Singtip Forex Forum

Full Version: Profiforex
You're currently viewing a stripped down version of our content. View the full version with proper formatting.
[Image: profiforex_image.jpg]

Profiforex' clients enjoy the financial services of reliable and respectable broker. We insist on the highest standards so that our clients can be sure that they are trading through reliable and professional liquidity providers.
Our Services:
  • Wide range of currencies, indexes and metals
We offer you access to over than 40 currency pairs, more than 10 indices and metals.
  • Technology
We use STP technology for executing your orders, there ensuring a guaranteed introduction of your orders on the international markets. In other words, we provide access to the interbank market without passing orders through Dealing Desk. Coupled with low and competitive spreads, we offer you many opportunities for professional growth.
  • Advantageous Trading Conditions
We believe that every trader should receive the best trading conditions regardless of the size of the deposit. Tight spreads for everyone, low commission, simple and secure withdrawal system - we have developed all this so that nothing disturbs you from trading and you can focus on trading rather than being nervous about hidden charges, doubled commission fees, delayed withdrawals.


In addition to our many advantages, we also offer you the following benefits: if you trade successfully with big lots (more than one standard) within a few months, we can provide you with an investor, and with that you'll manage an amount not less than $10000. Thus your income will be approximately 30% to 35% of the total earnings.

When you choose us, you choose freedom to trade with any currency pair you want, anytime and using any trading strategy, together with all the help and support you need to get the most out of your investments.

Open a Live Account| Open a demo account | Get 500% Bonus
Profiforex offers ECN lowest spreads. From the market watch window on your mt4 platform, select the quotes with ECN suffix to enjoy very low spreads.

[Image: profiforex_spreads2.jpg]

The commission for the instruments with variable spreads is 0.3 pips round turn. There are no hidden charges: you pay exactly 0.3 pips commission to us for the whole deal.

Maximum Leverage is 1:500.
Deposit Bonus is up to 500% and can be withdrawn gradually.
It is important that you compare both account types before registration. This table will help you. Click the image to visit the account type page on the Profiforex website.

[Image: profiforex_account_types.jpg]

Enjoy 500% Bonus on both account types. Sign up for a Micro account | Standard account
Thank you for the useful information. I registered last week, a micro account and I have been trading since then. So far it is a good deal on the platform. Now I need to know how to withdraw the bonus, because I see it in my account but I don't know how to withdraw it. What to do?
Well, Profiforex is a good broker to begin with. I don't have any issues so far after 2 months. I hope the broker continue with offering good services, especially the fast withdrawal of my profit. Highly recommended!!
ProfiForex offers its clients two basic standard account types: Micro and Standard. All the transactions on micro account are made in cents. Operating with small amounts of money and less risk is ideal for those who are just making their first steps in forex trading. Standard account allows trading in greater volumes and is suitable for regular and experienced traders.


In addition, swap-free (Islamic) accounts are offered to those clients who are not willing to earn interest for religious reasons. Extra commission applies for this swap-free service.


Besides, ProfiForex provides PAMM system for customers who prefer their accounts to be managed by experienced traders (managers). On the other hand, such professional traders have the opportunity to generate additional income.

The Company. Security of Funds


Operating since 2010, ProfiForex is an offshore STP broker offering trading in currency pairs, CFDs, as well as precious metals through the popular MetaTrader 4.


ProfiForex is the trading name Profiforex Corp., a company based in the Seychelles, where forex broker regulation is not mandatory. As a result, FX brokers based in these Islands don’t face any of the strict requirements UK or US-based brokerages do: they are not required to report regularly to any authority, nor to conduct external audits; companies registered in the Seychelles are not obliged to hold clients’ funds in segregated accounts, to possess certain minimum capital in order to prove their financial stability, nor to arrange a compensation scheme in the event of insolvency.


Offshore zones are attractive destinations for emerging forex brokers because of the looser regulation, if any, and the less costly registration procedure. If you, however intend to invest a large amount of funds, we advise you to select among FCA-regulated brokerages, US or Swiss ones, where the respective financial watchdogs are always on alert and your money will be safe and protected.

Trading Conditions


Minimum Initial Deposit
The minimal sum required to open an account with ProfiForex is just $1, a symbolically low amount, which is reasonable, considering the lack of regulation. In comparison, ForexBrokerInc, an offshore based in the Marshall Islands, demands $100 from its clients as a start.


Average Spreads & Commissions
This broker offers both fixed and variable spreads, accessible on both account types. Fixed spreads amount to 2 pips on EUR/USD and involve no commission fees. Such fixed spread is considered average for the forex market. In comparison, LiteForex also offers fixed spreads amounting to 2,0 pips on EUR/USD.


Variable spreads, on the other hand, amount to an average of 0.7 or 0.4 on EUR/USD and involve a commission of 0.3/0.6 pips round turn respectively. So basically, variable spread trading costs amount to around 1 pip, commission included, which is a relatively low value on the forex market. In comparison, ForexBrokerInc offers variable spreads from 1.0 pips on its commission-free accounts.


For further information, you may look up real-time spreads of 15 leading brokers here.


Maximum Leverage
The maximum leverage rates at ProfiForex are high, reaching 1:500. In comparison, SVG-based OctaFX and ForexBrokerInc both offer the same maximum leverage ratios, while LiteForex offers even higher ones, reaching 1:1000. More forex brokers offering leverage equal to or exceeding 1:500 can be viewed here.


We advise traders to exercise caution when using higher leverage levels, for they may not only multiply their earnings on a small deposit, but also lead to heavy losses in excess of the initial investments made.

Trading Platforms


MT4 trading platform and the Web terminal, developed by Mobius-Trader 5.


MetaTrader 4 is the preferred choice of most trading professionals. This platform offers all a trader needs: a number of technical indicators, advanced charting package, extensive back-testing environment and a wide range of Expert Advisors (EAs). Traders can download ready-made or create their own automated trading strategies and simply let the program do all the work.
Here is a list of more forex brokers offering MT4 platform.


Promotions
This broker offers a deposit bonus from 50% to 500%, which you can receive to unlimited number of accounts.

Methods of Payment


The following payment modes are available to clients of ProfiForex: Credit/debit cards (Visa, MasterCard), Skrill, Bitoin, Okpay, Webmoney, PerfectMoney, Neteller, RBK Money, LiqPay, W1, Yandex Money, QiWi, UnionPay, Boleto and Mobile.
PayPal is not available at the moment.


MCX Brokerage