Profi Forex
About Profi Forex
Profi Forex is a part of TIM GROUP INC and is registered in Belize. However, despite positioning itself as a reputable broker, the company does not disclose any licensing information.
The company’s registered address in Belize is provided, but it is clarified that this is solely a legal address and not an office location where clients can visit. Phone support is not available, a rarity even among lesser-known brokers. Clients are encouraged to contact the company via email, with responses expected in a reasonable timeframe rather than instantly.
Available Platforms
Profi Forex offers the popular MT4 platform, including mobile versions and a Web Terminal for convenience.
The company does not develop its own platform, which can be seen as a positive feature to avoid installing software from untrustworthy sources, a tactic sometimes used by unregulated brokers.
Available Instruments
- Profi Forex provides access to over 40 currency pairs.
- Traders can also engage in trading with more than 10 types of indices and metals.
Account Types
Profi Forex offers a training micro account in cents alongside a standard account. A minimum deposit of $5 is required to open a standard account. Trading is allowed from 0.01 to 1000 lots with a maximum leverage of 1:500. Clients have the option to select a swap-free account based on their religious beliefs.
The company actively promotes its money management services, but there have been reports of clients facing issues such as unauthorized withdrawals and difficulties in withdrawing their funds.
Deposits and Withdrawals
Clients can deposit funds using various methods, including small local e-wallets. Withdrawals are processed using the same method that was used for deposits.
Profi Forex claims to provide instant profit withdrawals, although the actual withdrawal times may vary. The company’s money refund policy reserves the right to block access to a client’s account, freeze their funds, or cancel a withdrawal request if it is deemed to violate their anti-money laundering guidelines.
Conclusions
Profi Forex presents itself as a standard broker with certain limitations, such as a lack of phone support and potential ambiguities regarding fund withdrawals. It is advisable for traders to exercise caution when selecting a broker and thoroughly review the terms and conditions.
This review has been prepared by the specialists at ExpertsReview.