Profiforex

Editorial Rating:
3.48
Accept US Traders:
Yes

Profiforex.com

Tired of answering to the whims of other Forex brokerages, the community of traders behind Profiforex decided to create their own platform to help themselves and others.

Operational since 2010 from a base in the Seychelles, this FX broker is equipped with a 24-hour a day technical support team, minimum deposits of $1 without transaction fees, leverage up to 1:500 and withdrawal times of less than 24 hours.

Alongside this well equipped foreign exchange portal is full compatibility of MetaTrader 4. Known as the industry’s leading trading platform, MT4 provides users with the ability to execute in-chart trades, set their own limits and play the currency market from their desktop or more device.

Profiforex.com’s Special FX:

A bevy of bonuses line the virtual walls of this FX broker’s platform. Designed to give aspiring traders as much help as possible on the road to Forex riches, these deposit rewards operate on a three-tier basis:

10% Welcome Bonus: Minimum bonus amount is $5. Starting from a deposit of $50, users can receive 10% bonus up to a maximum of $30.

20% First Deposit Bonus: Minimum bonus amount is $5. Starting from a deposit of $25, users will receive 20% bonus up to a maximum of $50.

30% King of the Hill Contest Bonus: Minimum bonus amount is $5. Starting from a deposit of $17, a user will receive 30% bonus up to a maximum of $100.

For those that have a little extra cash to invest another impressive feature of Profiforex’s platform is a managed account. When a trader reaches three months of trading and an account balance of $10,000+ Profiforex will assign them an investor.

From here the user will manage the investor account and take a 30%-35% profit share from the money made by this secondary account, something which is fantastic for high-volume traders.

The Essentials:

As mentioned, Profiforex utilises the MetaTrader 4 platform and around that software the following account conditions have been defined:

Minimum account size = $1

Minimum position size = 0.01 lot

Variable spreads typically from 0.7 pips with a minimum of 0.1 pips on major currency pairs.

Leverage = 1:500

Digits quoted after the comma = 4 or 5

Margin call level = 15%

Stop-out level     = 15%

Number of currency pairs available = 42 (including 21 exotics)

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fxBrokerSearch.com does not support nor encourage the execution of any investments. Trading with a margin is high risk endeavour and not suitable for everyone, therefore, each investor should carefully consider all relevant trading conditions, such as experience, risk and cost, before taking part in any type of trading, including Forex.

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This means advertised prices may not be accurate and could differ from the actual market conditions. For this reason it is not appropriate to rely on any data presented by fxBrokerSearch.com for the purposes of trading.

Based on these conditions, fxBrokerSearch.com will not be held responsible for any losses incurred through trades conducted in light of data presented on this site.