Profiforex discussion

I am signing up to try Profiforex in the Seychelles.

They seem very transparent, professional, have thought things through well, and flexible on trading parameters based on the trader's needs.

Does anyone have any feedback using them?

General impressions about brokers in the Seychelles?

You can start an account with a $1, put $25 in and see what happen, keep the account low and try a withdrawl.

I am trading with Profiforex. Started with demo, then switched to real account. Deposits/withdrawals are ok, fast, no problems I should say, except that they have not a big choice of payment methods.

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:




http://www.myfxbook.com/members/sonnyjim/mt4-157852/614394

You grew $100 to $100,000...amazing! I would love to learn a thing or two from you. I saw your post on Value vs Price. Where do banks/dealers offset counterparty risk?
Can I use 10 & 2 yr Tnotes and US Bonds and German 2yr bonds to offset EUR risk?
What instruments do you trade the most and why?
Sorry for my questions, but you are obviously a professional.

@FXTriumph, he is obvsiously not going to reply you since his soul mission here was to discredit a broker. I mean what kind of scalping system would turn 100usd to 100,000usd in a matter of days. No forex broker would allow such robot in to their system. Broker are not friendly to scalping machine these days since most of the parameters are set to take advantage of platform imperfections, just like an arbitrage system.

I have been with profiforex for about 3 years now and I have withdrawn my profit countless of time and I am making profit big time. So, @ibotman, I would recommend this broker to you anytime. Don't listen to those who have never traded on this platform.

I too use Profiforex, have withdrawn more than deposit and no dramas yet.