PrimeFin is a reputable broker that enables trading on more than 350 different assets. The broker is relatively young among the forex brokers, but it is still performing admirably in the financial sector. Caps Solutions Ltd, a Labuan-based company with the registration number LL 16622, regulates the broker.
With the license number MB/20/0052, this forex broker is linked with the Labuan Financial Services Authority, LFSA. Unit B Lot 49 1st Floor Block F Lazenda Warehouse 3 Jalan Ranca-Ranca 87000 FT Labuan, Malaysia is where the company’s headquarters are located.
The forex broker adheres to all securities commission rules and regulations, such as the EU’s MiFID. Investors Compensation Funds is a member of the broker (ICF). For the protection of client data, modern tools such as firewalls and SSL software are employed. The client’s monies are kept in segregated bank accounts by the broker.
Advantages
- Provide 350+ financial instruments for trading
- Well equipped trading platform
- Regulated broker
- MT4 trading platform is available
- Trading platforms are accessible to all types of browsers
- Good customer support services
Disadvantages
- MT 5 trading platform
Types of Trading accounts does PrimeFin Provide
For regular and professional traders, the broker offers three different types of accounts. To open an account, you must make a $250 deposit. Clients must first determine what type of traders they are.
- Platinum Account
- Gold Account
- Silver Account
- Demo Account
They can choose Platinum accounts if they are skilled traders, but Gold or Silver accounts are the ideal alternative for novices and moderate traders. Beginners can use the Demo Account option as well.
With the use of a demo account, clients can enhance their trading skills. The broker generates the same live trading account atmosphere on identical facilities and platforms. With a free trial account here, you will find detailed information about all of the accounts.
Which Trading Platforms are available to Traders?
The MT4 platform is accessible in a Web trader and a smartphone version from the forex broker. The MT 4 platform is a renowned forex trading platform that is well-known for its trading capabilities.
Multi-asset trading platforms include soft commodities, crypto trading, precious metals, currency pairs, and other tradeable assets in addition to forex.
- MT4 platform
- WebTrader Platform
Does PrimeFin provide mobile Trading?
Yes, the broker trading platform is also built on a Mobile App and a WebTrader. The PrimeFin app is accessible for both iOS and Android devices, and it is very easy functional. PrimeFin does not provide a Demo account.
How much Commission and Fees are charged and Leverage provided by the Broker?
- The broker provides commission-free trading with a little switch fee.
- The spreads are varied and vary depending on the type of asset trading account. The spreads start at 0.03 and go up from there. In addition, the broker provides swap fee savings.
- The maximum leverage offered by the PrimeFin is 1:500. On the other hand, the leverage varies depending on the trading account and the trading instruments used.
Conclusion
This was an unbiased PrimeFin evaluation that looked at a variety of factors. The broker provides outstanding trading services and conditions.
Traders can trade CFDs on more than 300 tradable instruments from a variety of financial markets, including forex, commodity trading, stock trading, cryptocurrency trading, indices trading, and so on.
It has three different account types that all offer commission-free trading. Spreads start at 0.03 pips, with swap charges discounted. In addition, traders can use the advanced trading platform MetaTrader4 to trade.
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