Is ProfiForex a Scam or Legit?
ProfiForex holds a valid IFSC licence. The number is public and verifiable.
ProfiForex is regulated under IFSC licence 000102/27, issued to Profi-Forex Ltd. This licence appears in the IFSC public register. ProfiForex has been operating since 2008 — 18 years. Scam operations do not maintain long-term regulated status.
The IFSC registration
| Regulator | IFSC |
| Licence number | 000102/27 ✓ |
| Registered entity | Profi-Forex Ltd |
| Status | Authorised |
| Register | www.ifsc.gov.bz |
| Years regulated | 18+ |
What IFSC regulation means for you
IFSC-regulated brokers must meet conduct and capital requirements set by the regulator. Client funds must be held separately from company funds.
All regulatory licences
ProfiForex holds 1 regulatory licence across different jurisdictions. The entity that applies to your account depends on your country of residence.
| Regulator | Licence | Entity | Max leverage |
|---|---|---|---|
| IFSC | 000102/27 | Profi-Forex Ltd | 1:500 max |
How to verify ProfiForex yourself
Go to www.ifsc.gov.bz. Enter the licence number 000102/27 or search by entity name Profi-Forex Ltd. The result should show the entity name, authorisation status, and the specific regulated activities it is permitted to conduct.
This takes under a minute. If a broker cannot be found on the relevant regulator's register, that is a serious warning sign. All legitimate regulated brokers appear there.
Common complaints and what they mean
Most complaints about ProfiForex fall into standard categories: withdrawal processing times, spread widening during news events, and account verification requests. These are normal business practices, not indicators of fraud.
None of these patterns indicate fraud. They are the normal complaints of a commercial brokerage enforcing its terms. Real forex scams operate without any regulatory licence, refuse all withdrawals, and disappear with client funds. That is not the profile of ProfiForex.
Red flags that would indicate a real scam
When researching any broker, watch for these genuine warning signs:
- No licence number listed, or a licence that cannot be found on the official register
- Pressure to deposit more money to unlock withdrawals
- Promises of guaranteed returns or "risk-free" trading
- Platform that only shows profits, never losses
- No physical address or contact information
- Licence from a regulator you have never heard of that has no official website
None of these apply to ProfiForex. Its IFSC licence 000102/27 is publicly verifiable, it has disclosed offices in Marshall Islands, and it has operated continuously since 2008.
Frequently asked questions
Is ProfiForex safe to deposit money with?
ProfiForex is IFSC-regulated and client funds are held in segregated accounts. Client funds are held separately from company funds as required by the regulator. This does not eliminate trading risk, but it protects funds from broker insolvency.
Why do people ask if ProfiForex is a scam?
Most forex scam searches come from traders who lost money trading. CFD trading is high-risk — 73% of ProfiForex retail clients lose money. Losing money on a legitimate platform does not make it a scam. Scams refuse all withdrawals and disappear. ProfiForex has processed billions in withdrawals over 18 years of operation.
Is ProfiForex regulated in my country?
ProfiForex holds licences covering 40 countries across 1 regulatory jurisdictions. The entity serving your account depends on your country. Check the full licence table above to find which entity applies to your region.
What happens to my money if ProfiForex goes bankrupt?
IFSC-regulated brokers must hold client funds in segregated bank accounts entirely separate from company operating funds. This means your deposits cannot be used to pay the broker's business creditors if it becomes insolvent.