Founded in 2010 by a group of traders, Profiforex became one of the leaders in the forex industry providing fast execution, low spreads and pioneering in offering real cryptocurrency trading instead of CFDs on cryptocurrencies.
Due to rapid expansion in 2017, the company was able to represent unique innovations in forex trading, such as: trading on multiple accounts through one login details, instant change of the account type (micro/standard), trading in real volumes instead of lots (starting from 1 USD), adjustable time zone, server based trailing stop and many others.
Typical Spread on Majors
|Type of Broker||STP & ECN/STP|
|Regulated By||Regulated By SIBA (Seychelles)|
|Supported Languages||English, Russian|
|ESMA Regulation ?||This broker is not regulated within the E.U and is not subject to ESMA's new Forex and CFD trading restrictions. To find out more about these restrictions, please see this article|
|Traders from USA Allowed||No|
|Clients Funds Segregated||Yes|
|Interest on Margin||No|
|Islamic Account Restrictions||Anyone|
|ECN / STP Accounts Offered||Yes|
|Commission on STP or ECN||0.3 Pips per side (STP Accounts), 0.15 Pips per side (ECN Accounts)|
|VIP Accounts Offered||No|
|Mini Accounts Offered||Yes|
|PAMM / MAM Solutions||Yes|
|Web Based Trading||Yes|
|Funding Methods||Credit/Debit Cards, Wire Transfer, Skrill, OkPay, WebMoney, PayPal, Bitcoin, Litecoin, Bitcoin Cash, Monero, Etherium, Dash, LiqPay, QIWI, PerfectMoney, Yandex.Money, W1, UnionPay|
|Withdrawal Methods||Credit/Debit Cards, Wire Transfer, Skrill, OkPay, WebMoney, PayPal, Bitcoin, Litecoin, Bitcoin Cash, Monero, Etherium, Dash, LiqPay, QIWI, PerfectMoney, Yandex.Money, W1, UnionPay|
|Platforms Offered||MetaTrader 4, MetaTrader 4 Mobile, MetaTrader 4 Android, MetaTrader 4 iOS, WebTrader, Mobius Trader 7|
|NO of Pairs||135|
|Pricing Digits||4 and 5|
|Trade off Charts||Yes|
|MetaTrader Server Time||Adjustable|
|Demo Account Expiry||Non-Expiring|
|Minimum Contract Size||0.01|
|Execution||Instant Execution (on either Micro or Standard Accounts), Market Execution (on either Micro or Standard Accounts)|
|Option of OCO||No|
|Option of FIFO||No|
|Negative Balance Protection||Yes|
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DO NOT FALL FOR THE PROMOTIONS YOU'LL LOSE MONEY IN NO TIME
YOU CAN TRY IT YOURSELF BUT THEIR SYSTEM WILL MAKE YOU LOSE FAST
smooth and not a single trade has been lost; feed and prices are as I like them. I recommend! Excellent Profiforex broker.
account and there was over a hundred bucks, in mind I thought it would about 50! getting paid on losing as well as winning trades m,akes all the difference and really helps you stay profitable.
This broker is a scam, after one month trading and winning with them, when I tried to withdraw the gains they changed all my trades, they've steal all the gains and all the money I put in there. They are thieves and they are not regulated, don't put a cent in it!
This is the bullshit they have sent to me:
You have received this message because our software while analyzing your 158105 account has detected the deals executed on non-market quotations. Your trading system is based on the imperfection of Instant Execution mechanism. Let us remind that on real forex there is “Market Execution” and according to our Client Agreement we reserve the right to rewrite your deals in accordance with the quotations that actually existed in the market at that time. According to our Client Agreement the deals are rewritten according to the tick quotations of Dukascopy (Swiss Forex Bank). You can find the charts to each deal below. Please note that you can download the tick quotations of Dukascopy from their website www.dukascopy.com and check everything by yourself.