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.