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: https://www.myfxbook.com/members/sonnyjim/mt4-157852/614394
This broker is a scam, after one month trading and winning with them, when I tried to withdraw the gains they changed all my trades, I've lost all the gains and all the money I put there.
This is the bullshit they have sent to me:
You have received this message because our software while analyzing your 158105 account has detected the deals executed on non-market quotations. Your trading system is based on the imperfection of Instant Execution mechanism. Let us remind that on real forex there is “Market Execution” and according to our Client Agreement we reserve the right to rewrite your deals in accordance with the quotations that actually existed in the market at that time. According to our Client Agreement the deals are rewritten according to the tick quotations of Dukascopy (Swiss Forex Bank). You can find the charts to each deal below. Please note that you can download the tick quotations of Dukascopy from their website www.dukascopy.com and check everything by yourself.
I have been trading with this broker for 4 months, I am very satisfied trading with them. When I ever had any problem regarding my deposit and withdrawal, or money transfer from one account to another, etc, all I used to do was click on the live chat link and would have my problem solved mostly before the chat ended with the technical operators. Their technical operators provide high-level service. I like this broker.
Several months before, I participated in the demo account contest in Profiforex: King of the Hill. After this contest, I deposited 50 dollars and got 15 dollars deposit bonus. Using these funds, I started trading forex in Profiforex. Till now, I am satisfied trading in this company. Good customer service, reliable forex broker.
Simply, the best! Helpful 24/5, professionals, honest, no requotes, never freeze trading, excellent feedback, low fixed spreads and all deposits/withdrawals on time and quick! Recommend it to every trader.
I started with the cent account in Profiforex, then switched to the dollar account. The execution speed and their service can meet my requirement. The key point I like Profiforex is there is no any slippage while trading.
I am dealing in large lots and am a professional trader for 5 years. I have no problem with Profiforex as no any requote, execution is fast and they still offer me 500:1 leverage when I am trading with 10k or more. You can try them yourself and see they are fine.
I have been trading in this company several months. In my opinion they offer one of the best conditions and I’ve never seen requotes. Technical support is very effective. When I need help they always find a solution for me. The speed of execution is very fast. Deposit and withdraw funds are also very convenient and fast.
They have a normal spread like other brokers (2 pips maybe a little higher than minority), really fast technical support. When I started trading with them 2 months ago, registration is very easy and fast, and their platform is good too, orders executed very fast.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
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Past performance is not indicative of future results.