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PrimeFin

primefin
4.1
Rated 4.1 out of 5
Excellent53%
Very good23%
Average6%
Poor12%
Terrible6%
rb-badge
primefin
4.1
Rated 4.1 out of 5
Excellent53%
Very good23%
Average6%
Poor12%
Terrible6%

PrimeFin

71% of retail investor accounts lose money, …

primefin

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4/5

27 Rating

primefin

PrimeFin

4.1
Rated 4.1 out of 5

17
Rating

Overview

There are many forex brokers on the market. That’s no secret. However, there are not many that are worth your time. In fact, if you’re a beginner in the world of forex trading, it can be extremely confusing as to which one to choose.

In this series, PrimeFin is one such forex broker that aims to cater to the need of every trader.
This review will help you decide why PrimeFin is one of the best forex brokers.

PrimeFin, an emerging online brokerage that started in the year 2020 to give traders the best trading experience, takes pride in calling itself a new kid on the block. The brokerage firm has taken the virtual world by storm in the last couple of years thanks to its robust and innovative trading platform, signature blue trading system, low commissions, and much more.

Additionally, the broker offers to trade on 300+ underlying assets from different financial markets such as Forex trading, Stocks, Crypto, Indices, Commodities, Futures, etc.

Who is Primefin?

PrimeFin is a multi-asset CFD and Forex broker, owned and operated by Caps Solutions Limited, a financial service provider incorporated in Labuan.

The award-winning broker is well regulated by a number of regulatory bodies, including the Labuan Financial Services Authority (LFSA).

Additionally, the broker serves over 100 countries, including South Africa. On the other hand, PrimeFin has also started its services in India and has gained a good response in such a short period.

Is PrimeFin A Scam?

Forex broker PrimeFin is the brand name of the leading investment company, Caps Solutions UK Ltd. The broker operates from Unit B Lot 49, 1st Floor, Block F, Lazenda Warehouse 3 Jalan Ranca Labuan Malaysia, with registration no LL16622.

The Caps Solutions Ltd has its registered address at Almack House, 26-28 King Street, London, England. Talking about the regulations, the broker is regulated and authorized by the Labuan Financial Services Authority (LFSA) under License no 12734767.

Moreover, the broker follows all the rules and regulations of the financial bodies like the EU, MiFID, and Investor Compensation Funds (ICF), which work toward the client’s interest and protects clients from fraud.

The broker also uses an advanced encryption system to protect the customer’s data. The broker operates as per the rules and regulations of securities commissions such as MiFID of the EU and keeps clients’ money in segregated bank accounts

Within a short time, a broker has gained thousands of active traders; thus, it is the legit forex broker and the safest haven for all forex investors and traders, from novice to pro level.

Our recommendation: Trading at PrimeFin

  • As a trader, you get leverage of 1:100 on different assets
  • Quick execution speeds for all investors
  • A dedicated account manager helps traders
  • Free education hub
  • The swap discount is huge, which is 50 percent
  • Free Demo Account

 

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Recommended Broker
4.1
Rated 4.1 out of 5
primefin

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Advantages and disadvantages of PrimeFin

  • Regulated Broker
  • Provide more than 350 assets for trading
  • User-Friendly Trading Platform
  • Maximum leverage up to 1:500
  • Dedicated account manager
  • Expert Advice
  • Impressive education and research material
  • 24*7 Customer Support
  • Advanced Trading Tools
  • Multilingual Support
  • Wide Range of Financial Instruments
  • Offers an Exceptional Trading Services
  • Member of Investors Compensation Funds (ICF)
  • Commission Free Trades
  • Demo Account
  • MetaTrader5 Absent
  • Does not accepts US Clients

Trading Accounts?

The forex broker offers trading services through three different types of live trading accounts according to the customer’s trading skills, style, and kind: Silver Account, Gold Account, and Platinum Account

The traders can choose the account type according to their financial needs and experiences. Every live trading account type has some unique and additional features and services.

The broker also offers a free demo trading account for practicing and mastering the different trading strategies and trading methods. A minimum deposit of $250 is required for the account opening.

The broker offers the best live trading account types for every trader from newcomers to the most experienced forex traders.

Silver:

  •  Hedging Allowed 
  •  Maximum leverage is 1:100
  •  Dedicated Account Manager
  •  Automatic stop-loss Function
  •  Daily market analysis and Investment news
  • Base currencies: GBP/USD, EUR/USD, USD/JPY, USD/CAD, AUD/USD, EUR/GBP, USD/CHF, NZD/USD, etc

Gold:

  • Hedging Allowed
  • Maximum leverage is 1:100
  • Dedicated account manager
  • Daily analysis and investment news
  • Free VPS
  • Instant Access to Top Financial Markets 
  • Up to 25% Swap discounts
  • Fifth decimal swap discount
  •  Automatic stop-loss Function
  • Available base currencies: EUR/GBP, GBP/USD, EUR/USD, USD/JPY, USD/CAD, AUD/USD, USD/CHF, NZD/USD, etc.

Platinum:

  • Hedging Allowed
  • Maximum leverage is 1:100
  • Dedicated account manager
  • Daily analysis and investment news
  • Free VPS
  • Instant Access to Top Financial Markets 
  • Up to 50% Swap discount 
  • No Islamic Account
  • Fifth decimal swap discount
  • Available base currencies: EUR/GBP, GBP/USD, EUR/USD, USD/JPY, USD/CAD, AUD/USD, USD/CHF, NZD/USD, etc.

How To Open an Account on PrimeFin?

The broker’s account opening process is straightforward. The entire process is digital and hassle-free. By following the given steps, you can easily open an account with the broker within one day.

  • Visit the official website of PrimeFin
  • Click on the ‘Open Account’ button. Fill out the required personal details such as Name, Email address, country code, and mobile number. 
  • Fill in the required information and upload the necessary documentation.
  • The broker will verify the provided information and activate your live trading account within an hour. 
  • Find the minimum deposit amount and start your fruitful forex trading market journey. The minimum deposit required for a live trading account starts at $250 USD

Our recommendation: Trading at PrimeFin

  • As a trader, you get leverage of 1:100 on different assets
  • Quick execution speeds for all investors
  • A dedicated account manager helps traders
  • Free education hub
  • The swap discount is huge, which is 50 percent
  • Free Demo Account

 

download (1)
Recommended Broker
4.1
Rated 4.1 out of 5
primefin

Financial Instruments Are Offered Ay Primefin?

The forex broker offers the ability to trade CFDs in six different trading and financial instruments; trading Forex, Crypto trading, trade Stocks, Indices, Precious Metals, and Commodities.

The characteristics and functionalities of each trading asset are excellent and well-defined. The available trading assets are as follows:

Cryptocurrencies:

  • Traders can trade the most popular and reliable cryptocurrencies like bitcoin, ethereum, ripple, and others to facilitate trading. 
  • The policy of trading with Broker is transparent and clear. There are no hidden charges and costs involved. 
  • The broker provides professional and expert customer support for clients to attempt quick help in trading activities. 
  • Customers get high-class protection services to keep the transactions and data of the user safe and secure. 
  • The leverage is 1:2, and spreads are floating. 

 Forex Trading:

  • It is a market where individuals, companies, and financial institutions exchange currencies for one another at floating rates.
  • Forex traders can stand out in this huge trading market by trading a wide range of major, minor and exotic trading currency pairs with a broker. 
  • The cross-platform trading functionality is provided for trading via multiple devices. 
  • Customers can take advantage of the forex market’s high liquidity with the high speed of trading represented by the broker.
  • It offers more than 40 currency pairs available with the broker to trade via CFDs. 
  • The broker provides multilingual support so you can keep up with the never-sleeping currency market. 

 Indices:

  • You can start trading CFDs on more than ten market indexes like SPX 500, Dow Jones 30, and NAS 100 via CFDs with a broker. 
  • Trading indices with the broker will help you reach global markets with utter diversification of your portfolio. 
  • Client’s can trade whenever and wherever they want with cross-platform trading functionality provided by the broker. 
  • There are no hidden charges associated with the broker. So traders do not have to worry about any discrepancies with hidden costs. 
  • Dedicated multilingual customer support by the broker that includes a team of experts and professionals. 

 Stocks:

  • Trade more than 30 stock assets via CFDs with the broker. 
  • The stocks available with the broker are from various industries to provide a healthy diversification of the portfolio.
  • Invest in US stocks and customize them according to your need and comfort with the broker
  • The extra flexible spreads offered on stock trading with the broker allow for optimal trading conditions. 
  • Dedicated professional support is offered to stock traders and investors. 
  • Traders can trade more than 60 significant stock market.
  • The broker offers maximum leverage up to 1:50 with spreads as low as 0.21. 

 Commodities:

  • Start trading CFDs on more than 15+ soft commodities assets to trade via CFDs with a broker. The broker provides commodity trading like cocoa, orange, coffee, crude oil, and more. 
  • Broad scope to diversify your commodity trade with the broker to include agricultural products to the metal in the commodity asset set. 
  • Traders can trade more than 50 major commodity markets to try hands-on.
  •  24/7 dedicated multilingual customer service. 
  • The broker offers maximum leverage up to 125 and spreads as low as 0.03. 

 Precious Metals:

  • CFDs trade in popular metals like gold, silver, platinum, and palladium. 
  • 24/7 customer service and support. 
  • Traders can trade more than 50 significant trading metals markets to try hands-on.
  • Highly flexible and accessible metal trading with the broker.  
  • Spread as low as 60 points.

Fees, Commission, and Spreads at PrimeFin?

This multi-asset trading platform offers commission-free trading with relatively low spread and swap charges. The broker provides massive swap discounts on its different trading account types. The spread charges are as low as 0.07.

A currency conversion fee will be charged to change the currency into your account’s base currency. Currency conversion fees are charged by the broker in the same way that they are charged by banks and financial organizations when they convert currency denominations.

The fee is frequently charged for specific reasons. Additionally, the broker provides the maximum leverage up to 1:500. The leverage also depends on the trading account types and different trading instruments.

What are Deposits and Withdrawal Methods?

The broker offers a wide range of payment methods for depositing and withdrawals. The deposits are made instantly, while withdrawal requests might take 3-4 days depending on the chosen payment option.

The broker offers commission-free services. Only traders might be charged on withdrawals below a standard threshold. Traders can take the benefit from multiple payment options as follows:

  • Skrill
  • Neteller
  • Maestro
  • DECTA
  • Payvision
  • Wirecard
  • PaySafe
  • MIR Limited
  • VISA
  • VPay
  • SafeCharge
  • Mastercard
  • Emerchant pay
  • Orange pay
  • Trustly
Providers PrimeFin
Swap charges Clients get a 50 percent discount
Spreads The minimum spread is 0.03 pips
Deposit Not applicable
Currency conversion Need to pay fees

Available Trading Platforms?

Unlike other forex brokers, PrimeFin offers an advanced forex trading platform for web and mobile trading. The brokerage firm’s entire browsing experience with the most popular trading platforms is furnished with easy, structured tabs and navigation systems with categorized functioning. 

MetaTrader4:

Traders can start trading via high terminals. Access all kinds of markets in the most user-friendly way with MetaTrader 4 trading platforms.

Key Features:

  • Free trading and analytical tools 
  • Interactive charts 
  • 30+ technical indicators 
  • Highly customizable and suitable for Expert Advisors or EAs 
  • Easy navigation and user-friendly interface 
  • Stop Loss and Take Profit Functions
  • High execution speed
  • Analytical toolkit
  • Instant Access to Top Financial Markets
  • Different trade execution modes
  • Access to trade history
  • Numerous execution and order types 
  • Compatible on any browser, Android, and iOS. 

WebTrader:

WebTrader platform offered by the broker is well-equipped to render the most comfortable and magnificent trading experience to the clients.

There is no time-consuming and extra installation needed. One can just open the web browser and start trading via Webtrader. The website or Webtrader functioning is easy to understand and grasp for newbies.

Features:

  • Intuitive browsing and navigation 
  • No downloads and extra installations needed
  • Three-click transaction facilitation 
  • Take profit and stop loss
  • Instant Access to Top Financial Markets 
  • Different trade execution modes
  • Access to trade history
  • Stop Loss and Take Profit Functions
  • High execution speed
  • New and updated limit orders 
  • A free and expansive range of educational material 
  • Cross-platform trading 

Company Details

Assets

  • Forex 40+
  • Precious Metals
  • Commodities
  • Stocks
  • Indices

 

Basics

  • Country: Labuan
  • License: MB/20/0052
  • Regulations: LFSA

 

Customer Service

  • Phone number: +44 1215120156
  • Live Chat

 

Our recommendation: Trading at PrimeFin

  • As a trader, you get leverage of 1:100 on different assets
  • Quick execution speeds for all investors
  • A dedicated account manager helps traders
  • Free education hub
  • The swap discount is huge, which is 50 percent
  • Free Demo Account

 

download (1)
Recommended Broker
4.1
Rated 4.1 out of 5
primefin

Primefin Mobile App: Best Trading Experience

With an online trading app, traders can get to make the best and most profitable trading moves, anytime and anywhere. One gets the full trading functionality right on the tip of the fingers. Trade currency pairs, crypto, and other assets in the quickest way possible.

Key Features:

  • Real-time balance level 
  • Rapid updates on trading conditions 
  • In-house price notifications and alerts 
  • Compatible with Android and iOS
  • Live chat support 
  • Analytical toolkit
  • One-tap account switching 
  • Instant Access to Top Financial Markets 
  • Built-in platform support 
  • Nine varied timeframes

Education Materials and Research Support?

The broker offers quite an impressive & substantial educational hub and research materials. Professional traders can get the benefit from this material in their market analysis and execute the trading strategies.

Novice traders can learn and practice the different advanced trading methods and the various financial markets’ dynamics. The material offered by the broker is as follows:

  • Economic Calendars
  • Reports Season Calendar 
  • Courses
  • Article
  • News
  • VODs
  • Webinars
  • Tutorials
  • Seminars

Customer Support Services: Best Helping Hand

The broker offers dedicated and expert customer support in multiple languages. The broker always tries to improve its services and tries to give the best support to its clients.

In a significantly lesser period, the broker has succeeded to attract thousands of clients through its exceptional and superior customer support service. The clients can contact them through different modes Live Chat, Telephone, and Email.

Here are some contact details:

Final Verdict:

After reviewing this detailed PrimeFin review, here’s a quick summary – PrimeFin is one of the leading online forex brokers that offer top-notch trading services and features compared to other forex brokers in the industry. It offers a wide range of trading assets through its advanced trading platforms.

Most importantly, it is regulated by the top-tier financial regulator – Labuan Financial Services Authority (LFSA), and is operated under the leading investment company, Caps Solutions UK Ltd.

Overall the broker is new and offers very high and various services which are Best for novice traders.

Next Read InvestBy Review

PrimeFin operates under the global brokerage firm, Caps Solutions UK Ltd. Additionally, this forex broker is well regulated and authorized by the Labuan Financial Services Authority (LFSA) under License no 12734767. Read the PrimeFin review to know more.

The forex broker offers MetaTrader4 and an advanced WebTrader and mobile trading app to trade forex.

You can start your trading with a minimum deposit of $250. Read the PrimeFin review to know more.

The brokerage firm is the leading forex broker that offers exceptional trading services and conditions. It operates under the global brokerage firm, Caps Solutions UK Ltd, and is well regulated by the Labuan Financial Services Authority (LFSA). Read the PrimeFin review to know more.

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