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Votes: 0

ProfiForex - STP/DMA

Page: 1
Jun 06, 2013 10:53 am
#1
EDFxCap User

Posts: 4
Member since: 20/03/2013

ProfiForex - Check It Out @ www.profiforex.com/?id=70144

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Buy Low, Sell High, & Vice Versa. www.FXJunction.com/profile/EDFxCap www.Profiforex.com/?id=70144 www.TradersWay.com/?ib=1003855 www.MyFxContest.com/u1368005903

Jun 10, 2013 02:51 pm
Champ User

Posts: 711
Member since: 17/05/2011

They have written a paragraph about regulation but no information about their regulation is given. It seems they are unregulated. In other words I took it as deceiving customers.

http://www.fxstat.com/widget/link?t=tiny&c=1&s=24959&o1=growth&o2=drawdown&o3=profitfactor

Jun 14, 2013 04:50 am
Sasha User

Posts: 836
Member since: 16/05/2011

Originally posted by Champ

They have written a paragraph about regulation but no information about their regulation is given. It seems they are unregulated. In other words I took it as deceiving customers.



That is right. I dun think they r regulated. Website looks professional but anyone can spend a few bucks to make a pro website.

Jun 17, 2013 04:41 am
Champ User

Posts: 711
Member since: 17/05/2011

Sometimes brokers do not register themselves as broker but as gambling or bank. But I dun think profitforex is either of them. I have never heard of it either. 

In short, I will never recommend this broker.

http://www.fxstat.com/widget/link?t=tiny&c=1&s=24959&o1=growth&o2=drawdown&o3=profitfactor

Sep 16, 2014 09:01 pm
isrealitz User

Posts: 2
Member since: 15/09/2014

Originally posted by Champ

Sometimes brokers do not register themselves as broker but as gambling or bank. But I dun think profitforex is either of them. I have never heard of it either. 

In short, I will never recommend this broker.

 



Lolzz, I think you are a forex newbie. Profiforex is one of those brokers that the US traders love most. I think if you visit forex forums often you will see how many traders use their platform. I had one micro account with them when I was testing out one of my EAs. It worked perfectly. I was happy with their execution speed, which was good for the parameters I set for my EA. There are many brokers out there and there are those which I have not even heard of. But If I am told about a broker, I would rather check it out first rather than conclude. I am resting from forex for now, but when I return, I am sure I would consider Profiforex for my trades again.

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