WikiFX, as an independent third-party information service platform, is dedicated to providing users with comprehensive and objective broker regulatory information services. WikiFX does not directly engage in any forex trading activities, nor does it offer any form of trading channel recommendations or investment advice. The ratings and evaluations of brokers by WikiFX are based on publicly available objective information and take into account the regulatory policy differences of various countries and regions. Broker ratings and evaluations are the core products of WikiFX, and we firmly oppose any commercial practices that may compromise their objectivity and fairness. We welcome supervision and suggestions from users worldwide. To report any concerns, please contact us: report@wikifx.com
您当前语言与浏览器默认语言不一致,是否切换?
切换
Global Broker Regulation & Inquiry App

Score

0123456789
.
0123456789
0123456789
/10

Profx

United Kingdom|5-10 years|
High potential risk|

https://profxmarket.com/

Website

Rating Index

Contact

+44 745 238 3422
support@profxmarket.com
https://profxmarket.com/
71-75, Shelton Street, London, UK

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

Contact number

English

+44 745 238 3422

Other ways of contact

Broker Information

More

Company Name

Profx Market

Abbreviation

Profx

Platform registered country and region

United Kingdom

Company website
Twitter
Facebook
Instagram
YouTube
Linkedin

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away!
Previous Detection : 2024-10-11
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Profx · WikiFX Survey

Users who viewed Profx also viewed..

XM

9.04
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)
Official website

VT Markets

8.59
Score
5-10 yearsRegulated in AustraliaMarket Making(MM)
Official website

KCM Trade

7.75
Score
5-10 yearsStraight Through Processing(STP)
Official website

ATFX

8.70
Score
5-10 yearsRegulated in AustraliaMarket Making(MM)
Official website

Profx · Company Summary

Note: Since Profxs official site (https://profxmarket.com/) is not accessible while writing this introduction, only a cursory understanding can be obtained from the Internet.

General Information & Regulation

Profx, a trading name of Profx Market, is allegedly a suspicious regulated London-based ECN/STP and spread-betting broker that claims to provide its clients with some tradable financial instruments with flexible leverage up to 1:1000 and variable spreads from 0 pips on the worlds most trusted and popular MetaTrader4 trading platform, as well as a choice of four different account types.

Market Instruments

Profx advertises that it mainly offers forex and CFD trading. Some other trading assets like the cryptocurrency of Bitcoin are also available.

Account Types

Apart from demo accounts, there are four live trading accounts offered by Profx, namely Pro Trader, Pro Professional, Pro Market and Pro Honor. Opening a Pro Trader or Pro Professional account requires the minimum initial deposit amount of $100, while the other two account types have much higher minimum initial capital requirements of $500 and $50,000 respectively.

Leverage

Traders holding different account types can enjoy different maximum leverage ratios. Clients on the Pro Trader account can enjoy the maximum leverage of 1:1000, the Pro Professional and Pro Honor accounts can experience leverage of 1:500, and the Pro Market account has a leverage of 1:400. Inexperienced traders are advised not to use too much leverage since leverage magnifies gains and losses.

Spreads & Commissions

Profx claims that different account types can enjoy quite different spreads. In particular, the spread on the Pro Trader account starts from 2 pips, the clients on the Pro Professional account can experience spreads from 0.8 pips, while only the Pro Market and Pro Honor accounts can enjoy raw spreads from 0 pips. As for commissions, the Pro Trader and Pro Professional accounts are commission-free, while the Pro Market account has a commission of $5 per lot and the Pro Honor account has a lower commission of $3 per lot.

Trading Platform Available

The platform available for trading at Profx is the industry-standard MetaTrader4, available on desktop and mobile versions. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.

Deposit & Withdrawal

Profx says to work with the following payment methods, consisting of bank wire transfers and credit/debit cards, as well as e-wallets such as Skrill, Neteller and Perfect Money. The minimum initial deposit requirement is said to be only $10.

Customer Support

Profxs customer support can be reached by telephone: +44 745 238 3422, email: support@profxmarket.com. Besides, you can also follow this broker on some social media platforms such as Twitter, Facebook, Instagram, YouTube and LinkedIn. Company address: 71-75, Shelton Street, London.

Review 3

3 Comments
Write a comment
All(3) Latest Neutral(1) Exposure(2)
Write a comment
TOP

Chrome

Chrome extension

Global Forex Broker Regulatory Inquiry

Browse the forex broker websites and identify the legit and fraud brokers accurately

Install Now

Select Country/Region
  • Hong Kong

  • Taiwan

    tw.wikifx.com

  • United States

    us.wikifx.com

  • South Korea

    kr.wikifx.com

  • United Kingdom

    uk.wikifx.com

  • Japan

    jp.wikifx.com

  • Indonesia

    id.wikifx.com

  • Vietnam

    vn.wikifx.com

  • Australia

    au.wikifx.com

  • Singapore

    sg.wikifx.com

  • Thailand

    th.wikifx.com

  • Cyprus

    cy.wikifx.com

  • Germany

    de.wikifx.com

  • Russia

    ru.wikifx.com

  • Philippines

    ph.wikifx.com

  • New Zealand

    nz.wikifx.com

  • Ukraine

    ua.wikifx.com

  • India

    in.wikifx.com

  • France

    fr.wikifx.com

  • Spain

    es.wikifx.com

  • Portugal

    pt.wikifx.com

  • Malaysia

    my.wikifx.com

  • Nigeria

    ng.wikifx.com

  • Cambodia

    kh.wikifx.com

  • Italy

    it.wikifx.com

  • South Africa

    za.wikifx.com

  • Turkey

    tr.wikifx.com

  • Netherlands

    nl.wikifx.com

  • United Arab Emirates

    ae.wikifx.com

  • Colombia

    co.wikifx.com

  • Argentina

    ar.wikifx.com

  • Belarus

    by.wikifx.com

  • Ecuador

    ec.wikifx.com

  • Egypt

    eg.wikifx.com

  • Kazakhstan

    kz.wikifx.com

  • Morocco

    ma.wikifx.com

  • Mexico

    mx.wikifx.com

  • Peru

    pe.wikifx.com

  • Pakistan

    pk.wikifx.com

  • Tunisia

    tn.wikifx.com

  • Venezuela

    ve.wikifx.com

United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com