Wednesday , March 3 2021

PrimeFin Review 2021: All you need to know about the broker 

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 Reviews

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.

  1. 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
  1. 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
  1. 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.

  1. Stock CFDs 
  • Speedy access to the stock market
  • Exquisite services
  • Responsive trading services
  • Top-notch digital maintenance
  1. 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
  1. Indices CFDs 
  • Low spreads and zero commissions
  • Round-the-clock support
  • High-level data safety
  • Low latency and high execution speed
  • Cross-platform trading
  1. 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
  1. 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
  1. 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.