trading operations can be carried out both on a computer and on gadgets with Android/iOS operating systems.