Profitix Ltd / Profitix Limited has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Phones: +1800 799 7635, +1800228840, 02031293627
Addresses: Carenage Bay Canouan Island VC0450 Kingstown Saint Vincent & Grenadines This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.profitix.com.
Do not be fooled by the professional-looking website. Behind the scenes, Profitix Ltd / Profitix Limited is disorganized and incompetent. I found them through a forum discussion and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Low minimum deposit|Reliable uptime|Responsive team
Cons: No live chat on mobile
The platform itself is okay, but the customer service at Profitix Ltd / Profitix Limited is truly awful. I waited weeks for a response to a simple inquiry. When they did respond, it felt like a generic template that did not address my specific issue at all.
Pros: Copy trading available|Customizable dashboard|Multi-currency support
Cons: No live chat on mobile
The mobile app from Profitix Ltd / Profitix Limited is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Good analytical tools|Competitive fees|Full transparency|Demo account available
Cons: Could offer more webinars|Inactivity fee applies after 12 months
Profitix Ltd / Profitix Limited advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Good mobile app|Segregated accounts|Regular updates
Cons: Onboarding videos are outdated|Could offer more webinars
I gave Profitix Ltd / Profitix Limited a fair chance. After for just over a year of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: Segregated accounts|Professional team
Cons: Research section could be deeper|No dark mode on mobile
I experienced a security concern with my Profitix Ltd / Profitix Limited 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: Risk management tools|API access
Cons: Alert system is basic|No crypto staking
After spending for close to eighteen months trying to make Profitix Ltd / Profitix Limited work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Instant funding|Dividend tracking
Cons: No integrated tax optimization|Onboarding videos are outdated
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. Profitix Ltd / Profitix Limited said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Excellent charting|Good mobile app|Professional team|Educational resources
Cons: None so far|Limited social trading features
My withdrawal request from Profitix Ltd / Profitix Limited has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: Helpful community forum|Fast deposits
Cons: Email notifications too frequent