30 reviews of Profiforex are presented here. All reviews represent only their author's opinion, which is not necessarily based on the real facts.
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.
I have only a few words to describe this broker. I am currently enjoying my trades here because of their execution speed. I only pay 0.3pips as trade commission. Also, I never had any problems withdrawing my money. So, I would recommend this broker to anyone.
I just want to show my appreciation. Profiforex is currently my best broker because of the good trading condition here. Aside from the spreads, which are favorable, their execution and withdrawal speed are praise worthy. When I wanted to withdraw my money for the first time, I was told to submit some document. I did so and my money was sent to me within 24 hours. This is great and I want to say thank you to profiforex.
I tested many MT4 platforms; the trading platform in Profiforex is very nice. Good execution, No requotes. I have a micro account in Profiforex, I think it is very suitable for forex beginner. No need big amount deposit and the loss won’t be so big too. Good broker.
This is good forex broker. From I opened account with them till now; I’ve been trading almost 5 months in Profiforex. I admit it is a new forex broker, but their service proves they are professional and have many experience in forex sphere. I like their MT4 trading platform, it is very easy to learn how to trade and very easily to set SL, TP. I never met any problem with them. It is deserved to be recommended.
Never had any problems with Profiforex in almost 1 years of trading. Nice trading platform, and fast withdrawal of my profits into my account. Live chat is awesome. Keep it up!
Just opened new account today. Easy and fast. Deposit and withdraw by MoneyBookers, Paypal, WebMoney. I deposited by Paypal then trading right away on MT4, and got $5 bonus. Cool... So far so good but don't know withdraw issue yet.
It is quite easy and really fast to deposit and withdraw and deposits are without any commission, but there are not many payment options available
On my opinion they are good guys! Though I didn’t find that they accept credit cards, but I can say about online payment systems that deposits (as well as their promised bonus) appear immediately after I send money. Also, I found out that their online chat is off when the market is closed. On the website there is also stated that if the withdrawal is made on weekend one can receive it only on Monday. At first I didn’t notice that but still received money on Saturday 4 hours after I submitted the request. Notable fact was that they didn’t ask me to provide documents inasmuch as I was withdrawing to the same account from where deposited.
I want to share my experience in deposit and withdrawal with this broker. Usually, i deposit money via Moneybookers. The speed of deposit is very fast, in several seconds the money will be added in my trading account. And when i withdrawed money from your account, Profiforex asked me to send them required documents, like scan of your passport or other documents which can prove my indentity. But i think it is ok, for safety considerations. After i provided those documents, the money was transfered to your bank account almost after 7 working hours. They promised the money could be transfered in 24hours. And for withdrawal, you just need to provide required documents ONE TIME.
I trade with this broker not very long time(about 2 months).The execution very fast, and the MT trading platform is very good, i am used to it. Just this broker doesnt provide Mobile platform, i have a little inconvenient. Hope they will do better service.
I highly recommend this broker.
I've started with micro forex and not long ago (about 4-5 months) opened a standard account. I was surprised with their execution. It is amazingly fast, without requotes.
Withdrawals of course are the key issue. Usually, I withdraw profit once a week and I always receive money on time without any problems.
Though I am not practicing scalping I've noticed in their client agreement that deals less than 1 minute are not welcome.
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