Score
Belize
|
5-10 years
| https://www.profiforex.com/
Website
Rating Index
Influence
D
Influence index NO.1
Morocco 2.47
LicensesNo valid regulatory information, please be aware of the risk!
Belize
WikiResearch
Egypt
profiforex.com Russia Egypt| Profiforex Review Summary | |
| Founded | 2006 |
| Registered Country/Region | Belize |
| Regulation | No regulation |
| Market Instruments | Currencies, indexes and metals |
| Demo Account | ✅ |
| Leverage | Up to 1:500 |
| Spread | / |
| Trading Platform | Mobius Trader 7, MT4 |
| Min Deposit | / |
| Customer Support | Live chat |
| Email: finance@profiforex.com (7 a.m. - 4 p.m. London time Mon-Fri); support@profiforex.com (24 hour); partner@profiforex.com (24 hour) | |
| Address: Corner Hutson & Eyre Street, Suite 302, Blake Building Belize City, Belize | |
Profiforex was registered in 2006 in Belize, and it claims to offer trading services related to currencies, indexes, and metals. It uses Mobius Trader 7 and MT4 as its trading platforms, and the leverage can be up to 1:500. However, this company is not regulated, and potential risks still exist.
| Pros | Cons |
| Long operation time | Lack of transparency |
| Demo accounts available | Lack of regulation |
| MT4 supported | |
| Multiple payment options | |
| Live chat support |
No, Profiforex is not regulated by the financial services regulatory authority in Belize, which means that the company lacks regulation from its registration site. Besides, its domain status shows that client transferring is prohibited. Please note the potential risks.
Profiforex provides trading services on currencies, indexes, and metals trading.
| Tradable Instruments | Supported |
| Currencies | ✔ |
| Metals | ✔ |
| Indexes | ✔ |
| Commodities | ❌ |
| Stocks | ❌ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Profiforex offers 2 types of accounts, including Standard Account and Micro Account. Besides, demo accounts are also available. However, it does not reveal the detailed information about these accounts.
As is shown on its official website, the leverage can be up to 1:500. Traders need to consider carefully before investing, because high leverage is likely to bring high potential risks.
Profiforex uses Mobius Trader 7 and MT4 as its trading platforms.
| Trading Platform | Supported | Available Devices | Suitable for |
| Mobius Trader 7 | ✔ | PC, web, mobile | / |
| MT4 | ✔ | PC, web, mobile | Beginners |
| MT5 | ❌ | / | Experienced traders |
Profiforex accepts several types of payment options, such as credit/debit card, Bitcoin, Dash, Skrill, Webmoney, Ethereum, Litecoin, and Perfect Money.
Financial losses are part of the investment markets, and investors are typically willing to accept some degree of market risk.
The majority of Forex traders understand that there is a high potential for loss while trading the market. Broker-client breakups are painful for everyone involved. Also, the fact that there are so many brokers makes it harder for people who are just starting out to find reliable sources. In this paper, I will discuss how ProfiForex is a scam broker.
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