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Trading has always been a generous way to earn good money. However, success lies in making the right decisions consistently. For traders, the first-ever decision is to choose a reliable trading partner, and one such name on our list is PrimeFin. Today, we will analyze this broker’s services through our in-depth PrimeFin Review 2023.
The broker has been operating for over 3 years and has grown to its full potential. The exceptional services and the features of the platform have drawn the attention of millions of traders in such a short time. But the real question remains – Is it the best fit for your requirements? let’s find out!
Through this factual PrimeFin Review 2023, we will have in-depth insights into the platform’s services, regulations, fee structure and trading platforms to determine whether its services are up to the mark.
PrimeFin is a leading online forex, CFD, and cryptocurrency broker that offers traders a wide range of tradable assets across different markets. With PrimeFin, you can trade forex and CFDs on indices, stocks, commodities, cryptocurrencies, and more.
The company provides a user-friendly trading platform suitable for experienced and beginner traders. PrimeFin also offers a variety of account types and features to suit your trading needs.
The advantages of trading with PrimeFin include quick registration, non-stop control over the bids, instant access to 10,000 markets and a full market monitoring control.
PrimeFin is a legit broker, complying with the rules and regulations of top-tier financial regulators and the jurisdictions it serves in. Apart from regulations, there are many more reasons to trust PrimeFin; the major ones of them are listed below:
As per our in-depth PrimeFin Review 2023, it can be said that PrimeFin is legit and operates lawfully.
PrimeFin offers three different types of accounts that suit the need of every sort of trader.
The Silver Trading Account is a great place to start if you’re new to forex trading. It functions effectively and provides access to a large trading market while posing fewer risks.
When a trader has good experience in trading, they may upgrade to the Gold Account, which is ideal for investors with enough experience and who are willing to take bigger risks.
Those who use this account will have specific features created according to their needs, including:
With fast execution, low spreads, and no fees, the platinum account is suitable for experienced and high-volume Forex traders. Here are some features of this account type.
A Demo account may help traders learn more and can be quite beneficial to any Forex trader, especially when they are new, regardless of how much experience you have in the field of Forex trading.
A PrimeFin Demo account is an excellent approach to learning more about trading while also getting familiar with the broker’s platform. Many individuals believe that demo accounts were created to allow new traders to experience what Forex trading is actually like.
This account is extremely beneficial to both novices and professionals, even though it was not developed with them in mind. However, even the most seasoned traders may benefit significantly from demo accounts by trying new strategies and learning about the Broker’s real-world services.
The account opening process on PrimeFin is fully digital and straightforward. For a quick and hassle-free account opening procedure, follow the steps listed below:
The Broker offers to trade on over 350 assets across all major financial markets, including:
Trade CFD on 40+ currency pairs, including EUR/GBP, HKD/JPY, and other major currency pairings.
Cryptocurrencies such as Bitcoin, Litecoin, Ethereum, and many more can be traded on CFDs.
The platform allows CFD trading on global equities such as Amazon, Apple, Tesla, Walt Disney, etc.
Traders can trade on commodities like Sugar, crude oil, iron, etc.
Start trading CFDs on the most major indexes, including the DOW30, DAX30, and NASDAQ100.
As a commission-free broker, PrimeFin earns through spreads only. There are no other hidden charges except for spreads and inactivity fees, which are according to global industry standards.
Here’s a detailed PrimeFin Fee Structure:
When there have been no trades for more than 61 days, there are inactivity fees that may cost up to EUR 160.
Trading using high leverage increases a trader’s potential profit while simultaneously increasing the risk of losing money.
On the other hand, Primefin gives its traders maximum leverage of up to 1:500; however, you’ll need to prove your eligibility for the same.
Here’s an asset-wise leverage offering of the PrimeFin Broker:
To start trading with Primefin, a minimum deposit of $250 is required. The Broker does not charge fees on deposits, but withdrawals are charged to a conditional fee.
In this section of our PrimeFin Review 2022, we will discuss the trading platform offered by the Broker. Currently, the Broker offers two platforms for trading with advanced mobile apps.
MT 4 is one of the most reliant and advanced trading platforms. MT4 is well-known for its built-in features, such as high execution speed, trade execution modes and an analytical toolbox.
Features of MT4:
WebTrader is a trading platform that can be accessed through any web browser; you don’t need to download any additional software.
It resembles the MT4 Platform in appearance. Traders do not need to download any other software in order to use the WebTrader platform.
Features of WebTrader:
PrimeFin offers its own mobile application that allows you to trade anytime/anywhere, receive customized notifications on specific assets, execute orders quickly, and track price changes and speculation.
Features of PrimeFin Mobile App:
The Broker provides outstanding educational and research materials to its clients. The educational and research material is extremely useful for both rookie and experienced traders in understanding the basics and current events in the financial markets.
Traders can also learn about various trading strategies and approaches. The following is a list of the educational and research support available on PrimeFin:
PrimeFin offers a dedicated and award-winning customer service staff. The support team is well-educated and trained, and they respond quickly to inquiries. You may contact them via a variety of channels, including live chat, phone, and email.
Phone No: +44 1215120156
Email: [email protected]
Primefin is a market leader and service provider compared to other forex brokers. In our in-depth PrimeFin Review 2022, we found that the Broker provides a diverse set of trading products as well as a sophisticated trading platform.
The Broker is putting in a lot of effort to ensure that it can fulfill the demands of every trader on the market. Overall, Primefin can be termed as one of the best brokers on the market, with unrivaled safety and security features, and is highly recommended.
No, PrimeFin doesn’t offer Islamic accounts. The other account types available on PrimeFin are Silver, Gold, and Platinum.
PrimeFin offers commission-free trading to its users.
PrimeFin is regulated by Malaysia’s tier 1 financial regulator Labuan Financial Services Authority (LFSA).
No, PrimeFin doesn’t charge any fees on deposits. Check the Broker’s website for more details.
You can contact customer support through email([email protected]), call( +44 1215120156) and live chat.
PrimeFin offers the following tradable assets:
This is the second part of my review, will continue from where i left 2 weeks back. Last time i shared about the system/org faults, this time will share feedback about their so called Finance experts feedback.
1:- So called finance experts/Manager have no knowledge of market, they just know few companies and force you to buy only those as spread is higher on those so they earn more.
2:- They will partially share the GUI handling.
3:- Rude behaviour as if they are doing any favor to us. if you ask more questions they start shouting at you.
4:- Same problem faced with so called senior mangers as well.
Do let me know if anyone is intersted to know who were those So called experts and their managers.
Not at all trusted broker, used this broker for 3 months, Within 2-3 weeks time multiple issues faced, i am listing few of them here
1:- Couldn’t make payment, it took them 2 weeks time to resolve the issue.
2:- Server went down so you switch to another platform to access the account.
3:- All linked credit cards got hacked.
They boast as if they do any favor to you. but when you start raising issues you faced they simply cut the call, and sometimes start shouting. Stay away from them. Their team will keep convincing you of new things but execution of all that really sucks.
A good broker, with whom I periodically lost money, but in general I earned much more than I lost. The risk of losing money, in general, is always present, regardless of the broker, but PrimeFin has a pretty good set of trading tools.
Very well-thought-out professional platform without freezing in work, a fairly large percentage of transactions, and a very large selection of trading instruments.
Primefin is a legit platform and a great way to start trading. Commission-free trading and a very helpful support team.
Thank you Primefin you are such a great company and the best all my withdrawals were processed have been trading and withdrawing daily and have been receiving my withdrawals both profit and capital within a few hours am happy to thank you. I recommend the traders that they should follow the platform.
The broker is reliable, the platform is simple and trustworthy, and the platform is regulated by CySEC.
This broker is fast, has a wide range of assets available, and slowdowns when entering the market have been observed
Trusted company, a wide range of assets available. I can resolve the issue by contacting contact support within a short time, my withdrawal was successful.
Primefin is regulated by the Cyprus Securities Commission and is a fairly reputable institution. Personally, I was astonished by several trading instruments they have to offer with such low entry thresholds. After analyzing the spread, in the long term, the spread is more profitable for active trading, such as scalping.