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ProfiForex Broker Experience

  • #1
  • First Post: Feb 19, 2014 6:28am Feb 19, 2014 6:28am
Hi All,
Can you please share your experiences with the above broker. I am planning to open up an account with them.
As many scams are running around would like to get experts advice on the platforms.


http://www.profiforex.com/

Regards
Velli
  • #2
  • Feb 19, 2014 7:18am Feb 19, 2014 7:18am
Yeah go for it

They are based in the Seycelles and not regulated but that shouldn't matter. On there website they say they are reliable, professional and have the fastest execution, what more would you need to know.

Once again congrats on finding a good broker, as it is hard when there are so many regulated brokers to choose from that have a reputable history and are based in well developed countries.

Good luck.
  • #3
  • Feb 20, 2014 4:21pm Feb 20, 2014 4:21pm
Quoting mitch77
Yeah go for it They are based in the Seycelles and not regulated but that shouldn't matter. On there website they say they are reliable, professional and have the fastest execution, what more would you need to know. Once again congrats on finding a good broker, as it is hard when there are so many regulated brokers to choose from that have a reputable history and are based in well developed countries. Good luck....
You know, I was just checking a review on them as I was going through some review sites, and I found some really good reviews about them. An example is at http://fxbrokersearch.com/forex-brokers/profiforex/ amongst many others.
  • #4
  • May 30, 2016 8:58am May 30, 2016 8:58am
There is nothing to be scared of. This is my 3rd year with Profiforex. Though, I have experienced some platform server down twice in 3 years, I have enjoyed their services till now. Due to the long time trading with this broker, I don’t have anything to fear. I was trading with Alpari back then before they went AWOL, who could have thought it would happen.
  • #5
  • May 30, 2016 1:15pm May 30, 2016 1:15pm
Quiz:
Spot the difference and you may win a chance to save your money

Attached Image (click to enlarge)
Click to Enlarge Name: 05.30.2016-21.13.png Size: 651 KB
  • #6
  • May 30, 2016 2:32pm May 30, 2016 2:32pm
@Timos, I am wondering what would make you feel that way. It is a nice illustration by the way. I guess we should visit every broker that offers trading bonuses, get a picture of their banner and put a Casino below it. You must be an addicted gambler to have that all in your head. Well, you are there and I am here. People wants to know what the real deal is, and you my friend have no clue.
  • #7
  • May 30, 2016 4:12pm May 30, 2016 4:12pm
Quoting talkforez
@Timos, I am wondering what would make you feel that way. It is a nice illustration by the way. I guess we should visit every broker that offers trading bonuses, get a picture of their banner and put a Casino below it. You must be an addicted gambler to have that all in your head. Well, you are there and I am here. People wants to know what the real deal is, and you my friend have no clue.
I agree 100%. I have been trading with unregulated offshore brokers for 3 years. I actually used Profiforex for awhile until I found what better suited my needs. I can name atleast 5 of these brokers who I trust 100%, which I cannot say of any US broker. I do not experience any of the DD manipulations, I withdraw every week with no issues whatsoever. Can't speak of regulation elsewhere like the UK or Australia as my fantastic government will not allow me to use those brokers. They prefer I stay with the lying, cheating, thieves we call US brokers. No thanks.
  • #8
  • May 30, 2016 4:39pm May 30, 2016 4:39pm
Quoting mitch77
Yeah go for it They are based in the Seycelles and not regulated but that shouldn't matter. On there website they say they are reliable, professional and have the fastest execution, what more would you need to know. Once again congrats on finding a good broker, as it is hard when there are so many regulated brokers to choose from that have a reputable history and are based in well developed countries. Good luck.
thehehe
  • #9
  • May 30, 2016 4:47pm May 30, 2016 4:47pm
Quoting shrike
{quote} thehehe
If you are a US resident or citizen, you have two choices:

1. Enjoy the trading freedom as the rest of the world by trading with an offshore, unregulated broker. This is due to the US government not allowing us to trade with any other regulated broker in the world.

2. Trade with the thieving, cheating, stealing brokers whom they regulate. Deposit 10 times more capital with the broker for margin, which is not protected as regulations do not allow any protection of forex accounts.

Hmmmm....such a tough choice for a US resident.
  • #10
  • May 30, 2016 4:57pm May 30, 2016 4:57pm
Quoting pipmaster77
{quote} I agree 100%. I have been trading with unregulated offshore brokers for 3 years. I actually used Profiforex for awhile until I found what better suited my needs. I can name atleast 5 of these brokers who I trust 100%, which I cannot say of any US broker. I do not experience any of the DD manipulations, I withdraw every week with no issues whatsoever. Can't speak of regulation elsewhere like the UK or Australia as my fantastic government will not allow me to use those brokers. They prefer I stay with the lying, cheating, thieves we call US...
Simple logic.

Imagine if you deposit 10k,they give you 50k,you end up with a 60k account.Now try to withdraw that amount and come back to talk

Notice how they say "Withdrawable at any time"
  • #11
  • May 30, 2016 6:27pm May 30, 2016 6:27pm
I don't use or need any bonuses. Yes, the bonus is a trick, it is simply tradeable as extra leverage. It will blow your account much quicker as well.
  • #12
  • Jun 29, 2016 1:24am Jun 29, 2016 1:24am
Quoting pipmaster77
{quote} If you are a US resident or citizen, you have two choices: 1. Enjoy the trading freedom as the rest of the world by trading with an offshore, unregulated broker. This is due to the US government not allowing us to trade with any other regulated broker in the world. 2. Trade with the thieving, cheating, stealing brokers whom they regulate. Deposit 10 times more capital with the broker for margin, which is not protected as regulations do not allow any protection of forex accounts. Hmmmm....such a tough choice for a US resident.
It seems to being paying off for now. Over the past 7years, few offshore brokers have been very good at Redering forex services. I think they are here for business just like the so-called regulated brokers that wants us to believe they are better. Forex itself is is very risk, you could lose everything in a heart beat, so what is the need to be a regulation fanatic
  • #13
  • Jul 22, 2016 2:46am Jul 22, 2016 2:46am
I can say their platform is better than my previous broker. Deposit and withdrawal are also OK. This broker has been consistent in rendering quality services.
  • #14
  • Jul 22, 2016 8:48am Jul 22, 2016 8:48am
Quoting mitch77
Yeah go for it They are based in the Seycelles and not regulated but that shouldn't matter. On there website they say they are reliable, professional and have the fastest execution, what more would you need to know. Once again congrats on finding a good broker, as it is hard when there are so many regulated brokers to choose from that have a reputable history and are based in well developed countries. Good luck.
Lol looks like another outfit trying to rook newbies with 1:2000 leverage, I'd advice to stay away or at least don't deposit serious money.
  • #15
  • Jul 24, 2016 11:30am Jul 24, 2016 11:30am
Quoting Butterscotch
I can say their platform is better than my previous broker. Deposit and withdrawal are also OK. This broker has been consistent in rendering quality services.
Which previous broker were you trading with and how long are you trading with this broker... .?
  • #16
  • Sep 6, 2016 5:51am Sep 6, 2016 5:51am
Quoting leebsurag
{quote} Lol looks like another outfit trying to rook newbies with 1:2000 leverage, I'd advice to stay away or at least don't deposit serious money.
This broker does not give 1:2000 leverage. I only see 1:500 leverage as maximum. Where did you get your information. The bonus is useful since I have been able to withdraw it. Looks like you can't judge a book by its cover.
  • #17
  • Sep 6, 2016 10:13am Sep 6, 2016 10:13am
Quoting Brill
{quote} This broker does not give 1:2000 leverage. I only see 1:500 leverage as maximum. Where did you get your information. The bonus is useful since I have been able to withdraw it. Looks like you can't judge a book by its cover.

Well its just my own humble opinion. I tried many brokers and its hard to find something trustworthy from offshore that offers fair trading conditions. I would advice you to try CySec regulated Hotforex or ASIC regulated global prime, but you are doing good with their "bonus" so keep going
  • #18
  • Sep 8, 2016 3:30am Sep 8, 2016 3:30am
Thank you @Lee. CySec regulated brokers are still offshore, so they are all the same to me. Besides, I don't leave much money on my account anyway. I withdraw my profits regularly. Still, I stick to where good trading condition is offered. I am impatient, so I hate a slow trading platform.
  • #19
  • Sep 12, 2016 6:55am Sep 12, 2016 6:55am
Quoting leebsurag
{quote} Well its just my own humble opinion. I tried many brokers and its hard to find something trustworthy from offshore that offers fair trading conditions. I would advice you to try CySec regulated Hotforex or ASIC regulated global prime, but you are doing good with their "bonus" so keep going
It would be better if you share your experience and not your opinion. If you have not traded with a broker, it is not appropriate to give others an opinion about the broker.
  • #20
  • Sep 12, 2016 2:47pm Sep 12, 2016 2:47pm
Quoting talkforez
{quote} It would be better if you share your experience and not your opinion. If you have not traded with a broker, it is not appropriate to give others an opinion about the broker.
honestly, the brokers' name profiforex sounds a kind of "scam-and-run" business. Profi in Russian is reduced form "professional", so be careful dealing with russian "brokers"
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