PrimeFin

PrimeFin Review
Positive
Neutral
Negative

4.9

4.9/5
PrimeFin Review

4.9

4.9/5
Positive
Neutral
Negative

PrimeFin Experience and Test 2021

71% of retail investor accounts lose money, …

LFSA

Regulation

MB/20/0052

License

Customer Support

PrimeFin Review

PrimeFin

4.9

4.9/5
PrimeFin Review

PrimeFin

4.9

4.9/5

Overview

The forex market is one of the rapidly developing and highly demanding markets of the modern era. Cap Solutions Ltd. offers its trading services under the domain name of PrimeFin.com. Its core concept is to provide speedy trading to clients. The broker provides more than 350 tradable assets like forex, cryptocurrency, stocks, commodities, indices, and precious metals. Besides, it opens the doors of 10,000 markets for traders to trade. Below will see the unbiased PrimeFin review based on various parameters.

PrimeFin climbed the market position quickly through its remarkable services such as cross-functional platform, multi-device trading apps, Instant execution, quick withdrawal, top-class data security and others. In addition, the broker is regulated and authorised by the Labuan Financial Service Authority (LFSA). 

The broker offers commission-free services to its clients with maximum leverage of 1:100 and tight spreads of 0.03. The PrimeFin customer support team is available 24/5 for customers’ help. The broker uses firewalls and SSL software for providing a high level of security to clients. 

Is PrimeFin Review Scam: Regulations

PrimeFin is a brand name of Caps Solutions Ltd. The brokerage is authorised and regulated by the Labuan Financial Service Authority (LFSA) with the license number MB/20/0052. The registration number of the company is LL16622.

The owner company, Cap Solution UK Ltd, is situated at Almack House 26-28 King Street, London, England (UK) and plays the payment processor for the PrimeFin.The holding firm is registered with license number 12734767.  

The broker is a member of the Investors Compensation Funds (ICF). PrimeFin operates as per the rules and regulations of securities commissions such as MiFID of the EU and keeps clients money in segregated bank accounts for security purposes. In addition, the broker provides a high level of security to their clients through firewall & SSL software. So, PrimeFin is a legit broker for trading.

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PrimeFin Review
4.9
4.9/5

Our recommendation: Trading at PrimeFin

  • Fifth decimal available 
  • Spreads begin from 0.03 pips
  • Commission is zero  
  • Full 10-hour support  
  • News alerts and VPS for traders

Advantages and disadvantages of PrimeFin

  • Highly Regulated
  • 300+ Trading Instruments
  • User-friendly Trading Platform
  • 24/7 Dedicated Customer Support
  • Advanced Educational Support

 

  • MT5 Absent

 

PrimeFin Review Trading Account Types

The three different types of accounts available are: Silver, Gold, and Platinum. All these accounts consist of various features for satisfying the requirements of different clients. In addition, a demo account option with similar features and environment as a live trading account is also offered by the broker. Overview of all accounts:- 

Silver Account

  • 350+ financial assets
  • Spreads begin from: 0.07
  • Minimum deposit: $250
  • Maximum Leverage: 1:100
  • Zero Withdrawal & Deposit Commission
  • Hedging
  • FX Leverage: 1:100
  • Dedicated Account manager
  • Customised investment news
  • Access to educational material 
  • Available base currencies: USD/JPY, AUD/USD, USD/CHF, EUR/USD,USD/CAD, NZD/USD, EUR/GBP, GBP/USD

Gold Account

  • 350+ financial assets
  • Spreads begin from:20 points.
  • Maximum Leverage: 1:100
  • Minimum deposit: $250
  • Customised investment news
  • Access to educational material 
  • Zero Withdrawal & Deposit Commission
  • Hedging
  • FX Leverage: 1:100
  • Free VPS
  • Fifth Decimal 
  • Swap Discount: 25%
  • Dedicated Account manager
  • Available base currencies: USD/JPY, AUD/USD, USD/CHF, EUR/USD,USD/CAD, NZD/USD, EUR/GBP, GBP/USD

Platinum Account

  • Minimum deposit: $100: 
  • 350+ financial assets
  • Spreads begin from: 0.03
  • Maximum Leverage: 1:100
  • Zero Withdrawal & Deposit Commission
  • No deposit limit
  • Hedging
  • FX Leverage: 1:100
  • Free VPS
  • Fifth Decimal 
  • Swap Discount: 50%
  • Execution model
  • Dedicated Account manager
  • Customized investment news
  • Access to educational material 
  • Available base currencies: USD/JPY, AUD/USD, USD/CHF, EUR/USD,USD/CAD, NZD/USD, EUR/GBP, GBP/USD

Demo Account

A demo account is the best source for practising before moving on to live trade. It is usable for both beginners and professional traders. The broker provides a similar environment as a live account on the demo account, which helps new 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 broker provides you with some virtual money for the execution of trades.  

PrimeFin Review Account Opening

Traders can open an account on the PrimeFin broker via five simple steps: Account, Information, Questionnaire, Document, Deposit. The “Open Account” option is available on the right side of the broker’s website. Traders can also switch to the account opening page through the link available under the accounts details page. 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 on the broker platform. 

  • On the first page: traders need to fill in their personal details such as first name, last name, email address, country code, phone number, and password. After filling in these details, click on the create account button. 
  • On the second page: Traders have to fill in information related to their trading requirements and account type. Now click on the submit button, and you will jump onto the next page. 
  • The third page consists of questions related to your previous trading experience. Fill in all the information appropriately before switching onto the document page. 
  • Now submit your documents as per the instructions mentioned on the website page.
  • The last step is to submit a minimum deposit as per your selected account. The minimum deposit is $250.
PrimeFin Review
4.9
4.9/5

Our recommendation: Trading at PrimeFin

  • Fifth decimal available 
  • Spreads begin from 0.03 pips
  • Commission is zero  
  • Full 10-hour support  
  • News alerts and VPS for traders

PrimeFin Review: Trading Instruments

  • Forex: CFDs on 40+ currency pairs. Some of the popular currency pairs are EUR/GBP,  HKD/JPY etc. 
  • Cryptocurrency: CFDs on Bitcoin, Litecoin, Ethereum, and other cryptocurrencies.
  • Shares: CFDs on worldwide stocks such as Boeing, Apple, Tesla, Walt Disney, and many more.
  • Commodities: CFDs trading on sugar, crude oil, iron ore, etc. 
  • Metal: CFDs trading on Gold, Silver, Platinum, & other precious metals
  • Indices : CFDs on most popular indices from DOW30, DAX30 to NASDAQ100. 

PrimeFin Review: Commissions and Spreads

The broker offers commission-free services to its clients. PrimeFin provides competitive spreads which vary for each instrument. Spreads depend upon three main factors: account types, assets you are trading, and economic conditions. 

The minimum spread in points for the Silver Account is 30, and the maximum spread is 600. The maximum spread in points for the Gold account is 550, and the minimum spread is 25 points. Platinum account minimum spread in points is 20, and the maximum spread is 500 points.

Providers PrimeFin
Swap charges Clients get 50 per cent discount
Spreads The minimum spread is 0.03 pips
Deposit commission Not applicable
Currency conversion Need to pay fees

PrimeFin Review Leverage

The broker provides maximum leverage of 1:100 and minimum leverage of 1:2 for all three accounts PrimeFin offers high leverage to their traders but must keep this in mind because of high leverage, and many traders will lose money rapidly. Check here instruments view leverage for all three accounts.

  • Forex: 1:100
  • Metals: 1:25
  • Indices: 1:25
  • Commodities: 1:25
  • Stocks: 1:10
  • Cryptocurrencies: 1:2 

PrimeFin Review Deposit and Withdrawal

The minimum deposit is $250 for opening an account on the broker’s website. The brokers do not charge any withdrawal and deposition fees from clients. 

There are so many other payment modes available at brokers’ websites for withdrawal. As per the broker’s rules and regulations, the withdrawal request processes within three business days.

Mode of payment available on PrimeFin website.

  • Skrill
  • Neteller
  • Wirecard
  • MIR Limited
  • Orange pay
  • DELTA
  • SafeCharge
  • SSL
  • Trustly

PrimeFin Broker Review Trading Platform

MetaTrader 4

MetaTrader4 (MT4) is one of the most popular trading platforms. It is famous for its in-built features, high execution speed, different trade execution modes, analytical toolkit, and orders history. Traders can access this platform through mobile, laptop, and PC. MetaTrader 4 trading platform supports both Android & iOS. Traders can open this trading platform on any browser. 

Key features of the MT4 trading platform are:

  • Multiple chart windows 
  • Automatic Stop Loss/Take profit functions
  • Real-time balance level
  • In-platform costs alerts
  • Free educational hub
  • One-click account switching
  • Inherent platform support
  • Live chat and dedicated customer support.

WebTrader

Traders can access worldwide markets from any device or browser without downloading any other application. In addition, WebTrader provides one-click trading options, different trade execution modes, an analytical toolkit, and a record of history. 

Some essential features of WebTrader are:

  • Automatic Stop Loss/Take Profit functions
  • Multiple chart windows 
  • Free educational hub
  • One-click account switching
  • Inherent platform support
  • Real-time balance level
  • In-platform costs alerts
  • Live chat and dedicated customer support.

Company Details

Assets

  • Forex 40+
  • Metals
  • Commodities
  • Stocks
  • Indices
  • Cryptocurrencies

 

Basic

  • Country: Labuan
  • License: MB/20/0052
  • Regulations: LFSA

 

Customer Service

  • Phone number: +44 1215120156
  • Live Chat

 

PrimeFin Review
4.9
4.9/5

Our recommendation: Trading at PrimeFin

  • Fifth decimal available 
  • Spreads begin from 0.03 pips
  • Commission is zero  
  • Full 10-hour support  
  • News alerts and VPS for traders

PrimeFin Review Mobile Application 

PrimeFin has its own mobile application through which you can enjoy non-stop trading, Customized notifications on specific assets, high execution speed, and price change and speculation.

Key features of PrimeFin Mobile App are:

  • High-frequency trading
  • Real-time balance level
  • 1-click account switching
  • Convenient sweep & trade user experience
  • Live chat and multilingual support.
  • Automatic Stop Loss/Take Profit functions
  • In-platform price alerts
  • Free educational hub

PrimeFin Review: Educational and Research Support

Educational Material 

The broker’s website consists of multiple finance-related education materials such as trading articles, assets hub, 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. 

Research Support

PrimeFin provides various trading tools to analyse 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. 

Economic Calendars are used for tracking challenging financial events. 

PrimeFin Review: Customer Support

PrimeFin customer support 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. There are three modes of constant modes provided by brokers such as email, phone call, and Live chat support. If you want to talk with PrimeFin management terms, you can contact them via the “Contact Management” option on the website’s homepage or under the contact us page. 

  • Address: Almack House 26-28 King Street, London, England (UK)
  • Phone Call:+44 1215120156 +27 418800785 +66 25060038 
  • Email: [email protected]EFIN.COM

Final Verdict

PrimeFin is an online trading brokerage firm that offers trading over 350+ financial instruments. The broker is authorised by the Labuan Financial Service Authority (LFSA). PrimeFin is the brand name of Cap Solutions Ltd. The provider offers three types of accounts: Silver, Gold, and Platinum. The broker offers high leverage and remarkable spreads. Clients can enjoy a commission-free trading service on PrimeFin. This brokerage firm does not charge any fees for deposition and withdrawal from clients.

FAQs

yes the broker offers advanced MT4 trading platform.

The broker is highly regulated and authorised by LFSA. It offers exceptional trading services and conditions

You can start your trading with minimum deposit of $250

The broker offers three type of trading account.

Traders can contact the PrimeFin support team through a phone call, live chat or email. Contact form is also available on the broker’s website. Their headquarter is situated in London, UK. Check here the contact details of PrimeFin brokerage.

  • Live Chat
  • Address: Almack House 26-28 King Street, London, England (UK)
  • Phone Call:+44 1215120156 +27 418800785 +66 25060038 
  • Email: [email protected]

Traders can transfer funds in the broker’s account through various payment methods. Some of the payment methods available on the broker website are: 

  • Skrill
  • Neteller
  • Wirecard
  • Payvision
  • Paysafe
  • VISA
  • merchant pay
  • Vray
  • MIR Limited
  • Orange pay
  • DELTA
  • SafeCharge
  • SSL
  • Trustly
  • Mastercard
  • Maestro

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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