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PrimeFin Review

primefin
primefin

PrimeFin Review

71% of retail investor accounts lose money, …

primefin

PrimeFin

4.3
Rated 4.3 out of 5

Overview

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 Review 2023: Who Is PrimeFin?

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.

Is PrimeFin Scam Or Legit? 

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: 

  • Malaysia’s tier 1 financial regulator ‘Labuan Financial Services Authority (LFSA)’ oversees the activities conducted by the platform.
  • The Broker complies with all securities commission laws, such as the EU’s MiFID, and is a member of the Investors Compensation Funds (ICF).
  • The platform operates under Caps Solutions Ltd, a Labuan-based company registered with license number MB/20/0052. 
  • For additional safety, the platform keeps client funds in separate bank accounts, which is one of the top reasons to trust the Broker.

As per our in-depth PrimeFin Review 2023, it can be said that PrimeFin is legit and operates lawfully.

Our recommendation: Trading at PrimeFin Review

  • Fifth decimal available 
  • Spreads begin from 0.03 pips
  • Commission is zero  
  • Best Customer support  
  • Free Demo Account
  • Also trading in India
primefin

Advantages and disadvantages of PrimeFin Review

  • Offers 350 financial instruments to trade
  • Regulated by LFSA
  • Offers cross-platform trading
  • Hassle-free and fully digital account opening process
  • Complete control over the bids
  • Offers high-leverage
  • Accessible through all browsers
  • 24×5 Customer service 
  • MetaTrader5 platform is not available

PrimeFin Review 2023: Available Account Types & Its Features

PrimeFin offers three different types of accounts that suit the need of every sort of trader. 

  • Silver Account
  • Gold Account
  • Platinum Account

Silver Account: 

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.

  • Hedging Allowed
  • Leverage up to 1:100 
  • Offers tools like Customized Investment News
  • Base currencies include EUR/USD, GBP/USD, USD/JPY, AUD/USD, USD/CHF, USD/CAD, NZD/USD, and EUR/GBP
  • Zero fees on deposit and withdrawal
  • Tight spreads starting from 0.07 pips
  • Over 350+ financial instruments are available
  • 24/5 Customer Service
  • The minimum deposit is $250

Gold Account: 

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: 

  • Hedging Allowed
  • Leverage up to 1:100 
  • Offers tools like Customized Investment News
  • Base currencies include EUR/USD, GBP/USD, USD/JPY, AUD/USD, USD/CHF, USD/CAD, NZD/USD, and EUR/GBP
  • Free VPS
  • Zero fees on deposit and withdrawal
  • Tight spreads starting from 0.07 pips
  • Dedicated account manager
  • Over 350+ financial instruments are available
  • Fifth Decimal
  • 24/5 Customer Service
  • Swap Discount
  • The minimum deposit is $250

Platinum Account: 

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. 

  • Over 350+ financial instruments are available
  • Hedging Allowed
  • Leverage up to 1:100 
  • Offers tools like Customized Investment News
  • Base currencies include EUR/USD, GBP/USD, USD/JPY, AUD/USD, USD/CHF, USD/CAD, NZD/USD, and EUR/GBP
  • Free VPS
  • Zero fees on deposit and withdrawal
  • Tight spreads starting from 0.03 pips
  • Dedicated account manager
  • Fifth Decimal
  • 24/5 Customer Service
  • Swap Discount 

Demo Account: 

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.

How To Open An Account With PrimeFin?  

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: 

  • Select the “open account” option on the homepage. 
  • Fill up your information, including your first and last names, email, country code, phone number, and password. Then press the submit button.
  • Now, select your preferred account type. The next step has a trading-related questionnaire. All of these questions must be answered correctly by investors. 
  • Upon account creation, deposit funds in your trading account, where traders must deposit a minimum of $250 before proceeding to the final stage.
  • Traders must next upload their identity verification documents in accordance with their Broker’s standards.
  • Traders can now begin trading using the features of their chosen account.

Our recommendation: Trading at PrimeFin Review

  • Fifth decimal available 
  • Spreads begin from 0.03 pips
  • Commission is zero  
  • Best Customer support  
  • Free Demo Account
  • Also trading in India
primefin

PrimeFin Review 2023: Tradable Instruments Available

The Broker offers to trade on over 350 assets across all major financial markets, including:

Forex

Trade CFD on 40+ currency pairs, including EUR/GBP, HKD/JPY, and other major currency pairings.

Cryptocurrencies

Cryptocurrencies such as Bitcoin, Litecoin, Ethereum, and many more can be traded on CFDs.

Stocks

The platform allows CFD trading on global equities such as Amazon, Apple, Tesla, Walt Disney, etc.

Commodities:

Traders can trade on commodities like Sugar, crude oil, iron, etc.

Indexes

Start trading CFDs on the most major indexes, including the DOW30, DAX30, and NASDAQ100.

PrimeFin Fees, Commission & Spreads

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:

Assets Account Types
Silver Gold Platinum
EUR/USD 0.30 0.25 0.20
GBP/USD 0.35 0.30 0.25
USD/JPY 0.35 0.30 0.25
AUD/USD 0.85 0.64 0.47
USD/CHF 0.41 0.26 0.19
USD/CAD 0.41 0.26 0.19
NZD/USD 0.85 0.64 0.47
EUR/GBP 0.41 0.26 0.19
Gold 0.300 0.250 0.200
Crude Oil 0.60 0.50 0.40
DAX 0.600 0.550 0.500

Inactivity Fees:

When there have been no trades for more than 61 days, there are inactivity fees that may cost up to EUR 160.

PrimeFin Review 2023: Maximum Leverage

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:

Assets Account Types
Silver Gold Platinum
Forex 1:100 1:100 1:100
Metal 1:25 1:25 1:25
Indices 1:25 1:25 1:25
Commodities 1:25 1:25 1:25
Stocks 1:10 1:10 1:10

Deposit and Withdrawal Process on PrimeFin?

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.

Payment Options available for deposits & withdrawals on PrimeFin: 

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

PrimeFin Review 2023: Trading Platforms

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. 

  • MetaTrader 4
  • WebTrader

MT4 Trading Platform: 

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:

  • Various assets can be compared using multiple chart windows
  • Balance level in real-time
  • Stop-Loss/Take-Profit functions are automatically activated
  • Price alerts on the Platform
  • Switching accounts with a single click
  • Built-in Platform support 
  • Live chat and specialized customer service
  • Free educational support

WebTrader: 

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: 

  • One-click trading option
  • Numerous chart windows for comparing assets 
  • Automated Stop Loss/Take Profit function 

Company Details

Assets

  • Forex on 40+ currency pairs
  • Commodities
  • Stocks
  • Metals
  • Indices
  • Cryptocurrencies

Basics

  • Country: Labuan
  • License No: MB/20/0052
  • Regulations: LFSA

Customer Service

Our recommendation: Trading at PrimeFin Review

  • Fifth decimal available 
  • Spreads begin from 0.03 pips
  • Commission is zero  
  • Best Customer support  
  • Free Demo Account
  • Also trading in India
primefin

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: 

  • One-click trading option
  • High execution speed
  • Offers 9 different time frames
  • Instant market alerts
  • Over 60 Analysis tools
  • Free educational support
  • Live chat and customer support in multiple languages
  • User-friendly interface
  • Available on iOS and Android

Educational and Research Support

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:

  • Webinars
  • Seminars
  • VOD
  • Articles
  • Ebooks
  • Built-in Economic calendar
  • Built-in Seasoned Calendar
  • Latest News

Customer Support

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.

Contact Information:

Phone No: +44 1215120156

Email: [email protected]

Conclusion: 

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 a variety of services and user-friendly Platforms to its users, which is quite good for professional as well as Beginner traders. 

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:

  • Forex
  • Crypto
  • Commodities
  • Stocks
  • Indices
  • Metals

Experiences
10

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