PrimeFin

Positive
Neutral
Negative
4.9
4.9/5
4.9
4.9/5
Positive
Neutral
Negative

PrimeFin Review: Experience and Test in 2022

71% of retail investor accounts lose money, …

PrimeFin

4.9

4.9/5

PrimeFin

4.9

4.9/5

Overview

PrimeFin is the fastest emerging broker website that is operated by Caps Solutions LTD. The brokerage firm follows the laws of Labuan. It is regulated by LFSA (Labuan Financial Service Authority) and bears the registration number LL16622. It operates from two different countries, the United Kingdom and Malaysia. In addition, the financial service provider is the digital sponsor of the Argentine National soccer team, led by Lionel Messi. Thus, it has created a global reputation in a short span. 

The broker is known for its flexibility in CFD trading and offers several instruments to its clients for investment and creating a better portfolio.

Is PrimeFin Scam? Regulations 

The PrimeFin is a regulated broker that follows guidelines and the laws of two different nations; Malaysia and the United Kingdom. It affirms the authenticity of the financial service provider. The broker website is operated by Caps Solutions UK Ltd and Caps Solutions Ltd. 

Its registered address in Malaysia is Unit B Lot 49 1st Floor Block F Lazenda Warehouse 3 Jalan Ranca-Ranca 87000 FT Labuan. 

The registered office address in the UK is Almack House 26-28, King Street, London, England. 

So, traders or investors can visit these offices and substantiate how genuine is the broker. Moreover, it has a registration number in Labuan, which is LL16622. Furthermore, its registration number in the United Kingdom is 12734767. Finally, the license number offered by LFSA is MB/20/0052. Thus, the broker entirely complies with all rules and regulations, which indicate that it is genuine and not a scam. 

 

Request a Callback

from one of our recommended brokers.

4.9
4.9/5

Our recommendation: Trading at PrimeFin

  • Fifth decimal available 
  • Spreads begin from 0.03 pips
  • Commission is zero  
  • Full 10-hour support  
  • News alerts and VPS for traders

Advantages and disadvantages of PrimeFin

  • Highly Regulated
  • 300+ Trading Instruments
  • User-friendly Trading Platform
  • 24/7 Dedicated Customer Support
  • Advanced Educational Support

 

  • MT5 Absent

 

PrimeFin Review: Trading Account Types 

For assisting the lightning-fast CFD trading, the financial service provider offers the best trading accounts to users. They are flexible and render customisable features and characteristics that exalt the trading skills of a client. Moreover, utilising them is simple for both fledgling and veteran traders. 

The account types Silver, Gold and Platinum coincide with investors’ strategies and help them make an expert of the trading domain. Additionally, fulfil their ambitions of garnering huge returns on investments. 

Silver Account 

For any trader looking to begin trading, the Silver Account offered by PrimeFin fits the bill perfectly. They can experiment with trades, learn the skills to sustain in the fast-paced financial markets, and find a holistic approach to gain momentum in investment. In addition, a novice trader can learn to trade on more than 350+ CFD assets. It is coupled with several advanced features that make trading seem simple. 

Features of Silver Account 

  • Webinars and videos are available 
  • Full 10-hour support
  • Trading signals are available
  • Get a personal manager
  • Receive facility of hedging 
  • Get the latest news alerts and create strategies
  • Spreads start from 0.7 
  • Access more than CFD assets for trading 
  • There is no commission on the deposit
  • Pay no withdrawal commission 
  • The maximum leverage is up to 1:100
  • Full customer care support from 8.00–22.00 GMT
  • Available base currencies: USD/CHF, EUR/GBP, NZD/USD, USD/CAD, EUR/USD, AUD/USD, USD/JPY, GBP/USD etc. 

Leverages with Silver Account 

  • Stocks             1:10
  • Forex 1:100
  • Commodities 1:25
  • Cryptocurrencies 1:2
  • Indices             1:25
  • Metals             1:25

Silver Account spreads in points 

  • EUR/GBP 41
  • DAX 600
  • NZD/USD 85
  • Crude oil 60
  • USD/CAD 41
  • EUR/USD 30
  • USD/JPY 35
  • USD/CHF 41
  • Gold 300
  • GBP/USD 35
  • AUD/USD 85

Gold Account 

If a trader is looking to level up the trading after gaining some experience through the Silver Account, the Gold Account is their best bet. It offers some enhanced features and gives elevated liberty to experiment more in the financial market. In addition, a user can soar to new heights by getting to know the diversity of various trading instruments. The compelling spreads and leverage offer an enhanced experience to traders, 

Features of Gold Account 

  • Webinars and videos are available 
  • Full 10-hour support
  • Trading signals are available
  • Get a personal manager
  • Traders get the fifth decimal 
  • Receive facility of hedging 
  • Get the latest news alerts and create strategies
  • Access more than CFD assets for trading 
  • There is no commission on the deposit
  • Pay no withdrawal commission 
  • The maximum leverage is up to 1:100
  • Full customer care support from 8.00–22.00 GMT
  • Available base currencies: USD/CHF, EUR/GBP, NZD/USD, USD/CAD, EUR/USD, AUD/USD, USD/JPY, GBP/USD etc. 
  • Get the free VPS service
  • The fifth decimal is available 
  • Swap discount is 25 per cent for additional savings
  • Heightened scope of analytical tools
  • The minimum spreads in points is 20 
  • For professional clients, the margin call/ stop out is 15 per cent
  • For retail clients, a margin call is 100 per cent while stop out is 50 per cent 

Leverages with Gold Account 

  • Stocks             1:10
  • Forex 1:100
  • Commodities 1:25
  • Cryptocurrencies 1:2
  • Indices             1:25
  • Metals             1:25

Gold Account spreads in points 

  • EUR/GBP 26
  • DAX 550
  • NZD/USD 64
  • Crude oil 50
  • USD/CAD 26
  • EUR/USD 25
  • USD/JPY 30
  • USD/CHF 26
  • Gold 250
  • GBP/USD 30
  • AUD/USD 64

Platinum Account 

The account belongs to seasoned traders who have got over the feeling of losing funds. Veterans traders, who need robust conditions to earn more money and make the maximum of the given situation. The warp connectivity and speed, 350+ CFD assets for trading, instant execution with customising space make the trading account suitable for experienced traders. The features and characteristics are USPs of the trading account. 

Features of Platinum Account 

  • Webinars and videos are available 
  • Full 10-hour support
  • Trading signals are available
  • Get a personal manager
  • Traders get the fifth decimal 
  • No limits to deposit money 
  • Receive facility of hedging 
  • Get the latest news alerts and create strategies
  • Access more than CFD assets for trading 
  • There is no commission on the deposit
  • Pay no withdrawal commission 
  • The maximum leverage is up to 1:100
  • Full customer care support from 8.00–22.00 GMT
  • Available base currencies: USD/CHF, EUR/GBP, NZD/USD, USD/CAD, EUR/USD, AUD/USD, USD/JPY, GBP/USD etc. 
  • Get the free VPS service
  • The fifth decimal is available 
  • Swap discount is 50 per cent for additional savings
  • Heightened scope of analytical tools
  • The spreads start from 0.03 
  • For professional clients, the margin call/ stop out is 15 per cent
  • For retail clients, a margin call is 100 per cent while stop out is 50 per cent 
  • Execution model: MT4 Cent, MT4NC, CMT4NDD and MT4 Fixed

Leverages with Platinum Account 

  • Stocks 1:10
  • Forex 1:100
  • Commodities 1:25
  • Cryptocurrencies 1:2
  • Indices 1:25
  • Metals 1:25

Platinum Account spreads in points 

  • EUR/GBP 19
  • DAX 500
  • NZD/USD 47
  • Crude oil 50
  • USD/CAD 19
  • EUR/USD 20
  • USD/JPY 25
  • USD/CHF 19
  • Gold 200
  • GBP/USD 25
  • AUD/USD 47

PrimeFin Review: Account Opening 

For opening an account on PrimeFin, a candidate needs to follow a few simple steps. The registration process happens instantly, and soon after, a trader can begin bidding in the market. So, get complete control over the bidding and track the market. 

Step 1

  • Visit the official website of PrimeFin and provide your full name, phone number, email address, followed by a strong password. Confirm that you are above 18 years of age and want to receive regular updates from the broker over market changes. 
  • The account gets created.

Step 2

  • Offer additional information to the broker for further acknowledgement. 

Step 3

  • Answer the questionnaire asked by the broker.

Step 4

  • Provide government Ids and documents like electricity bills, passports and others for substantiating whether the information offered by the candidate is right or not. 

Step 5

  • After all formalities are completed, deposit in your bank account and start trading. 
4.9
4.9/5

Our recommendation: Trading at PrimeFin

  • Fifth decimal available 
  • Spreads begin from 0.03 pips
  • Commission is zero  
  • Full 10-hour support  
  • News alerts and VPS for traders

PrimeFin Review: Trading Instruments 

The broker offers several trading instruments or products for trading in the financial market. 

  • Indices
  • Commodities
  • Stocks 
  • Cryptocurrencies 
  • Metals
  • Forex

Forex: Trade CFDs on more than 40 currency pairs, including HKD/JPY to EUR/GBP. Traders can trade major, minor and exotic currencies. 

Cryptocurrencies: Trade CFDs on virtual currencies like litecoin, bitcoin, ripple, ethereum and others. 

Indices: Select CFDs among the topmost indices, including Nasdaq100, DAX30 and DOW30. 

Stocks: Explore CFDs on the best company stocks, including Tesla, Apple, Amazon, Walt Disney etc. 

Metals: Diversify your portfolios by trading CFDs on precious metals like platinum, gold and silver. 

Commodities: Apply CFD trading on iron ore, coffee, sugar, crude oil etc. 

PrimeFin Review: Commission and Spreads 

The financial services provider charges no commission on funds withdrawal and deposits. So, traders can transact money innumerable times in their accounts. 

Moreover, the minimum spread offered by the broker is 0.3 pips. It is provided to the Platinum Account holder.

ProvidersPrimeFin
Swap chargesClients get 50 per cent discount
SpreadsThe minimum spread is 0.03 pips
Deposit commissionNot applicable
Currency conversionNeed to pay fees

PrimeFin Review: Leverage:

PrimeFin broker offers a high leverage service to help all users earn maximum profits but at the same time don’t want them to take uncalculated risks. Notably, the maximum leverage available to users is 1:500. However, it still depends upon several other factors. It includes the time of the trade, asset type, account kind, etc.

PrimeFin Review: Deposit and Withdrawal 

The deposit and withdrawal of the broker are swift and can be initiated during specific times. For both activities, traders can use the following methods:- 

  • Bank wire transfer 
  • VPay
  • Maestro Card
  • Visa Card

PrimeFin Review: Trading platforms 

The broker is offering three of the top trading platforms that are known to expedite your trading with exceptional features and introduce you to new trading skills. 

  • WebTrader
  • MetaTrader4 
  • Mobile App 

WebTrader

If a trader does not want to make downloads and wishes to access a platform through the browser, WebTrader is the best remedy. It comes with plenty of characteristics that change the dynamics of trading in a better way for investors.

  • Different trade execution modes
  • Trailing stop function 
  • Customise your trading 
  • One-click trading option 
  • History of orders
  • Analytical toolkit 
  • Receive swift access to customisable bars
  • Monitor past activities
  • Live charts 

MetaTrader4 

The MetaTrader4 platform is an extraordinary trading platform that provides several blossoming features to users. It can be downloaded quickly, is easy to use, offers analytical tools and other features:- 

  • Real-time balance level 
  • Free educational hub available 
  • One-click account switching
  • Multiple chart windows 
  • Inherent platform support 
  • Dedicated support and live chat 
  • In-platform price alerts 
  • Take profit functions
  • Automatic stop-loss 
  • High execution speed
  • History of orders
  • Several trade execution modes
  • Get Japanese candlesticks 
  • Fibonacci Retracement

Company Details

Assets

  • Forex 40+
  • Metals
  • Commodities
  • Stocks
  • Indices
  • Cryptocurrencies

 

Basic

  • Country: Labuan
  • License: MB/20/0052
  • Regulations: LFSA

 

Customer Service

  • Phone number: +44 1215120156
  • Live Chat

 

4.9
4.9/5

Our recommendation: Trading at PrimeFin

  • Fifth decimal available 
  • Spreads begin from 0.03 pips
  • Commission is zero  
  • Full 10-hour support  
  • News alerts and VPS for traders

PrimeFin Review: Mobile App 

The broker promises the best mobile application to traders who are constantly moving from one place to another for their work. It requires a stable internet connection and connects the trader to the live market anywhere in the world. Thus, tracking the data and movement of various assets is simple. The market can be accessed 24/7 through the mobile app. 

  • Download it for free
  • Swift installation 
  • Full functionality
  • Nine different timeframes 
  • More than 60 analytical tools for traders
  • Instant market notification 
  • One-tap trading option 
  • One-click account switching 
  • Great user experience and convenient sweep
  • High-frequency trading 
  • Free educational hub
  • Real-time balance level 
  • Multilingual support

PrimeFin Review: Educational and Research Support 

To accommodate traders’ trading skills to sustain and excel in the financial market, education and research support of PrimeFin work as an elixir. 

  • Trading articles 
  • Asset hub 
  • Trading courses
  • VODs
  • Webinars 

Research Support  

  • Earnings report season
  • Trade ideas
  • Economic calendar

PrimeFin Review: Customer Support  

The customer support offers a few ways for connectivity to users:- 

  • Contact form
  • Live Chat option
  • Email id: [email protected]
  • Phone number: 27 418800785, +44 1215120156, +66 25060038

Conclusion: 

The trading broker PrimeFin is growing leaps and bounds. The financial service provider operated by Caps Solutions Ltd offers some exceptional services like instant execution, multiple chart windows, tight spreads, significant leverage, 10000+ markets and 350+ CFD assets for trading. Moreover, the broker has the best trading platforms like MT4 and WebTrader. Also, its account types make trading easier for beginner traders to professionals. 

FAQs

yes the broker offers advanced MT4 trading platform.

The broker is highly regulated and authorised by LFSA. It offers exceptional trading services and conditions

You can start your trading with minimum deposit of $250

The broker offers three type of trading account.

What people say…Leave your rating

Be the first to leave a review.

User AvatarUser Avatar
Verified
{{{ review.rating_title }}}
{{{review.rating_comment | nl2br}}}

Show more
{{ pageNumber+1 }}

Leave your rating

Get a Callback

A trusted broker will contact you today.

Name(Required)