Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
Profiforex Pros & Cons
- Negative balance protection for retail traders.
- ECN/STP order execution.
- Dynamic leverage up to 1:500.
- More than 40 currency pairs and 120 stock CFDs.
- Micro accounts with deposits from $0.01.
- Demo account and mobile trading are available.
- Multiple deposit and withdrawal methods.
- No license from major financial regulators.
- Minimum trade duration of 60 seconds.
TU Expert Verdict
Profiforex is rated as very high risk. Testing and client reviews highlight serious concerns regarding service quality, stability, and overall reliability. I recommend approaching this broker with extreme caution, as it may not be suitable for most traders.
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Profiforex User Reviews
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5-star
0%
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4-star
0%
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3-star
0%
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2-star
29%
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1-star
71%
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria7 /10The trading and non-trading commissions of Profiforex have been analyzed and rated as having Medium fees, with a fees score of 7/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- Withdrawal fee applies
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Is Profiforex Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria4.7 /10Profiforex has a safety score of 4.7/10, which corresponds to a Low security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Is regulated
- Negative balance protection
- Track record over 16 years
- Not tier-1 regulated
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Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.0 /10Profiforex offers the following account options: Demo, Standard, ECN/Raw spread, Micro, Managed.
However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.
- Forex account with Micro lots
- Standard account with balanced trading conditions
- Demo account
- No VIP account option
- No Swap Free account
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Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology3.8 /10Profiforex received a Low score for the efficiency and convenience of its deposit and withdrawal processes.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria4.8 /10Profiforex offers a limited selection of trading assets compared to the market average. The platform supports 155 assets in total, including 49 Forex pairs.
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Trading Account Opening
We successfully registered an account with Profiforex in 10 minutes. The KYC verification was completed within 1 business day. The minimum deposit amount at Profiforex is $0.01.Score:We evaluated Trading Account Opening at Profiforex by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.10 /10This is one of the most accessible and hassle-free onboarding procedures on the market.
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Trading platforms & tools
Score:This section evaluates the quality and variety of trading platforms offered by the broker. It considers supported platforms, core features, device compatibility, and the availability of tools for automation, analysis, and different trading styles. Learn the assessment criteria5.8 /10Profiforex received a score of 5.8/10, reflecting an average offering in terms of trading platforms and tools. The broker covers essential functionality but may fall short in some advanced features or platform diversity compared to leading competitors.
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Mobile Apps
Score:This section assesses the quality and functionality of the broker’s mobile trading apps. It takes into account app ratings, number of downloads, platform features such as two-factor authentication (2FA), mobile alerts, and technical indicators, ensuring traders can manage positions and monitor markets effectively from their smartphones. Learn the assessment criteria7 /10 -
Customer Support
Score:We evaluated Customer Support at Profiforex by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria1.6 /10
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FAQs
Is Profiforex a safe and regulated forex broker?
Profiforex has a safety score of 4.7/10, which corresponds to a low security level in this review. It is regulated by the Global Unite Responsibility System (GURS) in the United Kingdom, offers negative balance protection and KYC verification, and has an investor protection fund in the range of $50,000–$1,000,000, but it is classified as a Tier-3 regulator rather than Tier-1. The review notes that this lower regulation tier may indicate higher risk compared with brokers that have Tier-1 licenses and long operating histories.
How high are the trading commissions and fees at Profiforex?
Profiforex’s overall fees are rated as medium, with a commissions and fees score of 7/10 in this review. The broker offers low forex trading fees, tight EUR/USD spreads on Standard accounts (typically 0.2–0.5 pips) and ECN accounts (around 0.1 pips with a $3 per lot commission), and charges no deposit or inactivity fees, although a withdrawal fee applies.
What types of trading accounts does Profiforex offer?
Profiforex provides several account types, including Demo, Real Standard, Real Micro, ECN/Raw spread, and Managed accounts, as well as individual, joint, and corporate profiles. The review notes that the Real Standard account is intended for larger trade volumes, the Real Micro account uses micro lots and is oriented toward smaller amounts and lower risk, and the Demo account mirrors live conditions with virtual funds; however, there is no Cent or VIP account option.
What markets and instruments can traders access with Profiforex?
According to the review, Profiforex offers 155 total tradable assets, including 49 currency pairs, along with commodity futures, stock indices, and cryptocurrencies, but does not provide stocks, options, bonds, or ETFs. For more passive approaches, the broker supports copy trading and managed accounts, while PAMM investing is not available.
What do reviews and feedback say about Profiforex customer support?
The customer support at Profiforex is rated with a low safety score of 1.6/10, and the review describes support reliability as weak. It notes that while support is available 24/7 via website chat, email, X profile, and a contact form, responses can be slow, phone contact is not available, and assistance quality was often insufficient during testing.
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