What Account Types and Fees Does Profitto Offer?
| Account Type |
Target User Group |
Key Characteristics |
Applicability Notes |
| ECN Account |
Experienced traders seeking low spreads |
Low spreads starting from 0.1 pips, commission fee per trade |
Minimum deposit of $10 required |
| STD Account |
Traders looking for no commission fees |
No commission fees, competitive spreads |
Minimum deposit of $10 required |
| CENT Account |
Beginner traders or those with small capital |
Slightly higher spreads, no commission fees |
Minimum deposit of $10 required |
Account Opening Process
To open an account with Profitto, follow these steps: 1. Visit the Profitto website and click on the registration button. 2. Provide your personal information, including your full name, email address, phone number, and country of residence. 3. Complete the identity verification process by submitting required documents such as a proof of identity (e.g., passport or ID card) and proof of address (e.g., utility bill). 4. Select your preferred account type based on your trading preferences. 5. Fund your account using available payment methods. 6. Access the trading platform and start trading. Note that account flexibility allows for upgrades to a professional account in the future.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (Major Pairs) |
0.1 |
$3 per lot |
Applicable to ECN account |
| CFDs (Stocks, Indices, Commodities) |
Varies |
$0 |
Standard account offers no commissions |
| Cryptocurrencies |
Varies |
$0 |
Standard account applies |
Other Fees
Other potential fees include: – Deposit and withdrawal fees may apply depending on the payment method used. – Inactivity fees may be charged if the account remains dormant for a prolonged period. – Platform usage fees are not specified but should be reviewed in the terms and conditions. – Overnight interest (swap rates) may apply on certain positions. – Currency conversion fees may occur if deposits are made in a currency different from the account currency.
