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PrimeFin

PrimeFin Review
Positive
Neutral
Negative

4.9

4.9/5
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PrimeFin Review

4.9

4.9/5
Positive
Neutral
Negative

PrimeFin Experience and Test 2022

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

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.

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.

What Is PrimeFin?

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 trustpilot

Is PrimeFin Legit? Must Read 

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:

  • The broker operates under Caps Solutions Limited, a company registered with reg no LL16622.
  • Well regulated by the Labuan Financial Services Authority (LFSA) with the license number MB/20/0052.
  • Member of the Investors Compensation Funds (ICF).
  • Keeps clients’ money in segregated bank accounts for security purposes.
  • Caps UK Ltd works as a payment processor on behalf of Caps solutions ltd.
  • Operates head office at Unit B Lot 49 1st Floor Block F Lazenda Warehouse 3 Jalan Ranca-Ranca 87000 FT Labuan, Malaysia.

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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PrimeFin Review
4.9
4.9/5

Our recommendation: Trading at PrimeFin

  • 24/5 Customer Support
  • Low Spreads start from 0.03 pips
  • Zero Commission  
  • Intuitive Interface
  • News Alerts and VPS for Traders

Advantages and disadvantages of PrimeFin

  • Highly Regulated
  • 300+ Trading Instruments
  • Segregated bank accounts
  • User-friendly Platform
  • 24/7 Dedicated Customer Support
  • Advanced Educational Support
  • MT5 Absent

 

Trading Account Types

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.

Silver 

  • 350+ financial assets available
  • Spreads begin from: 0.07
  • Minimum deposit: $250
  • Maximum Leverage: 1:100
  • Zero Withdrawal & Deposit Commission
  • Hedging
  • 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

Gold 

  • 350+ financial assets
  • Spreads begin from:20 points.
  • Maximum Leverage: 1:100
  • Minimum deposit: $250
  • Customized investment news
  • Access to educational material
  • Zero Withdrawal & Deposit Commission
  • Hedging
  • 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 

  • Minimum deposit: $100:
  • 350+ financial assets
  • Spreads begin from: 0.03
  • Maximum Leverage: 1:100
  • Zero Withdrawal & Deposit Commission
  • No deposit limit
  • Hedging
  • 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 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.

How To Open A Trading Account?

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.

  • Click on the ‘Open Account’ button and fill out details such as first name, last name, email address, country code, phone number, and password. After filling in these details, click on ‘Create An Account’ button.
  • Now, traders have to fill in information related to their trading requirements and account type. 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 the information appropriately before switching to the document page.
  • Now submit your documents for verification as per the instructions mentioned on website.
  • The last step is to add funds with a minimum deposit requirement as per your selected account and start trading.
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PrimeFin Review
4.9
4.9/5

Our recommendation: Trading at PrimeFin

  • 24/5 Customer Support
  • Low Spreads start from 0.03 pips
  • Zero Commission  
  • Intuitive Interface
  • News Alerts and VPS for Traders

Major Trading Markets & Instruments

The broker offers trading opportunities in multiple asset classes including Forex, stocks, indices, cryptocurrencies, commodities, and precious metals.

Forex Trading:

The broker offers CFDs on 40+ currency pairs. Some of the popular currency pairs are EUR/GBP, HKD/JPY, etc.

Cryptocurrency Trading:

Start trading CFDs on Bitcoin, Litecoin, Ethereum, and other cryptocurrencies.

Stock Trading:

Trade CFDs on worldwide stocks such as Boeing, Apple, Tesla, Walt Disney, and many more.

Commodity Trading:

Start trading in the CFDs on sugar, crude oil, iron ore, etc.

Metal Trading:

CFDs trade on Gold, Silver, Platinum, & other precious metals

Index Trading:

Trading CFDs on the most popular indices from DOW30, DAX30 to NASDAQ100.

Fees, Commissions, and Spreads

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

Leverage

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

Deposit and Withdrawal

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:

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

Trading Platforms

PrimeFin mainly offers two types of platforms: Web Trader and MetaTrader4 (MT4). Let’s get into their details.

MetaTrader 4

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:

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

WebTrader

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:

  • Automatic Stop Loss/Take Profit functions
  • Multiple chart windows
  • Free educational hub
  • One-click account switching
  • Intuitive 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

 

recommended_ribbon_new.svg
PrimeFin Review
4.9
4.9/5

Our recommendation: Trading at PrimeFin

  • 24/5 Customer Support
  • Low Spreads start from 0.03 pips
  • Zero Commission  
  • Intuitive Interface
  • News Alerts and VPS for Traders

Mobile Application 

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:

  • High-frequency trading
  • Real-time balance level
  • One-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

Educational and Research Support

Educational Material 

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.

Research Support

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.

Customer Support

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.

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

Final Verdict

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.

FAQs

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:

  • 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 to 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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