MC Prime Forex Review

Read our full MC Prime review to get exact details about their safety, accounts, spreads, platforms, assets, support, and much more. Our unbiased MC Prime opinion allows our readers to decide whether MC Prime is a reliable broker.

MC Prime Forex Broker History

MP Prime is a relatively young Forex and CFDs broker that was launched in 2024. Despite being young, the broker acquired two offshore licenses and offered multiple trading accounts. The conditions on all of its accounts seem very competitive with low spreads, high maximum leverage, and zero trading commissions. The broker falls short only in one aspect, which is a lack of live chat support and phone support options. The website is modern and mobile-friendly.

MC Prime broker safety

Safety is paramount in online forex trading, and MC Prime has acquired several licenses throughout its career. The broker is regulated in:

• The Financial Services Commission (FSC) of Mauritius
• The Cyprus Securities & Exchange Commission, “CySEC”

The broker has an entity in Cyprus, which holds the license from CySEC, enabling it to offer trading services to a wider trader audience across the globe.

The broker keeps traders’ money in segregated bank accounts, ensuring its employees can not touch client funds. This is a crucial safety policy to ensure trader funds are kept safe with tier-1 banks.

The broker also offers the negative balance protection policy, meaning traders can not lose more than their initial investment, as accounts are reset to zero in case they fall below zero dollars.

MC Prime Broker Review of Accounts

MC Prime offers multiple trading account types, such as Standard, Basic, Raw, and US Cent. These make it possible to target all traders with all trading styles and experience levels. Scalpers will get 0 pips spreads for low competitive commissions, while beginners can use cent accounts to operate with extremely low position sizes. Let’s briefly review each of the account specs to see how competitive the broker is.

MC Prime Standard Account offers competitive trading conditions for low spreads and low minimum deposit requirements:

• Minimum deposit – 50 USD
• Maximum leverage – 1:500
• Spreads – From 0.2 pips
• Commissions – 0 USD
• Minimum lot size – 0.01 lots

The MC Prime Basic Account is similar to the standard but has a lower maximum leverage offering:

• Minimum deposit – 50 USD
• Maximum leverage – 1:200
• Spreads – From 0.2 pips
• Commissions – 0 USD
• Minimum lot size – 0.01 lots

MC Prime Raw Account is designed for scalpers as it offers spreads from 0 pips for competitive commissions:

• Minimum deposit – 2,000 USD (Limited-time discount)
• Maximum leverage – 1:200
• Spreads – From 0.0 pips
• Commissions – 7 USD per lot per side
• Minimum lot size – 0.01 lots

MC Prime US Cent Account is for beginners to trade on a budget, as it offers micro contract sizes (1 microlot = 10,000 USD, unlike 1 standard lot, which equals 100,000 units):

• Minimum deposit – 50 USD
• Maximum leverage – 1:200
• Spreads – From 0.2 pips
• Commissions – 0 USD
• Minimum lot size – 0.01 lots

As we can see, MC Prime is very competitive and offers low-cost trading options to both scalpers and day traders at all experience levels.

MC Prime instruments

MC Prime trading assets are numerous and include Forex pairs, commodities, indices, and cryptos. From FX pairs, traders can speculate on majors, minors, and even exotics. From commodities, traders can access metals and energies. Leverage is high and spreads are competitive. Mobile trading is available. The minor drawback here is the lack of stocks.

MC Prime Reviews of Trading Platforms

Trading platforms offered by MC Prime are MT4, MT5, and several proprietary trading apps. Mobile trading is possible via MC Prime apps, while desktop platforms are advanced and enable custom indicators and automated trading systems (EAs). Mobile trading is available and allows traders to speculate on the go using various mobile trading apps, which is very convenient. Both Android and iOS mobile devices are supported.

MC Prime Forex Review of Extra Features

There are not many extra features offered by the MC Prime offshore broker, which is understandable. The broker is more oriented towards experienced traders who know what they are doing, but it also has cent accounts. Lack of educational resources is a serious drawback for this broker, and there is no live chat available either. There is a 100% deposit bonus granted for the first deposit, and that’s it.

MC Prime Reviews of Customer Support

Customer support is the only weak point of MC Prime, as it only offers an email chat option. There are no live chat and phone support options available at the moment, which is a serious drawback and a major red flag as well. Without live chat and phone support, the support experience suffers greatly and makes it time-consuming to resolve any issues and challenges during trading.

MC Prime Deposit and Withdrawal

Deposits and withdrawals at MC Prime are possible via several payment methods. These transaction methods include Visa, MasterCard, Skrill, Neteller, and various other e-wallets and wire transfers. Traders need to get their trading accounts verified by uploading the requested documents to be eligible for profit withdrawals. There are no transparency details about fees for deposits and withdrawals, and no information is given about profit withdrawal processing times. This is a serious issue and makes it difficult for traders to know how much time and how much to pay for their profit withdrawals.

MC Prime Review Conclusion – Can you trust this offshore broker?

MC Prime was launched in 2024 and is a licensed offshore broker with FSC Mauritius and Cyprus regulations. It offers multiple trading account types, tight spreads, and high leverage with advanced platform support like MT4 and MT5, and custom trading apps. While trading conditions are competitive, questionable customer support, lack of education, and unclear withdrawal policies for profits remain its main disadvantages.

FAQs on MC Prime

Is MC Prime a scam?

MC Prime scam is unlikely, even though it lacks proper customer support. It is well-regulated, making it a legitimate broker.

What is the MC Prime minimum deposit?

The minimum deposit is $50 for most accounts, making it a beginner-friendly broker with low entry barriers.

Is MC Prime a cheap broker?

Yes, spreads are low, and commission-free accounts make it cost-effective, except for the Raw account, which requires $2,000.