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Contract reading

What Profiforex legally published, but does not want you to read

Every clause below is published by Profiforex itself, on its own website, today. The finding is not that the text exists. It is the distance between what a client is shown and what a client agreed to. Read from its own documents on .

Contracting entity: ALFA DIGITAL LLP

sole discretionwithdrawalshidden feekyc freezedeemed acceptancebonus lockconflictdispute deadlinedormancyleverage

Profiforex's 15 page Client Agreement is signed with ALFA DIGITAL LLP, a company the website never names. Clause 9.6 lets Profiforex rewrite the prices of every trade you have made if you disagree with a cancellation. Clause 12.3 gives you 48 hours to complain, while clause 12.2 one paragraph earlier says one month. The 500% bonus is credit, and credit cannot be withdrawn.

Contract risk

Money at risk
8.8/10

Where this contract sitsHow far this contract goes, overall. Under 2 is nothing beyond the ordinary; 6 to 9 means several clauses put money you have already earned at risk; 9 and above reads as designed to make payout refusable.

0510
CriticalClauses that can cost you money you have already earned or deposited, or that remove your ability to challenge it.
8
FlaggedEvery clause worth knowing about, at all three severities. Ordinary terms that every broker has are not counted.
22
DocumentsHow many of the broker's own legal files this reading is based on. Each one was downloaded and hashed on the date shown.
22
ContradictionsPlaces where a promise the broker makes in public is not kept by the clause that governs it.
10

How the 22 break downThe same flagged clauses, split by how much each one can cost you. Severity is our reading of the clause, not the broker's label.

Critical8
Warning12
Notice2

The numbers in this contractFigures taken from this broker's own clauses, so the labels differ from broker to broker. The four in the panel above are the same on every report.

4 of these 4 figures come from a clause we rate critical, which means it can take your money or your profit rather than only delay it.

What the documents say

22 clauses worth knowing about, worst first, each quoted from Profiforex's own files

01

Profiforex can cancel trades it does not like, and clause 9.6 says that if you disagree with the cancellation, the opening and closing prices of all your trades get rewritten to another firm's quotes. Clause 3.16 lets it change the price of any trade at any time.

Why this matters

Objecting costs you more than accepting. Every profit you have ever made on the account can be repriced because you challenged one cancelled trade, and nothing in the contract caps how far back that goes.

Exhibit 1CriticalHarder than usual

In case of strong disagreement, as well as the impossibility of resolving the dispute in another way, including in a situation where the client does not agree with the cancellation of his trades, the open / close prices of all client trades will be rewritten in accordance with the tick quotes of Dukascopy (Swiss Forex Bank).
Clause 9.6 in Client Agreement, p.10
Read from the broker's site on Open the reference
  • Worse together with Exhibit 4You have 48 hours to challenge a cancellation, and challenging it is what triggers the rewrite of everything else.
  • Worse together with Exhibit 11The prices Profiforex rewrites are then proved by Profiforex's own server log, which the contract says beats your records.
02

You sign up on profiforex.com, but the Client Agreement is between you and ALFA DIGITAL LLP. The contact page names a third company, TIM GROUP INC. The contract also says it only comes into force on a different website, profiforex.org.

In plain words

On a principal basis, as your counterparty, means the broker takes the other side of your trade itself. Your loss is then the firm’s gain, so it has an interest in how your trade ends.

Why this matters

If your money goes missing, you have to know who to pursue. Profiforex's own documents give you three names and one Belize address, and none of the four legal pages on the site tells you which company holds your deposit.

Exhibit 2CriticalRarely seen

ALFA DIGITAL LLP., Hereinafter referred to as the Company, on the one hand, and an individual or legal entity, hereinafter referred to as the Client, on the other hand, have entered into this contract as follows.
Clause Opening paragraph in Client Agreement, p.1
Read from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must tell a retail client, before they trade, exactly which legal entity they are contracting with and where it is authorised. Profiforex's Client Agreement names ALFA DIGITAL LLP, its contact page names TIM GROUP INC. and its footer names Profiforex Corp.

Profiforex is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Our readingOffshore groups often use a holding company. Naming a different company in the contract than on the contact page, and pointing the contract at a website the client never visits, leaves no document that settles the counterparty.

03

Profiforex advertises a bonus of up to 500% and says you can withdraw it any time. Lower down the same page it says each $1 of bonus only becomes withdrawable after you trade one full lot, and that any withdrawal destroys five times its value in bonus.

Why this matters

Take $5,000 of bonus and you need 5,000 lots of trading before it is yours. Pull out $100 of your own money first and $500 of the bonus disappears at the same moment.

Exhibit 3CriticalHarder than usual500%

For each 1 lot traded you have the following amount of bonus eligible to be converted to your deposit:
Clause Bonus is withdrawable in Bonuses
Read from the broker's site on Open the reference
Our own capture of profiforex.com, taken on Oct 8, 2026The claim, on English Advantages page, Bonus Program blockVisit this page on the broker's siteDownload the full size image file
Our own capture of account.profiforex.com, taken on Oct 8, 2026What the contract says, clause Система отработки невыводимых (кредитных) средствThis capture shows the page the quotation was taken from. The words themselves are not marked in it, so please read the quotation above as the evidence.Visit this page on the broker's siteDownload the full size image file
Our own capture of profiforex.com, taken on Oct 8, 2026The 500% bonus unlocks at one lot per dollar (clause Bonus is withdrawable)Visit this page on the broker's siteDownload the full size image file

What it costsDeposit $1,000 with the 500% bonus and $5,000 of credit appears. At 1 USD of bonus per lot on Forex, converting all of it means trading 5,000 lots.

  • Only applies after Exhibit 5The bonus is paid as credit, and the contract's rules on non-withdrawable funds are what decide whether credit ever becomes your money.
04

You get 48 hours to complain about a trade under clause 12.3. Clause 12.2, one paragraph earlier, says you get one month for the same thing. Both clocks start when the problem happened, not when you noticed it.

Why this matters

Read clause 12.2 and believe you have a month, and you are out of time after two days. Clause 12.6 confirms it is the 48 hour rule that Profiforex actually works to.

Exhibit 4CriticalHarder than usual2 days

Any complaint by the Client regarding completed trading operations must be sent by e-mail to the address: ( boss@profiforex.com ) within 48 hours from the moment the reason for such a complaint appears.
Clause 12.3 in Client Agreement, p.12
Read from the broker's site on Open the reference

What it costsClause 12.2 allows one month for a complaint about a trade. Clause 12.3 allows 48 hours, which is two days.

Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must give a retail client at least six months to bring a complaint, and must point them to an independent ombudsman afterwards. Profiforex's contract gives 48 hours and names no outside body.

Profiforex is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

  • Worse together with Exhibit 10Notices count as received an hour after they are sent, so the 48 hours can start running before you have opened anything.
05

Profiforex can put money into your account that counts as balance but can never be taken out. The contract says these funds are marked on the account as a balance, absorb losses, and can be handed out for deposits by Webmoney or crypto, or in other situations.

Why this matters

The number on your screen is not the number you can withdraw, and nothing in the contract makes Profiforex show you the split. You only find out which part was real when you ask for the money.

Exhibit 5CriticalHarder than usual

1) Non-withdrawable funds are marked on the account as a balance.
Clause Non-withdrawable charges in Client Agreement, p.14
Read from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must keep a retail client's own money distinct from any credit or incentive and must not present the two as one figure. Profiforex's contract says non-withdrawable funds are marked on the account as a balance.

Profiforex is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

06

Clause 10.7 charges $100 a month to accounts that held money on 9 February 2018 and never moved to the Mobius Trader 7 terminal. It is buried on page 11 of a 15 page PDF, under the heading "Payments".

In plain words

Dormancy means an account left unused.

Why this matters

If you left an old account sitting with a balance, Profiforex can take $100 of it every month until the money runs out. No notice is required and nothing caps how long it runs.

Exhibit 6CriticalRarely seen$100

For all accounts that were active (had a non-zero balance) on February 9, 2018, the rule applies according to which those who did not enter and / or did not start trading in the terminal Mobius Trader 7 and whose funds we have to keep on Metatrader 4, the company withdraws the commission at a rate of $ 100 per month.
Clause 10.7 in Client Agreement, p.11
Read from the broker's site on Open the reference

What it costsAt $100 a month, $1,200 leaves the account in a year. A $900 balance is gone in nine months.

Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must disclose a charge of this size where the client is deciding about their money and must warn before an inactive account starts being eroded. Profiforex states it only inside the Client Agreement PDF.

Profiforex is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Our readingTypical dormancy fees run from a few dollars to around $15 a month. A fixed $100 a month, charged for using the wrong platform rather than for being inactive, is far outside that range.

Profiforex advertises leverage of 1:3000 that its contract denies

The Profiforex bonus page states that a 500% bonus turns 1:500 leverage into 1:3000. The Client Agreement says, in four words, that bonus funds do not increase leverage. The Privacy policy likewise describes cookies as session recognition, while the partner FAQ describes referral cookies kept for an unrestricted period.

Page against contract2 clauses flagged

The bonus page tells you a 500% bonus lifts leverage from 1:500 to 1:3000. The Client Agreement says in four words that bonus funds do not increase leverage. The same page also sells the bonus as free margin for bigger positions.

Why this matters

If you size a position on the promise of 1:3000, the contract says the margin was never there. The Chinese and Russian versions of the bonus page carry the same 1:3000 claim.

Exhibit 8CriticalHarder than usual3000

Bonus funds do not increase leverage.
Clause Bonus accruals in Client Agreement, p.14
Read from the broker's site on Open the reference

The Privacy policy says Profiforex's cookies merely let the site recognise someone who has already logged on. The partner FAQ says referral cookies sit on a visitor's computer for an unrestricted time period, before any account exists.

Why this matters

You are tagged to the affiliate who sent you from your first visit, and the Privacy policy does not mention that use at all. Profiforex's own estimate of how long the tag survives is about four months.

Exhibit 21NoticeStandard wording

The cookies neither contain nor capture any personal information, account data or password information. They merely allow the site to recognize that a page request comes from someone who has already logged on.
Clause The use of "cookies" in Privacy policy
Read from the broker's site on Open the reference

Profiforex chooses whether, how and in what form you are paid

Clause 7.4 lets Profiforex refuse your chosen payment route at its discretion and pick one itself, with no reason required. Clause 10.3 allows 2 working days while the site promises 24 hours. Money marked non-withdrawable still shows in your balance, so the figure on screen is not the figure you can take out.

Getting money out2 clauses flagged

Clause 7.4 lets Profiforex refuse to pay you through the payment system you chose, and then pick the system itself. No grounds are required. Clause 10.3 promises 2 working days, while the website promises 24 hours.

Why this matters

Your exit route is Profiforex's choice, not yours. Clause 10.4 also lets it suspend the payment while it investigates, and sets no outer limit on how long that investigation runs.

Exhibit 7CriticalHarder than usual2 working days

The Company may, at its discretion, refuse to withdraw funds to the payment system chosen by the Client. The Company may, at its discretion, indicate the payment system / systems with which the Client can withdraw money from his trading accounts.
Clause 7.4 in Client Agreement, p.8
Read from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must return a retail client's money promptly and must give a reason when they do not. Profiforex's clause 7.4 requires no reason at all.

Profiforex is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

  • Worse together with Exhibit 5Profiforex picks both how much of your balance is withdrawable and which route it may leave by.

The Return Policy lets Profiforex send your deposit back to where it came from if no trading happens within a month. If you ever query a card payment, it can block your login, freeze the balance and return what is left after its charges.

Why this matters

Parking money with Profiforex while you decide is not an option the contract leaves open. Querying a card charge costs you access to the account as well as the payment.

Exhibit 17WarningHarder than usual

The company doesn't cancel the realized commercial transactions therefore the Company has the right to return money to the sender if within a month from the moment of replenishment, on trading accounts it wasn't recorded trade activity.
Clause Refund and Return Policy in Refund and Return Policy
Read from the broker's site on Open the reference

What a Profiforex withdrawal costs is behind the login

Profiforex's FAQ sends you to the withdrawal page for the fee on your payment method, and that page needs an account. The Trading Conditions page on the site is blank, so the round turn commission of 0.3 and 0.6 pips appears only in an FAQ answer. Clause 7.2 lets Profiforex set the currency conversion percentage itself.

Cost disclosure1 clause flagged

Profiforex's FAQ sends you to the withdrawal page to find the fee for your payment method. That page needs an account. The same is true of the maximum you may withdraw.

Why this matters

You cannot compare Profiforex's exit costs against another broker before you hand over money and identity documents. Clause 7.2 also lets Profiforex set the percentage itself when converting between payment systems.

Exhibit 15WarningHarder than usual

The withdrawal fee depends on the payment system being used. Please visit our Withdrawal page, click on the payment system. You will find information regarding withdrawal fee at the right corner.
Clause How much commissions do your charge for withdrawing? in FAQ for Clients
Read from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must give a retail client the full cost of a service before they commit. Profiforex publishes its withdrawal fees only behind the account login.

Profiforex is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Profiforex can rewrite the price of a trade after it has closed

Clause 9.6 says that if you disagree with a cancelled trade, the open and close prices of all your trades get rewritten to another firm's quotes. Clause 3.16 lets Profiforex change any trade's prices at any time. Clause 8.5 lets it fill a failed order up to 4 hours later, at any price in that window.

Price control1 clause flagged

Send more than 10 requests a minute and fail to open a position, and clause 8.5 lets Profiforex open that position for you within the next 4 hours, at any price that occurred during the period.

Why this matters

You can end up in a trade you thought had not happened, entered at a price the broker picks after the fact. The clause gives Profiforex the choice of price and no duty to warn you.

Exhibit 14WarningRarely seen

If the Client within a short time sent multiple requests to open a position (more than 10 requests per minute), and, as a result, could not open a position, the Company has the right (but is not obliged) to open this position within 4 hours after the request - at any price in this period of time.
Clause 8.5 in Client Agreement, p.9
Read from the broker's site on Open the reference

Our readingBrokers normally reject an order or fill it at the next available price. Holding a failed request open for hours and then choosing any price inside that window hands the firm the benefit of hindsight.

Pass $1,000 and your trading terms get worse, not better

Clause 4.6 lets Profiforex move the stop out from a 15% margin level to 60% once your deposit passes $1,000, cut leverage to 1:100 past $3,000, and cap it at 1:50 past $500,000. Clause 1.8 lets Profiforex rewrite the whole agreement by posting it on a forum, and refuses any claim that you did not know.

Changing the deal3 clauses flagged

Pass $1,000 and Profiforex can move your stop out from a 15% margin level to 60%, closing positions four times earlier. Pass $3,000 and it can cut your leverage to 1:100. Past $500,000 the cap is 1:50.

Why this matters

The more you deposit, the less room your trades get. Clause 4.6 does let you demand the standard stop out level whatever your balance, but you have to know the clause exists to ask.

Exhibit 9WarningRarely seen$1000

If your account has more than $ 1000, then the Stop-out level can be set at 60%. This avoids large losses and makes your trading more stable. The client has the right to demand the same Stop-out level for any amount of the deposit.
Clause 4.6 in Client Agreement, p.7
Read from the broker's site on Open the reference

What it costsHold $1,000 and the stop out sits at a 15% margin level. Add one dollar more and Profiforex can set it at 60%.

Our readingBrokers normally reduce leverage as exposure grows, not as the deposit grows, and they rarely tighten the stop out level at the same time. Here both move against the client at $1,000.

What happens, and when

The stages this clause runs through, taken from the broker's own document
TriggerWhat the broker may then doClause
Over $1,000The stop out level can be set at 60% instead of 15%.4.6
Over $3,000Profiforex can reduce your leverage to 1:100.4.6
Over $500,000Maximum leverage is 1:50.4.6

Profiforex can rewrite the whole agreement by posting the change on its forum, in the News section or on its blog. Clause 1.8 then says it will not accept any claim that you did not know. Clause 1.7 lets it change trading conditions the same way.

Why this matters

There is no email, no notice period and no version history. A forum announcement counts as delivered to you 24 hours after it goes up, whether or not you have ever visited the forum.

Exhibit 10WarningHarder than usual

The Company has the right to unilaterally change the current agreement by announcing the change in the terms of the agreement on the forum and / or on the Company's website in the "News" section.
Clause 1.8 in Client Agreement, p.1
Read from the broker's site on Open the reference

Profiforex has two registration pages. The one in the main menu lists the Client Agreement, Partner Agreement and Risk disclosure as downloads. The one in the client portal binds you to the Client Agreement without linking to it.

Why this matters

Which route you arrive by decides whether you ever see the contract before agreeing to it. Both pages bind you to the same 15 page document.

Exhibit 22NoticeHarder than usual

Clicking the button, you confirm that you agree with the terms of Client Agreement
Clause Registration form footnote in Registration
Downloaded from the broker's site on Open the reference

You get 48 hours to complain, and Profiforex decides the outcome

Clause 12.3 gives a Profiforex client 48 hours to complain about a trade, while clause 12.2 says one month for the same thing. Clause 12.7 ranks Profiforex's server log above your own terminal log. Clause 12.10 ends the process with Profiforex's own idea of a fair settlement, and no outside body is named anywhere.

Exit from a dispute2 clauses flagged

Clause 12.7 gives Profiforex's server log unconditional priority over every other argument, including the log from your own terminal. Clause 1.11 lets Profiforex merge your orders and replace them in the account history with a single entry.

Why this matters

The record you would use to prove what happened belongs to the firm you are arguing with, and that firm is allowed to rewrite it. Your own terminal log is ranked below it by name.

Exhibit 11WarningHarder than usual

When considering a disputable situation, the main source of information is the server log file, which has unconditional priority over other arguments, including with respect to the client terminal log file.
Clause 12.7 in Client Agreement, p.12
Read from the broker's site on Open the reference

For anything the contract does not cover, clause 12.10 says Profiforex makes the final decision based on its ideas about a fair settlement. Clause 12.8 lets it ban trading on your account until the dispute is over.

Why this matters

There is no ombudsman, no arbitrator and no regulator named anywhere in the document set. The firm you are complaining about is the only body that rules on it, and it can freeze your trading meanwhile.

Exhibit 12WarningHarder than usual

In the event of a dispute that is not prescribed in these Regulations, the final decision is made by the Company based on generally accepted market practice and its ideas about a fair settlement of the dispute.
Clause 12.10 in Client Agreement, p.13
Read from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must give a retail client access to an independent complaints scheme once the firm's own answer is exhausted. Profiforex's contract ends the process with the Company's own decision.

Profiforex is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

  • Worse together with Exhibit 4A 48 hour window to complain, followed by a decision only Profiforex makes, leaves no step a client controls.

Profiforex verifies you after your money is already inside

Profiforex advertises no paperwork and places no restriction on unverified accounts. Clause 5 then lets it demand at any time a passport scan, a photo of you holding your ID, or a notarised copy by post. The anti-money-laundering policy lets it suspend or refuse a transaction at any stage while that runs.

When the check comes1 clause flagged

Profiforex advertises no paperwork and lets you trade unverified. Clause 5 then lets it ask at any time for a passport scan, a photo of you holding your ID, or a notarised copy by post. Bitcoin depositors must verify first.

Why this matters

The check comes when your money is already inside. The anti-money-laundering policy lets Profiforex suspend or refuse a transaction at any stage while that check runs.

Exhibit 16WarningStandard wording

No, verification is not obligatory. It is mostly needed for the extra safety of your account. We do not place any form of restrictions on unverified accounts.However, we reserve the right to request for your documents when the need arises.
Clause Do I need to submit any documents before I deposit or start trading? in FAQ for Clients
Read from the broker's site on Open the reference
Our own capture of profiforex.com, taken on Oct 8, 2026The claim, on English Advantages page, closing call to actionVisit this page on the broker's siteDownload the full size image file
Our own capture of profiforex.com, taken on Oct 8, 2026What the contract says, clause Bitcoin transactionsVisit this page on the broker's siteDownload the full size image file

Your spread can be set by the affiliate who recruited you

Profiforex's Partner Agreement lets a representative widen the spread for its own group of clients and take double commission, and lets a white label agent set any commission and its own terms of trade. The investment FAQ says becoming a managing trader takes nothing, and that a manager who can twist his profit figure is worth investing in.

Whose side2 clauses flagged

The Partner Agreement lets an affiliate with representation status widen the spread for its own group of clients and take double commission. A white label agent can go further and set any commission and its own terms of trade.

Why this matters

What you pay to trade can depend on who sent you to Profiforex, not on the published price. Nothing in the client-facing documents tells you whether a partner is marking up your spread.

Exhibit 13WarningRarely seen

The representation has the right to move apart spread to own group and to receive double commission.
Clause 3.4 in Partner Agreement, p.4
Read from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must disclose any mark-up an introducer takes from a retail client's trades. Profiforex's Partner Agreement lets a representative widen the spread for its own group and says nothing about telling that group.

Profiforex is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Our readingIntroducers are usually paid a share of a fixed spread. Letting the introducer move the spread itself, and set its own terms of trade, makes the client's cost a private arrangement between broker and affiliate.

  • Worse together with Exhibit 15A spread an affiliate widened sits on top of a fee schedule the client cannot see before registering.

Profiforex sells an investment product where your money is moved into another client's account. Asked what it takes to become a managing trader, its own FAQ answers: nothing, just register an account.

Why this matters

Asked whether a manager can massage the profit figure you pick them by, Profiforex answers that if they can, it is worth investing in them. Clause 3.6 of the contract says the firm gives no recommendations at all.

Exhibit 19WarningRarely seen

Nothing. Just register an account in your account.
Clause What does it take to become a managing trader? in Investment FAQ
Read from the broker's site on Open the reference
Our own capture of profiforex.com, taken on Oct 8, 2026The claim, on English Advantages page, Let Experts Trade for You blockVisit this page on the broker's siteDownload the full size image file
Our own capture of profiforex.com, taken on Oct 8, 2026What the contract says, clause What does it take to become a managing trader?Visit this page on the broker's siteDownload the full size image file

Our readingCopy trading platforms normally vet managers and publish verified track records. Setting no entry bar, then treating a manipulable profit figure as a reason to invest, leaves the investor with nothing solid to choose on.

A $100 monthly charge sits on page 11 of the agreement

Clause 10.7 charges $100 a month to Profiforex accounts that held a balance on 9 February 2018 and never moved to the Mobius Trader 7 terminal. Separately, an account is archived after a year with no login, whatever the balance. No dormancy fee applies to ordinary accounts.

Leaving it alone1 clause flagged

Profiforex archives an account under three rules. Two of them need the balance to be under $1 or under $10. The third needs only that you have not logged in for over a year, whatever the balance is.

Why this matters

A funded account you leave alone for a year can be archived with money still in it. The archive is reversible by logging into the terminal, but the contract does not say Profiforex will warn you first.

Exhibit 18WarningStandard wording

c) The client has not logged into the account for over a year.
Clause Archiving and unarchiving accounts in Client Agreement, p.14
Read from the broker's site on Open the reference

What happens, and when

The stages this clause runs through, taken from the broker's own document
TriggerWhat the broker may then doClause
Under $1, no terminal login for over a monthThe account can be archived.Archiving and unarchiving accounts a)
Under $10, no login for over 3 monthsThe account can be archived.Archiving and unarchiving accounts b)
No login for over a yearThe account can be archived at any balance.Archiving and unarchiving accounts c)

Segregation is promised and the trustee duty is disclaimed

Profiforex's Funds Security page says client money is segregated and held only at AA+ rated banks, naming none of them. Clause 6.6 repeats the separation promise and then states that Profiforex is not a trustee, fiduciary or escrow over your funds. The FAQ answers the regulation question with GURS, and the page linked as the certificate is empty.

What backs the money1 clause flagged

The Funds Security page says Profiforex keeps client money separate and banks only with AA+ rated banks. Clause 6.6 of the contract repeats the separation promise, then says Profiforex is not a trustee, fiduciary or escrow over your funds.

Why this matters

Separation without a trustee duty is a promise, not a protection. No bank is named, no auditor is named, and no compensation scheme exists if the Belize company fails.

Exhibit 20WarningHarder than usual

You acknowledge that the Company is not a bank and the Service is a payment processing service, not a banking service, and the Company does not act as a trustee, fiduciary or escrow in relation to your funds.
Clause 6.6 in Client Agreement, p.8
Read from the broker's site on Open the reference
Our own capture of profiforex.com, taken on Oct 8, 2026The claim, on English Funds Security page, Segregated Clients blockVisit this page on the broker's siteDownload the full size image file
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must hold retail client money on trust, have it reconciled and audited, and belong to a compensation scheme that pays out if the firm fails. Profiforex's contract states it does not act as a trustee and names no scheme.

Profiforex is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Where the marketing and the contract disagree

A promise made in public, set against the clause that governs it

01

The bonus page sells leverage of 1:3000, and the Client Agreement says bonus funds do not raise leverage at all.

Said in public, in English

Bonus increases your leverage: leverage 1:500+500% bonus=leverage 1:3000

English bonus page, under the heading +500% advantages to your account

In the contract · clause Bonus accruals

Bonus funds do not increase leverage.

02

Profiforex advertises a bonus you can withdraw at any time, and its own terminal documentation says the credit it pays the bonus as cannot be withdrawn.

Said in public, in English

Withdraw your bonus anytime

English Advantages page, Bonus Program block

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of profiforex.com

In the contract · clause Система отработки невыводимых (кредитных) средств

Кредит ничем не отличается от баланса – также участвуют в просадке и торговле. Но его нельзя снимать со счета.

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of account.profiforex.com

03

The FAQ promises a 24 hour withdrawal, and clause 7.4 lets Profiforex refuse the client's chosen route with no reason given.

Said in public, in English

Withdrawals are processed within 24hours. Withdrawals to Credit/MasterCard might take longer due to the delay from your bank.

English FAQ for Clients, Financial Questions section

In the contract · clause 7.4

The Company may, at its discretion, refuse to withdraw funds to the payment system chosen by the Client. The Company may, at its discretion, indicate the payment system / systems with which the Client can withdraw money from his trading accounts.

04

Profiforex advertises no hidden charges while clause 7.2 lets it set the conversion percentage on a withdrawal itself.

Said in public, in English

No hidden charges

English Advantages page, Trade with Confidence block

In the contract · clause 7.2

Otherwise, the Company assumes the right to determine the percentage for the transfer of one electronic currency to another, or to refuse the client in such a transfer.

05

Profiforex advertises no conflict of interests while its Partner Agreement lets an affiliate widen the spread paid by the clients it introduced.

Said in public, in English

No conflict of interests

English Advantages page, Trade with Confidence block

In the contract · clause 3.4

The representation has the right to move apart spread to own group and to receive double commission.

06

The marketing offers hundreds of profit making experts, and the investment FAQ says becoming one of them takes nothing at all.

Said in public, in English

Hundreds of Profit Making Gurus

English Advantages page, Let Experts Trade for You block

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of profiforex.com

In the contract · clause What does it take to become a managing trader?

Nothing. Just register an account in your account.

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of profiforex.com

07

The Funds Security page presents segregation as the protection on your money, and clause 6.6 disclaims the trustee duty that would make it one.

Said in public, in English

Profiforex keeps clients' funds segregated from our company funds

English Funds Security page, Segregated Clients block

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of profiforex.com

In the contract · clause 6.6

You acknowledge that the Company is not a bank and the Service is a payment processing service, not a banking service, and the Company does not act as a trustee, fiduciary or escrow in relation to your funds.

08

Profiforex advertises no paperwork before trading, and its anti-money-laundering policy requires Bitcoin depositors to be verified first.

Said in public, in English

No Extra Paper Work. Deposit and Start Trading Straight Away

English Advantages page, closing call to action

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of profiforex.com

In the contract · clause Bitcoin transactions

All the clients that deposit money to their trading accounts via Bitcoin should be previously verified after providing their ID card/ Passport scan and the document confirming their address (utility bill, bank statement).

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of profiforex.com

09

The contact page names TIM GROUP INC. as the company, and the Client Agreement says the company you contract with is ALFA DIGITAL LLP.

Said in public, in English

TIM GROUP INC. Corner Hutson & Eyre Street, Suite 302, Blake Building Belize City, Belize

English contact page, COMPANY DATA block

In the contract · clause 2, definition of Company

Company represents the legal entity ALFA DIGITAL LLP. It supports trade execution and all necessary settlements with the Client in accordance with this Agreement.

10

The Privacy policy limits cookies to recognising a logged in user, and the partner FAQ describes referral cookies that track visitors indefinitely before any login.

Said in public, in English

They merely allow the site to recognize that a page request comes from someone who has already logged on.

English Privacy policy, The use of cookies section

In the contract · clause How much time can pass from the moment when the client enters the website from my referral link till the moment when he

Cookies are stored in the computer for an unrestricted time period.

The documents this reading is based on

22 files, all published by Profiforex. Each shows when we read it and a fingerprint of its wording.

WIKILIX keeps the copy of each file it read, and does not republish it: what is published is the fingerprint of its wording. Download the file yourself and hash its text, lowercased with runs of whitespace collapsed, and a matching fingerprint means the wording quoted above is still the wording Profiforex publishes.

How this reading was done

Every clause above was read out of a document Profiforex publishes itself

This reading was published on .

Documents
21 of 22downloaded from the broker's site, and 21 read in full
Pages opened
35pages walked to find those documents, footer links included
Marketing pages
11public pages set against what the contract says
Languages
EN vs RUthe language it advertises in, against the language it contracts in

Who the contract is with

ALFA DIGITAL LLP

Three company names appear across Profiforex's own documents and none of them is Profiforex. The Client Agreement opens with ALFA DIGITAL LLP and its definitions section repeats that the Company is ALFA DIGITAL LLP. The contact page heads its COMPANY DATA block with TIM GROUP INC. at Corner Hutson & Eyre Street, Suite 302, Blake Building, Belize City. The footer of every legal page says Profiforex Corp. The Partner Agreement prints both names in one signature block: ALFA DIGITAL LLP as the Company, and TIM GROUP INC. with the Belize address underneath. The Client Agreement also names a different website, https://www.profiforex.org, as the site where the contract comes into force and where trading conditions are posted, while clients register on profiforex.com. Nothing in the document set says which of the three takes your deposit or which one you would sue.

Quotations are copied verbatim from the documents named above, with the clause number and the page each one came from. Where a clause is quoted in another language, the original is shown first and the English is a translation.

The plain-language parts, what a clause means for a client, how ordinary it is, and how it reads against a regulated standard, are WIKILIX's analysis and are labelled as such on every card. This is a reading of public documents, not legal advice and not an allegation of wrongdoing.

In fairness, and what we could not check

A reader who knows the edges of the work can trust the middle of it

Profiforex pays for a negative balance itself. Clause 4.5 says that after a forced close, compensation is credited to bring the balance back to zero, so a loss cannot follow you off the account. Clause 4.6 lets you demand the standard stop out level whatever your deposit, which most brokers do not offer. The Client Agreement, the Risk Notice and the Partner Agreement are all free to download before you register, and the Privacy, Return and Anti-Money Laundering policies are translated into Russian and Chinese rather than left in English. Deposits carry no broker fee, and an account is only archived for inactivity once it is close to empty, with no fee charged for being dormant.

We could not see what a withdrawal costs. Profiforex publishes the fee for each payment method, and the maximum withdrawal, only inside the client portal, which needs an account. The page its affiliate FAQ points to for ways of hiding a referral link needs an account too. No earlier version of any of these documents exists, so this is a first reading with nothing to compare against. The Client Agreement and the Partner Agreement both name profiforex.org as the official website; we read the copies published on profiforex.com and treated only that domain as this broker's. Profiforex's own Trading Conditions page and its Certificate page carry no content at all.

How to check any of this yourself

Every quote above links to the Profiforex file it came from. This is what to do with it.

Open the three stepsFind the words in the source, work out the fingerprint, and read what a difference does and does not prove.

Open the source and search for the words

Every quote has a link under it. Open the file, or the web page, and search it for the words we quote. The clause number next to the quote tells you where to look.

If the words are not there any more, the source may have changed after we read it. That is worth knowing too. We keep the date we read it, and a code worked out from its wording, so the quote stays checkable.

What a fingerprint is

A fingerprint is a code worked out from what a source says. Change one word and the code changes completely. We keep two codes for every file we read, and the panel on each source shows both.

The first is the code of the exact file we downloaded. The second is the code of its wording alone, with capital letters lowered and runs of spaces collapsed. When the same words are saved as a new file, the first code changes and the second one stays the same.

Only the first code can be worked out on your own computer. Save the file, then run one of these, putting the name of the file you saved where the example is. The panel on each source prints the command with that source's real file name already in it.

macOS or Linux:
  shasum -a 256 the-file-you-saved.pdf

Windows:
  certutil -hashfile the-file-you-saved.pdf SHA256

The two codes are different from each other, and they are not meant to match. Comparing one against the other proves nothing.

What a difference means, and what it does not

A different file code on its own proves nothing. A PDF saved again with a new date inside it is a new file saying exactly the same thing.

A different wording code means the words themselves changed. That is the one that matters, and it is why we keep it.

Even then, a change is not proof of bad faith. Companies update their documents. What this report says is what the document said on the day we read it, and every quote carries that date.

A source that is a web page and not a file has no file to save, so only the code of its wording is shown.

How this report is made

Every clause quoted above comes from a document Profiforex publishes on its own website, downloaded and hashed on the date shown, with the clause number and page recorded so any reader can check it. We do not allege anything the documents do not say, and we do not judge Profiforex on anything other than its own published terms and its own public marketing. Where a clause has a qualifier that softens it, the report says so. Last read Oct 8, 2026.

If you represent Profiforex and a clause has changed, been withdrawn, or is being read out of context, tell us and we will re-read the documents and update this page. Corrections from the broker are welcome and are published with the reading they change. Contact us.

This is a reading of a contract, not legal advice and not a ruling on Profiforex. Whether its licence is real and current is a separate check on the broker profile.

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