PrimeFin broker review – Everything you need to know about it
Today, people of all backgrounds can become part of the Forex market, and it only takes a few minutes to do so. However, investors are having some problems. In recent years, it has become very hard to find a trustworthy broker, that offers safe and secure trading services to people.
But, thankfully, there are some companies that are working tirelessly to make sure that their clients can stay as safe as possible. One of those Forex brokers is PrimeFin, which is one of the leading companies on the market right now.
Today, we are going to review PrimeFin, a Forex broker that has proved that it can offer safe and secure trading services to people around the world. So, if you are looking forward to learning more about this Forex broker, follow our review and start trading now.
PrimeFin background – How does this company work?
PrimeFIn represents a trading name of Caps Solutions Ltd, which is a company registered in Labuan, with a registration number of LL16622. This Forex broker is revisited and regulated by the Labuan Financial Services Authority, better known as LFSA. The license number of the company is MB/20/0052, and it is registered at Unit B Lot 49 1st Floor Block F Lazenda Warehouse 3 Jalan Ranca-Ranca 87000 FT Labuan, Malaysia.
Although the regulatory body controlling the services of this Forex broker is not among the most trustworthy companies, it still is a guarantee of the safety of the users of PrimeFin. As our review of PrimeFin shows, this Forex broker is working very hard to make sure that every single client of the broker stays safe and secure.
One of the things that it is doing to make sure the safety of the traders is that it is working very hard with the regulatory body to come up with updates and create a safer and more secure place for investments. Previously, the regulatory agency has had some problems, but now, it has changed a lot. Today, LFSA offers investors the ability to trade Forex with a lot of safety and security.
Why are regulations important?
Regulations are one of the most important things when it comes to Forex trading and it happens for a reason. No matter what you are doing in the Forex market, you need to be sure that you are staying as safe as possible. For this, a great thing to do is to make sure that you are trusting a Forex broker that owns a license from an official regulatory agency.
Over the years, because there were so many challenges and problems for this market, countries around the world had to come up with ideas to overcome these challenges. Something that the jurisdictions around the world decided to do was to create regulatory agencies that would take care of the whole financial market, including Forex trading.
This, as a result, gave investors the ability to understand which companies could trust and which companies should have been avoided. Today, regulations play a huge role in the world of Forex trading, and most of the investors on the market choose FX brokers according to the regulations that they follow.
What can you trade at PrimeFin?
In the world of Forex, one of the most important things that can largely influence your trading experience is the available trading assets at the broker. These instruments are something that you will be used for trading, and when it comes to PrimeFin, there are many of them available.
As our review of PrimeFin shows, you can trade the following instruments at this FX broker:
- Currency Pairs
Because there are so many available instruments, investors will not have a hard time finding something that they like and enjoy. The broker offers very diverse services, which is a great thing, especially in today’s market. Below, we are going to talk about the instruments 0ne-by-one.
How to start trading at PrimeFin
PrimeFin is one of those Forex brokers that strives to be as accessible for everyone as possible. To start trading with this broker, there are several easy steps that investors will have to follow. First of all, it is the creation of the trading account. For this process to be successful, you need to understand what it is that you are looking for in the world of Forex.
This Forex broker offers several account types, that are created to make sure that everyone, no matter what they are looking for, can find something that they can enjoy in the world of Forex trading. Among the account types that you can create with this Forex broker are:
These account types are very different from one another and are creating a perfect environment for any type of Forex investor. No matter you are a beginner or a well-experienced trader, you can find something that you can enjoy at this platform and this means a lot. Below, we will talk about these account types in more detail, so that it is easier for you to find something that fits all of your needs.
Silver Account – a perfect way to start trading
This account type is a perfect choice for anyone who is just starting out in this market. With the help of a silver account, as our PrimeFin broker review shows, there are many things that investors can benefit from. The leverage of trading Forex is 1:100, which is not that huge number, but still is a lot. You will get a dedicated account manager, customized investment news, and will be able to trade more than 40 currencies on the market.
If you still have not made up your mind about Forex trading and you do not feel comfortable, this account type is a perfect option.
Gold Account – get more from FX trading
If you think that the offerings of the silver account are not enough for you, the gold account might be the one to choose from. In addition to everything that silver account users can do, the gold account also offers free VPS, swap discounts, and many other things.
However, always remember that trading with high leverage is not an easy thing to do. High leverage was created for the most experienced Forex traders around the world, and you need to make sure that you know exactly what you are doing before using it. There are many people who have lost more money than they wanted to because of high leverage.
This broker makes sure to keep their investors safe, by implementing Negative Balance Protection. With this protection, you will not be able to lose more money than you have on your account, meaning that you will not end up having a negative balance on your trading account.
Trade like a pro with Platinum Account
The platinum account is a perfect choice for the most experienced Forex traders. If you could not find something that you were looking for with a gold and silver account, it is time for you to enjoy the offerings of a platinum account. Users of the Platinum account are offered special benefits that can help them in trading a lot.
Are you having a hard time understanding everything about the FX trading market? Then go with the demo account offered by this Forex broker. A demo account is a great way to learn more about trading and grow as an investor. With the help of the Demo Account created by PrimeFin, you will be able to use virtual money given to you by the Forex broker that can be used for trading.
The demo account resembles the live market very well and gives you the ability to test different tactics, come up with new strategies, and learn more about trading in general. Other than this, this account can be used by even the most experienced Forex traders to learn more about this Forex broker. It is a great way to test a broker and see if it works well for you.
How to create an account?
Once you have chosen which account type works better for you, it is now time to create the account. This process is very simple, as you have to follow just a few steps. You will have to provide general information about yourself, such as name, last name, email, phone number, etc.
After you have done so, now it is time to verify yourself. This is needed because this Forex broker follows the KYC policy, which means that they have to make sure that they know exactly who is trading with them. The Know Your Customer policy is very important because it ensures that the market is as safe as possible for everyone involved. This includes both brokers and investors.
The process of registering is very easy, it takes under a few minutes and you can go on with depositing funds once you are done with the creation process of your account.
After you have created your trading account, it is time to deposit funds. Our review of PrimeFin shows that there are many opportunities that traders have in this regard, and it can be done in a few minutes. You can use everything such as bank payments, credit/debit cards, online payment solutions, etc.
The greatest thing about the payment methods of this Forex broker is that there are no commissions or fees for deposits and the payments are made in a very timely manner.
Trading platforms – what can you use at PrimeFin?
PrimeFin review shows that this Forex broker offers several trading platforms, created so that the investor can have the maximum comfort while trading. The broker offers WebTrader, which is a browser-based trading platform of more popular MT4, which was created by a Russian company called MetaQuotes exactly 15 years ago, in 2005. Over the years, many people started using it, and is loved by many investors.
WebTrader is very similar to MT4 and offers traders the ability to invest in a very diverse market without having to download any additional applications on your computer. It is a very comfortable process and does not take much time to start using the platform. Also, it is very user friendly and can be very easily used by any type of Forex trader, no matter how much of an experience they have.
Mobile trading at PrimeFin
We were very glad to see that this Forex broker offers investors the ability to trade Forex with their mobile phones. The Forex trading market, in general, is known for being very active when it comes to developments in the tech world, and it has used everything that this century had to offer.
Today, Forex trading is using smartphones very actively and it is a very great thing. With the help of the application created by the broker, users of both, Android and iOS devices can trade Forex without any problems. It is especially good news for those who are always on the go since they can stay connected with the market at all times.
Learn more about Forex trading with PrimeFin
One of the greatest things about this Forex broker is that it works very hard to make sure that every single investor has the ability to learn about Forex trading and become a more successful trader. In the world of Forex, one of the most important things is education because it is what gives you the ability to make the right decisions.
The fact that this broker offers detailed educational material to investors means that it really cares about the success that their customers can have. In the world of Forex, education is very important, especially when it comes to updates on the market. This Forex broker offers analysis about the ongoing events on the market, which gives investors the ability to always stay in touch with the evens and make their decisions according to these changes.
The website of PrimeFin – is it useful?
While reviewing PrimeFin, we focused on every little detail. We were very glad to see that the website of the broker looks very good. The information on the website is provided very logically, and no matter what type of information you are looking for, you will be very easy to find it in just a few clicks. The great thing also is that there are many pages on the website, which makes it a lot easier to find the information that might be somewhat important for every investor. The website looks very well-developed, and it is very user-friendly.
Customer support team
In the world of FX trading, probably one of the most important things is to be able to get the help that you might need at any time of the day. With this Forex broker, there are several ways you can get help. The customer support team can be contacted with the help of the live chat, e-mail, or special phone number.
We tested out all of these three options and finally were able to see that the most useful one is the live chat. The live chat can be accessed from any page on the website, the customer support team replies in no time, it takes just a few minutes. It is the fastest way to get the help that you might need.
Although it takes a little longer to use phone numbers or emails, they are also very helpful. The customer support team is very friendly and is doing its best to make sure that every question and concern of Forex traders at PrimeFin are met and resolved.
Is PrimeFin a legit Forex broker?
After working on the review of the PrimeFin FX broker for a very long time, we found that this Forex broker is working very hard to make sure that the users of it stay as safe as possible. The services of this broker turn out to be one of the best on the market, they offer more than 350 trading instruments, which include every popular asset.
The broker is very well-developed, and thanks to the trading platforms that it is using, the speed of execution is very fast. The broker follows a very strict regulatory framework, which makes sure that the investors using this Forex broker can stay safe at any moment.
Because of this and many other reasons, we recommend this Forex broker to our readers and we believe that everything that you do at this broker can be very safe and secure. So, do not hesitate, go on the official website of this broker and start trading today!