I have seen this too, but was not interested in investing at that time. I think should contact customer care and ask all the right questions before putting your money. From the trader monitor I can some guys are controlling huge amount of money up $300k in one account.
That link is no long available from my end. There was a time I invested, but I was not making much profit so I withdraw my capital plus profit and I decided to trade by myself. Now I don’t see the link to invest anymore. Maybe it has been moved to a different page. You should ask online support if you are serious about it.
My personal recommendation is to stay away from Seychelles. I come from the brokerage industry and there are reasons why we stay away from such countries when opening a brokerage. Your money deserves better protection.
Look for more heavily regulated brokers, it may be tougher at the start but over the long run, you will greatly benefit.
Profiforex does not pay interest to me. Unless you are talking about Swap, don’t expect to be paid interest for keeping money on your account. Some brokers do pay interest on accounts but that is when the account is not in use.
I joined the contest but do not know the rules yet. Is anyone participating in these contests?
Check the Menu. The rules are there on the contest page. I participated twice in this contest. Once you win a price, you are not allowed to participate again using that same account.
I have a profiforex micro account with some funds in it. Is it possible to convert a micro account to a standard account? Share how to if anyone of you has done it. I need to trade in standard lots or else open a new account and transfer funds
It is not possible to convert a micro account to a standard account. The best thing for you to do is open a new standard account and transfer the funds from your micro account it. Check the withdraw page and select from the payment options “Account to account transfer”. Should be easy
Thank you for the information, I asked the broker online agent and she said the same thing. I have done it.
I stumbled upon this thread yesterday, so I decided to come here just ask about this broker and bitcoin. Does profiforex offer bitcoin as trading instrument? I would like to know if bitcoin deposit and withdraw is possible.
I don’t trade bitcoin, so I don’t have any experience with it. But, at the time of writing this, I saw BTCUSD on the market watch window of the mt4, but it is in grey, which means I cannot open a deal at the moment. Maybe there is the trading hours or so. I suggest you check the bitcoin trading hours, if there is anything of such. Or better still ask the broker. Also, the bitcoin deposit and withdraw option is easy to spot on the deposit page. It is available, I have used it twice.
Ok, thank you very much. I will give it a try and see if the platform allows me to open a trade. Probably use a cent account in case it does not work. Customer support says it is working.
Did anyone Trade on Friday last week, before or after the Non-farm payroll figure for United States? I lost about 500 usd on that very day. It was a big mess I made. Now the stupid Eur is recovering today, but it seems like a short term thing because the dollar looks set to gather more gains this week. What was your experience last week. I am trying to recover the lost money gradually.
On the said day, I made $100 fortunately. I waited till the NFP number was released and when I saw the figure, I knew Dollar would rise immediately. I thought the mt4 would freeze on me, but it was a one way express. Probably you entered the market before the data was released. The price went up before the number came out.
It is stupid to place a trade before an upcoming data is released. Am surprised your did not wipe out your account.
That was how I preferred. Except this time it was a wrong call. You want to make money trading the news, you have to take a bold step.
Are you guys ready for the NFP? Where do you think the prices for the USD pairs be heading today? I have a lukewarm attitude towards todays data.
I definitely did not like the fact that it was released on a Friday. And you were right, there wasn’t much action. Trading the news can be very profitable, but can also make you run at a loss if you enter a deal before the data is released. The GBP PMI data was great and really moving the pair upward. I hope to catch in some profit on this one.
I am thinking of opening opposite positions today before the news release for the GBP and the USD. Then after determining where the trend is heading, I will close out the losing positions and grab in some profit. Is this form of trading welcome on the Profiforex platform?
I wonder if the broker will allow you to do that. Hedging with same currency is highly prohibited on some platforms. Though I have not tried it with Profi. How did it go Bob?