Note: Because The Official Profx Website (https://Profx Market.com/) Was Inaccessible At The Time Of Writing This Introduction, Only A Cursory Look At It From The Web.
General Information And Regulations
Profx, Trade Name Profx Market, Is Purportedly A Dubious Regulated London Ecn/stp And Spread Trading Broker That Claims To Offer Its Clients Some Tradable Financial Instruments On The World's Most Trusted And Popular Metatrader4, With Leverage Up To 1:1000, A Trading Platform With Variable Spreads From 0 Pips, And A Choice Of Four Different Account Types.
Market Tools
Profx Advertises That It Mainly Offers Forex And CFD Trading. Some Other Trading Assets, Such As Bitcoin's Cryptocurrency, Can Also Be Used.
Account Types
In Addition To Demo Accounts, There Are Four Real Trading Accounts Run By Profx, Namely Pro Trader, Pro Professional, Pro Market And Pro Honor. The Minimum Initial Deposit Amount Required To Open A Pro Trader Or Pro Professional Account Is $100, While The Minimum Initial Capital Requirements For The Other Two Account Types Are Much Higher, At $500 And $50,000 Respectively.
Leverage
Traders Holding Different Account Types Can Enjoy Different Maximum Leverage Ratios. Clients Of Pro Trader Accounts Can Enjoy A Maximum Leverage Of 1:1000, Pro Professional And Pro Honor Accounts Can Experience Leverage Of 1:500, And Pro Market Accounts Have Leverage Of 1:400. Inexperienced Traders Are Advised Not To Use Excessive Leverage As Leverage Can Amplify Gains And Losses.
Spreads & Commissions
Profx Claims That Different Account Types Can Enjoy Completely Different Spreads. In Particular, Spreads For Pro Trader Accounts Start From 2 Pips. Clients Of Pro Professional Accounts Can Experience Spreads Starting From 0.8 Pips, While Only Pro Market And Pro Honor Accounts Can Enjoy The Original Spread Starting From 0 Pips. As For Commissions, Pro Trader And Pro Professional Accounts Are Commission-free, While The Commission For Pro Market Accounts Is $5 Per Lot, While The Commission For Pro Honor Accounts Is Lower At $3 Per Lot.
Trading Platform Available
The Platform Available For Trading Profx Is The Industry Standard Metatrader4, Available In Both Desktop And Mobile Versions. Anyway, We Recommend You To Use Mt4 Or Mt5 As Your Trading Platform. Forex Traders Praise Metatrader For Its Stability And Trustworthiness As The Most Popular Forex Trading Platform. Expert Advisors, Algorithmic Trading, Complex Indicators And Strategy Testers Are Some Of The Complex Trading Tools Available On The Platform. There Are Currently Over 10,000 Trading Apps Available On The Metatrader Market For Traders To Use To Improve Performance. By Using The Right Mobile End Points, Including Ios And Android Devices, You Can Trade Anytime, Anywhere Via Mt4 And Mt5.
Deposit And Withdrawal
Profx Has Indicated That The Following Payment Methods Are Available, Including Bank Telegraphic Transfer And Credit/debit Cards, As Well As E-wallets Such As Skrill, Neteller And Perfect Money. The Minimum Initial Deposit Requirement Is Said To Be Only $10.
Customer Support
Profx Can Be Contacted By Phone At Customer Support: + 44 745 238 3422, Email: Support@profxmarket.com. Also, You Can Follow The Broker On Some Social Media Platforms, Such As Twitter, Facebook, Instagram, Youtube And Linkedin. Company Address: 71-75 Shelton Street, London.
