Profit Market Edge (profitmarketedge.live) has been flagged by ASIC (Australia) for "Unlicensed". Addresses: 2/F, Palm Grove House, P.O. Box 3340 Road Town, Tortola, Virgin Islands, British This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: profitmarketedge.live.
I signed up with Profit Market Edge (profitmarketedge.live) while looking for alternatives to my previous provider and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Market news feed|Good mobile app|Demo account available|Multi-currency support
Cons: Limited cryptocurrency options|Minimum deposit could be lower
Do not be fooled by the professional-looking website. Behind the scenes, Profit Market Edge (profitmarketedge.live) is disorganized and incompetent. I found them after hearing about them at a conference and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Professional team|Multi-currency support
Cons: Live chat only during business hours
Profit Market Edge (profitmarketedge.live) has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.
Pros: Copy trading available|Excellent charting|Segregated accounts|Multi-device support
Cons: Email notifications too frequent
I experienced a security concern with my Profit Market Edge (profitmarketedge.live) account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.
Pros: Educational resources|Tax reports included|Economic calendar
Cons: Would like more payment methods
I wanted to transfer my portfolio from another broker to Profit Market Edge (profitmarketedge.live). They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Easy withdrawals|Multi-device support
Cons: Nothing significant|Would like more payment methods
The so-called education at Profit Market Edge (profitmarketedge.live) is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted since last summer thinking they would help me learn.
Pros: Reliable uptime|No hidden fees
Cons: Limited demo account features|Limited ETF selection
The only good thing about Profit Market Edge (profitmarketedge.live) is that they remind you why regulation matters. I found them after my brother mentioned them. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Stable platform|Regular updates|Multiple order types|Two-factor authentication
Cons: Website design could be more modern
Profit Market Edge (profitmarketedge.live) offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Helpful community forum|Demo account available
Cons: Email notifications too frequent
Profit Market Edge (profitmarketedge.live) has no proper customer support. The live chat is a bot. The phone number goes to a call center that cannot access your account. Email takes two weeks. When I had a real problem they were nowhere to be found.
Pros: Good mobile app|Regular updates
Cons: Could offer more webinars|Mobile app could be improved
KYC with Profit Market Edge (profitmarketedge.live) is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Clear documentation|Demo account available|Easy to use platform|Multi-currency support
Cons: Mobile app could be improved