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71% of retail investor accounts lose money, …
PrimeFin is a leading Forex and CFD brokerage platform, created with the core concept of providing speed and making trading forex accessible to all. In fact, the platform seems to be justifying its claims. Let’s take an in-depth look at the platform services through this detailed PrimeFin review 2023.
The brokerage firm offers to trade in 350+ tradable assets through its intuitive yet powerful trading platforms. Additionally, the company’s global presence speaks a lot about its reputation, which forced us to write a detailed review of PrimeFin broker.
This detailed PrimeFin review includes our findings, with the positive and negative aspects of using this platform. Additionally, we will review the PrimeFin fees and regulatory compliance and help you determine whether it is worth your money.
PrimeFin is CFD and Forex trader that offers to trade on all major financial markets. The brokerage platform operates under Caps Solutions UK Ltd and Caps Solutions Limited., a company registered in Labuan with registration no LL16622. The Primefin is a company controlled by the Qatari Sheikh Al Thani that entered the share capital of the English court in 2018.
Moreover, PrimeFin is the digital sponsor of the Argentine Football national team. The brokerage firm that manages millions of euros and large number of trading accounts also started its operations in India recently.
The forex broker climbed the market position quickly through its remarkable services such as a cross-functional platform, multi-device trading apps, Instant execution, quick withdrawal, top-class data security, and others. In addition, the broker is regulated and authorized by the Labuan Financial Service Authority (LFSA).
PrimeFin is a legit broker as it is well regulated and operates as per the rules and regulations of securities commissions such as MiFID of the EU. Primefin have closed an agreement by which the distribution company repurchases from Primefin half of its shareholding.
Here are some reasons why PrimeFin is not a scam:
Keeping these pointers in mind, it is clear that the broker works in a legitimate way and is not a scam. Thus, the PrimeFin is a name you can rely upon in the world of Forex. Continue reading this PrimeFin review to know more about the broker.
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The three different types of retail investor accounts include Silver, Gold, and Platinum. All these trading accounts offer various features for satisfying the need of every sort of trader.
In addition, a demo account option with similar features and environment as a live trading account is also offered by this forex broker.
A demo account is the best source for practising before moving on to a live account. It is usable for both beginners and professional traders. The broker provides a similar environment as a live trading account on the free demo trading account, which helps new forex traders to become friendly with live trading trends.
In addition, every trader can test the latest strategies on a demo account. In this account, the forex broker provides you with some virtual money for the execution of trades.
Traders can open an account with PrimeFin through five simple steps: Account, Information, Questionnaire, Document, and Deposit. The “Open Account” option is available on the right side of the broker’s website.
The first thing traders need to do is select the account with which they want to start trading. Then, follow the step-by-step instructions for opening an account with PrimeFin.
The broker offers trading opportunities in multiple asset classes including Forex, stocks, indices, cryptocurrencies, commodities, and precious metals.
The broker offers CFDs on 40+ currency pairs. Some of the popular currency pairs are EUR/GBP, HKD/JPY, etc.
Start trading CFDs on Bitcoin, Litecoin, Ethereum, and other cryptocurrencies.
Trade CFDs on worldwide stocks such as Boeing, Apple, Tesla, Walt Disney, and many more.
Start trading in the CFDs on sugar, crude oil, iron ore, etc.
CFDs trade on Gold, Silver, Platinum, & other precious metals
Trading CFDs on the most popular indices from DOW30, DAX30 to NASDAQ100.
The forex broker offers commission-free services to its clients. On the other hand, the platform provides competitive spreads which vary for each instrument.
The spreads on the platform may vary depending on three main factors: account types, assets you are trading, and economic conditions.
| Account Types | Spreads |
| Silver | Starts from 0.7 |
| Gold | 20 minimum spreads in points |
| Platinum | Starts from 0.3 |
The broker offers maximum leverage of 1:100 and minimum leverage of 1:2 for all three accounts.
Take a look at the leverage offered by the broker for various financial instruments:
| Assets | Maximum Leverage |
| Cryptocurrencies | 1:2 |
| Indices and Commodites | 1:25 |
| Stocks | 1:10 |
| Forex | 1:100 |
| Metal | 1:25 |
The minimum deposit is $250 for opening an account with PrimeFin. The brokers do not charge any withdrawal and deposition fees from clients.
There are so many other payment modes available on brokers’ websites for deposits and withdrawals. As per the broker’s rules and regulations, the withdrawal request is processed within three business days.
Major payment methods available for deposits and withdrawals:
PrimeFin mainly offers two types of platforms: Web Trader and MetaTrader4 (MT4). Let’s get into their details.
MetaTrader4 (MT4) is one of the most popular trading platforms because of its in-built features, high execution speed, different trade execution modes, analytical toolkit, and order history.
Traders can access this advanced trading platform through mobile, laptop, and PC. MetaTrader 4 supports both Android & iOS for exceptional trading services.
Traders can open this trading platform on any browser. It is the best suitable trading platform for forex trading and for other financial instruments also.
Key Features:
Traders can access worldwide markets from any device or browser without downloading any other application using Web Trader.
In addition, this Forex trading platform provides one-click trading options, advanced trading tools, different trade execution modes, an analytical toolkit, and a record of history.
Top Features:
PrimeFin has its own mobile application through which you can enjoy non-stop trading, customized notifications on specific assets, and high execution speed.
Key Features:
The PrimeFin website consists of multiple finance-related education materials such as trading articles, assets hubs, trade ideas, etc. With the help of all these educational materials, traders can improve their trading skills and strategy planning styles. Education material is helpful for both experienced and new traders.
Experienced traders can update their knowledge regarding new market trends through these materials, whereas new traders can learn strategies and market behaviour via these materials. You can get knowledge about trading forex and more.
PrimeFin provides various trading tools to traders to analyze and test their trading strategies to create a more practical trade. Economic Calendars and Reports Season Calendar are two excellent tools offered by the broker.
PrimeFin’s dedicated customer support team is available 24/5 from 07:00 to 17:00 GMT for traders’ help. Clients can also contact them through the “request form” available on the “Contact Us” page through the official website.
If you want to talk with the broker’s management team, you can contact them via the “Contact Management” option on the website’s homepage or under the contact us page.
On the basis of this unbiased and in-depth PrimeFin Review, it is no surprise to say that the broker offers the best-in-class and outstanding trading services. Overall, PrimeFin is one of the best forex brokers in the world.
The features such as commission-free trading, tight spreads, advanced trading platforms, and offering an extensive range of financial instruments are some of the plus points of trading with the broker.
Yes, the broker offers an advanced MT4 trading platform.
The broker is highly regulated and authorised by Labuan Financial Services Authority (LFSA). It offers exceptional trading services and conditions.
You can start your trading with a minimum deposit of $250.
The broker offers three types of trading accounts: Silver, Gold and Platinum. Read the detailed PrimeFin review for more information.
Traders can contact the support team through a phone call, live chat or email. The contact form is also available on the broker’s website. Here are the contact details of the broker:
Traders can transfer funds to the broker’s account through various payment methods. Some of the payment methods available on the broker website are:
Investors can get a demo trading account through the broker’s website. The broker provides virtual money in a demo account for practising trading. Professional and new traders can use a demo account to test their trading skills and strategies.
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