Profitto Review

About Profitto

Profitto Limited operates through the domain profittoltd.com (client area cabinet.profittoltd.com, social trading portals socialtrading.profittoltd.com and stats.profittoltd.com). The company states it is incorporated in Saint Vincent and the Grenadines under IBC No. 25659 IBC 2019 at Suite 305, Griffith Corporate Centre, P.O. Box 1510, Kingstown. It advertises CFDs on forex, indices, precious metals, energy and cryptocurrencies, delivered via MetaTrader 4 for desktop and mobile. Account types shown include ECN, Standard, Cent and an Islamic option; the pages list a minimum initial deposit of $10, minimum spreads from 0.1 pips (ECN) with a $3 commission (ECN), and a 30% stop-out.

The site’s legal pages state that Profitto acts as principal and says it uses an ECN/STP model to offset orders but may choose not to; it claims negative balance protection in the Client Agreement. The Order Execution policy allows the firm to restrict or penalize trading styles it deems “unethical or questionable,” explicitly including arbitrage, scalping, hedging and certain Expert Advisors; it may also disable pending orders and reduce maximum leverage to 1:50 around major news. Maximum leverage grids up to 1:1000 are shown on the public pages.

Corporate registration is in Saint Vincent and the Grenadines, where the Financial Services Authority clarifies it does not issue or supervise forex/broker licences. Separately, Profitto’s Client Agreement references a “Dealer in Securities Principal License” in Vanuatu; however, “Profitto” does not appear on the Vanuatu Financial Services Commission’s Financial Dealers Licensee List. This is a conflict between the firm’s stated licensing and the regulator’s public register; regulator records take precedence.

Pros and cons

Pros

• MT4 available on desktop and mobile, plus a branded social trading portal (socialtrading.profittoltd.com).
• Account lineup shown as ECN, Standard, Cent and Islamic; minimum deposit listed as $10.
• Published trading conditions include spreads from 0.1 pips (ECN) with $3 commission and a 30% stop-out.
• Negative balance protection is stated in the Client Agreement.

Cons

• Saint Vincent and the Grenadines FSA states it does not issue or supervise forex/broker licences, so there is no local investment-firm authorisation.
• Client Agreement references a Vanuatu “Dealer in Securities” licence, but the official VFSC Financial Dealers Licensee List does not show Profitto.
• Order Execution policy permits broad restrictions (e.g., on arbitrage, scalping, hedging and some EAs), and leverage may be cut to 1:50 around major news.
• Added to The Financial Commission’s Warning List on April 15, 2022.