Score
MyProfitLive
China|2-5 years| https://myprofitlive.com/index.html
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
China
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskAccount Information
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Website
myprofitlive.com
Server Location
United States
Website Domain Name
myprofitlive.com
Server IP
104.21.6.245
Company Summary
| Aspect | Information |
| Registered Country/Area | China |
| Founded Year | Within 1 year |
| Company Name | MyProfitLive |
| Regulation | Abstract (Operates without valid regulation) |
| Minimum Deposit | $250 |
| Maximum Leverage | 1:400 |
| Spreads | Floating spreads starting from 0.0 pips |
| Trading Platforms | Proprietary Platform, MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
| Tradable Assets | FX, CFDs, ETFs, Future Stocks |
| Account Types | Basic, Explorer, Gold, Platinum, Premium |
| Demo Account | Information not provided |
| Islamic Account | Information not provided |
| Customer Support | Phone: +1-579-469-2137, +48-452-206-333, +44-208-097-7795<br>Email: Support@myprofitlive.com |
| Payment Methods | Credit/Debit Cards, Bank Wire Transfers, E-wallets (specific methods not mentioned) |
| Educational Tools | Information not provided |
Overview of MyProfitLive
MyProfitLive is an unregulated financial services company based in China. Within one year of operation, the main website is unavailable, which may raise concerns about its accessibility and reliability. The company offers various market instruments, including Foreign Exchange (FX) trading, Contracts for Difference (CFDs) on assets like commodities and indices, Exchange-Traded Funds (ETFs), and futures contracts on individual stocks.
MyProfitLive provides multiple account types, each with different leverage options and benefits. The maximum leverage offered is 1:400, and the spreads start from 0.0 pips. The minimum deposit required to open an account is $250, and users can use credit/debit cards, bank wire transfers, and e-wallets for deposit and withdrawal purposes.
The trading platforms offered by MyProfitLive include a proprietary platform based on MetaTrader, MetaTrader 4 (MT4), and MetaTrader 5 (MT5). These platforms provide essential functionalities and analysis tools. However, it's important to exercise caution due to the lack of regulatory oversight and conduct thorough research before engaging with the company.
Pros and Cons
MyProfitLive presents several advantages, including a diverse range of market instruments, encompassing FX, CFDs, ETFs, and Future Stocks. Additionally, it offers various account types with unique benefits. Traders can access a maximum leverage of 1:400, facilitating potential opportunities. The broker provides options for deposits and withdrawals, with no fees for deposits. However, a major concern arises as MyProfitLive operates without valid regulation, leading to inherent risks for traders and investors. Moreover, there is limited information available on the main website, particularly regarding bonuses and spreads on Platinum and Premium accounts. The trading platform features are also inadequately described, and the relatively high minimum deposit of $250 might discourage some potential clients. The company overview remains abstract with minimal details, and there is a lack of information on the success rate or average profits of MyProfitLive clients. Additionally, withdrawal fee details and processing times remain unclear, potentially causing inconvenience for users.
| Pros | Cons |
| Offers FX, CFDs, ETFs, and Future Stocks as market instruments | Operates without valid regulation, posing inherent risks for traders/investors |
| Various account types with different benefits | Limited information available on the main website |
| Maximum leverage of 1:400 for traders | Lack of specific numbers for bonuses and spreads on Platinum and Premium accounts |
| Floating spreads starting from 0.0 pips | Limited information on trading platform features |
| Offers MetaTrader 4 and MetaTrader 5 as trading platforms | Minimum deposit of $250 is relatively high |
| Multiple deposit & withdrawal methods with no fees for deposits | Abstract company overview with minimal details |
| Proprietary trading platform based on MetaTrader | No information on the success rate or average profits of MyProfitLive clients |
| Customer support available via phone and email | Unclear withdrawal fee details and processing times |
Is MyProfitLive Legit？
MyProfitLive operates without valid regulation, meaning it lacks oversight and supervision from any authoritative financial entity. This absence of regulatory supervision poses inherent risks to traders and investors. It is crucial to exercise caution and conduct thorough research before engaging with unregulated brokers like MyProfitLive to protect one's financial interests.
Market Instruments
1. FX: MyProfitLive offers Foreign Exchange (FX) trading, allowing users to trade currency pairs from various global markets. Examples of currency pairs include EUR/USD, GBP/JPY, and USD/CAD. FX trading involves speculating on the value fluctuations of one currency against another.
2. CFDs: MyProfitLive provides Contracts for Difference (CFDs) as tradable instruments. CFDs allow users to speculate on the price movements of various assets without owning the underlying asset itself. Examples of CFDs offered by MyProfitLive may include CFDs on commodities like gold, oil, and silver, as well as CFDs on indices like the S&P 500 or FTSE 100.
3. ETFs: MyProfitLive offers Exchange-Traded Funds (ETFs) as part of its market instruments. ETFs represent a collection of securities and are traded on stock exchanges like individual stocks. Investors can buy and sell ETFs to gain exposure to diverse assets such as stocks, bonds, or commodities. Examples of ETFs offered may include those tracking the performance of specific sectors or geographical regions.
4. Future Stocks: MyProfitLive allows users to trade futures contracts on individual stocks. Futures contracts are agreements to buy or sell an asset at a predetermined price and date in the future. Investors can speculate on the future price movement of a specific stock without owning it directly. Examples of future stocks available on MyProfitLive may include contracts on popular publicly listed companies like Apple Inc., Amazon.com, Inc., and Microsoft Corporation.
| Pros | Cons |
| FX trading offers access to various global currency pairs | Limited information on trading volume and market depth |
| CFDs provide opportunities to speculate on diverse assets | Limited information on margin requirements and contract specifications |
| ETFs allow exposure to a wide range of assets and sectors | Lack of transparency regarding pricing and liquidity |
Account Types
Basic: This account type requires a minimum deposit of $250 and provides access to 24/5 customer support, a professional charting platform, MT5 trading, and a leverage of 1:200.
Explorer: With 24/5 customer support, a professional charting platform, and MT5 trading, the Explorer account also offers a leverage of 1:50. Additionally, it includes live sessions with a personal strategy, daily market updates, and a bonus of up to 10%.
Gold: Similar to the Explorer account, the Gold account provides 24/5 customer support, professional charting, MT5 trading, and a leverage of 1:50. Moreover, it includes live sessions with a personal strategy, daily market updates, and a bonus of up to 10%.
Platinum: On myprofitlive.com, the Platinum account comes with 24/5 customer support, professional charting, MT5 trading, and a leverage of 1:125. This account level includes live sessions with a personal strategy, daily market updates, personal access to an account manager, news alerts, a bonus of up to 50%, and specific spreads and swaps (spread at 30% and swap at 20%).
Premium: Like the Platinum account, the Premium account offers 24/5 customer support, professional charting, MT5 trading, and a leverage of 1:125. It also includes live sessions with a personal strategy, daily market updates, personal access to an account manager, news alerts, a bonus of up to 50%, and specific spreads and swaps (spread at 30% and swap at 20%).
| Pros | Cons |
| Different account types with varying benefits | Limited information on specific numbers for bonuses, spreads, and swaps |
| Access to 24/5 customer support and professional charting platform | Relatively high minimum deposit of $250 for account opening |
| Availability of MT5 trading platform | No information on the success rate or average profits of account holders |
Leverage
MyProfitLive offers a maximum leverage of 1:400 to traders.
Spreads
MyProfitLive offers floating spreads starting from 0.0 pips.
Minimum Deposit
The minimum deposit required by MyProfitLive is $250.
Deposit & Withdrawal
MyProfitLive offers a variety of deposit and withdrawal methods, including credit/debit cards, bank wire transfers, and e-wallets. There are no fees for depositing funds. The minimum withdrawal amount is $100 and withdrawal fees vary depending on the method used. Withdrawals are typically processed within 24 hours.
| Pros | Cons |
| Multiple deposit methods (credit/debit cards, bank wire transfers, e-wallets) | Withdrawal fees vary depending on the method |
| No fees for depositing funds | Minimum withdrawal amount set at $100 |
| Fast withdrawal processing within 24 hours | Withdrawals may not be as prompt as expected |
Trading Platforms
PROPRIETARY PLATFORM: MyProfitLive offers a proprietary trading platform that is based on MetaTrader, enhancing the customer experience while retaining all essential functionalities. This platform allows traders to set take-profit and stop-loss orders with trailing options and provides access to various analysis and research tools.
METATRADER 4 (MT4): For traders who prefer a familiar interface, MyProfitLive offers the option to use MetaTrader 4 (MT4). MT4 is renowned for its user-friendly features and robust trading tools, including technical indicators and automated trading capabilities.
METATRADER 5 (MT5): MyProfitLive caters to traders seeking advanced features with MetaTrader 5 (MT5). MT5 offers more timeframes, additional technical indicators, and an economic calendar, providing greater versatility for analysis and trading across a broader range of assets.
| Pros | Cons |
| Proprietary platform with enhanced experience | Limited information on platform features |
| MetaTrader 4 with user-friendly interface | No data on success rate or average profits of users on the platform |
| MetaTrader 5 for advanced features and versatility |
Customer Support
MyProfitLive offers customer support through phone and email. Traders can contact the support team at the following phone numbers: +1-579-469-2137, +48-452-206-333, and +44-208-097-7795. For any inquiries or assistance, customers can also reach out via email at Support@myprofitlive.com.
Reviews
Users on wikifx have left positive reviews for MyProfitLive, praising its fast withdrawals and deposits, professional charting platform, and MT5 trading access. The customer support is rated as excellent. Traders express satisfaction with the platform's reliability and efficient transactions, leading to consistent profits in various investments like stocks, indices, and currencies.
Conclusion
MyProfitLive operates without valid regulation, posing both advantages and disadvantages. On the positive side, it offers a variety of market instruments, including FX, CFDs, ETFs, and future stocks. The platform provides different account types with various leverages and low spreads. Users have access to a proprietary trading platform as well as the popular MT4 and MT5 options. Additionally, the platform boasts positive reviews on wikifx, praising its fast withdrawals, professional charting platform, and MT5 trading access. However, the absence of regulatory oversight raises inherent risks, making it crucial for traders and investors to exercise caution and conduct thorough research before engaging with unregulated brokers like MyProfitLive to protect their financial interests.
FAQs
Q: Is MyProfitLive a legitimate company？
A: MyProfitLive operates without valid regulation, posing inherent risks due to the lack of oversight from financial authorities.
Q: What market instruments are offered by MyProfitLive？
A: MyProfitLive offers FX trading, CFDs, ETFs, and future stocks for trading.
Q: What are the different account types on MyProfitLive？
A: MyProfitLive provides Basic, Explorer, Gold, Platinum, and Premium account types.
Q: What leverage does MyProfitLive offer？
A: MyProfitLive offers a maximum leverage of 1:400 to traders.
Q: What are the deposit and withdrawal methods on MyProfitLive？
A: MyProfitLive offers various deposit and withdrawal methods, including credit/debit cards, bank wire transfers, and e-wallets.
Q: What are the trading platforms available on MyProfitLive？
A: MyProfitLive offers a proprietary platform, MetaTrader 4 (MT4), and MetaTrader 5 (MT5) for trading.
Q: How can I contact MyProfitLive's customer support？
A: You can reach MyProfitLive's customer support through phone or email.
Q: What do users say about MyProfitLive？
A: Users have left positive reviews, praising its fast transactions, professional charting platform, and efficient customer support.
Q: What are the pros and cons of using MyProfitLive？
A: MyProfitLive offers various advantages, such as a wide range of market instruments and access to multiple trading platforms, but it also lacks valid regulation, which may pose risks to traders and investors.
Keywords
- 2-5 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
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Arber Grandbois
France
Choosing myprofitlive.com for index investments has been a wise decision. The platform provides fast and secure withdrawals and deposits. Their customer support is excellent, ensuring a smooth investing journey.
Positive
2023-07-04
Benjamin E.Salcido
Poland
Investing in stocks through MyProfitLive changed my game. With fast withdrawals and deposits, I experienced hassle-free transactions. Excellent customer service ensures a smooth and safe investment journey.
Positive
2023-07-03
Gary Anderson Alvarado
France
As an investor, trading indices on MyProfitLive has proven to be very profitable. The platform's secure environment and efficient withdrawal and deposit process have made me feel safe and earn substantial profits.
Positive
2023-07-03
Timothy Shull
United States
MyProfitLive provides a friendly interface for currency trading. I took advantage of a reliable platform, fast withdrawals and deposits, which allowed me to earn easily. The service team is always helpful and responsive to my needs.
Positive
2023-07-03
David Hemby
United States
Investing in stocks through MyProfitLive has brought me a lot of satisfaction. Fast withdrawals and deposits make transactions hassle-free, and excellent customer service ensures safe investing.
Positive
2023-07-03
Chris A. Jackson
Canada
As an investor, I've found MyProfitLive's indices trading feature to be highly profitable. The platform's secure environment and efficient withdrawal and deposit process have given me peace of mind while earning substantial returns.
Positive
2023-07-03
gerald lemay
United Kingdom
MyProfitLive provides a user-friendly interface for currency trading. I've benefited from their reliable platform, quick withdrawals, and deposits, allowing me to earn profits with ease. The support team is always responsive and helpful
Positive
2023-07-03
Darrell D. Ledesma
France
I've had a positive experience investing in stocks on myprofitlive.com. Their safe and secure platform, along with fast withdrawals and excellent customer support, have been impressive.
Positive
2023-07-03
Kim Simpson
Germany
Indices on myprofitlive.com have proved to be a reliable investment option. With their secure platform, speedy deposits, and responsive customer support, I've maximized my profits.
Positive
2023-07-03
John G Henry
United Kingdom
Investing in currencies through myprofitlive.com has been a profitable venture. With fast withdrawals, secure transactions, and excellent customer support, I couldn't be happier
Positive
2023-07-03
Ryan H Myers
France
Investing in stocks through myprofitlive.com is a breakthrough for me. The platform’s security measures, fast payouts, and reliable customer support exceeded my expectations.
Positive
2023-07-01
David 755
Canada
Myprofitlive.com has made investing in stocks a seamless experience for me. The platform's safety features, fast deposits, and attentive customer support have been exceptional.
Positive
2023-07-01
Cory Royster
United Kingdom
Investing in stocks on myprofitlive.com has been a rewarding experience. With fast withdrawals, good customer support, and a safe platform, I've earned consistent profits.
Positive
2023-06-30
Cristina Angelina
Canada
I chose myprofitlive.com to invest in stocks and it was a wise decision. Fast withdrawals and deposits on the platform, coupled with solid customer support, ensured a seamless trading experience.
Positive
2023-06-28
john lilly
United Kingdom
When it comes to Shares, myprofitlive.com is my first option. I experienced fast withdrawals and deposits, and professional customer support.
Positive
2023-06-28
Richard T Lai
United States
I chose myprofitlive.com for investing in stocks, and it was a wise decision. The platform's fast withdrawal and deposit options, coupled with reliable customer support, ensured a seamless investing experience.
Positive
2023-06-29
Cory B Evans
Poland
Investing in Stocks with myprofitlive.com has been a rewarding experience for me. The fast withdrawal and deposit options, along with good customer support, make it a secure platform.
Positive
2023-06-27
Terry C. Renner
Canada
Investing in indices on myprofitlive.com was a game-changer for me! Fast withdrawals, secure deposits, and excellent customer support make it an ideal platform. Invest with confidence and earn profits!
Positive
2023-06-24
Jon S Rosenbloom
Poland
Stocks on myprofitlive.com made investing easy! Enjoy fast and hassle-free withdrawals and deposits, great customer service, and a secure platform. Invest confidently and reap the benefits!
Positive
2023-06-24
David J. Figueroa
United Kingdom
I'm delighted with my currency investments on myprofitlive.com! The platform ensures fast withdrawal and deposit options, excellent customer support, and a secure environment. Start investing for success!
Positive
2023-06-24