Profitlevel Review – trade on a modern platform with a wide range of assets

Profitlevel.com is an STP broker that offers CFDs on stocks, indices and commodities for trading in addition to currency pairs, the company also allows direct purchase of shares (not via CFDs). Learn more about CFDs here. Profitlevel is the trading name of BCM Begin Capital Markets CY Ltd, this company is licensed in Europe by the Cypriot regulatory authority CySEC, so the broker can legally offer its services in Europe. The minimum deposit for Profitlevel broker is set at $100 when depositing by card, withdrawals are possible only by bank transfer.

Profitlevel Review – Broker overview

Minimum deposit100 USD
PlatformMT5
Regulated brokerYes
RegulationsCySEC
Demo accountYes
In addition, you can use Profitlevel in many language mutations – for example, Slovenian.

Trading platform

Profitlevel offers its clients the MT5 trading platform. This platform serves very well not only to open and close trades, but also to analyze the markets. MT5 also supports automated trading systems (EAs). The broker offers an unusually wide range of assets – such as just over 60 currency pairs, a couple of hundred EU, UK and US stocks (for direct purchase), CFDs on several hundred stocks (European, Asian, European and US), 16 indices (CFDs) and just under two dozen commodities (oil, sugar, gold, silver…) (also CFDs).

Profitlevel - Brokerage comparison, best broker?
The platform MetaTrader 5 has won several awards

Profitlevel fees (spreads)

Like any other CFD broker, Profitlevel charges a spread fee. For the current value of this fee, please visit Profitlevel’s website. We have prepared a small comparison table here, where you can find the amount of Profitlevel spread fees on popular currency pairs compared to 2 other popular CFD brokers.


EUR/USD
EUR/USDUSD/JPYGBP/USDAUD/USD
Plus500*0.60.71.10.6
XTB*0.81.42.01.7
Profitlevel**3.03.03.04.0
*the spread values were gathered from the brokers’ trading platform 26/09/2019 at 12:26
**the spread value was gathered from the broker’s trading platform 04/07/2020 at 9:22

Review summary

Profitlevel must adhere to the strict regulatory guidelines of the CySEC regulatory authority. The broker offers a state-of-the-art MT5 platform and a free limited-time demo account (for 30 days). The range of assets on offer here is exceptional, especially when it comes to CFDs on stocks. Moreover, the broker offers quite a large educational section on his website.

The minimum deposit with the broker is $100 when depositing by card, or $250 when depositing by bank transfer. Unfortunately, only bank wire can be used when withdrawing, and the minimum amount that can be withdrawn with the company is $250. The spreads that Profitlevel charges when creating trades (see e.g. spreads on popular currency pairs above). tend to be a bit at the higher end.

Advantages

  • Extremely wide range of assets
  • Top trading platform
  • Demo account
  • Relatively strict regulation
  • Large educational section

Disadvantages

  • Withdrawal only using bank transfer
  • A bit higher spreads

Profitlevel Review – Broker rating

Our Score

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