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.
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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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:-
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.
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.
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.
|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|
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.
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.
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:
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:
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:
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.
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 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.
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.
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.
Traders can transfer funds in 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.