Note: Guide's official website: https://www.net-profit.eu/ is currently inaccessible normally.
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
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.
What Can I Trade on NetProfit?
NetProfit offers various maket instruments including Forex, Stocks, Indices, Crypto, and Commodities.
Account Type
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.
Spread and Commission
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.
