Forex Brokers

PrimeFin Review

1) Introduction: The leading firm Caps Solutions Ltd operates with the trading name PrimeFin in the financial market. PrimeFin is a well-regulated brokerage firm working under the guidelines of Labuan. Some of the company’s credentials are: 

  • The regulatory authority of PrimeFin: Labuan Financial Service Authority (LFSA) 
  • Registration number: 12734767
  • Official address: Unit B Lot 49, 1st Floor, Block F, Lazenda Warehouse 3 Jalan Ranca Labuan Malaysia

PrimeFin is specially designed around the core and simple idea which highly focuses on speed of trading assets. It helps investors in the best possible way to keep in pace with the dynamic and price shift of the market. It provides various benefits such as large control over the bids, instant trading over 10,000 markets, fast and simple registration and real-time data of the market.  regulation-review-PrimeFIn

2) Summary: 

The broker has an efficient team working round the clock to deliver the best services along with the fast market movement information. 

Trading features:

  • 1) Instant trade execution
  • 2) Fast deposit and withdrawals
  • 3) Cross-functional platform
  • 4) Trading apps supported on multiple devices
  • 5) Around 350 tradable assets
  • 6) Instant access to 10,000 market 
  • 7) Excellent customer support team 

Exciting and affordable trading range:

  • 1) Zero commission on trading 
  • 2) Minimum pip: 0.03
  • 3) Maximum leverage for starting a trade: 1:100

3) Types of account offered 

The next point in the PrimeFin review of 2020 is the types of accounts. The broker provides three customised accounts for your most unique trading style. It believes that the trading should be as fast as the blink of an eye and highly responsive to the global market shifts. The account types include the gold account, silver account and platinum account. Each of these accounts corresponds to your trading expertise, skills, ambitions and strategies. 

1) Gold account

Features of the Gold account 

  • Leverage for trading: 1:100
  • Discount on swaps up to twenty-five per cent 
  • Protects you from the trade risk (Hedging)
  • Account manager for solving trading related issues
  • Fifth decimal
  • Latest investment news
  • Base currencies available with the broker: AUD/USD, EUR/GBP, USD/CAD, USD/CHF/ NZD/USD, EUR/USD, USD/JPY, GBP/USD and some more. 

2) Platinum account

  • Leverage for trading: 1:100
  • Discount on swaps up to twenty-five per cent 
  • Protects you from the trade risk (Hedging)
  • Account manager for solving trading related issues
  • Fifth decimal
  • Latest investment news
  • Base currencies available with the broker: AUD/USD, EUR/GBP, USD/CAD, USD/CHF/ NZD/USD, EUR/USD, USD/JPY, GBP/USD and some more. 

3) Silver account 

  • Leverage for trading: 1:100
  • Protects you from the trade risk (Hedging)
  • Account manager for solving trading related issues
  • Latest investment news
  • Base currencies available with the broker: AUD/USD, EUR/GBP, USD/CAD, USD/CHF/ NZD/USD, EUR/USD, USD/JPY, GBP/USD and some more. 

4) Trading platform

PrimeFin has made trading simple for you by offering digital trading platforms which are compatible with both mobile and web browsers. You can access your trading account anytime from any place and can pursue trading on just one single click. The two basic options for trading with PrimeFin are advanced Web Trader and Mobile app. 

Key highlights of PrimeFin trading platform 

  • Dedicated customer support team with a live chat option 
  • Free availability of educational material 
  • Real-time account balance check
  • For comparing different assets, you can access multiple chart windows. 
  • Switch account in just one single click
  • Integrated platform support
  • Notification for price alerts
  • Automatic profit functions and stop-loss function 

1) Web Trader 

Below are some features of Web Trader 

  • Various execution modes: Customize your trading by selecting among some top variants, including four pending, two stop orders, four pending, and trailing stop functional and instant execution.
  • Trading on one single click: You can open or close your trading position on just one single click in your trading page. 
  • List of your past orders: You can instantly check all your bids and trades. Additionally, you can analyse the market shift, monitor your activity and can keep full track on your order and its market success. 
  • Analytical toolkit: You can get instant access to Japanese candlestick charts, Fibonacci retracement and several more without paying a single penny. 

2) Mobile app 

Below are some features of Mobile app

  • Trading on one single click: You can open or close your trading position on just one single click in your trading page. 
  • Nine different timeframes:  Nine different time frames allows you to grab the wide range of your bids. These include M30, M15, M5, M1, H4, H1, MN, W1, and D1. 
  • More than 60 tools for analysis: You can get instant access to Japanese candlestick charts, Fibonacci retracement and several more without paying a single penny. 
  • Instant notifications:  This feature brings out the latest price shifts, market movement or any events happening around in the financial market. 

5) Markets and Products for trading 

PrimeFin allows you to trade on a wide variety of assets from international markets. It includes:

PrimeFin-FX-broker-review

  • 1) Forex: Allows you to trade more than 40 currency pairs ranging from popular GPB/EUR to foreign HKD/JPY. 
  • 2) Cryptocurrency: You can trade popular cryptocurrencies through complex financial derivatives on PrimeFin. It includes Ethereum, Bitcoin, Litecoin and several other digital coins. 
  • 3) Commodity: Allows trading on more than 20 commodity assets including crude oil, sugar, iron ore etc. 
  • 4) Indices: One can trade indices through the complex financial derivative. It also includes some famous indices such as NASDAQ100, DAX30 and DOW30. 
  • 5) Stocks: Trading is available on top stocks such as Tesla, Apple, Boeing, Walt Disney etc. 
  • 6) Metals: It provides trading on three precious metals, including gold, silver and platinum. 

6) Account Opening 

The account opening with PrimeFin requires three simple steps:

1) Get yourself register by providing name and phone number

2) Upload the desired documents

3) The last step is depositing the amount for the chosen trade. 

7) Commissions and fee

The broker charges no commission fee, you just have to deposit the minimum amount of $250. 

8) Deposit and withdrawal 

PrimeFin offers various payment options listed below:

  • Skrill
  • Neteller
  • SafeCharge
  • MIR Limited
  • Wirecard
  • DECTA
  • SSL
  • Orangepay
  • Payvision
  • Trustly
  • PaySafe
  • VISA
  • Emerchant pay 
  • VPay
  • Mastercard
  • Maestro

The broker does not charge any amount on deposit whereas it charges a penalty fee or conditional fee on withdrawal. It takes 3 to 5 days in the process of withdrawal, and the process for deposit is instant. The broker may also charge a fixed amount in case your transactions are less or you are less active with your trade. 

9) Leverage

Maximum leverage on the tradable assets is 1:500

10) Is PrimeFin scam?

No PrimeFin is not a scam broker it is regulated by the Labuan Financial Service Authority (LFSA) with the registration number 12734767

11) Pros 

  • 1) Cross-platform trading available
  • 2) Offer high leverage
  • 3) High order execution speed 
  • 4) Dedicated customer support
  • 5) Real-time market analysis 24/5
  • 6) Advance platforms available such as Web Trader and Mobile app 
  • 7) Synchronised account
  • 8) Trading platforms compatible with all browsers 
  • 9) Low latency

12) Research

The research tools offered by the broker are: 

1) Economic calendar

2) Report session calendar 

13) Customer Service

PrimeFin has a dedicated customer support team operating Monday to Friday between 07:00 and 17:00. The methods through which you can connect with the executives are:

  • Email id: support@primefin.com
  • Telephone number: +44 1215120156
  • Live Chat Support: To resolve all the queries instantly. 
  • Contact Form: The last option for connecting with the customer support team is filling the contact form. 

14) Education: Platform Demo, Video and Tutorial

It requires a vast knowledge to grab the dynamics of the financial markets such as setting bids carefully, using the wide range of trading tools properly, deciding the market trends (bear or bull market), interpreting market fundamentals and price movements. PrimeFin is also an educational hub which provides the latest material on financial market fundamentals, tools, trading strategies and analytics. You can select any way from the following list to upgrade your financial knowledge. 

1) VODs

2) Tutorials

3) Articles

4) E-books

5) Courses 

15) Conclusion 

One should upgrade his trading standards with the time to catch the pace of the growing market. PrimeFin can serve you in this direction. Read carefully the PrimeFin Review provided above and visit the official website of the broker to open a trading account. 

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