PrimeFin Review : All you need to know about the broker

March 25, 2024 Courses

PrimeFin is a well-established financial service provider and broker that provides the benefit of quick trading service with instantaneous access to more than 10,000 markets. The main concept that runs in the blood of the broker is of “speed”. The broker believes in rendering top-notch trading services and functionalities and keeping up with the ever-changing, fast, dynamic trading environment.

If you are looking for the speediest and swift trading services with extra-intellect trading features, then PrimeFin is the right stop for you.

What is so unique about trading with PrimeFin?

Trading Speed: With PrimeFin, execute your trade in the fastest way possible. The broker offers instant access to 10,000+ markets with an easy registration process.
Market Victories: Control your bids and keep a full track of the markets. No matter where you are, you can easily trade via your mobile phone with instant market notifications. Do not ever miss a beat of the market while trading with PrimeFin.
Superior Knowledge: Facilitate skilful and smart trade with PrimeFin. Learn as you trade the market with an expansive range of educational martial and numerous analytical tools. Go from beginner to expert in just some days.
Accelerated Trading: Adapt to the dynamic market conditions with ease. With more than 350 assets and an active community of masterly and accomplished traders, accelerate your trade and turn it into solid victory.

Summary

Headquarters: Labuan, Malaysia
License and regulation: Labuan Financial Services Authority (LFSA)
Foundation: 2020
Leverage: up to 1:500
Minimum spread: 0.03
Minimum deposit: 100 dollars
Account Types: Silver, Gold, and Platinum
SSL and Firewalls

PrimeFin Safe or Scam?

For a broker to be highly safe for trading, it must be regulated from a least one top tier regulatory authority. Here are the facts on safe trade that go hand in hand with PrimeFin:

PrimeFin is the trading name of Caps Solutions Limited. The company is incorporated under the regulations and laws of Labuan.
Registration Number: LL16622
PrimeFin is regulated and licensed by the Labuan Financial Services Authority (LFSA).
License Number: MB/20/0052
The broker is also an active member of the Investor Compensation Fund (ICF) committed to protecting clients from any malice and fraud.
Apart from this, there are other policies of PrimeFin that function directly in safeguarding the interests of clients like playing it by the books of EU regulations, MiFID rules, and following the “no negative policy”.

All the points that we mentioned above clearly portray how safe your capital is with PrimeFin. The broker largely ensures that client’s capital and funds are protected with a genuine interest.

Are your data and information safe with PrimeFin?

With PrimeFin, the trader’s data and transactions are protected vis, robust IT solutions. The broker renders the following data and transaction encryption functions:

Firewalls and SSL software
Strong data encryption on every trading level
Servers in SAS 70 certified data centres

Distinctive account types to match your trading style

For unbudgeable and highly responsive CFD trading that adapts to the dynamic trading markets, the broker offers three highly customisable accounts (silver, gold, and platinum) that cater to traders trading at various levels. We will put some light on each account type and its differential features.

Silver Account

More than 350 assets to trade
Spreads starting from 0.07
Maximum leverage of 1:200
Zero deposit and withdrawal commissions
Dedicated customer support
More than 20 VODs, webinars, and eBooks
News alert
Personal manager to guide the traders in their trades
Trading signals
Allows for hedging
Available base currencies: EUR/USD, GBP/USD USD/JPY, AUD/USD, USD/CHF, USD/CAD, NZD/USD, EUR/GBP, and more

Gold Account

More than 350 assets to trade
20 minimum spreads in points
Maximum leverage of 1:400
25 per cent swap discount
Margin call/ stop-out: 100% or 50% for retail clients, 15% for professional clients.
Full access to a wide range of analytical tools
Zero deposit and withdrawal commissions
Dedicated customer support
Free VPS
Fifth decimal trading
News alert
Personal manager to guide the traders in their trades
Trading signals
Allows for hedging
Available base currencies: EUR/USD, GBP/USD USD/JPY, AUD/USD, USD/CHF, USD/CAD, NZD/USD, EUR/GBP, and more

Platinum Account

More than 350 assets to trade
Spreads start from 0.03
A minimum deposit of 100 dollars
Maximum leverage of 1:500
50 per cent swap discount
Margin call/ stop-out: 100% or 50% for retail clients, 15% for professional clients.
Full access to a wide range of analytical tools
Zero deposit and withdrawal commissions
Dedicated customer support
Free VPS
Fifth decimal trading
News alert
Personal manager to guide the traders in their trades
Trading signals
Allows for hedging
Available base currencies: EUR/USD, GBP/USD USD/JPY, AUD/USD, USD/CHF, USD/CAD, NZD/USD, EUR/GBP, and more

Free Demo Account: PrimeFin offers a free practise/ demo account for traders to practice their trades, skills, and strategies before going live in the market. A demo account is highly beneficial for new and fresh traders as they can learn from their mistakes without losing any money while trading on a demo account.

Trading instruments and products

The broker aids traders to connect with global markets by facilitating trade in an expansive range of instruments. Let us discuss the spotlights of trading each product with PrimeFin.

Stock CFDs

Speedy access to the stock market
Exquisite services
Responsive trading services
Top-notch digital maintenance

Forex CFDs

A wide selection of available currency pairs
24/7 accessibility to the market
Dedicated customer service and support
Low latency and high execution speed
Low commissions and zero fees
Cross-platform trading

Indices CFDs

Low spreads and zero commissions
Round-the-clock support
High-level data safety
Low latency and high execution speed
Cross-platform trading

Cryptocurrencies CFDs

Low spreads and zero commissions
Dedicated professional support
Speedy access to the stock market
Exquisite services
Responsive trading services
Top-notch digital maintenance

Commodities CFDs

More than 20 commodity assets to trade
Quick high-tech services and solutions
Flexible spreads and no commission
Dedicated support service
More than 20 large-scale markets

Metals CFDs

Low spreads, no commission
Dedicated professional support
Speedy access to the stock market
Exquisite services
Responsive trading services
Top-notch digital maintenance

Efficient trading platforms

PrimeFin offers MT4 trading via effective and efficient WebTrader and mobile applications. The platforms are highly smooth and butter with structured functionalities.

Features of PrimeFin WebTrader:

One-click trading functionality
Variety of trading execution modes: Instant execution, two markets, four pending and two stop orders, and a trailing stop function.
An expansive analytical toolkit
Instant access to all your trades and bids
MT4 trading option
Real-time balance level
Automatic Stop Loss/Take Profit functions
In-platform price alerts
Live chat and dedicated support
Free educational hub

Features of PrimeFin mobile application:

One-tap trading functionality
Nine varied timeframes: M1, M5, M15, M30, H1, H4, D1, W1, and MN are available.
More than 60 analytical tools
Instant market notifications
MT4 trading platform access
High-frequency trading
Real-time balance level
Automatic Stop Loss/Take Profit functions
In-platform price alerts
Convenient sweep & trade user experience
Live chat and multilingual support
Free educational hub

Account Opening

The broker renders an easy five-step account opening process.

Step 1: In the first step, you have to open an account by giving in details like name, email, and creating a password.
Step 2: In the second step, more vital information regarding you and your trade is to be filled in.
Step 3: In the third step, a deposit of funds will take place.
Step 4: In the fourth step, a questionnaire regarding your trade needs to be filled in. This will help brokers understand your trading goals and style.
Step 5: The fifth and the last step involves verification and documentation.

The broker’s account opening process might seem a bit lengthy, but it is done so that your trade could be curated personally and safely for you. PrimeFin believes in building a faithful and safeguarded community of traders.

Commission and fees

PrimeFin offers low-cost trading services to its clients. The broker is a commission-free service provider, and there are no charges incurred on deposit and withdrawal of funds.

The broker mainly makes earnings through spreads. Spread refers to the gap between the “bid” and the “ask” price. Other charges include the overnight fee, inactivity fee, and swap charges. The broker offers a substantial discount of up to 50 per cent on swap charges.

We think that the trading charges of PrimeFin are quite low depending upon the top-class services it renders.

Leverage

PrimeFin renders a fair maximum leverage of 1:500. Here is the planned leverage that brokers provide on various trading products among different account types.

Products	Silver	Gold	Platinum
Stocks	1:20	1:50	1:50
Commodities	1:50	1:125	1:125
Indices	1:50	1:125	1:125
Metals	1:50	1:125	1:125
Forex	1:200	1:500	1:500

Deposit and Withdrawal

The deposit and withdrawal of funds are very swift and easy to facilitate with PrimeFin. The broker incurs no charges on either deposit or withdrawal. There are several methods for deposit and withdrawal of funds with the broker like MasterCard, Visa, credit/debit cards, and crypto wallet.

Research and Education

Both education and research constitute a crucial part of the entire trading mechanism. Educational material helps traders and investors enhance their skills and apply those into their trades practically. At the same time, research tools aid traders in making righteous trading decisions and depicting the exact exit and entry points in the trading positions. Thus, both educational and research tools help in increasing the profitability of the trades.

That said, PrimeFin offers a vast range of research and educational tools, which include:

VODs
Ebooks
Courses
Tutorials
Trading Signals
Economic Calendar
Report Season Calendar
Trading Signals
Daily News

Customer support and service

PrimeFin offers dedicated customer support from Monday to Friday; 8:00 – 18:00 GMT. The broker’s professional support is quick and rapid to solve the queries and issues of the clients at the earliest. The broker also provides for a live chat feature for the most instant redressal of queries.

The following contact details are available on the website of the broker:

Phone: +27 418800785

Email: support@primefin.com

Advantages of trading with PrimeFin

There are numerous ways in which PrimeFin stands out in the trading market. Here are some advantages of trading with the broker:

Advanced trading platforms like WebTrader and MetaTrader 4.
Leverage up to 1:500
Minimum deposit as low as 100 dollars
No commission charges and low spreads
Cross-platform trading
High-level encryption via Firewalls and SSL
Regulated by Labuan Financial Services Authority (LFSA)
24/7 dedicated customer support
Low latency and high execution speed
Free demo account
Free educational hub
Wide range of analytical and research tools
No deposit or withdrawal charges

The final verdict for PrimeFin

PrimeFin is a relatively new broker and walks hand in hand with the fast pacing trading technology. The broker offers some of the most high-tech and advantageous features in its trading service. PrimeFin is regulated by the Labuan Financial Services Authority (LFSA), ensuring immense safety of trade and capital. More than 350 assets are offered by the broker to trade in 10,000+ markets. Moreover, the trading charges are pretty less looking at the top-notch services of the broker.

We highly recommend trade through PrimeFin as it one of the finest forex trading brokers available in the market at current times.

FAQs

What kind of research and education material is offered by PrimeFin?

PrimeFin offers an expansive range of education and research material that involves VODs, Tutorials, Courses, Ebooks, webinars, daily news, report season calendar, trading signals, and an economic calendar.

Check PrimeFin Broker Here

What are the cons of trading with PrimeFin?

There are numerous advantages associated with trading with PrimeFin. Some major ones are listed below:

Leverage up to 1:500
Minimum deposit as low as 100 dollars
Low latency and high execution speed
Free demo account
Free educational hub
No deposit or withdrawal charges
No commission charges and low spreads
Regulated by Labuan Financial Services Authority (LFSA)

What is the commission and fee structure of PrimeFin?

PrimeFin offers commission-free trading. The broker majorly earns via spreads. Other charges include rollover fees, inactivity fees, and swap charges. The broker offers discounts on swaps in gold and platinum trading accounts.