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ProfiForex Broker Experience

  • #21
  • Sep 20, 2016 3:14am Sep 20, 2016 3:14am
The name looks like an honest offshore broker been around for about 5 years (according to the company). Trading conditions are okay and they don't look like a hit and run kind of broker in my opinion. There is only one reason why we are all skeptical. Forex is a Risky venture, so what da heck...
  • #22
  • Sep 29, 2016 3:29am Sep 29, 2016 3:29am
Good reasoning @Brill. Some traders are probably too skeptical and judge blindly many times. If you are not brave enough to take a risk, then forex is not for you. There is nothing wrong with this broker aside from the fact that it is an offshore.
  • #23
  • Oct 26, 2016 4:16am Oct 26, 2016 4:16am
I would like to know the commission structure of this broker. Is it a fixed commission or a spread type commission?
Aside from the fact that it is based offshore, is there anything I should be worried about?
  • #24
  • Oct 31, 2016 5:14am Oct 31, 2016 5:14am
The commission is fixed. If you go to the terms or trade page, you will find the commission fee of 0.3pips there. The charge is for a whole deal (Charged once when you close the deal).
I don't have any information about regulation, but I have nothing to worry about because my withdrawals are processed and this is my second year.
  • #25
  • Nov 1, 2016 10:33am Nov 1, 2016 10:33am
dont waste time with russia broker. too many hit n run.
  • #26
  • Nov 2, 2016 4:54am Nov 2, 2016 4:54am
Wow, wow, wow, guys! Hotforex, I am fed up with you, really. Any thread you read - there is a hotforex representative giving humble opinions.

I'm not gonna trade with you guys, even if you invent a better story rather than "the name of your current broker sounds like a scam, it was formed by Italian mafia, "profi" reminds me of russians, or I think the combination of "ofi" has a Philiipinian trace and they are drug dealers infact.

Guys, do you really think we all are idiots here and we'll eat any bullshit that you might promote?
  • #27
  • Nov 2, 2016 11:30am Nov 2, 2016 11:30am
Quoting RussellBrown
Wow, wow, wow, guys! Hotforex, I am fed up with you, really. Any thread you read - there is a hotforex representative giving humble opinions. I'm not gonna trade with you guys, even if you invent a better story rather than "the name of your current broker sounds like a scam, it was formed by Italian mafia, "profi" reminds me of russians, or I think the combination of "ofi" has a Philiipinian trace and they are drug dealers infact. Guys, do you really think we all are idiots here and we'll eat any bullshit that you might promote?
Hotforex? Maybe you meant profiforex
  • #28
  • Nov 2, 2016 2:32pm Nov 2, 2016 2:32pm
Quoting leebsurag
{quote} Hotforex? Maybe you meant profiforex

It is very obvious from RusselBrown’s post that he is talking about HotForex, the broker that you are advertising on a this forexfactory and calling other brokers all sort of names in other threads to promote your broker. Unethical and untrustworthy behavior.

Just want to say thanks to @Talkforez for taking the time to answer my question. I know how to do my due diligence and actually take advice from traders who have experience with the said broker. Does anyone have something positive and better to say?
  • #29
  • Nov 3, 2016 7:43am Nov 3, 2016 7:43am
Quoting Uptrend1
{quote} It is very obvious from RusselBrowns post that he is talking about HotForex, the broker that you are advertising on a this forexfactory and calling other brokers all sort of names in other threads to promote your broker. Unethical and untrustworthy behavior. Just want to say thanks to @Talkforez for taking the time to answer my question. I know how to do my due diligence and actually take advice from traders who have experience with the said broker. Does anyone have something positive and better to say?

He was talking in his post about word "profi" I think its a Russian word meaning something, that's why I asked maybe he confused something.
Also regarding your silly accusations, I don't trade with Hotforex only, I have accounts with Tickmill and FXCM. here is for example my trading account at myfxbook http://bit.ly/2ffd83O
  • #30
  • Nov 3, 2016 3:56pm Nov 3, 2016 3:56pm
Quoting RussellBrown
Wow, wow, wow, guys! Hotforex, I am fed up with you, really. Any thread you read - there is a hotforex representative giving humble opinions. I'm not gonna trade with you guys, even if you invent a better story rather than "the name of your current broker sounds like a scam, it was formed by Italian mafia, "profi" reminds me of russians, or I think the combination of "ofi" has a Philiipinian trace and they are drug dealers infact. Guys, do you really think we all are idiots here and we'll eat any bullshit that you might promote?
I am sure he mentioned Hotforex twice. Please stop making an ass of yourself on this thread. We on forexfactory can read and understand.
  • #31
  • Nov 5, 2016 9:04am Nov 5, 2016 9:04am
Talkforez and Brill - gj promoting these Russian scumbags
  • #32
  • Nov 5, 2016 9:50am Nov 5, 2016 9:50am
Quoting leebsurag
Talkforez and Brill - gj promoting these Russian scumbags
I don't trade with Profiforex, but I do use 3 offshore brokers. I only need 10% of the margin, 4% now for GBP pairs than any of the US scumbag brokers. I understand the regulations are not their fault, but the freezing platforms, random price spikes, market maker bullshit is. I receive my withdrawals within 2 business days ALWAYS.
Sounds like these folks are having the same positive experience with Profiforex as I am with my offshore brokers, but yet I see nothing but negative posts on US brokers.
Folks trading with US brokers are either brainwashed or do know the truth but are too stubborn to admit it. It reminds me of those voting for Hillary.
  • #33
  • Nov 17, 2016 5:13am Nov 17, 2016 5:13am
I don't see anything wrong in trading with a broker that suits your trading need. Regulation has lost its meaning since some brokers have used it to make trading a living hell. It is better to choose a broker with an easy platform that allows one to trade freely. I have heard positive feed backs from my friends about Profiforex, especially news trading, but I am not ready to change broker yet. Might be my next option.
  • #34
  • Nov 23, 2016 4:53pm Nov 23, 2016 4:53pm
For profiforex, what are the bid and ask rates? I would like to also know if they are competitive.
  • #35
  • Dec 6, 2016 1:32am Dec 6, 2016 1:32am
Quoting PeterFXlover
For profiforex, what are the bid and ask rates? I would like to also know if they are competitive.
The spreads can be found on the website Profiforex.com, go the trade conditions > Spreads and Swaps. The spreads are very low, one advantage of this broker.
  • #36
  • Jan 6, 2017 4:25am Jan 6, 2017 4:25am
I agree with the fact that the spreads are low and competitive. What about fund withdrawal, how long does it take? What is the advantage of the pairs that BIG written after it, like this EURGBPbig?
  • #37
  • Jan 6, 2017 5:56am Jan 6, 2017 5:56am
i have never heard of profi before but hotforex is good been with them for two years and i cant complain.
100% KENYAN.
  • #38
  • Jan 9, 2017 7:59am Jan 9, 2017 7:59am
Quoting executivefx
i have never heard of profi before but hotforex is good been with them for two years and i cant complain.
Hotforex topic is in other thread, but thanks for feedback. Two years is quite long period where solid feedback about broker can be done.
  • #39
  • Jan 14, 2017 12:50pm Jan 14, 2017 12:50pm
I don't like giving negative feedback however I would like to warn people about this broker. I have a live account and I have never in the past had any issues either depositing or withdrawing money from my account.

On 13th December I withdrew $1082 and on the 27th December I withdrew $206. Both amounts have left my account but neither and been transferred into my bank accounts.

I have sent numerous emails with only 2 being replied too and the reason given for the delay is a "mistake" from the processing company. As of 14th January, a full month since the 1st amount left my trading account, I am still waiting for the money to be transferred or even a satisfactory explanation for the delay.

If you are thinking of going live with Profiforex please be careful, this has been (and is ) a very frustrating experience.

Nick
  • #40
  • Jan 16, 2017 7:01am Jan 16, 2017 7:01am
Making withdrawal though bank posses a serious challenge, it is not fast from my experience. I have been getting my funds sent promptly on every withdraw since I started using Skrill. So, I suggest you change the payment method to Skrill, that is if you still wish to continue using the broker. I had similar challenge with bank transfers with my previous broker, the money was sent, but it took longer than expected.
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