PrimeFin Review 2021: Legit Forex PrimeFin Broker

FinanceFeeds Editorial Team

PrimeFin Review 2021

PrimeFin is a legit broker that offers its trading service over more than 350 assets. The broker is quite new in the bunch of forex brokers still performing very well in the financial market. The broker is regulated by Caps Solutions Ltd which is registered in Labuan with the registration number LL 16622. This forex broker is affiliated with the Labuan Financial Services Authority, well known as LFSA with the license number MB/20/0052. The headquarter of the company is situated in Unit B Lot 49 1st Floor Block F Lazenda Warehouse 3 Jalan Ranca-Ranca 87000 FT Labuan, Malaysia.

The broker’s main target is the Asian market. The forex broker mentioned several times that they are putting their all efforts into providing world-class services to their users. The broker provides segregated bank accounts to their clients for keeping their funds. The broker keeps the client’s funds in the top bank’s accounts which provides high security and safety. The broker offers commission-free trading services to their clients.

The broker has provided maximum leverage of 1:100 to their traders. Minimum pips of 0.03 are offered by the broker. A dedicated support team is also available for trader’s help. The broker uses Firewalls and SSL  software for protecting client’s funds. A good range of educational material is available such as trading-related articles, VODs, Courses, Tutorials, E-book, Economic calendars. For further more details read PrimeFin Review 2021 from the below article.

PrimeFin Pros and Cons:

Pros

  • More than 350 financial instruments
  • Advance Trading platform
  • Regulated broker
  • Cross-platform trading available
  • Easy & Fast registration process
  • Full control over bids
  • instant access to the market
  • Very less latency
  • Offer high leverage
  • Strong data encryption
  • Trading platforms are accessible to all browser
  • Customer Support 24/5

Cons

  • MetaTrader 5 platform no available
  • Slow Customer Support response

Is PrimeFin Scam? Regulations

Caps Solutions UK Ltd providing its online trading service under the domain name PrimeFin. The broker is the legit fx broker which allows 24/7 trading on its platform. broker is one of the best forex brokers which is located in London, England. The broker is registered from the Labuan Financial Service Authority (LFSA) in Malaysia with the license number MB/20/0052.

The forex broker follows all the rules and regulations of the securities commissions such as MFiD of the EU. The broker is a member of the Investors Compensation Funds (ICF). Modern software are used such as Firewall and SSL software for protecting client’s data. The broker keeps the client’s funds in segregated bank accounts.

Thus the PrimeFin is the most trusted name in the world of forex. You can safely start your trading journey with the broker.

PrimeFin Trading Accounts Types

The broker has three different types of accounts for retail and professional traders such as Platinum, Gold, & Silver trading account. The minimum deposit is $250 for opening an account. First clients need to know what type of traders they are. If they are professional traders they can go with Platinum accounts but for beginners and moderate traders, Gold or Silver accounts are the best option. The Demo Account option is also available for beginners. Clients can improve their trading skills with the help of a demo account. The broker creates the same live trading account atmosphere on similar facilities and platforms. demo account with the Here we are providing you complete details about all the accounts.

Silver Account

  • Hedging
  • FX Leverage: 1:100
  • Dedicated account manager
  • Customized Investment news
  • Available currencies-EUR/USD, GBP/USD USD/JPY, AUD/USD, USD/CHF, USD/CAD, NZD/USD, EUR/GBP, and more.

Gold Account

  • Hedging
  • FX Leverage: 1:100
  • Dedicated account manager
  • Customized Investment news
  • Free VPS
  • Fifth decimal
  • Swap Discount
  • Available currencies-EUR/USD, GBP/USD USD/JPY, AUD/USD, USD/CHF, USD/CAD, NZD/USD, EUR/GBP, and more.

Platinum Account

  • Hedging
  • FX Leverage: 1:100
  • Dedicated account manager
  • Customized Investment news
  • Free VPS
  • Fifth decimal
  • Swap Discount
  • Available currencies-EUR/USD, GBP/USD USD/JPY, AUD/USD, USD/CHF, USD/CAD, NZD/USD, EUR/GBP, and more.

Demo Account

Traders must practice their trading strategies on the Demo account before applying on the live trading account. A Demo Account is the best option for beginners. The broker offering 350 + trading assets such as commodities, CFDs, cryptocurrencies, and many more. Trading CFDs consists of a high risk of losing money. FX broker does not offer an Islamic account. 24/7 fx trading facilities are available. Read this article for a complete Review of PrimeFin

PrimeFin Account Opening

The forex broker offers three types of accounts from which traders need to select one. The account opening procedure consists of five levels such as personal details, information, Questionnaire, Deposit, and Documents verification. Follow these given below step for a quick and smooth account opening process. The “Open Account” option is available on the right side of the website.

  • Click on the “open account” option available on the homepage of a website.
  • When you click on the option, the new page will open on your PC screen.
  • Enter your personal details such as First name, last name, email address, country code, phone number, and password. Now click on the submit button.
  • The page will automatically move on to the next step which consists of information related to account type, instruments, and many more other details. After completing this the page move on to the third step.
  • The third page consists of a questionnaire related to trading. Investors need to answer all these questions properly. After this fourth page will open in front of you.
  • The fourth page is a deposition page, Trader need to submit a minimum deposit which is $250 before moving into the final step.
  • In the last step, traders need to submit their identity verification documents as per their broker guidelines.
  • Now traders can start trading with the features of their selected account.

PrimeFin Trading Platform

The forex broker offers Web trader and mobile version of the MetaTrader 4 platform. MT 4 platform is one of the most popular forex trading platforms which is famous for its trading tools. The multi-asset trading platform is one that offers various tradeable assets more than forex such as soft commodities, crypto trading, precious metals, currency pairs, etc Traders can access one from WebTrader and MT 4 platform. MT 4 and WebTrader both platforms are developed by MetaQuotes. Both are very good on their places.

MetaTrader 4 Trading Platform

MT 4 is one of the most favourable trading platforms for Forex traders. This platform is famous for its inbuilt features such as High execution speed, different trade execution modes, analytical toolkit, and history of orders.

Key Features of MT 4 trading platform

  • Multiple chart windows to compare various assets.
  • Real-time balance level
  • Automatic Stop Loss/Take profit Function.
  • In-platform price alert
  • 1-click account switching
  • Inherent platform support
  • Live chat and dedicated support
  • Free educational hub.

WebTrader Platform

The WebTrader is a browser-based trading platform. Traders can access this trading platform from any browser. It looks similar to the MT4 platform. Traders don’t require to download any other additional software for accessing the WebTrader platform. Some features of the WebTrader platform are a one-click trading option, multiple chart windows for comparing assets, and an automatic Stop Loss/Take profit function.

PrimeFin Trading Instruments

The broker offers the ability to trade in a huge trading market. Around 10,000 markets are provided by the broker with more than 350 tradeable assets such as precious metals, indices, commodities, cryptocurrency, currency pairs, etc. PrimeFin is a global brokerage firm that offers a forex trading platform and mobile trading facilities to its users. PrimeFin fx broker review  2021 complete instrumental details are available below.

  • Forex
  • Stock
  • Indices
  • Commodities
  • Precious Metals
  • Cryptocurrencies

PrimeFin Commission & Spreads

The broker offers commission-free trading with slightly swap charges payable. The spreads are variable and are different for every assets trading account type. The spreads start as low as 0.03. In addition, the broker offers a discount on swap charges.

A currency conversion fee will be applied to convert the currency into the base currency of your account. The broker’s mechanism of charging currency conversion fees is like other currency conversion processes under banks and financial institutions as they convert the denomination in currency. The fee is commonly applied for definite reasons.

Apart from this, the broker also charges inactivity fees if there is no trading activity in the account for more than 90 days.

PrimeFin Leverage

The broker offers maximum leverage of 1:500. However, the leverage changes as per the different trading account and trading instruments.

PrimeFin Deposit and Withdrawal

The broker offers multiple payment methods for deposits and withdrawals. In addition, the deposits and withdrawals are commission-free.  The Order processing times vary as per the chosen payment method, and it can take up to a max of 3-4 working days. The payment options are as follows:

  • Skrill
  • Neteller
  • SafeCharge
  • Wirecard
  • Orange pay
  • Payvision
  • Trustly
  • PaySafe
  • VISA
  • VPay
  • Mastercard
  • Maestro

The broker offers eight base currency options and a minimum deposit of $250 is required to start your trading journey.

PrimeFin Educational and Research Support

The broker offers exceptional and advanced educational and research material. The educational and research material is quite beneficial for novice traders and professional traders to understand the different dynamics and latest updates about the financial markets. In addition, traders can learn about different trading strategies and methods. The available material is as follows:

  • Articles
  • VOD
  • Ebooks
  • Webinars
  • Seminars
  • Economic Calendar
  • Seasoned Calendar
  • Daily News

 

PrimeFin Customer Support

Customer support is an important part of any business. The broker has an award-winning and dedicated customer support team. The team is well educated and trained that solve the queries instantly. You can connect with them through many different methods like live chat, telephone, Email.

Contact Details:

 

Final Verdict:

This was the unbiased PrimeFin review based on different aspects. The broker offers exceptional trading services and trading conditions. Traders get the ability to trade CFDs on more than 300+ tradable instruments from various financial markets including forex trading, commodity trading, stock trading, crypto trading, indices trading, etc. It offers commission-free trading through three core account types. Spreads start as low as 0.03 pips and discounts on swap charges. Traders get the ability to trade on the advanced trading platform MetaTrader4. The platform comes with advanced trading tools and features.  Most importantly the PrimeFin is a highly regulated and authorised brokerage firm. It is regulated by the Labuan Financial Service Authority (LFSA) in Malaysia with the license number MB/20/0052. You can start your trading journey confidently with PrimeFin.

FAQs

Does PrimeFin offer a MetaTrader Trading Platform?

Yes, the broker offers an MT4 trading platform.

What is the Minimum Deposit at PrimeFin?

A minimum deposit of $250 is required to open an account.

What is the Maximum Leverage at PrimeFin?

The broker offers 1:500 of maximum leverage.

Is PrimeFin Good Broker?

The broker offers exceptional trading services on a wide range of tradable instruments. The trading platform is advanced and comes with the latest trading features. The brokerage firm is a trusted and safest heaven for all types of traders.

Read this next

Inside View

Crypto Liquidity Providers: No Transaction, No Party!

One of the most integral parts of trading cryptocurrencies is ensuring seamless transactions; however, this is not always easy when you first start using cryptocurrency exchanges.

Digital Assets

Niftables launches white label NFT platform for content creators and brands

Niftables is the go-to platform for brands and creators looking to realize their NFT vision — whether they’re an individual or the biggest entertainment company in the world.

Retail FX

ACY Securities sponsors Table Tennis NSW as CFD broker bets in Australia’s youngest

ACY Securities has partnered with Table Tennis New South Wales (TTNSW) for a two-year sponsorship agreement intended to highlight the Chatswood-based multi-asset CFD broker’s brand in Australia, with a focus on the southeastern state.

Executive Moves

Peter Hetherington appointed CEO of Capital.com, Currency.com, and Shares.com

With his extensive experience driving strategy and growth for leading wealth and brokerage firms in highly regulated markets, Peter is the ideal CEO to lead the Group on its next chapter of growth and success.”

Digital Assets

Crypto platform Elwood raises $70m from Goldman Sachs, Dawn, Barclays, BlockFi, Flow, Galaxy, more

Elwood Technologies has closed a $70 million Series A funding round co-led by Europe’s largest B2B investor Dawn Capital and global investment bank, Goldman Sachs.

Industry News

Wilshire to launch Climate Change 1.5℃ Target Index with Nikkei and Hang Seng

Wilshire has announced a collective launch with Nikkei and Hang Seng to bring to market the first in a series of indexes empowering investors to transition their investments towards a low-carbon and climate resilient economy.

Industry News

Anne Boden’s Starling Bank bets big on UEFA Women’s EURO 2022 tournament

Starling Bank has launched a campaign ahead of the UEFA Women’s EURO 2022 tournament as part of its national sponsorship, the biggest ever for the bank.

Industry News

Older adults flock to financial apps as Revolut reports 215% more UK users aged 55-74 since pandemic

Data has also shown that older adults are back to travelling as the 55-64 UK age group has seen a tenfold increase in the amount spent in foreign countries over the past two years, and the 64-75 age group isn’t far behind with an 840% increase.

Industry News

Ripple replies to SEC’s last attempt and “shoves it down their throats pretty hard”

“The SEC really messed that up. How can Hinman receive legal advice from SEC lawyers for a personal opinion?”, attorney Hogan commented.

<