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Company Details

ProfiForex

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

EUR/USD 0.5
GBP/USD 0.9
USD/JPY 0.6
* STANDARD account shown.
Headquarters Mahe, Seychelles
Type of Broker STP & ECN/STP
Founded 2010
Regulated By Regulated By SIBA (Seychelles)
Offices In Seychelles
Supported Languages English, Russian
Website Visit Website
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
Account Details
Account Currencies USD
Minimum Deposit $0
Traders from USA No
Clients Funds Segregated Yes
Interest on Margin No
Islamic Accounts Yes
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
API Solutions No
Mobile Trading 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
Platform Details
Platforms Offered MetaTrader 4, MetaTrader 4 Mobile, MetaTrader 4 Android, MetaTrader 4 iOS, WebTrader, Mobius Trader 7
NO of Pairs 135
Cryptocurrency Trading Yes
Pricing Digits 4 and 5
Trade off Charts Yes
One-click Execution Yes
Email Alerts Yes
Mobile Alerts No
MetaTrader Server Time Adjustable
Demo Account Expiry Non-Expiring
VPS Offered No
Trading Details
Dealing Desk No
Maximum Leverage 500:1
Minimum Contract Size 0.01
Execution Instant Execution (on either Micro or Standard Accounts), Market Execution (on either Micro or Standard Accounts)
Hedging Yes
Scalping Yes
Scalping Restrictions Yes
Option of OCO No
Option of FIFO No
Negative Balance Protection Yes
Additonal Instruments
Metals Yes
Oil Yes
Stocks Yes
Indices Yes

ProfiForex Reviews

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FXGUY Country: Brunei Darussalam Nov 29, 2016
FAKE BONUS AND LEVERAGE
DO NOT FALL FOR THE PROMOTIONS YOU'LL LOSE MONEY IN NO TIME
FXGUY Country: Brunei Darussalam Nov 29, 2016
ALL POSITIVE REVIEWS ARE FAKE,it was easy to use demo,but i'm experience trader,GOING LIVE account will goes wrong WITH THIS BROKER,price slippage,requote,market goes to wrong direction.
YOU CAN TRY IT YOURSELF BUT THEIR SYSTEM WILL MAKE YOU LOSE FAST
Imteaz Country: Bangladesh Feb 26, 2016
My experience with this broker has been more than expected. For the past two years execution is
smooth and not a single trade has been lost; feed and prices are as I like them. I recommend! Excellent Profiforex broker.
shubo Country: Bangladesh Feb 25, 2016
I never usually believe 5 star reviews and never made one before myself, but this service is fantastic! I looked in my
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.
Forlan Berky Country: Netherlands Jul 31, 2015
I am using this broker because they offer Nano lots trading and their 1:500 leverage is useful to my strategy. Well, I deposit and withdraw through Skrill, which is quite convenient for me. Withdrawal $5 fee though
Podoski Country: Poland Aug 6, 2014
I love their new trading platform. My orders are executed very fast. This is a very honest broker and I enjoy the way things are going smoothly for me. Customer service has been very helpful as well.
Irin Maggy Country: Ireland May 7, 2014
I made deposit via Paypal and wanted to withdraw via Skrill, but they won't let me. They said it is against paypal policy. This is the only complain I had at first. In all, I am very pleased with this broker. I made double of my capital in one month. Later, I withdrew my profit via paypal and it was done within 2 hours. Thanks
Rambo22 Country: Denmark Mar 17, 2014
I prefer this broker because I don't experienced slippage here as often as my previous broker. Execution is fast and my pending orders/stop loss are always honored. Since I love following the news, I am going to make more deposits with my Paypal and start long term trading. Their online Support has been great as well. Highly recommended!!!
experttrader Country: Nigeria Jul 8, 2013
I have used about three brokers including one US broker, but I will say that profiforex really beat my expectations. Every trader needs guaranteed SL and TP while trading and this is exactly why I like profiforex. They always honor my SL and TP with fast execution. Things are really going smoothly for me as far as news trading is concerned. I made my first big profit yesterday and withdrew it today. I am really excited.
rafaFX Country: Spain Jun 15, 2013

 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.

Broker Bonuses

$10,000 Welcome Bonus - Join AvaTrade and get a New Clients Bonus up to $10,000

$10 No Deposit Bonus - Open a Live STP account, $10 Bonus is automatically added to your account

100% Deposit Bonus - Receive a 100% Bonus on Deposits (Max Bonus $5,000). Bonus credited after required lots are traded.