Profiforex foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://www.profiforex.com/account/open, about the company's legal and temporary regulatory information, the company's address Corner Hutson & Eyre Street, Suite 302, Blake Building Belize City, Belize.
Profiforex Forex Broker
Basic information
Belize
5-10 years Suspicious Regulatory License Suspicious Scope of Business High potential riskCompany profile
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 and Cons
| Pros | Cons |
| Long operation time | Lack of transparency |
| Demo accounts available | Lack of regulation |
| MT4 supported | |
| Multiple payment options | |
| Live chat support |
Is Profiforex Legit?
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.
What Can I Trade on Profiforex?
Profiforex provides trading services on currencies, indexes, and metals trading.
| Tradable Instruments | Supported |
| Currencies | ✔ |
| Metals | ✔ |
| Indexes | ✔ |
| Commodities | ❌ |
| Stocks | ❌ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
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.
Leverage
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.
Trading Platform
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 |
Deposit and Withdrawal
Profiforex accepts several types of payment options, such as credit/debit card, Bitcoin, Dash, Skrill, Webmoney, Ethereum, Litecoin, and Perfect Money.
Kelvin49289
Hong Kong
I have to say, I am a loyal fan of Profiforex, really. This broker is a perfect one, and I never met any problems when trading with them. Customer service is amazing, always here to help me.
Positive
2023-02-27