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Score

1.23 /10
Danger

Pro Fx

United Kingdom

1-2 years

Suspicious Regulatory License

High potential risk

https://www.profx.uk

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Score

Regulatory Index0.00

Business Index4.86

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

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Broker Information

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Company Name

Pro Fx Limited

Company Abbreviation

Pro Fx

Platform registered country and region

United Kingdom

Company website

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Instagram

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-11-10
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Pro Fx · Company summary
Pro Fx Review Summary
Registered Country/AreaUK
Founded Year2011
Company NamePro Fx Ltd
RegulationUnregulated
Minimum Deposit$500 (ECN Account)
Maximum Leverage1:1000
SpreadsStarting from 0 pips for ECN
Trading PlatformsVERTEX FX
Tradable AssetsForex, Commodities, CFDs, Indices, Cryptocurrencies
Account TypesECN, ECN Prime, Pro
Demo AccountYes
Islamic AccountYes
Customer SupportWebsite: https://www.profx.uk
Phone: +44 7862 068336
Email: info@profx.uk、support@profx.uk
Social Media: Facebook (https://www.facebook.com/profxgb) and Instagram (https://www.instagram.com/profxgb)
Payment MethodsBank Wire; Tether; Perfect Money; Bitcoin

Pro Fx Information

ProFX is a UK-based trading platform established in 2011, offering five types of financial instruments, including forex, commodities, CFDs, indices, and cryptocurrencies. It features variable spreads and three account types, but it operates without regulatory oversight.

Pro Fx Information

Is Pro Fx legit?

ProFX is not regulated and does not hold any licenses. Its domain profx.com was registered on October 11, 1996, and is set to expire on October 10, 2025.

Is Pro Fx legit?
Is Pro Fx legit?

Pros and Cons

ProsCons
5 market instrumentsUnregulated
3 account typesHigh leverage up to 1:1000
No deposit or withdrawal fees
4 customer supports

What Can I Trade on ProFx?

ProFX offers five types of instruments: forex, commodities, CFDs, indices, and cryptocurrencies.

Tradable InstrumentsSupported
Forex✔
Commodities✔
CFDs✔
Indices✔
Cryptocurrencies✔
What Can I Trade on ProFx?

Account Types

ProFX offers three types of live trading accounts: ECN, ECNPrime, and Pro. ECN is suitable for high-volume traders, while ECNPrime is designed for moderate-volume traders. Pro is ideal for beginners or low-volume traders. The platform also provides a demo account and Islamic accounts.

Account Types

Leverage

ProFx provides leverage options as follows: ECN accounts offer leverage up to 1:1000, while both ECNPrime and Pro accounts offer leverage up to 1:500.

Account TypeLeverage
ECN1:1000
ECNPrime1:500
Pro1:500

Spreads and Commissions

The spreads start from 0 pips, and both the ECNPrime and Pro accounts have no commissions.

Account TypeSpreadsCommission per Round Turn Trade
ECNFrom 0 pips$7
ECNPrimeFrom 1 pipNo commission
ProFrom 1.6 pipsNo commission

Trading Platform

ProFx supports the VERTEX FX trading platform, which is designed for traders of all experience levels. However, there are no access of MT5 platform.

Trading PlatformSupportedAvailable DevicesSuitable for
VERTEX FX trading platform✔Mobile and Desktop（Windows & macOS）All Traders
MT5❌Mobile and Desktop（Windows & macOS）Experienced Traders
Trading Platform

Deposit & Withdrawal

This broker does not charge any deposit or withdrawal fees. The minimum deposit required is $10.

Deposit Methods:

ProcessorMinimum DepositDeposit FeeDeposit Time
Bank Wire$50Depends24-48 Hours
Tether$100%Instant
Perfect Money$100%Instant
Bitcoin$100%Instant

Withdrawal Methods:

ProcessorMinimum WithdrawalWithdrawal FeeWithdrawal Time
Bank Wire$500%24-48 Hours
Tether$200%24 Hours
Perfect Money$200%24 Hours
Bitcoin$200%24 Hours
Deposit & Withdrawal

User Reviews

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User comment

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Comments

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Jeffrey72378
more than one year
I've had a demo account with Pro Fx for over two years now, and I still find myself struggling to navigate the platform. As a seasoned trader, I expect functionality to be straightforward, but the interface is needlessly complex and far from intuitive. I constantly wonder how others using this platform managed to grasp its usage. The learning curve seems steeper than it should be.
I've had a demo account with Pro Fx for over two years now, and I still find myself struggling to navigate the platform. As a seasoned trader, I expect functionality to be straightforward, but the interface is needlessly complex and far from intuitive. I constantly wonder how others using this platform managed to grasp its usage. The learning curve seems steeper than it should be.
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2024-01-03 18:52
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hyut
more than one year
Great broker with the best spreads for my type of trading. They offer a variety of deposit and withdrawal options with some being instant. I also really like the interface and the data on the performance tab.
Great broker with the best spreads for my type of trading. They offer a variety of deposit and withdrawal options with some being instant. I also really like the interface and the data on the performance tab.
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2023-11-08 18:19
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