Profiforex Spreads, leverage, minimum deposit Revealed

Aspect	Information
Company Name	Profiforex
Registered Country/Area	Belize
Founded Year	2016
Regulation	Unregulated
Products & Services	Products:Forex,CryptoCurrencies trading,Investment,Metals,IndexServices:Bonus,Contest
Account Types	Real Account(Standard,Micro),Demo Account
Demo Account	Available
Commissions & Spreads	Commissions:0.3 pip,Spreads:from 0.0002 to 0.07
Trading Platform	Mobius Trader(many versions),MT4
Customer Support	Email:finance@profiforex.com
Payment Methods	Mastercard,VISA,Perfect Money,NETELLER,SKrill,BTC,LTC.etc
Educational Resources	Training for some tools(Graphic analysis,Indicators.etc),Introduction for forex,crypto

Overview of Profiforex

　　Profiforex is a financial services company established in 2016 and based in Belize. Although unregulated, it offers a range of products and services including Forex and cryptocurrency trading, investments, as well as metals and indexes.

　　Profiforex provides various account types such as Real and Demo accounts, supported by trading platforms like Mobius Trader (in various versions) and MT4. Additional features include bonuses, contests, and educational resources focusing on tools like graphic analysis and indicators.

　　For customer support, the company can be reached via email at finance@profiforex.com. Payment options are diverse, encompassing Mastercard, VISA, Perfect Money, NETELLER, Skrill, BTC, LTC, among others.

Regulatory Status

　　Profiforex is currently unregulated, meaning it does not hold a license from any recognized financial regulatory authority.

　　This status can be important for potential clients to consider, as it will impact the level of oversight and protection that they would receive compared to trading with a regulated entity.

Pros and Cons

Pros	Cons
Diverse Trading Platforms	Lack of Regulation
Educational Opportunities	Limited Customer Support Options
Investment Flexibility	Technological Complexity
Robust Liquidity	Restricted Payment Methods

　　Pros of Profiforex

1. 　　Diverse Trading Platforms: Offers a variety of trading platforms including MT4, Mobius Trader 7, and WebTerminal, suitable for different operating systems like Windows, Mac OS, and Linux.

2. 　　Educational Opportunities: Provides training and resources in Forex, cryptocurrencies, and the use of trading tools like indicators and graphical analysis.

3. 　　Investment Flexibility: Features direct investment opportunities and a unique system for choosing and investing in traders, allowing for diversified investment strategies.

4. 　　Robust Liquidity: Supported by major liquidity providers such as Deutsche Bank, Barclays, and UBS, ensuring better price stability and market depth.

　　Cons of Profiforex

1. 　　Lack of Regulation: Not regulated by any recognized financial authority, which will raise worries about security and operational standards.

2. 　　Limited Customer Support Options: Customer support is primarily available through email, which will not be sufficient for urgent trading issues.

3. 　　Technological Complexity: Some platforms like Mobius Trader 7 are complex for beginners, despite the availability of training.

4. 　　Restricted Payment Methods: While it supports several payment methods, the options are somewhat limited compared to other brokers that offer more varied e-wallets and local payment systems.

Products & Services

　　Profiforex offers a large array of financial products and services designed to meet the needs of a diverse group of traders and investors. Here's a detailed overview:

　　Products:

1. 　　Forex Trading: Provides access to a wide range of major and minor currency pairs, allowing traders to engage in the buying and selling of currencies from around the world. This service is ideal for those looking to exploit fluctuations in exchange rates to gain financial returns.

1. 　　Cryptocurrencies Trading: Offers the ability to trade in popular digital currencies such as Bitcoin, Ethereum, and others. This service attracts those interested in the dynamic and potentially lucrative market of cryptocurrencies.

1. 　　Investment Services: Facilitates various forms of investments in different markets, including managed portfolios and direct investment opportunities. This is suitable for investors looking for asset diversification and the potential for passive income.

1. 　　Metals: Enables trading in precious metals like gold and silver, which are often sought after as safe-haven assets during times of economic uncertainty or market volatility.

2. 　　Indices: Provides opportunities to trade on major global stock indices, such as the S&P 500 or the FTSE 100, allowing traders to speculate on the overall movement of the stock markets without having to trade individual company stocks.

　　Services:

1. 　　Bonuses: Profiforex offers a variety of bonus programs designed to attract new traders and reward existing clients. These bonuses will include deposit match-ups or other promotional offers that enhance trading capital.

1. 　　Contests: Organizes trading contests that encourage participation through competitive incentives. These contests will involve trading certain products or achieving specific profit targets, with winners receiving financial rewards or other prizes.

Account Types

　　Profiforex offers two main types of accounts to accommodate different levels of trading experience and investment preferences:

1. 　　Real Account (Standard and Micro Options):

• 　　The Real Account comes in two variations: Standard and Micro.

• 　　Standard Account: Suitable for more experienced traders, this account type typically requires a higher minimum deposit but offers more competitive spreads and leverage options. It's ideal for traders planning to trade larger volumes.

• 　　Micro Account: Perfect for beginners or those trading with smaller budgets, the Micro Account allows for trading with a lower minimum deposit and smaller trade sizes. The spreads will be slightly higher compared to the Standard Account, but it lowers the barrier to entry for new traders.

1. 　　Demo Account

　　Aimed at beginners or those who wish to practice trading strategies without financial risk, the Demo Account provides virtual funds.

　　It mirrors the real trading environment, allowing users to experience the market dynamics and test the trading platforms available at Profiforex without any actual financial commitment.

　　This account is also useful for experienced traders looking to test new strategies before applying them in a real trading scenario.

How To Open An Account？

　　Opening an account with Profiforex is a straightforward process that can be completed in just a few steps:

1. 　　Choose Your Account Type:

　　Visit the Profiforex website and navigate to the account opening section.Decide whether you want to open a Real Account or a Demo Account, based on your trading experience and goals.

1. 　　Complete the Registration Form:

　　Fill out the online registration form with your personal details such as name, email address, and phone number.Provide any additional information required for the type of account you are choosing. For a Real Account, you will need to submit further documentation for identity and residency verification.

1. 　　Deposit Funds (for Real Account):

　　Once your account is set up and verified, log in to your personal area.Choose your preferred deposit method from options like Mastercard, VISA, Perfect Money, NETELLER, Skrill, BTC, LTC, and more.Follow the prompts to deposit the minimum required funds to activate your Real Account.

Commissions & Spreads

　　Profiforex charges a commission of 0.3 pips across various trading instruments. This is a fairly low rate which will appeal to both casual and serious traders, allowing them to keep more of their profits.

Spreads for Forex

　　The spreads for Forex trading on Profiforex vary and are typically dependent on market conditions and the specific currency pair being traded. For instance:

• 　　EURUSD: The spread can be as low as 0.0001 pips under ECN conditions, indicating a very tight spread, which is beneficial for traders seeking minimal trading costs.

　　Spreads for Cryptocurrencies

　　Cryptocurrency trading on Profiforex involves variable spreads, which also depend on the market conditions and the specific cryptocurrency. Examples include:

• 　　Bitcoin (BTCUSD): The spread can vary, and due to the volatility of cryptocurrencies, this spread can be relatively wider compared to traditional Forex pairs.

• 　　Ethereum (ETHUSD): Similar to Bitcoin, the spread is variable and can be as tight as 0.01 pips under certain conditions.

• 　　Cardano (ADAUSD): The spread is notably low at 0.0001, which is advantageous for traders dealing in this cryptocurrency.

　　Spreads for Other Assets

　　Profiforex also offers trading in other financial instruments like gold and indices, with the following spreads:

• 　　Gold (XAUUSD): The spread can be as low as 0.36 pips, which is competitive for precious metals trading.

• 　　DAX30: An index of German listed shares has a spread which can be broader, such as 8 pips, reflecting the general volatility and valuation of the asset.

Trading Platform

　　Profiforex offers a variety of trading platforms to meet the diverse needs of its traders. The primary platforms available are:

1. 　　Metatrader 4 (MT4): Widely recognized for its robust functionality, MT4 provides an efficient trading environment with advanced charting tools, technical analysis options, and automated trading capabilities through expert advisors. It is favored for its user-friendly interface and wide acceptance among Forex traders globally.

1. 　　Mobius Trader: This platform is available in several versions, offering a modern trading experience with features tailored for efficiency and flexibility in trading. Mobius Trader is known for its user-friendly and flexible interface, support for a wide variety of charts including Heiken Ashi, and one-click trading. It also allows users to set all order parameters directly on the chart, making it a powerful tool for both beginner and experienced traders.

Payment Methods

　　Profiforex offers a variety of deposit methods to meet the diverse needs of its clients.

　　Users can fund their trading accounts using several cryptocurrencies including Bitcoin, Litecoin, Ethereum, Bitcoin Cash, DASH, and Tether (both TRC-20 and ERC-20 tokens).

　　Additionally, traditional e-wallet options like PerfectMoney, Webmoney, Excoinos, and various StableCoins are also available. This array of deposit options provides flexibility and convenience, allowing traders to choose the method that best suits their financial setup.

　　For withdrawals, Profiforex provides a large range of options as well. Clients can withdraw their funds using cryptocurrencies such as Bitcoin, Litecoin, Ethereum, Bitcoin Cash, DASH, and Monero. E-wallets like Webmoney, PerfectMoney, Skrill, QIWI, and Yandex.

　　Money are also supported, along with traditional bank card options such as Visa/MasterCard and UnionPay. This variety ensures that traders can access their funds easily and transfer them to their preferred financial instruments.

Customer Support

　　Profiforex offers dedicated customer support through multiple specialized departments to ensure effective handling of all inquiries and issues.

　　The Financial Department addresses financial questions related to deposits and withdrawals and can be contacted at finance@profiforex.com; they operate from 7 a.m. to 4 p.m. London time, Monday through Friday.

　　For general and technical questions, the Client Department is available 24 hours a day and can be reached at support@profiforex.com.

　　Additionally, the Development Department handles partnership program inquiries, particularly those related to commission fees for agents, and is also available around the clock at partner@profiforex.com.

　　

Educational Resources

　　Profiforex provides a range of educational resources aimed at enhancing the trading skills and knowledge of its clients.

　　The training covers various tools and methods, including graphic analysis and the use of multiple technical indicators.

　　Specific tools and indicators featured in their training include Fibonacci-based tools like Fibo Fan, Fibo Channel, and Fibo Lines, as well as the Equidistant Channel and various indicators such as the Center Of Gravity, Money Flow Index (MFI), ATR Channels, and Keltner Channels.

　　Additionally, there are resources focused on the broader aspects of trading in markets like Forex and cryptocurrencies, offering introductory courses that help traders understand market dynamics and develop trading strategies.

Conclusion

　　Profiforex is a comprehensive trading platform established in 2016 and based in Belize, offering a wide array of financial products and services.

　　While it operates unregulated, it provides diverse trading options including Forex, cryptocurrencies, and precious metals, across several advanced trading platforms like MT4 and Mobius Trader.

　　Profiforex supports a variety of payment methods for deposits and withdrawals and offers robust educational resources aimed at improving trading skills. The platform attracts both novice and experienced traders through a flexible account system and responsive customer support.

FAQs

　　Question: What types of trading accounts does Profiforex offer？

　　Answer: Profiforex offers Real Accounts with options for Standard and Micro setups, as well as Demo Accounts for practicing trading without financial risk.

　　Question: Is Profiforex regulated？

　　Answer: No, Profiforex is currently unregulated, which means it does not hold a formal license from any recognized financial regulatory authority.

　　Question: What trading platforms are available at Profiforex？

　　Answer: Profiforex provides the popular MT4 platform and Mobius Trader, which are accessible on multiple operating systems including Windows, macOS, Linux, Android, and iOS.

　　Question: Can I trade cryptocurrencies on Profiforex？

　　Answer: Yes, Profiforex offers cryptocurrency trading. You can trade popular cryptocurrencies such as Bitcoin, Ethereum, and Litecoin among others.

　　Question: How can I contact customer support at Profiforex？

　　Answer: Profiforex offers specialized customer support through different departments. For financial inquiries, contact the Financial Department at finance@profiforex.com. General and technical support can be reached at support@profiforex.com, and partnership-related questions can be directed to partner@profiforex.com.