Profiforex Review: Regulation, Spreads & Leverage
STP broker based in Seychelles with MetaTrader 4, a $1 minimum deposit and leverage up to 1:500.
- STP
- 1:500 Leverage
Your money is at risk
In this Profiforex review
Profiforex overview: what kind of broker is it?
Profiforex is an STP forex and CFD broker based in Seychelles, founded in 2007. No.
Traders get MetaTrader 4, spreads from 0.2, leverage up to 1:500 and a low $1 minimum deposit. New clients can also check the current Yes.
Profiforex broker specifications
Company and regulation
| Broker | Profiforex |
|---|---|
| Regulated by | No |
| Type of broker | STP |
| Country | Seychelles |
| Foundation year | 2007 |
| Website | Visit Profiforex website |
| Website languages | English, Chinese and Russian |
Trading conditions
| Minimum deposit | $1 |
|---|---|
| Maximum leverage | 1:500 |
| Minimum spreads | 0.2 |
| Base currencies | USD |
| Tradable instruments | — |
| Hedging / scalping | Allowed |
| News trading | Allowed |
| Trading in public | No |
Bonus and promotions
| Current promotion | Yes |
|---|---|
| Welcome bonus | Yes |
| Standard no deposit bonus | No |
Contact details
| Telephone | +2486470181 |
|---|---|
| support@profiforex.com | |
| Fax | Not available |
| Head office | Profiforex Corp.103 Sham Peng Tong Plaza, Victoria, Mahe, Seychelles |
Profiforex bonus
Profiforex promotes a Yes for new traders. It is a simple way to test the broker's MT4 execution, spreads and withdrawal process before you add more of your own money.
How to claim the Profiforex bonus
- Open a live account through the Visit Broker button.
- Verify your email, phone number and identity (KYC).
- Request the bonus from your client area or from support.
- Trade the required volume, then withdraw your eligible profit.
Bonus terms (required lots, time limit and withdrawal rules) can change at any time. Always read the latest conditions on the Profiforex website before you claim.
Profiforex pros and cons
Pros
- Regulated: No
- Yes for new traders
- Low $1 minimum deposit
- Spreads from 0.2, STP execution
- MetaTrader 4 on every device
- Islamic, mini and managed accounts
- 11 deposit methods
Cons
- Bonus comes with trading-volume rules
Profiforex account types
Profiforex offers several account options so beginners and experienced traders can both find a fit. All live accounts start from a $1 deposit.
| Free demo account | Yes – practise with virtual money |
|---|---|
| Mini account | Yes – smaller trade sizes for beginners |
| VIP account | No |
| Islamic (swap-free) | Yes – no overnight swap charges |
| Managed account | Yes |
| Segregated client funds | Yes |
Profiforex trading platforms
Profiforex runs on MetaTrader 4, which gives you advanced charts, more timeframes, an economic calendar and support for expert advisors. Web trading and mobile trading are both available.
Profiforex deposit and withdrawal methods
Profiforex supports 11 deposit methods.
Banks and cards
E-wallets
Withdrawal methods
Is Profiforex safe and legit?
Profiforex is a regulated broker. No. The broker says client money is kept in segregated accounts, separate from company funds.
Our verdict on safety
Profiforex is a legitimate licensed broker. Start small, test a withdrawal early and use sensible leverage.
Who should choose Profiforex?
Good fit for
- Traders who want MT4 and raw spreads
- Bonus hunters testing a new broker
- Muslim traders needing swap-free accounts
- Scalpers, hedgers and news traders
Think twice if
Profiforex FAQ
Is Profiforex regulated?
Yes. No.
What is the Profiforex minimum deposit?
The minimum deposit to open a live Profiforex account is $1.
Does Profiforex offer a bonus?
Profiforex currently promotes a Yes for new traders. Bonus credit normally has trading-volume and withdrawal conditions, so read the latest terms on the broker's website before claiming.
What is the maximum leverage at Profiforex?
Leverage goes up to 1:500. High leverage increases both potential profit and potential loss, so most traders use far less.
Which trading platform does Profiforex use?
Profiforex uses MetaTrader 4 (MT4).
Does Profiforex offer Islamic swap-free accounts?
Yes. Islamic swap-free accounts are available, along with mini and mini accounts.
How can I deposit and withdraw at Profiforex?
You can use Paypal, Credit Cards, Wire Transfer, Skrill, WebMoney, Perfect Money, Okpay, LiqPay, QIWI, W1 and Yandex.money.