ProfiForex Corp Review 2020

ProfiForex Corp Rated 3/5
learn more Learn more about eToro. 75% of retail investor accounts lose money when trading CFDs with this provider.

ProfiForex Corp Guide

ProfiForex Corp are an online broker founded in 2008 offering Forex trading trading, Social trading trading, and Share Dealing trading.

ProfiForex Corp are a global broker and have a head office in Seychelles.

ProfiForex Corp have a listed stock symbol. This means that ProfiForex Corp have publically listed and you can officially buy shares in ProfiForex Corp on one of the worlds global market exchanges.

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of ProfiForex Corp we break down the pros and cons. What ProfiForex Corp are able to offer, what countries ProfiForex Corp are available in. Who ProfiForex Corp are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

Benefits of trading with ProfiForex Corp

  • Regulated by: Seychelles International Business Authority (SIBA)
  • Headquarters Country : Seychelles
  • Foundation year 2008
  • Min Deposit : 1
  • Used by over 10,000 traders
  • ProfiForex Corp is not available in the following countries :
Open ProfiForex Corp's Website

Your capital is at risk

At the bottom of this review you can also learn about some pretty good alternatives to ProfiForex Corp

With this review we hope to help you see if ProfiForex Corp is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding ProfiForex Corp that will help you get off to a good start in the world of online trading.

ProfiForex Corp Review Table of Contents

ProfiForex Corp what you should know

ProfiForex Corp offer three ways to trade: Forex trading, Social trading, Share Dealing.

With ProfiForex Corp you will need a minimum deposit of $1. You can sign up for a demo account to acquaint yourself with ProfiForex Corp platform.

ProfiForex Corp are able to accommodate various levels of traders whether you are experienced or a beginner.


Are ProfiForex Corp safe?

When choosing a broker like ProfiForex Corp the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 2008, and in operation for 12 years ProfiForex Corp have a head office in Seychelles.

ProfiForex Corp is regulated. This means ProfiForex Corp are supervised by and is checked for conduct by the Seychelles International Business Authority (SIBA) regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to ProfiForex Corp, this will be honored. If ProfiForex Corp violate any regulatory rules their regulated status could be stripped.

Any payments funded to ProfiForex Corp accounts by traders are held in a segregated bank account.

For added security ProfiForex Corp use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Try creating two accounts when you are working with ProfiForex Corp. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit ProfiForex Corp

Your capital is at risk

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

Broker profiforexcorp eToro XTB Trading212
Year Established 2008 2006 2002 2006
Head Office Seychelles Cyprus, UK Poland UK
Regulation Seychelles International Business Authority (SIBA) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)
Used By 10,000+ 12,000,000+ 250,000+ 14,000,000+
Negative balance protection No Yes Yes
Guaranteed Stop Loss No No Yes
Learn More Visit ProfiForex Corp Visit eToro Visit XTB Visit Trading 212
Risk Warning Your capital is at risk 75% of retail investor accounts lose money when trading CFDs with this provider. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

ProfiForex Corp Pros and Cons

What we like about ProfiForex Corp

  • Used by over 10,000 traders
  • Established in 2008
  • Regulated by Seychelles International Business Authority (SIBA)
  • Min. deposit from $1

What we don't like about ProfiForex Corp

ProfiForex Corp Financial Regulation and Supervision in more detail

We have checked and ProfiForex Corp is regulated and supervised by reputable organisations. You are able to check every ProfiForex Corp supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with ProfiForex Corp. Regulatory authorities protect the traders with things like reimbursement schemes that regain the client's investment in the event the broker becomes insolvent.

The brokerage firms have to comply with a variety of rules and criteria determined by the recognized international authority with the intention to provide secure trading and stay licensed. The whole notion of regulation is to protect ProfiForex Corp traders and provide a safe trading environment.

ProfiForex Corp is governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the behavior of the brokers and if things go wrong they will take necessary action. Before trading online with a broker such as ProfiForex Corp you should be sure they're legitimate online agent.

ProfiForex Corp General Fees

  • ProfiForex Corp withdrawal fees varies on payment method
  • ProfiForex Corp does charge inactivity fees
  • ProfiForex Corp does charge deposit fees
Broker profiforexcorp eToro XTB Trading212
Min Deposit 1 200 0 1
Withdrawl Fees varies Yes varies No
Inactivity Fees Yes No No
Deposit Fees No No No
CFD Commission Fees No Yes No

ProfiForex Corp Commissions

  • ProfiForex Corp does charge commission on CFD instruments.

What can you trade with ProfiForex Corp?

You can trade a wide variety of instruments with ProfiForex Corp over 192 instruments infact.

If you are looking at trading currency pairs ProfiForex Corp offer over currency pairs.

Compare ProfiForex Corp with eToro and XTB below.

Your capital is at risk

Broker profiforexcorp eToro XTB Trading212
Instruments Available 192 100 1,500 3000
Platforms MT4,Desktop,Android,iPhone,Mac Web Trader, Tablet & Mobile apps MT4, Mirror Trader, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps
FX / Currencies Visit ProfiForex Corp Visit eToro Visit XTB Visit Trading 212
Forex pairs offered 50 50 177
Major forex pairs Yes Yes Yes Yes
Minor forex pairs No Yes Yes Yes
Exotic forex pairs No Yes Yes Yes
Cryptocurrencies No Yes Yes Yes
Commodity CFDs Visit ProfiForex Corp Visit eToro Visit XTB Visit Trading 212
Commodities Offered 0 0 21 14
Metals Yes Yes Yes Yes
Energies Yes Yes Yes Yes
Agricultural Yes Yes Yes Yes
Indiced & Stock CFDs Visit ProfiForex Corp Visit eToro Visit XTB Visit Trading 212
Stocks Offered 957 1696 1731
UK Shares Yes Yes Yes Yes
US Shares No Yes Yes Yes
German Shares No Yes Yes Yes
Japanese Shares No Yes Yes Yes

Trading on ProfiForex Corp web platforms and other applications

ProfiForex Corp offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers.

An ProfiForex Corp IOS or Android native App on your phone or tablet will Work quicker Than the Avatrade Website on the same device

ProfiForex Corp also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you’re on the move.

See profiforexcorp's platforms

ProfiForex Corp Trading benefits :

  • Allows hedging
  • Offers STP
  • Low min deposit

ProfiForex Corp Trading Accounts Offered :

  • Demo account
  • Standard account
  • ECN account
  • STP account
  • Islamic account

Can I try ProfiForex Corp before I buy?

ProfiForex Corp offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

ProfiForex Corp withdrawl and funding methods.

ProfiForex Corp offer the below funding payment methods. learn more about ProfiForex Corp

  • Credit cards
  • PayPal
  • Skrill
Broker profiforexcorp eToro XTB Trading212
Bank transfer No Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal Yes Yes Yes Yes
Skrill Yes Yes Yes Yes
Payoneer No Yes Yes No
Neteller No Yes Yes No

How can I start trading with ProfiForex Corp?

When opening a trading account with ProfiForex Corp, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on ProfiForex Corp trading platforms here.

Performing trades with ProfiForex Corp

ProfiForex Corp allow you to execute a minimum of trade of varies. This may vary depending on the account you open. ProfiForex Corp allow you to execute a maxium trade of varies. As ProfiForex Corp offer ECN and STP execution, you can expect very tight spreads with more transparency over the price you‘re paying to execute your trades.

As with most brokers, margin requirements do vary depending on the instruments.

Education resources at ProfiForex Corp

To trade effectively with ProfiForex Corp, it's important to get a have a good understanding of the ProfiForex Corp trading tools and the markets.

ProfiForex Corp offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with ProfiForex Corp.

Take time to look around the ProfiForex Corp platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Customer Support at ProfiForex Corp

ProfiForex Corp support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian

ProfiForex Corp have a D grade support rating because because sometimes the response was slow or our query wasnt answered. ProfiForex Corp less customer support features compared to other brokers like live chat, phone and email support. email support and supports a limited amount of Languages. Live chat support supports a limited amount of Languages. Phone support supports a limited amount of Languages.

Livechat Support at ProfiForex Corp

We tested the ProfiForex Corp live chat and it works well. We sent messages to ProfiForex Corp livechat through their app and website and recieved a response within 20 minutes. Sometimes there was no response.

We tested communicating with ProfiForex Corp support in multiple languages in multiple countries. ProfiForex Corp where able to resolve our customer issues.

Email Support at ProfiForex Corp

We sent several emails to ProfiForex Corp and answer times overall were excellent. The fastest response from ProfiForex Corp was 4 hours and the slowest response was 5 days. Sometimes there was no response. Support response times may vary for you with ProfiForex Corp, but this was our experience sending 10 emails at varying times.

The team resolved and answered our queries. Overall average email support from ProfiForex Corp.

Phone Support at ProfiForex Corp

We called ProfiForex Corp and the call was answered very quickly. The call was answered in less than 5-10 minutes.

The ProfiForex Corp phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual ProfiForex Corp team by calling in varying languages. ProfiForex Corp made an effort to make sure our queries were answered.

Overall the phone support from ProfiForex Corp was okay.

See how ProfiForex Corp Support Compares Against Other Brokers

Broker profiforexcorp eToro XTB Trading212
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian English, German, Spanish, French, and Italian English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, РУССКИЙ, Romana, Turkce, العربية, 中文
Learn More Visit ProfiForex Corp Visit eToro Visit XTB Visit Trading 212
Risk Warning Your capital is at risk 75% of retail investor accounts lose money when trading CFDs with this provider. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

What you will need to open an account with ProfiForex Corp

As ProfiForex Corp is regulated by Seychelles International Business Authority (SIBA), every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 3 minutes or so to complete the account opening process.

While you might be able to explore ProfiForex Corp's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with ProfiForex Corp you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.profiforex.com/ on 12th August 2018.

Is ProfiForex Corp A Good Broker?

We spent over 3 months examining ProfiForex Corp in depth. Although we found some very useful aspects of the ProfiForex Corp platform that would be useful to some traders. Overall our feeling is that you would be better served with an alternative ProfiForex Corp broker.

  • ProfiForex Corp have a good track record of offering Forex trading, Social trading, Share Dealing.
  • ProfiForex Corp has a history of over 12 years.
  • ProfiForex Corp has a reasonable sized customer support of at least 10.
  • ProfiForex Corp are regulated by Seychelles International Business Authority (SIBA). This means ProfiForex Corp fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • ProfiForex Corp have regulation from a Tier 1 reputable country.
  • ProfiForex Corp has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • ProfiForex Corp have an international presence in multiple countries. This includes local ProfiForex Corp seminars and training.
  • ProfiForex Corp are able to hire people from various locations in the world who can better communicate in your local language.

ProfiForex Corp Risk Disclaimer

Your capital is at risk

ProfiForex Corp not quite right?

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If you feel some of the above ProfiForex Corp are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of ProfiForex Corp alternatives below.

Related ProfiForex Corp Comparisons

If you would like to see how ProfiForex Corp stands up against other brokers you can read some of our ProfiForex Corp comparisons below. We compare side by side some of our top rated ProfiForex Corp versus comparisons. Read some indepth ProfiForex Corp VS pages below.

PROFIFOREX CORP Frequently Asked Questions

Can I try ProfiForex Corp before I buy?

ProfiForex Corp offer a demo account so you can try before you put down and payment. Learn more here

What funding methods do ProfiForex Corp accept?

ProfiForex Corp offer the following funding payment methods accept Credit cards, PayPal, Skrill, among other payment methods.
Learn more here

Your capital is at risk

Is ProfiForex Corp safe?

ProfiForex Corp are considered safe as they are regulated by and checked for conduct by the Seychelles International Business Authority (SIBA). Any payments funded to ProfiForex Corp accounts by traders are held in a segregated bank account. For added security ProfiForex Corp use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Is ProfiForex Corp trading good?

ProfiForex Corp is considered good and reputable to trade with. ProfiForex CorpProfiForex Corp is used by over ProfiForex Corp active traders. ProfiForex Corp offers Forex trading trading, Social trading trading, and Share Dealing trading. Minimum deposit with ProfiForex Corp is mindeposit.

Is ProfiForex Corp trading Legit?

ProfiForex Corp was founded in Seychelles in 2008. ProfiForex Corp has been facilitating trade on the financial markets for over 12 years. ProfiForex Corp offers clients Forex trading trading, Social trading trading, and Share Dealing trading. All funds deposited to ProfiForex Corp are held in segregated tier 1 bank accounts for security. ProfiForex Corp is regulated by Seychelles International Business Authority (SIBA) so can be considered legit.

Is ProfiForex Corp a good broker?

ProfiForex Corp is overseen by the top tier financial regulators Seychelles International Business Authority (SIBA) so can be considered a good broker.ProfiForex Corp allows Forex trading trading, Social trading trading, and Share Dealing trading.

Is ProfiForex Corp trustworthy broker?

ProfiForex Corp can be considered trustworthy. All money funded to ProfiForex Corp is placed into a segregated tier 1 bank account. this means your money in not held by ProfiForex Corp directly but a tier 1 bank. The broker has no direct access to your funds so cannot misappropriate your money. Also ProfiForex Corp is regulated by Seychelles International Business Authority (SIBA).

What is the minimum deposit for ProfiForex Corp?

The minimum deposit to trade with ProfiForex Corp is 1.

How long do ProfiForex Corp withdrawals take?

Withdrawing money from ProfiForex Corp processing time varies but averages 2-5 days.

Is ProfiForex Corp regulated?

ProfiForex Corp is regulated by Seychelles International Business Authority (SIBA).

Is ProfiForex Corp a market maker?

ProfiForex Corp is a market maker. Stocks, currency and other commodities and instruments will be purchased by ProfiForex Corp even if no buyer is lined up.

How can I start trading with ProfiForex Corp?

When opening a trading account with ProfiForex Corp, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on ProfiForex Corp trading platforms here.

Is my money safe with ProfiForex Corp?

ProfiForex Corp is regulated by Seychelles International Business Authority (SIBA). One of the most important criteria for traders when choosing a broker like ProfiForex Corp is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to ProfiForex Corp, this will be honored. If they violate any regulatory rules their regulated status can be stripped.

Is ProfiForex Corp a con?

ProfiForex Corp is regulated and well established having been in business for over 12 years. ProfiForex Corp is definitely not a con.

Can you make money with ProfiForex Corp?

Although traders have had great success with ProfiForex Corp. Trading on the financial markets with ProfiForex Corp is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. Never trade with money you cannot afford to lose. Your capital is at risk.

Does ProfiForex Corp have fees?

ProfiForex Corp withdrawal fees varies on payment method. ProfiForex Corp does charge inactivity fees. ProfiForex Corp does charge deposit fees.

When was ProfiForex Corp founded?

ProfiForex Corp was founded in 2008.

How many people use ProfiForex Corp?

ProfiForex Corp is used by over 10000 registered traders.

What is ProfiForex Corp Headquarters country?

ProfiForex Corp has its head quarters office in Seychelles.

Does ProfiForex Corp offer negative balance protection?

ProfiForex Corp does not offer negative balance protection. With Negative balance protection means traders cannot lose more money than they have deposited.

Does ProfiForex Corp offer guaranteed stop loss?

ProfiForex Corp does not offer guaranteed stop loss. With guaranteed stop loss protection risk is managed. Traders are guarenteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

Does ProfiForex Corp allow scalping?

ProfiForex Corp does not offer scalping.

Does ProfiForex Corp allow hedging?

ProfiForex Corp offers hedging.

Does ProfiForex Corp offer CFD trading?

ProfiForex Corp does not offer CFD trading.

Does ProfiForex Corp offer STP?

ProfiForex Corp offers STP trading.

How many people use ProfiForex Corp?

ProfiForex Corp is used by over 10000 traders.

Is ProfiForex Corp an ECN broker?

ProfiForex Corp offers ECN trading.

Does ProfiForex Corp offer a demo account?

ProfiForex Corp offers a demo account.

Does ProfiForex Corp offer an Islamic account?

ProfiForex Corp offers a Islamic accounts.

What are the funding methods for ProfiForex Corp?

ProfiForex Corp accept the following funding methods : Credit cards, PayPal, Skrill,

ProfiForex Corp review written by Andrew Blumer and Mark Hansen

We hope you found our review of the ProfiForex Corp brokerage firm useful.

This article was written by our financial editor Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD's, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

ProfiForex Corp review written by Mark Hansen of Comparebrokers.co