Professionals ProFinance: Description of the Brokerage Company
In 1995, an organization emerged initially created as a dealing center, which after 4 years shifted its focus to providing internet trading on Forex. ProFinance remains one of the first companies in Russia offering traders broad functional capabilities to work in financial markets. Today, it continues to operate successfully in Russia with the website profinance.ru, available exclusively in Russian. Let’s take a closer look at the activities of the broker ProFinance and examine user opinions about it.
Information about ProFinance Company
The profinance.ru website is not subject to external regulation and does not have the necessary licenses for brokerage activities. This situation creates distrust in the ProFinance organization, as there is a risk of financial losses.
An organization managed by the American entrepreneur Henry Quinlan was established by a group of financial experts. Its main office is located at 101000, Moscow, Pokrovsky Boulevard, 4/17, building 1, office 42. The company does not have additional branches.
Registration on profinance.ru Portal
Starting in 2018, new accounts on the profinance.ru portal are no longer being created. The broker serves only previously registered users and does not provide a timeline for resuming registration. Clients, when leaving reviews, point to the registration process through filling out personal data in a special form and signing a user agreement sent to the company’s office.
Bonuses from ProFinance Broker
The company offers users two types of accounts: demo and real. A demo account is useful for familiarizing oneself with the platform, while a real account enables traders to conduct trading under real conditions using various financial instruments, including currency pairs, company stocks, stock indices, and other assets.
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User reviews also indicate a limited selection of assets compared to other platforms. Some clients note a high minimum deposit, inconveniences in fund withdrawal, and limited automated trading capabilities.
NEWS: Forex News and Analysis
In 1999, the service ForexPF was developed by ProFinance, providing current news and analysis on financial markets. The portal became one of the most popular in Russia, providing clients with valuable information for making investment decisions.
Trading Platform and Support
Trading through the ProTrader trading terminal allows clients to quickly and efficiently conduct financial operations. The platform has a large set of financial indicators and is available for download on PCs and mobile devices. The service’s technical support ensures prompt assistance to users on platform operation issues.
Fund Deposits and Client Reviews
For money deposit and withdrawal operations, ProFinance offers the use of bank transfers, with a minimum transaction amount of $100. Clients complain about delays in fund withdrawals and inconveniences in financial operations.
Opinions and Deception of Clients
There are reviews on the internet about the operation of the company ProFinance. Critics express opinions about constant problems with money withdrawals, outdated trading platform, and ineffective support. Positive reviews are also present, noting stable results in working with the broker.
Recommendations and Conclusions
Advantages of ProFinance:
- authority among Russian-speaking traders,
- main headquarters in Moscow,
- existence of a demo account,
- separately developed service with analytics and economic news,
- no commission for trading operations.
Company Disadvantages:
- limited number of trading instruments,
- lack of a license for brokerage,
- inconvenient fund deposit and withdrawal process,
- high minimum deposit,
- outdated website interface,
- suspension of new user registrations.
Existing for more than 25 years, ProFinance is one of the oldest brokerage companies that introduced internet trading in Russia. However, there is a risk of fraudulent activities as clients point out in their reviews. The decision to collaborate with this broker remains at the discretion of each investor.
Author: Pavel Nekhoroshkov
The ProFinance broker offers a generally satisfactory service according to users, with an efficient interface, but some have mentioned concerns regarding customer service and withdrawal efficiency.