Profi Forex
About Profi Forex
Brief information about Profi Forex: belongs to TIM GROUP INC, registered in Belize. However, despite calling itself a reputable broker, the company does not provide even the number of the most obscure license.
The company’s address in Belize is disclosed, but with a warning that this is solely a legal address, and the broker does not invite clients to its office. It is also noted that phone support is not provided, which is a rare case even among basement brokers. Clients are advised to contact via email and expect a response, not counting on real-time resolution.
Available Platforms
Profi Forex offers the use of the MT4 platform with mobile versions and Web Terminal.
The company does not offer its own developments, which may be the best option as it avoids installing software from questionable sources, as illegal brokers may suggest.
Available Instruments
- Over 40 currency pairs
- More than 10 types of indices and metals
Account Types
The company offers a training micro account in cents and a standard account. To open an “adult” account, a deposit of $5 is required. Trading from 0.01 to 1000 lots is possible, with a maximum leverage of 1:500. Clients can choose an option without swaps according to their religious beliefs.
Profi Forex actively promotes handing over money management to the company’s specialists. However, a common complaint about the broker is the client’s account being drained by experts, as well as problems with withdrawing money.
Deposits and Withdrawals
Clients can deposit money in various ways, including small local e-wallets. Withdrawals are made using the same method that was used for deposits.
The company claims instant profit withdrawal, but the withdrawal times raise doubts. In the money refund policy, Profi Forex reserves the right to block access to the client’s personal account, freeze their funds, or cancel a withdrawal request if it contradicts their money laundering policy.
Conclusions
Profi Forex appears to be a typical broker that leaves loopholes for misappropriating traders’ money and refuses phone support. Be careful when choosing a broker and read the terms carefully.