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Profiforex

Belize|5-10 years|
Suspicious Regulatory License|MT4/5 full license|Regional Brokers|High potential risk|

https://www.profiforex.com/

Website

Rating Index

MT4/5 Identification

MT4/5

Full License

Profiforex-Demo

Germany
MT4
2

Influence

D

Influence index NO.1

Morocco 2.47

MT4/5 Identification

MT4/5 Identification

Full License

2
Server Name
Profiforex-Demo MT4
Server Location Germany

Influence

Influence

D

Influence index NO.1

Morocco 2.47

Surpassed 100.00% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

support@profiforex.com
https://www.profiforex.com/
Corner Hutson & Eyre Street, Suite 302, Blake Building Belize City, Belize
https://twitter.com/Profiforex1

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Broker Information

More

Company Name

Profiforex

Company Abbreviation

Profiforex

Platform registered country and region

Belize

Company website
Twitter

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away!
Previous Detection : 2024-03-28
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

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Profiforex · Company Summary

General Information & Regulation

Profiforex was founded by a group of traders with many years of trading experience, with the goal is to help other traders become more successful. As an initial small broker, Profiforex gradually attracted more and more users. Profiforex is owned and managed by TIM GROUP INC of Belize, currently not subject to any effective regulation.

Market Instruments

Profiforex offers investors more than 40 popular currency pairs on the Forex market, as well as more than 10 indices, gold, silver, and crude oil.

Minimum Deposit

Profiforex offers traders both live and demo accounts. Live accounts include mini accounts and standard accounts. To open a mini account need to fund at least $1 first time.

Leverage

The trading leverage information is not fully disclosed on the Profiforex official website. So we have no idea about the precise leverage level that traders can trade with this broker.

Spreads & Commissions

The fixed spread on EURUSD pair is 2 pips, and the floating spread varies from 0.1 to 0.7 pips. Trading instruments with fixed spreads do not charge commissions. Trading instruments with V suffix are subject to 0.3 pips (round turn) commission, and those with ECN suffix are subject to 0.6 pips commission.

Trading Platforms

Profiforex offers traders the market-leading and highly acclaimed MT4 trading platform, an ideal trading platform for the Forex industry, with a user-friendly interface, advanced charting tools, and technical analysis features. MT4 supports EA automated trading, helping traders develop suitable trading strategies to help them get ahead in the financial markets.

Deposit & Withdrawal

Profiforex supports various convenient deposit and withdrawal methods, mainly VISA, MASTERCARD, Skrill, Bitcoin, Perfect Money, NETELLER, QIWI, UnionPay, RBK Money, etc. Profiforex does not charge any fees for traders to deposit or withdraw funds. Profiforex does not charge any fees for deposits or withdrawals.

News

Scam Alert: Profiforex is an Unregulated FX Broker

NewsScam Alert: Profiforex is an Unregulated FX Broker

2023-01-30 10:22

Financial losses are part of the investment markets, and investors are typically willing to accept some degree of market risk.

WikiFX
2023-01-30 10:22
News
Scam Alert: Profiforex is an Unregulated FX Broker
WikiFX Scam Alert: Beware of Unregulated FX Broker, ProfiForex

ExposureWikiFX Scam Alert: Beware of Unregulated FX Broker, ProfiForex

2022-10-18 10:33

The majority of Forex traders understand that there is a high potential for loss while trading the market. Broker-client breakups are painful for everyone involved. Also, the fact that there are so many brokers makes it harder for people who are just starting out to find reliable sources. In this paper, I will discuss how ProfiForex is a scam broker.

WikiFX
2022-10-18 10:33
Exposure
WikiFX Scam Alert: Beware of Unregulated FX Broker, ProfiForex

User Reviews

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5

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eczayaz
6-12months
scammer company be aware they stole my money
2023-05-24 19:30
Reply
0
0
Kelvin49289
more than one year
I have to say, I am a loyal fan of Profiforex, really. This broker is a perfect one, and I never met any problems when trading with them. Customer service is amazing, always here to help me.
2023-02-27 13:35
Reply
0
0
FX1078205926
more than one year
I will tell you from my personal experience, never trade with a company that does not have regulatory information, otherwise your money will never come back... Although the cost of the transaction may be higher, I also recommend that you choose those big companies without bad reputation.
2022-11-30 14:49
Reply
0
0
安稳随性
more than one year
When I saw that the minimum deposit required to open a mini account was only $1, I thought it was only $1, so it didn’t matter if I lost. Luckily, it turned out to be a profit, earning hundreds of dollars. Then the account manager asked me to deposit more so that I could get more profits. I naively took their word for it and didn't realize I had been scammed until I kept getting rejected for withdrawals. They're just trying to trick me into putting more money into the account and then it's all t
2022-11-28 10:10
Reply
0
0
hy
more than one year
Here, I trade a small number of significant currency pairings in a large volume of transactions every day. I am quite impressed with the execution speed. There is no limit on the number of open transactions, and all of my transactions over the past three months have been closed. Excellent broker, I recommend it.
2022-11-27 10:23
Reply
0
0
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