Profiforex Journal

Journal status: live
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Profiforex Profile
Year
2010
Country
Belize
Branches
1
Regulation
not regulated
Investor protection
Fund protection
no
Publicly traded
no
Restricted countries
Not serving
...
Broker type
STP, ECN pricing
Dealing book
A-book
Tier
3
Execution speed
200 ms
LPs total
6
LPs quality
Tier-1 Banks
LPs names
Bank of America, Citibank, Goldman Sachs, HSBC, JPMorgan, UBS

Profiforex Accounts
STP
Minimum Deposit
5 $
Leverage
500 : 1
Minimum Lot
0.01 lots
EURUSD spread
0 pips
Commission
6 $/lotRT
Volume
1000 lots
Margin Call
80 %
Stop Out
60 %
Execution
Market
Spread
floating
Scalping
yes
Update broker

Is Profiforex safe?

  • Investor protection: no
  • Regulation: not regulated
  • Registration: ...
  • Publicly traded: no
  • Segregated account: yes
  • Guaranteed Stop Loss: no
  • Negative Balance Protection: yes

Is Profiforex trusted?

  • Information transparency: sufficient ★★★
  • Customer service: prompt, helpful ★★★★★
  • Profiforex website: semi-detailed, updated ★★★
  • Profiforex popularity (by visitor count): low visits ★★

How Profiforex works

We use STP technology for executing your orders It means that we provide access to the interbank market without passing orders through dealing desk.

https://www.profiforex.com/funds-security

3.7 When fulfilling trading transactions, the mechanism of “instant execution” or “market execution” is used.

3.18 Orders execution at interbank quotations The Client acknowledges that his/her orders made on interbank quotations must be executed at the prices of the real market. Along with that the orders bigger than 0.1 standard lot are forwarded through STP directly while orders of less than 0.1 standard lot are forwarded to the interbank market in the aggregated position every few minutes.

7.3 The Client who trades using expert advisors that try to trade on distant quotes and overload the server hereby accepts the following statements: - The basis for the entire system of receiving inquiries is to receive and process traders’ inquiries as quickly as possible; - If the advisor opens positions outside the current quotations and/or trades on distant quotes using specific characters of the server settings or errors in MetaTrader 4 security (that should be written in server logs), then server will automatically correct such inquiries (after a while); - Anyone who uses pipsing expert advisors (opening/closing within a few minutes and making large numbers of inquiries) accepts the above statements at his/her own risk;

3.13 The Company, as well as the Client can change opening/closing prices of the deals at any time according to the tick quotations of Dukascopy (Swiss Forex Bank).

https://www.profiforex.com/site/v1554912301/files/en/customer_agreement.pdf

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