ProFinance.ru Company Overview

　　

Founding Date and Background

　　ProFinance.ru was established in 1995, initially functioning as a dealing center before transitioning to online forex trading. This evolution marked it as one of the pioneering companies in Russia to offer internet-based trading services. Over the years, ProFinance has positioned itself as a prominent player in the Russian financial market.

　　

Parent Company/Ownership Structure

　　The company is managed by a group of financial experts, with American entrepreneur Henry Quinlan reported as a key figure in its management. ProFinance operates as a private entity, with no publicly available information on a parent company or external ownership structure.

　　

Headquarters Location

　　ProFinance.ru is headquartered in Moscow, Russia. The specific address is 101000, Moscow, Pokrovsky Boulevard, House 4/17, Building 1, Office 42.

　　

Global Business Scope

　　While ProFinance primarily caters to the Russian-speaking market, it has a global business scope that includes offering trading services and financial news to a broader audience. However, its operations are primarily focused on Russia and neighboring regions.

　　

Main Regulatory Bodies

　　ProFinance.ru operates without formal regulation, which raises concerns regarding its compliance with industry standards. It is not licensed by any recognized financial regulatory authority, making it an unregulated entity in the financial services sector.

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Company History and Development

　　

Key Milestones

• 1995: ProFinance is founded as a dealing center.
• 1999: The launch of the ForexPF service, which provides current news and analysis on financial markets, significantly boosts its popularity in Russia.
• 2003: The company expands its offerings to include a wider range of trading instruments and services.
• 2018: New account registrations on the ProFinance.ru portal are halted, limiting service to existing users.

　　

Business Expansion Journey

　　ProFinance began as a small dealing center and evolved into a comprehensive online trading platform. Its growth trajectory has been marked by the introduction of various trading services and the establishment of a strong presence in the Russian financial market. However, the cessation of new account registrations indicates a potential stagnation in its growth.

　　

Customer Base Growth

　　Over the years, ProFinance has attracted a diverse customer base, primarily among Russian-speaking traders. Its reputation for providing valuable financial news and insights has contributed to a loyal following, although the lack of new user registrations since 2018 has limited further growth.

　　

Platform Development History

　　The ProFinance trading platform has undergone several enhancements since its inception. The introduction of the ProTrader terminal has allowed users to conduct financial operations efficiently, with a wide array of financial indicators available for analysis.

　　

Important Awards or Recognitions Received

　　While specific awards or recognitions for ProFinance have not been highlighted in available resources, its ForexPF service is noted for becoming one of the most popular financial news platforms in Russia.

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Trading Services Offered

　　

Forex Trading Options

　　ProFinance offers a selection of forex trading options, including various currency pairs. However, specific details regarding the number of currency pairs available are not well-documented, leading to some ambiguity about the breadth of its forex offerings.

　　

Stock Trading Options

　　The company provides trading options for stocks, although the exact number of stocks available for trading is not specified. This limited information may hinder potential users from evaluating the platform's competitiveness in stock trading.

　　

CFD Trading Products

　　ProFinance also facilitates trading in Contracts for Difference (CFDs), allowing users to speculate on price movements of various financial instruments without owning the underlying assets.

　　

Other Financial Instruments

　　In addition to forex and stock trading, ProFinance offers trading in commodities such as oil and gold, as well as cryptocurrencies like Bitcoin. This diverse range of instruments caters to various trading preferences.

　　

Special Services or Unique Advantages

　　ProFinance distinguishes itself through its focus on providing timely forex trading news and market analysis. This service is particularly beneficial for traders seeking insights into market trends and potential trading opportunities.

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Regulatory and Legal Background

　　

Detailed Regulatory Information

　　ProFinance operates as an unregulated entity, lacking oversight from any recognized financial regulatory authorities. This absence of regulation raises significant concerns regarding the protection of client funds and the overall reliability of the platform.

　　

Legal Entity Structure by Region

　　The legal entity structure of ProFinance is primarily based in Russia, with its operations focused on serving the Russian-speaking market. The lack of a regulatory framework limits its ability to provide assurances typically expected from regulated entities.

　　

Client Fund Protection Measures

　　Due to its unregulated status, ProFinance does not provide clear information regarding client fund protection measures. This poses a risk to users, as there are no regulatory safeguards in place to ensure the safety of their investments.

　　

Countries/Regions Served

　　While ProFinance is primarily focused on the Russian market, it does offer services to a broader audience. However, its unregulated status may deter potential clients from other regions.

　　

Compliance History

　　ProFinance's compliance history is not well-documented, but its lack of regulatory oversight suggests potential challenges in adhering to industry standards for transparency and security.

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Competitive Landscape

　　

3-5 Main Competitors

• Porter Finance
• National Bullion House
• Accuindex

　　

Positioning in the Industry

　　ProFinance has established itself as a significant player in the Russian financial market, particularly in the realm of forex trading and financial news. However, its unregulated status may hinder its positioning compared to competitors that are licensed and regulated.

　　

Market Differentiation Factors

　　ProFinance differentiates itself through its focus on providing valuable financial news and insights, which can be advantageous for traders seeking to make informed decisions. However, the lack of a demo account, limited information on trading conditions, and absence of regulation are notable drawbacks that may affect its competitive edge.

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　　In conclusion, while ProFinance.ru has a long-standing presence in the Russian financial market and offers a variety of trading services, its unregulated status raises significant concerns for potential users. The absence of formal oversight, combined with limited information on trading conditions, necessitates caution for anyone considering engaging with this platform. As always, potential clients are encouraged to conduct thorough research and consider their options carefully before making financial commitments.

　　For more information about ProFinance.ru, learn more.

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