Profiforex Review
💲 Min Deposit $1
⌛ Year Established 2010
💡 Min Position 0.01 lot
🌐 Website www.profiforex.com
⚖ Max Leverage 1:500
Accepts US traders
💰 Bonuses
👨💻 PAMM
🏆 Trading contests
📁 Segregated accounts
📈 Managed accounts
📖 Free education
Profiforex is a well-established broker since 2010. Profiforex has a headquarter in . Profiforex to provide their Forex/CFD trading services to global clients.
Account Information
Apart from the forex demo account, this broker offers Standard and Micro. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by Profiforex is up to 1: 500. Meanwhile, you can open an account with a starting capital of $1.
Min Deposit
$1
Max Leverage
1:500
Spread
Variable
Commission
$0.30
If you want to look for a more simple explanation regarding this broker's account type(s), take a look at the following chart:
💲 Min Deposit $5
💡 Min Position 0.01 lot
🔢 Spread Variable
📉 Scalping
🤖 Expert Advisors
💱 Hedging
🕛 Overnight interest rates (swaps)
💸 Commission $0.30
Instruments Traded
Besides lots of currency pair, Profiforex also offers some instruments you would like to trade on, such as Forex, Gold & silver, CFD, Oil, Stocks, Indexes, Metals and Crypto for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
As for Standard account, Profiforex specifically provides it with the following instruments and leverage:
Forex
1:500
Gold & silver
1:100
Indexes
1:500
Metals
1:100
Crypto
1:500
💲 Min Deposit $1
💡 Min Position 0.01 lot
🔢 Spread Variable
📉 Scalping
🤖 Expert Advisors
💱 Hedging
🕛 Overnight interest rates (swaps)
💸 Commission $0.30
Instruments Traded
Besides lots of currency pair, Profiforex also offers some instruments you would like to trade on, such as Forex, Gold & silver, CFD, Oil, Stocks and Indexes for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
As for Micro account, Profiforex specifically provides it with the following instruments and leverage:
Payment Methods
WebMoney : WebMoney is one of the major online wallet services which many people use to send money around the world. For this reason, there is a large number of forex brokers that accept WebMoney today. Like other online payment services today, WebMoney is supported by mobile applications to make transactions more efficient.
Skrill : Mostly, all forex brokers provide Skrill as an online payment service option. Fast, easy, and safe transactions are the main reasons why traders using this method. Traders can use Skrill to fund their trading accounts with either payment cards, bank wire transfers, or directly from a Skrill e-wallet account.
QIWI : Qiwi is an e-wallet or electronic payment service provider from Rusia that is introduced in 2007. The service is mainly used by individuals and businesses in Russia, Ukraine, Kazakhstan, Moldova, Belarus, Romania, the US, and the UAE.
PayPal : Online payment was not a thing back in the early 2000s, but PayPal has been in the market since 1999 and thus deserves to be regarded as one of the first e-payment services in the world. The US-based company is popular across many online platforms, including forex brokers.
Profiforex also provides payment with YooMoney, UnionPay, Tether (USDT), Perfect Money, Litecoin, Ethereum, Dash, Crypto Cash, Crypto and Credit/debit cards
Trading Platforms
Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned trades.
Hereby, Profiforex offers you MetaTrader 4 (Limited with 21 days of inactivity).
Customer Support
Do you have any question or find any trouble related to Profiforex? If you do, you should reach Profiforex's support to get the information that you need. Here is the detail of the broker's customer support:
Website Languages
Office Support
Email Support
Call Support
Chat Support
FAQ About Profiforex
A good broker constitutes a good service for traders in terms of many criteria including trading instruments, deposits and withdrawals, as well as customer support. What is good for a certain trader does not necessarily mean the same thing to you. So the term "a good broker" can vary in meaning. You can decide for yourself if Profiforex is a good broker for you or not by reviewing the criteria. In general, Profiforex provides trading service in Forex , Gold & silver , CFD , Oil , Stocks , Indexes , Metals and Crypto . As for the payment methods, you can choose between WebMoney, Skrill, Credit/debit cards, YooMoney, UnionPay, QIWI, Perfect Money, Crypto, Litecoin, Dash, Ethereum, Crypto Cash, Tether (USDT) and PayPal. The customer support is available via Email, Live chat and Forum.
The starting capital in Profiforex is $$1.
Profiforex is regulated by None. A regulated broker equals a more responsible trading environment. You can also expect a more guaranteed safety of funds as some of regulatory frameworks in the financial industry require a compensation scheme in case of unprecedented incidents that result in clients' financial losses.
Profiforex is a brokerage company offering trading services for clients since 2010 with offices in .
