Profiforex Spreads, leverage, minimum deposit Revealed

WikiFX | 2025-01-03 14:14

Abstract：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.

Profiforex Review Summary
Founded	2006
Registered Country/Region	Belize
Regulation	No regulation
Market Instruments	Currencies, indexes and metals
Demo Account	✅
Leverage	Up to 1:500
Spread	/
Trading Platform	Mobius Trader 7, MT4
Min Deposit	/
Customer Support	Live chat
	Email: finance@profiforex.com (7 a.m. - 4 p.m. London time Mon-Fri); support@profiforex.com (24 hour); partner@profiforex.com (24 hour)
	Address: Corner Hutson & Eyre Street, Suite 302, Blake Building Belize City, Belize

　　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.