Profiforex

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

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.

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.

Deposit and Withdrawal

Profiforex accepts several types of payment options, such as credit/debit card, Bitcoin, Dash, Skrill, Webmoney, Ethereum, Litecoin, and Perfect Money.