Forex Profita Review 2020

General Information

Website URL: https://www.forexprofita.com/

Founded: n/a

Regulation: Not regulated

Languages: English

Deposit Methods: Neteller, Perfect Money, Skrill or Credit Card

Minimum Package: $30

Free Demo Account: No

Forex Profita is a Forex signal provider. We are talking about a subscription service that sends real-time signals to its members. People behind this provider claim to be professionals and they developed a strategy that has an accuracy of 87%. Well, we will see about that. It’s a quite huge claim so let’s see how they plan to fulfill it.

Regulation

Forex Profita is not a regulated service provider, but it is located in Australia. Since they have special laws and regulations, it does give us a certain dose of security. Still, you should keep in mind that you are not protected and if any fraud happens, you won’t be able to count on help from the government.

Trading Platform

This website doesn’t use the same software as Forex brokers, but it still needs high-quality technology to provide decent service. We have to say, the technology it uses is not at an enviable level.

First of all, the website itself is completely confusing. Yes, you will find a way to manage it, but if you need specific information you have to spend a lot of time looking for it. Also, some important pages are not working at all. That said, we do not believe anyone is ready to pay for service and see an error page when they need something.

Customer Support

With Forex Profita you will have the support that is available 24 hours, 5 days a week. At least that’s what they say. Reality is a little bit different this time because we tested one of the numerous contact methods.

If you want to reach out to them and ask something, there is an option to do it with Skype, phone call, online form, and live chat. As you can see, at the first glance everything looks perfect. The thing is, the live chat option is actually Facebook messenger and if you want to send something, you need to have an account on Facebook.

The method we decided to use is a contact form. It’s simple to use and you just have to fill in some details and add a message. However, we never received a reply and apparently, all those methods are useless, since the customer support is practically non-existent.

Deposits and Withdrawals

As a payment method, each client can use Neteller, Perfect Money, Skrill, or MasterCard/Visa. There are a variety of transaction methods, which is great and for now, the first positive thing about this Forex signal provider.

Since this is not a regular broker, we cannot comment on withdrawals and deposits in the same way as usual, but we will focus on Forex signals instead. The main concern we have is that the signal duration is reduced to 10 hours per day (GMT + time) and you will receive signals in London and US sessions. This is more than fine, but when you keep reading on the website, you will see that signals will be sent once opportunities appear on the market.

This is not specific enough and we have no idea what good opportunities for them are. So, there is a possibility you won’t receive so many signals as promised. 

Education

One of the biggest disappointments we had is education. Why? Well, you won’t learn a single thing here unless you pay extra. It’s more than fine to have special courses and charge for them. But it’s mandatory to provide something within each account that will be useful to the clients. 

There is a blog section and you can read some articles there, but those are just general things that talk about overcoming panic in Forex trading or how to motivate your team. They won’t help you improve the skills you have or learn something new.

When we talk about the courses, you should know there are nine different ones. So, what’s our problem then? These courses are so basic and Forex Profita changes extra just to teach you how to use MetaTrader. This is completely unacceptable because each broker or service provider will teach you that for free. Not only that, if you go to the MetaTrader website, you can see guides and read or watch them whenever you want.

As you can see, this Forex signal provider did not fulfil our expectations. There is nothing that sets it apart from the others and many things in its business are questionable. So, if you are looking for a signal provider, you might want to continue the search.