26 reviews of Profiforex are presented here. All reviews represent only their author's opinion, which is not necessarily based on the real facts.
I started with profiforex as an affiliate. Then when the people I introduced said they like the broker. i thought maybe its because there are no ID required to start trading. So I downloaded their mt4 and started trading as well.
First of all, my IB commission was always paid on time to my webmoney account. Very easy partnership where I get 1pip per lot traded.
Then while trading, I noticed that they are a decent and transparent broker. I am still enjoying my affiliate commissions and same time trading.
This review is my appreciation!
I am writing this review to inform fellow traders that I have tested this broker in various ways, and it is a good broker with a great platform. Makes me wonder why there are bad reviews here. Am I just lucky to trade with this broker without problems? The Spreads are incredibly low, Imagine an average of 0.6 spread for AUDUSD, it has never gone far above this..
So, I'll recommend Profiforex.
PLEASE do not fall for any promotions like bonus or high leverage offer from this company,they are scam that will make your trading lose in no time.
price slippage,trade goes wrong direction will make your trading not right.
It was easy to use demo,but to live account YOU'LL lose in no time
They use special bot to make customer lose.
Trust me you'll regret for using the service,if not give it try and you'll see how they rip you
I work in the money market through a broker 'Admiral Markets' more than 3 years. I'm super happy with
the service. In the last year I've withdraw about $ 40,000 and I've never had a problem with them. Great
service, amaizing Team & Support!
I want to tell all worlds forex trader that this broker is big scam because when you make a winner then his reality appear , this year 2015 I join profi forex and make profit easily without any problem but when my account balance increase then one day then make slippage with very big gap , market price is 1.6416 and I make sell trade but my order opening price is 1.6405 Its mean I get 11 pips gap , this is a huge gap then I recently withdraw my all balance and runaway from this broker and now just find another good broker .
Note: I am editing my review because profiforex resolved the withdraw issue.
Their paypal withdraw only works if you have used paypal to deposit,
however, it is not disabled on the website so if you try to withdraw
with paypal you will end up wasting days of time waiting for the
finance dept to tell you that you cannot.
In my experience, they are a simple broker with fast execution and
decent stop-out level that allows US brokers. However, they did lock
my account from trading CFDs for no particular reason other than that
my account was being "investigated" (my guess is for the abnormally
large profits I made using manual trade execution with MT4). About 3
weeks later after originally trying get my withdraw processed (via the
non-working paypal option that wasted days of my time), the money
finally hits my bank account. The Finance dept was helpful in that
they tried to speed up my withdraw but their efforts were in vain
considering it did not really go much faster for me in the end.
So I opened an account with profiforex based on a recommendation from a friend. All is going well I deposit $50 and make some profit. I try to withdraw $1000 via paypal and for days nothing happens. I email their finance dept (because their inept customer service could not help) and after waiting another day for a reply they say "paypal withdraw is not available please use another method" OH COOL, SO I JUST WASTED 4 DAYS TRYING TO WITHDRAW WITH PAYPAL BECAUSE YOU COULDN'T DISABLE THE OPTION OR INDICATE THAT IT DOES NOT WORK ON YOUR WEBSITE. Ok, fine i'll withdraw with my credit card, it should only take less than 24 hours right? WRONG. 5 days later I am still waiting for my credit card withdraw and I am STILL waiting for a reply from their finance department about this issue. This is absolutely unacceptable.
BUT WAIT THERE'S MORE!!!
Now whenever I try to enter into a trade on MT4 I get the error "off quotes." So now not only can I NOT withdraw the money I have trapped on the exchange - I can't trade with it either! What is the reason for this? I have absolutely no idea. Maybe I am just too profitable? I literally entered in every trade manually and did not use any bots of any kind. I also did not try to do any spread scalping whatsoever. There is literally no reason for me to have to wait this long to get my money right before the holidays. This is ridiculous because I did NOT break their TOS at all and I even verified my account when I didn't have too. I am absolutely being persecuted for doing nothing wrong. Even if I still get my withdraw this is completely unacceptable and I will avoid using this broker like the plague.
Been using ProfiForex since they started a few years ago. Never ran into problems. Spreads are tight, even just before, during, & after major news. Finance department is very helpful. Stay away from US based brokers!
I am currently trading via Profiforex web platform, using Price action as my simple trading method for now. Meanwhile, I am quit comfortable with this broker. I thought I was going to have problems when it is time to withdraw my profits. I am happy there are very good offshore brokers likt profiforex.
The spreads are low here, especially the EURUSD, which is my favorite spread. Also, they have a nice customer service that is always ready to help. Withdrawal system is good as well. I have withdrawn my profit 5 times now without delays. Overall, this broker is very efficient.
This broker is good. I got the recommendation from a friend and I registered an account few weeks ago. I am surprised that they offer a very good spread and mt4 platform. I am a new trader, but I can tell when a platform is good for trade. I have made few profits and withdrew half of it recently. I just wanted to say how happy I am with this broker and want them to continue with the good work.
From my own experience, profiforex has a nice trading platform and offers very good trading condition. I started with a moderate deposit of $1000 and I am beginning to make daily profits. There are no issues when it comes to withdrawing the profits. My orders are executed very fast and there are no requotes. This is my Fifth Month now; I hope they continue with their quality services.
I want to make everyone aware that ProfiForex are a thieves and a big scam. Whenever you are profitable and ask for a withdrawal they will go through all your trades and adjust the entry and exit prices. Turn winners into losers and you will end up with a negative balance.
They will use excuses about that there was a bug in the execution and update your entries to prices to their advantage. This happened the first time to me in January 2013 and again in July 2013.
The first time they agreed to give me my initial deposit ($100) back, my account size was over $100k.
I was not using any “cheating” system, I was using a scalper called XMT that only enters/exits with pending orders.
The second time I was also using a scalping system. There is nothing in their terms and conditions about scalping. ONLY on their 4 digit quotes are you not allowed to scalp. I was always using 5 digit.
The second time they are just ignoring any communication. My account was $17k in profit and they adjusted all the trades leaving my account in a negative 11 000 balance after I requested withdrawal.
Here is myfxbook for everyone to see:
This broker is a scam, after one month trading and winning with them, when I tried to withdraw the gains they changed all my trades, they've steal all the gains and all the money I put in there.
This is the bullshit they have sent to me:
You have received this message because our software while analyzing your 158105 account has detected the deals executed on non-market quotations. Your trading system is based on the imperfection of Instant Execution mechanism. Let us remind that on real forex there is “Market Execution” and according to our Client Agreement we reserve the right to rewrite your deals in accordance with the quotations that actually existed in the market at that time. According to our Client Agreement the deals are rewritten according to the tick quotations of Dukascopy (Swiss Forex Bank). You can find the charts to each deal below. Please note that you can download the tick quotations of Dukascopy from their website www.dukascopy.com and check everything by yourself.
Profiforex is surprisingly cool. I never expected their services to be this great. Every thing is quit simple and no too much complication. They always honor SL and TP options with very fast execution. I hope they continue such amazing services.
To submit your own Forex Broker review for Profiforex fill the form below. Your review will be checked by a moderator and published on this page.
By submitting a Forex Broker review to EarnForex.com you confirm that you grant us rights to publish and change this review at no cost and without any warranties.Make sure that you are entering a valid email address. A confirmation link will be sent to this email. Reviews posted from a disposable e-mail address (e.g. email@example.com) will not be published. Please submit your normal e-mail address that can be used to contact you.
Please, try to avoid profanity and foul language in the text of your review, or it will be declined from publishing.