ProfiForex Review 2026
Full ProfiForex review for Nigeria traders — regulation, spreads, fees and our honest verdict.
Regulation in Nigeria
| Regulator | IFSC — International Financial Services Commission (IFSC) |
| Licence Number | 000102/27 |
| Regulated Entity | Profi-Forex Ltd |
| Max Leverage (Forex) | 1:500 |
| Minimum Deposit | $0 |
| EUR/USD Spread | From 0.0 pips (ECN/Raw) |
| Instruments | 200+ |
| Platforms | MT4, MT5 |
| Copy Trading | ✗ |
| Real Stocks | ✗ |
| Inactivity fee | No inactivity fee |
Verdict
Regulated by IFSC (licence 000102/27). Minimum deposit $0. In Nigeria: maximum forex leverage 1:500.
About ProfiForex
ProfiForex was founded in 2008 and is headquartered in Marshall Islands. The broker offers 200 tradeable instruments including forex pairs, CFDs on stocks, indices and commodities. It is regulated across multiple jurisdictions with a primary licence held by Profi-Forex Ltd under IFSC.
In Nigeria, ProfiForex operates as Profi-Forex Ltd, authorised by IFSC under licence number 000102/27. Nigeria traders are subject to a maximum leverage of 1:500 on forex pairs under IFSC rules.
Trading Platforms
Pros
- IFSC regulated — licence 000102/27
- 200+ instruments to trade
- Negative balance protection in Nigeria
- Platforms: MT4, MT5
Cons
- No inactivity fee
- 76% of retail clients lose money
- CFD trading — you do not own the underlying asset
- No real stock ownership
Frequently Asked Questions
Is ProfiForex regulated?
ProfiForex holds IFSC licence 000102/27, issued to the regulated entity {entity}. This is a real, verifiable licence recorded in the official IFSC public register.
What is the minimum deposit for ProfiForex in Nigeria?
The minimum deposit is $0. This is the amount required to open a live trading account for traders in Nigeria under IFSC regulation.
What leverage does ProfiForex offer in Nigeria?
In Nigeria, ProfiForex offers maximum forex leverage of 1:500 under IFSC rules. Higher leverage may be available through offshore-regulated entities.
Is ProfiForex safe to trade with?
ProfiForex is regulated by IFSC, which requires segregated client funds, negative balance protection and independent audits. Regulation does not eliminate trading risk, but it provides meaningful investor protection.
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