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PrimeFin is a leading online brokerage platform that offers CFD and Forex trading services to global traders. It was among the first online platforms to offer comprehensive trading services in one place. Let’s learn more about the broker with this detailed PrimeFin Review.
Started in the year 2020, the brokerage quickly gained traction thanks to its robust and innovative trading platform, signature blue trading system, low commissions, and much more.
Today, PrimeFin supports 350+ underlying assets from different financial markets such as Forex trading, Stocks, Crypto, Indices, Commodities, Futures, etc. In this detailed PrimeFin review, we will evaluate the platform based on trading fees, security and product availability.
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.
| Official Website | www.primefin.com |
| Establishment Year | 2020 |
| Regulating Authorities | Labuan Financial Services Authority
(LFSA) |
| Assets Offered | Currency pairs, Cryptocurrencies, Stocks, Precious Metals, Indices and Commodities |
| Minimum Deposit | $250 |
| Compatible Devices | Mac, Windows, Linux, Web, Mobile Android, iPhone, iPad. |
| Demo Account | Yes |
| Swap-free Islamic Account | Yes |
No, PrimeFin is not a scam because of heavy regulation and licenses it holds from a top-tier financial regulator – the Labuan Financial Services Authority (LFSA) under License no 12734767.
Another factor that adds to its legitimacy is that forex broker PrimeFin operates under the leading investment companies, Caps Solutions UK Ltd and Caps Solutions Ltd. The headquarters of the company is located at:
Moreover, the broker abides by the rules and regulations of financial bodies like 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 user’s data. The Platform operates as per the rules and regulations of securities commissions such as MiFID of the EU and keeps clients’ money in segregated bank accounts
Considering the above-listed information, we can say PrimeFin is a legit broker and puts clients’ safety on top of everything.
PrimeFin has a good global presence and reputation, with the majority of positive reviews from existing users. The platform has secured 4.8/5 star ratings on Trustpilot. Here’s what users are saying about the platform on Trustpilot:
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The forex broker offers trading services through three different types of live trading accounts. Traders can choose an account according to their trading skills, style, financial needs and experiences: Silver Account, Gold Account, and Platinum Account.
Every live trading account type has some unique and additional features and services. In addition to these live accounts, the broker also offers a free demo trading account for practicing and mastering the different trading strategies and methods.
Let’s evaluate the features of each account type through this detailed PrimeFin review:
| Features | Silver | Gold | Platinum |
| Minimum Deposit | $250 | $250 | $250 |
| Hedging | Allowed | Allowed | Allowed |
| Maximum Leverage | 1:100 | 1:100 | 1:100 |
| Dedicated Account Manager | Yes | Yes | Yes |
| Automatic stop-loss Function | N/A | Yes | Yes |
| News Alert, Webinars & Videos, Trading signals | Yes | Yes | Yes |
| Free VPS | N/A | Yes | Yes |
| Base Currencies | GBP/USD, EUR/USD, USD/JPY, USD/CAD, AUD/USD, EUR/GBP, USD/CHF, NZD/USD, etc | GBP/USD, EUR/USD, USD/JPY, USD/CAD, AUD/USD, EUR/GBP, USD/CHF, NZD/USD, etc | GBP/USD, EUR/USD, USD/JPY, USD/CAD, AUD/USD, EUR/GBP, USD/CHF, NZD/USD, etc |
| Swap Discounts | None | 25% | 50% |
| Islamic Account | No | Yes | Yes |
| Mobile Application | Yes | Yes | Yes |
| Trading Platforms | WebTrader, MT4 & PrimeFin App | WebTrader, MT4 & PrimeFin App | WebTrader, MT4 & PrimeFin App |
PrimeFin account opening process is straightforward. The entire process is digital and hassle-free. All you need to do is follow these simple steps to get started on the platform:
The forex broker offers to trade CFDs in six different trading and financial instruments: 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:
PrimeFin offers commission-free trading. However, traders are subject to pay spreads on each trade. The charges vary depending on the account types and the asset you are trading in.
Here’s a detailed PrimeFin Spread Charges Table:
| 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 |
A currency conversion fee will be charged for converting the currency into your account’s base currency. Additionally, there are SWAP charges for overnight trade positions.
The broker provides the maximum leverage up to 1:500. The leverage also depends on the trading account types and different trading instruments.
| 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 |
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 withdrawals and deposits through various payment methods:
Unlike other forex brokers, PrimeFin offers an advanced forex trading platform compatible with desktops and mobile devices. 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.
Here are available PrimeFin trading platforms:
Traders can start trading via high terminals. Access all kinds of markets in the most user-friendly way with MetaTrader 4 trading platforms.
PrimeFin WebTrader platform is well-equipped to render clients the most comfortable and magnificent trading experience. There is no time-consuming and extra installation needed. One can just open the web browser and start trading via Webtrader.
With the PrimeFin mobile trading app, traders can make the best and most profitable trades anytime and anywhere. One gets the full trading functionality right on the tip of the fingers. Visit the broker’s official website for PrimeFin app download.
The broker offers quite an impressive & substantial educational hub and research materials. Professional traders can get benefit from this material in their market analysis and execute trading strategies.
Novice traders can learn and practice advanced trading methods and various financial market dynamics. The material offered by the broker is as follows:
While scrolling down the web, we went through many trading platforms to find the best alternative to PrimeFin. We did find three and put them in a quick comparison with PrimeFin.
| Features | PrimeFin | OctaFX |
| Assets Offered | Forex, CFDs, indices, commodities, cryptocurrencies | Forex, CFDs, indices, commodities, cryptocurrencies |
| Demo Account | Yes | Yes |
| Minimum Deposit | $250 | $100 |
| Regulation | LFSA | CySEC |
| Islamic Account | Yes | Yes |
| Commission | Zero | Variable |
| Features | PrimeFin | FlowBank |
| Assets Offered | Forex, CFDs, indices, commodities, cryptocurrencies | Stocks & ETFs, Funds, Forex, CFDs and Cryptocurrencies |
| Demo Account | Yes | Yes |
| Minimum Deposit | $250 | $0 |
| Regulation | LFSA | FINMA |
| Islamic Account | Yes | No |
| Commission | Variable | Zero |
| Features | PrimeFin | LexaTrade |
| Assets Offered | Forex, CFDs, indices, commodities, cryptocurrencies | Forex, Commodities, Stocks & Indices |
| Demo Account | Yes | Yes |
| Minimum Deposit | $250 | $250 |
| Regulation | LFSA | IFMRRC |
| Islamic Account | Yes | Yes |
| Commission | Zero | 3.7 per lot |
The broker offers dedicated and expert customer support in multiple languages. The broker always tries to improve its services and give its clients the best support.
The broker has attracted thousands of clients in a significantly short period through its exceptional and superior customer support service. Additionally, the broker recently added telephone support for Indian clients. The clients can contact them through different modes Live Chat, Telephone, and Email.
Here are some contact details:
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, PrimeFin is a reliable and trustworthy broker, offering exceptional trading services for both beginner and professional traders alike.
Yes, you can get a refund for your deposited account in PrimeFin. The platform refunds the deposited amount to the same payment method used for deposition. For instance, if you have made deposits via credit card, you will get a refund on the same card. For every profit on investments, the profits will be credited via EFT.
Yes, investing with PrimeFin is absolutely a good decision as the broker is well regulated and abides by the regulations of MiFID and ICF. The clients’ funds are kept in a separate bank account from the company’s. Additionally, there is not a single complaint regarding PrimeFin being a scam on the internet.
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The minimum deposit at PrimeFin is set at $250. After depositing the funds, you can start trading on the platform. Read our detailed PrimeFin review for more information.
Yes, PrimeFin is a legit broker, well-regulated by a top-tier financial regulator – the Labuan Financial Services Authority (LFSA) under License no 12734767. Additionally, there is no single complaint about the PrimeFin scam on the internet. Visit the official website – www.primefin. com for more details.
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.
InvestBy is a legit forex broker holding a regulatory license from the National Bank of the Republic of Belarus (NBRB). Additionally, the broker has an excellent reputation among its existing users, with no complaints regarding the InvestBy scam.
Trending Brokers accords traders and investors with some of the best hand picked brokers that can harvest their needs for booking profits in the world of financial market.
A trusted broker will contact you today.
I just like their payout strategy as the withdrawal amount comes on time with no commission policy. Zero commission policy is such a pleasant bonus. Trading with primefin turned out to be a valuable experience for me. Highly recommended.
After hearing so much about primefin, I can finally say that primefin is a legitimate broker. At first, I was just confused because of different opinions but after having a great start with this broker. I am really satisfied.
You have full control over your bids and can access to markets. Primefin is a great platform. Worth recommending.
I am impressed with the quality of the services that primefin is providing. Fast execution is in play with depositing and withdrawal funds. I am just stunned by their client support.
I came to primefin through my friend’s recommendation. I started my trading journey 4 months ago when my friend was just a few steps ahead of me. Now I am just at an equal level as my friend with the help of the customer support prime fin offered.
Opened a demo account with primefin and am happy with everything. Although I am a beginner in trading, the mobile application is quite fast, and in addition, getting access to a large number of training materials. Now I’m going through the tutorials and carefully watching the video.
Primefin offers very high leverage with low latency. Trading platforms are compatible with all devices and have strong data encryption. The online broker offers a unique feature known as cross-platform trading. I personally like this feature as it helps me a lot while trading.
With primefin you can trade on more than 300 assets on advanced platforms available on its website and mobile app. Easy and quick registrations. After registration, it took only a day in the verification process and from the very next day, I fund my primefin account and started trading.
Primefin offers quick withdrawals. Technical support is always there to help if you face any sort of issue while withdrawing money. And if you talk about platform, primefin is quite okay with that. But they have to work on their tradable assets. I think they can improve this side by including more assets for traders.
Sometimes I feel what a company shows in its advertisements is not transparent as tehy mobile app could be much better. It does not function at its best I think.
Primefin does not offer tight spreads as much as other brokers at the level primefin. Apart from spreads, I have nothing to complain about. I never face problems related to fund transfers or any kind of transaction. The customizable feature in the MetaTrader 4 is an interesting feature. They offer outstanding customer support.
They are providing enough leverage to beat other brokers. But still its not enough.
I am just impressed with primefin but it can be much better by adding more cryptos and other assets. While the overall experience was so good, I think that they can work on their trading platform to work more efficiently.
Sometimes, it takes so much time to connect with customer support service.
A person from Customer service told me that they are offering MetaTrader 5. But that’s not true. You can only access MetaTrader4 and the broker’s personal web trader.
The customer is only available for 24/5.
I just like their payout strategy as the withdrawal amount comes on time with no commission policy. Zero commission policy is such a pleasant bonus. Trading with primefin turned out to be a valuable experience for me. Highly recommended.
After hearing so much about primefin, I can finally say that primefin is a legitimate broker. At first, I was just confused because of different opinions but after having a great start with this broker. I am really satisfied.
You have full control over your bids and can access to markets. Primefin is a great platform. Worth recommending.
I am impressed with the quality of the services that primefin is providing. Fast execution is in play with depositing and withdrawal funds. I am just stunned by their client support.
I came to primefin through my friend’s recommendation. I started my trading journey 4 months ago when my friend was just a few steps ahead of me. Now I am just at an equal level as my friend with the help of the customer support prime fin offered.
Primefin offers quick withdrawals. Technical support is always there to help if you face any sort of issue while withdrawing money. And if you talk about platform, primefin is quite okay with that. But they have to work on their tradable assets. I think they can improve this side by including more assets for traders.
Sometimes I feel what a company shows in its advertisements is not transparent as tehy mobile app could be much better. It does not function at its best I think.
Primefin does not offer tight spreads as much as other brokers at the level primefin. Apart from spreads, I have nothing to complain about. I never face problems related to fund transfers or any kind of transaction. The customizable feature in the MetaTrader 4 is an interesting feature. They offer outstanding customer support.
They are providing enough leverage to beat other brokers. But still its not enough.
I am just impressed with primefin but it can be much better by adding more cryptos and other assets. While the overall experience was so good, I think that they can work on their trading platform to work more efficiently.
Sometimes, it takes so much time to connect with customer support service.
A person from Customer service told me that they are offering MetaTrader 5. But that’s not true. You can only access MetaTrader4 and the broker’s personal web trader.
The customer is only available for 24/5.