Profit.com is not a prop firm in a traditional sense but operates similarly by charging monthly fees for providing cutting-edge technology and tools to democratize finance. The firm offers trading tournaments, challenges, and 1 vs. 1 trading tournaments. After completing each of the challenges and tournaments, traders receive prizes and coins that can be used to purchase various gifts. The firm offers cash rewards for the best traders who consistently show good performance in the financial markets. The Profit.com prop firm is more of a fintech company that has monthly subscription fees for main products but also offers a free version for testing and learning the tools and markets. The firm combines both trading and gaming worlds and promises risk-free profits. The offerings of Profit.com seem very attractive and unique, and we decided to take a closer look at the firm’s services and other important specs.
Pros & cons of Profit.com prop firm
Pros
- Risk-free trading environment in the form of a trading game
- Offers access to custom platform to optimize gaming experience
- Fast and digital account opening in seconds
- Offers access to diverse markets including cryptos, Forex, stocks, indices, and commodities
- There are no profit targets
- No daily loss limits
- Most payment options are free and instant
- Offers free account
- Provides cash prizes for successful traders requiring no deposit
Cons
- Does not offer funding accounts
Safety of Profit.com — 5
Profit.com reviews are lacking on the FPA, as the firm is a relatively young company. Since FPA mainly targets brokers, it is understandable when there are no ratings for specific prop firms on the platform. The firm offers trading through regulated brokers, which is very important for the safety of clients and their money. Profit.com has been around since 2019 which is always a good sign. The majority of prop firms have a short life, and seeing any of the firms succeeding for more than 3 years usually indicates the firm reliability.
The firm gets a 3 score in this section for offering a maximum level of safety but lacking reviews on the FPA platform.
Profit.com Funding and maximum capital allocation — 2
Profit.com funding plans are based on monthly subscriptions. There is a rookie option for getting started for free and only purchasing any subscription plans when a trader feels confident they can make money trading financial markets. Two other account options are Pro and Guru, both coming with monthly subscription plans. The firm offers many tools to aid their traders free of charge. These tools include price alerts, and various more market insights and signals. We will discuss tools in education in depth. Custom watch lists are also provided to make trader’s job easier. The Rookie account is perfect for beginners to familiarize themselves with the Profit.com platform and learn to use its services in practice.
As we can see, the Profit.com funded program is mainly a trading game, allowing traders to compete entertainingly and get prizes.
Since Profit.com is an entertaining company, it offers only virtual trading with flexible lot sizes, but the profit potential is limited to the accumulated coins. The firm gets a 2 score in this section.
Profit.com Assets — 5
The main assets class Profit.com offers are stocks. Profit.com also provides various other types of assets including cryptos, Forex, and indices. The firm targets clients who want to trade stock and other financial markets and offers advanced screening and technical tools through its platform for analyzing and efficient decision-making processes. Various Profit.com challenges offer flexibility to freely choose any of the offered assets in any tournament. The firm gets a 5 score in this section for offering diverse assets.
Profit.com Trading rules and limitations — 4.1
As such, Profit.com rules are simple, traders can just select an account type and start using the firm’s advanced platform and tools. There are no strict rules as the firm is a fintech company and does not provide direct funding for traders. This gives traders the flexibility to use any function of the platform and even test it with a free account.
The trading tournaments offered by Profit.com come with some rules, but they are much simpler to follow than prop firms.
Traders can select and join various trading tournaments to participate in and take cash prizes for winning challenges. Tracking the performance of trading activities is possible using the advanced platform of the firm.
Profit.com free repeat costs 1 life, and every trader has 5 lives that are regenerated every 60 minutes. If a trader loses competition they lose 1 life which will automatically be regenerated.
Profit.com has trader-oriented rules and is not as strict as traditional prop firms. It gets a 4.1 score in this section.
Profit.com Fees — 5
There are no fees for the Rookie account, but the other two accounts require monthly subscriptions for offering premium tools and bonuses.
The Rookie account is the Profit.com free trial version that allows traders to play trading challenges and competitions against other players and win coins and other prizes.
For offering free accounts and almost 0 fees, the firm gets 5 scores in this section.
Profit.com Platforms — 2.4
Profit.com platform is a custom trading platform offering modern design and advanced functionality. The platform comes with several benefits including News, Research, and Tweets, Social Media Sentiment Scoring, Cross-Asset Trading Tools, Interactive Charts, Customizable Design, and Portfolio Risk Analytics metrics. It is very intuitive and easy to use, aimed at modern tablet and mobile devices too, together with the desktop.
The platform has numerous useful features, including a built-in News tab to explore all the important trends in the world. This news was provided from more than 30,000 sources, making it one of the most complete information sources for getting ahead in the financial markets. There is also an economic calendar built into the platform, enabling traders to stay always informed about essential macroeconomic indicator release dates. With advanced chart formats and customizable workspaces, the Profit.com platform is truly unique and offers plenty of options to analyze markets and use the information to trade profitably. The custom platform of Profit.com is decent but still inferior to MT4 and other advanced platforms. The firm gets a 2.4 score in this section.
Profit.com Profit-Sharing — 3
Profit.com profit split works differently from traditional prop firms, as traders can get cash prizes and rewards for beating other players/traders in various tournaments by trading performance.
There is no Profit.com scaling plan traditionally, but the firm offers various purchasable tools to enhance the gaming experience. Profit.com prop trading is gaming in its nature, offering withdrawable cash rewards depending on the coins collected. Since traders have to collect and exchange coins for cash rewards, the firm only gets a 3 score in this section.
Education and trading tools at Profit.com — 1
The firm is not focused on providing educational resources but rather transforms trading into an entertaining gaming experience where traders can battle against each other and track their performance and their opponents in real-time. The firm offers plenty of tools for analyzing markets, fundamental trends, and various other features to help traders stay engaged in a trading challenge entertainingly. For lacking educational resources, the firm gets a 1 score in this section.
Customer Support at Profit.com — 2.8
Support is excellent at Profit.com, should such a need arise. The firm offers two types of support, email support and offices in Greece, Moldova, and the UK.
The firm gets a 2.8 score for lacking the live chat option.
Frequently Asked Questions
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