NetProfit

WikiFX | 2024-10-29 15:49

Abstract：NetProfit is an unregulated broker registered in the United Kingdom, offering trading on Forex, Stocks, Indices, Crypto, and Commodities with leverage up to 100:1.

Note: Guide's official website: https://www.net-profit.eu/ is currently inaccessible normally.

NetProfit Review Summary
Founded	2023
Registered Country/Region	United Kingdom
Regulation	FCA (Suspicious clone)
Market Instruments	Forex, Stocks, Indices, Crypto, Commodities
Demo Account	/
Leverage	Up to 100:1
EUR/USD Spread	From 3 pips
Trading Platform	Web
Min Deposit	$250
Customer Support	Phone: +44 208 097 1258
	Email: support@net-profit.eu
	Physical Address: 2 Gresham Street, London, EC2V 7BX, England

NetProfit is an unregulated broker registered in the United Kingdom, offering trading on Forex, Stocks, Indices, Crypto, and Commodities with leverage up to 100:1.

Pros and Cons

Pros	Cons
Various market instruments	Suspicious clone FCA license
	High spreads
	High minimum deposit
	No MT4/5

Is NetProfit Legit?

The regulated entity on the regulatory license provided is DMG UK Ltd, but its entity name is NetProfit, which is inconsistent. It is obvious that a fake license is being offered to deceive traders.

Regulatory Authority	Financial Conduct Authority (FCA)
Regulatory Status	Suspicious Clone
Regulated by	United Kingdom
Licensed Institution	DMG UK Ltd
Licensed Type	Appointed Representative (AR)
Licensed Number	433413

What Can I Trade on NetProfit?

NetProfit offers various maket instruments including Forex, Stocks, Indices, Crypto, and Commodities.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Indices	✔
Stocks	✔
Cryptos	✔

Account Type

Account Type	Min Deposit	Max Leverage
Beginner	$250	2x - 20x
Silver	$5,000	2x - 50x
Gold	$10,000	2x - 100x
Platinum	$50,000+	2x - 100x

Higher account tiers generally offer enhanced trading conditions and benefits, but traders should be aware that minimum deposit is relatively high comparing to industry standard ($100), which you should take into consideration of when deciding to trade with the broker or not.

Leverage

NetProfit offers flexible leverage ratios up to 100:1.

Forex	Stocks	Crypto	Gold	Indices
100:1	100:1	10:1	100:1	100:1

Spread and Commission

Currency Pair	EUR/USD	GBP/USD	USD/JPY
Spread	3.0	4.0	3.0

Account Type	Commission
Beginner	1% - 2.5%
Silver	0.5% - 2%
Gold	0.5% - 2%
Platinum	0.25% - 1.5%

Trading Platform

NetProfitoffers a basic web-based trading platform. While the platform's intuitive interface is suitable for beginners, it lacks advanced features such as Expert Advisors (EAs). This limitation restricts automated trading strategies, requiring traders to manually place and manage orders.

Deposit and Withdrawal

NetProfit facilitates deposit payments through Bank transfer, Credit/Debit cards, Cryptocurrencies, and e-wallet payment methods, such as Skrill.

Payment Method	Min Deposit	Deposit Time	Withdrawal Time	Fee
Bank transfer	$250	2-5 business days	5-10 business days	$25+
Credit card		Instant	24 hours	❌
Skrill		1 hour		2%
Crypto		24 hours		Fee depends on crypto