Profiforex was established in 2010 as an ECN/STP broker. It is located in Seychelles where foreign regulation is not mandatory. So, it is easy to register an account with this broker, especially for U.S. traders.
Profiforex offers two types of accounts; Micro and Standard accounts. The micro account allows traders to make small deals, which is best for new traders and back test a strategy without too much risk.
Profiforex Trading Conditions
Starting Deposit: The minimum deposit on a Micro account is $1, while a standard account is $5. Verification is not required before you can deposit and trade with this broker. Consideration the ease of trading with this broker, it is a best bet for anyone looking to trade with an offshore broker.
Profiforex Spreads & Commission: Profiforex recently introduced New lower ECN spreads on a few Major currency pairs. Traders can enjoy 0.2 pips on EURUSD, 0.5 pips on AUDUSD, 0.6pip on GBPUSD and so on. It does not widen during high market volatility. The fixed commission for a complete deal is 0.3pips. The is one of the cheapest broker to trade with indeed.
Leverage: Maximum leverage is 1:500. It can be used at any time by the trader.
Trading Platforms: MetaTrader 4 for PC and Mobile. Mobius 6, PC and Mobile, and Webterminal.
Promotions: Enjoy 50% to 500% bonus for all deposits with this broker. Participate in a demo contest and win a fully funded trading account.
Profiforex payment methods: Payment methods available to profiforex traders are Credit/Debit card, Skrill, Webmoney, Liqpay, unoinPay, PerfectMoney, Boleto and Yandex Money.