Profiforex Review: Reliable Broker or Scam?

You cannot buy or trade shares on the stock market without going through a broker. So you need a quality broker that is both legal and flexible on costs. Profiforex may be what you are looking for. It is a brokerage firm that has become very well known in recent years. Despite its popularity, opinion on it is still divided. So before you get started, do your homework. Here is our full Profiforex review to find out whether this broker is reliable or a scam.

Client Reviews of Profiforex

First, let’s look at what clients think of this brokerage firm. Here are some traders’ reviews of the broker Profiforex.

As you can see, opinions on this broker are mixed. So we need to dig deeper to see whether it is worth your money in 2025.

On related topics, our articles “CapTrader Review” and “MTrading Client Reviews” complement this guide well.

Who Is Profiforex?

Profiforex is an online broker: an intermediary through which you can access market assets. The company was founded in Belize in 2008 by a team of experienced traders, who say they want to bring the best trading conditions to investors around the world.

Profiforex’s founders promise clients low commissions, decent spreads and easier withdrawals of their gains. They want every trader, whatever their level, to enjoy a quality experience. The question is whether the broker really delivers on these promises. This Profiforex review will tell us more.

Profiforex has its head office in its home country, at Corner Hutson & Eyre Street, Suite 302, Blake Building, Belize City, Belize.

What You Get When Trading With Profiforex

• A limited range of instruments
• Transparent order execution
• Access to one of the most popular trading platforms
• Multiple payment methods

Is Profiforex an ECN Broker or a Market Maker?

Unlike a market maker, Profiforex is an ECN/STP broker. What is the difference between these two types of brokers? Market makers act as their clients’ counterparty. They create their own markets, which maximises order execution speed. However, lack of transparency is a well-known weakness of market makers.

ECN brokers such as Profiforex, on the other hand, are not their clients’ counterparty. They route investors’ orders to the real market with no intermediary, so traders get the best prices and more transparency in how their trades are executed. However, ECN brokers such as Profiforex are very vulnerable to slippage, meaning execution speed is not necessarily optimal.

Key Information About Profiforex

To give you an overall view of Profiforex’s features, here is the essential information about this broker.

What Leverage Is Available at Profiforex?

In terms of leverage, Profiforex is as impressive as Vantage: it lets you trade with leverage of 1:500. That gives you plenty of room to amplify your positions. Even so, be careful when using such leverage, as it can also multiply your losses.

Overall, our Profiforex review on leverage is positive. The broker offers enough margin to meet the needs of clients who want to use it.

Which Instruments Are Available at Profiforex?

This broker gives you access to 192 assets in total. Profiforex clearly cannot compete with a broker like eToro, which offers more than 2,000. On Profiforex, you only get access to the essential instruments.

• First, there is forex, covering all the currency pairs on the market.
• Next, there are precious metals such as gold, silver and more.
• In addition, there are commodities (cocoa, coffee, etc.).
• Finally, Profiforex offers a few indices you can trade as CFDs.

Even so, the offering remains insufficient, since the broker does not even offer share trading. Our Profiforex review on available instruments is therefore negative.

Deposits and Withdrawals at Profiforex

Like every broker in the world, Profiforex requires a real-money deposit to trade. The broker lets you use three types of payment methods:

• Bank transfers
• Credit cards (VISA and Mastercard)
• And e-wallets (PayPal, Skrill, Payoneer)

These methods can be used both to deposit money and to withdraw your gains, which makes withdrawals easier.

The broker charges no deposit fees. However, it does take a small commission on each withdrawal. The available payment methods also process transactions quickly.

So our Profiforex review on deposits and withdrawals is positive.
Note: Profiforex requires a minimum deposit of just $1, which means the broker is accessible to everyone. Of course, with the bare minimum you will not be able to trade much. It is therefore advisable to invest at least $10,000 via the payment methods mentioned above.

How to Contact Profiforex

Having problems during a trading session? Profiforex provides a way to get help. Here are the useful contact details:

• Live chat on the official website

Apparently, Profiforex does not offer phone support. Yet in an emergency, the best solution is to call customer service directly. Moreover, customer service is not very responsive, which is not very reassuring for investors.

Given all this, our Profiforex review on customer service can only be negative.

Is Profiforex Legit? Our 2025 Trust Check

Before trusting Profiforex, you need to make sure it deserves it. How? By analysing two main criteria:

• First, the platform’s past. Make sure the broker has never been involved, directly or indirectly, in any shady dealings.
• Next, the site’s regulation. Look closely at the licences the broker holds to see whether it is trustworthy.

In this part of the Profiforex review, we look at these points.

Any History of Scams at Profiforex?

Profiforex has never been shown to have scammed anyone: no concrete evidence of its involvement in a scam has yet come to light. Only a few negative reviews make accusations against it.

Likewise, Profiforex has never appeared in court over a fraud case. So, until proven otherwise, its record can be considered clean.

Profiforex Regulation

From a legal point of view, Profiforex is a decent broker. It holds a licence issued by the Seychelles International Business Authority (SIBA), so you can be sure it complies with trading law. Our Profiforex review is positive on this point, so you can trust this brokerage firm.

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Does Profiforex Exist in France?

This brokerage firm has no French subsidiary, so no, Profiforex France does not exist. You will also notice there is no French version of its official website: the broker only offers three languages, Russian, Mandarin and English. French is not among them, so this broker is clearly not aimed at French-speaking traders, which counts against it in our Profiforex review.

Is Profiforex an AMF Broker?

AMF stands for Autorité des Marchés Financiers, the body that oversees all trading-related activities in France. For a broker to be authorised in France, it must have AMF authorisation. However, if the broker is authorised by another international authority, it can operate legally in France.

This is the case with Profiforex. It is not an AMF broker, but it is authorised by SIBA, which is why the AMF has no objection to its services being available from France. If you still have doubts, you can check the AMF blacklist and see that Profiforex is not on it.

What Measures Does Profiforex Take to Secure Client Funds?

Fund security at Profiforex is relatively good. The company applies a single security measure, account segregation: when you deposit money with this broker, it entrusts it to an independent bank, so the company’s funds and your deposits cannot be mixed.

Even so, our Profiforex review remains negative on this point. The broker offers no compensation fund and makes no mention of negative balance protection.

Awards Won by Profiforex

Profiforex has already won an award, which suggests a certain level of quality. Our Profiforex review is therefore positive on this point. Here is the only award of its career.

What Account Types Does Profiforex Offer in 2025?

Profiforex offers two main account types:

• First, there is the Standard account, which requires a minimum deposit of $5, with a lot size of $100,000. With this account, you get 1:500 leverage.
• Next, there is the Micro account, available from a minimum deposit of just $1, with a lot size of only $1,000. It offers the same leverage as the previous account.

As well as these account types, Profiforex offers other options, for example:

• The individual account, for use by a single trader.
• The joint account, which can be used by two people at the same time
• Finally, Profiforex also offers a corporate account for professionals and large companies.

If you are a Muslim trader, Profiforex also lets you use its Islamic account, so you pay no swaps and trade in line with your religion.

Profiforex Fees

Like every broker in the world, Profiforex charges fees to earn money. You have to pay:

• Spreads (the difference between an asset’s bid and ask prices)
• Swaps (overnight holding fees)

In this part of the Profiforex review, you will find precise details on the fees this broker charges.

Profiforex Spreads

The table below shows some spreads on forex currency pairs.

Profiforex Swaps

The swap amount depends on the value of your position and how long you hold it: the larger these are, the higher the swap. Profiforex does not give precise details of its swap charges.
Note: commissions are not covered in this Profiforex review, as the broker only charges spreads.

Platforms Available at Profiforex

Our Profiforex review on platforms is positive, as the broker offers several trading platforms. Here are a few examples.

• First, there is the world’s most popular platform, MetaTrader 4. It offers all the essential features you need to trade.
• Next, there is MobiusTrader 7, which offers slightly more advanced functions.
• Finally, Profiforex offers its own custom WebTrader.

Training at Profiforex

If you are new to trading or want to improve, Profiforex offers a training programme. Its FXSchool section includes:

• Tutorials
• YouTube explainer videos
• Trading guide

What Tools Does Profiforex Offer?

To help you make decisions, Profiforex offers some analysis tools. Here are some you can use to analyse the market:

• Charts
• Technical indicators
• Expert Advisor trading robots
• Economic calendar
• etc.

Does Profiforex Offer Bonuses in November?

Yes, Profiforex offers a bonus of up to 500% on all your first deposits. This gives you extra funds to trade with.

How to Become a Profiforex Affiliate

Becoming a Profiforex affiliate is very simple. You need to:

• First, choose the type of partnership you want.
• Next, sign up by filling in a registration form
• Finally, submit your application to the broker.

Profiforex vs Other Brokers

To give an objective Profiforex review, we need to compare it with other brokers. Here is a comparison table pitting Profiforex against some of the best brokers available.

Broker	Strengths	Client Rating
	Well-regulated broker ESMA broker Robust, intuitive platform	★★★☆☆ 3/5	Discover
	Excellent share broker Client fund protection Complete forex training	★★★★★ 5/5	Discover
	Copy trading feature Large community Buy shares for €0	★★★★☆ 4.5/5

Pros and Cons

Here is a summary of this broker’s strengths and limitations.

Profiforex Review: Our 2025 Verdict

Given everything covered in this Profiforex review, it is clearly not the best broker of 2025. It does not provide enough security for traders, as it offers no compensation fund, and it offers very few instruments. Vantage is clearly a better option.

Have you used this broker? Share your experience with us by leaving a comment.

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