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ProFxPremium Review - is it scam or safe?

ProFxPremium Review - is scam or good forex broker?

RATING: 1 / 3 REVIEWS ForexBrokerz ProFxPremium
ProFxPremium is an offshore broker. Your money is not safe.


Trading Accounts and Conditions


Account type Minimum deposit  Min. trade size Max. leverage Avg. Spread (& Commission)
Starting  $500 0.01 1:400 2 pips, fixed
Silver  $1000 0.01 1:400 2 pips, fixed
Gold   $2 500 0.1  1:400 1 pips, fixed / floating from 0.5 pips
Platinum   $10 000 0.1  custom Fix from 0.7 / Variable from 0.5
Diamond  $25 000 0.1  custom Fix from 0.4 / Variable from 0.3


ProFxPremium is a forex and CFD broker that offers the above account types, all of which allegedly offer commission-free trading and high leverage levels. Nonetheless, this broker does not provide free demo accounts.


What bothers us more is the fact that ProFxPremium is operated by an offshore company whose reputation is quite bad.



ProFxPremium Advantages


MT5 platform offered

ProFxPremium uses the MetaTrader5 (MT5) which we see as a positive. This platform shares most of the features that made its predecessor, the MT4, so popular among traders.


The MT5 offers great charting, with in-depth analytical tools, and also supports Expert Advisors to be used for automated trading. However, most of MT4’s EAs do not function on MetaQuotes’ newest software.



>> Find a better MT5 broker <<



Seemingly good spreads

ProFxPremium offers spread fixed at 2 pips on EUR/USD, which is in line with the average in the industry. Nonetheless, if you prefer trading with fixed spreads, we suggest that you choose a more reliable broker that offers such. For example,  multi-regulated, award-winning HYCM.


Up to 1:400 in leverage

The maximum leverage, offered by ProFxPremium is high, reaching1:400. Actually, that is in the upper range of what most brokers that are not restricted by legislative measures, offer. 


Many financial instruments and payment methods offered

The financial instruments available for trade at ProFxPremium include forex pairs, and CFDs on indices, commodities, stocks., as well as cryptocurrencies. Besides, the broker says that it supports payments made by bank wire, credit/debit cards, Neteller, WebMoney, PayPal, Skrill and others.



ProFxPremium Disadvantages


The brand of a company in the focus of a scam investigation

We found that that ProFxPremium is yet another brand owned and operated by Black Parrot Limited, a company registered on the Marshall Islands, MH 96960.  Offshore brokers are to be avoided as a general rule, but the case with Black Parrot Limited is even worse.



This company is present in the warning lists of a number of financial regulators, including Italy’s CONSOB, Netherlands’ AFM, and Poland’s KNF. Besides, we have reviewed a number of brokerage brands owned by this company, including Tradex1, IPT Markets, TradeGBP, TradeDAX, Tradex1, Tradedax, TradesPrime, and the notorious Vortex Assets. Considering the number of negative user comments on our reviews of those brokers, Black Parrot Limited is most likely a scam.


High initial investment required

In order to open an account with ProFxPremium, one has to invest at least $500. This is a high amount to start with, especially considering that this broker is not licensed. By comparison, you can start out with HYCM brokerage by investing a considerably lower amount, $100.


MT5 provided by another company

When we downloaded the broker’s MT5 platform, we saw that it isn’t provided by black Parrot Limited, but by another company: Index Premium – Trades Markets ltd. This is yet another disturbing fact about the offering of ProFxPremium.




As always, we have tried to be objective and have listed both the strong and weak sides of this broker. There are, however, too many red flags with regards to ProFxPremium: it does not offer demo accounts, it is registered offshore, and the company that operates it is in the blacklists of several financial regulators. Besides, it looks like the numerous brands owned and operated by Black parrot limited have the reviews our website.


In the current day and age, the online world is full of scammers, who promise high and easy profits, but are in fact only after your money and offer nothing in return. This is the reason why most governments have dedicated financial regulators who are in charge of licensing and supervision of financial services providers. Some of the most reliable among them is UK’s Financial Conduct Authority (FCA).



>> Trade with top-tier FCA brokers <<



To sum up our review on ProFxPremium:


Pros Cons
MT4 available Brand of a company in the focus of scam investigation
Competitive spreads No demo accounts
Many assets and payment methods available High initial deposit
High leverage levels MT5 provided by another company


Latest news about ProFxPremium
No news about ProFxPremium. Check back later.
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Traders` reviews for ProFxPremium
















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ProFxPremium - Ladri

Ho avuto a che fare con un certo Dott. Nigro e con la Sig.ra Bonetti almeno così si fanno chiamare. Ho fatto diverse richieste di prelievo ma senza nessun esito. Dico di più, inizialmente in concomitanza dell'apertura del conto si facevano sentire tutti i giorni, ora sono scomparsi. VERGOGNATEVI. Sono dei truffatori. Resto in attesa di un Vs. riscontro

Translated by Google:

ProFxPremium - Thieves

I had to do with a certain Dr. Nigro and with Mrs. Bonetti at least so they call themselves. I made several withdrawal requests but without any results. I say more, initially, in conjunction with the opening of the account, they made themselves heard every day, now they have disappeared. SHAME ON YOU. They are scammers. I await your reply

Salvo 05/16/2019

Profx premium

Profx premium have conned me out of over £1130 despite promises from broker laura monetti that i had nothing to worry about and withdrawal was guaranteed but not recieved a penny ever since my 1st investment back on the 3rd december last year

Anthony Gibson 04/23/2019

It's the investement true or not?

I knew to have a good feeling with Laura Monetti,she spooke me about many arguments,over all the very serious professionality.
Now ,when i asked my money back before to do another investement,she disappeared,the profxpremium answered me that my request was submitted and a verified notificationwill be sent when the request is approved.
I'd like to have the address to have a face to face with her,i can't believe that it's all a fake.
Now i'm waiting for some news...

Pogliani giannantonio 03/12/2019


i just paid my minimum amount to open account of 250euros and now they haven't even returned any of my calls or emails to open the account. The agent I was dealing with is called Max Anderson. Very bad company.

Genielle Hall 02/27/2019
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