PrimeFin Review 2022: Scam or Legit?

1. PrimeFin Review 2022: Scam or Legit? fxreviewtrading.com/broker/primefin-review Min Deposit $250 Min Spread 0.07 Regulation LFSA Demo Account The Forex market is one of the most dynamic and competitive markets in the modern period where companies, individuals, and financial institutions exchange currencies. To start trading Forex, a trader first needs to open an account with a good brokerage platform and one such broker is PrimeFin. The broker operates under Caps Solutions Ltd, a company incorporated in Labuan. The main goal of this global brokerage firm is to provide clients with quick trading. More than 350 trading assets are available, including Forex, crypto currency, stocks, commodities, market indexes, and precious metals. Furthermore, it provides traders with access to multiple markets. The broker has quickly risen to the top of the market thanks to its exceptional trading services, including a cross-functional trading platform, multi-device trading apps, instant execution, quick withdrawal, top-notch data protection, and more. 1/7

2. The Labuan Financial Services Authority (LFSA) regulates and authorizes the broker. With a maximum leverage of 1:100 and minimum spreads of 0.03, the broker offers commission-free trading service to its clients. In addition, the broker’s customer service team is accessible to assist customers 24 hours a day, five days a week. To provide clients with a high level of security, the broker uses firewalls and SSL software. Is PrimeFin A Scam Broker? PrimeFin is an entirely legitimate and regulated broker that offers to trade on over 350 different assets. This legit broker operates under Caps Solutions Ltd. In addition, the Labuan Financial Services Authority (LFSA) has granted a license to this brokerage platform with the number MB/20/0052. The company’s registration number is LL16622. Caps Solution UK Ltd, the owning firm, is located at Almack House 26-28 King Street, London, England (UK) and serves as broker’s payment processor. The holding company is licensed under the number 12734767. Furthermore, the broker adheres to all financial authorities’ rules and regulations, such as the EU, MiFID, and Investors Compensation Funds (ICF), which operate in the client’s best interests and safeguard them against fraud. The broker follows securities commissions’ rules and regulations, such as the EU’s MiFID, and retains clients money in segregated bank accounts for security. Furthermore, the broker provides their clients with a high level of protection via a firewall and SSL software. As a result, it is a trustworthy and a well-regulated broker. Pros and Cons: Pros Highly Regulated No minimum deposit 300+ Trading Instruments User-friendly Trading Platform Quick Trade execution Cross-functional platform Advanced MetaTrader4 (MT4) trading platform Top-notch data safety Multi-device trading apps 24/7 Dedicated Customer Support Advanced Educational Support Offers Crypto trading 2/7

3. Instant access to advanced trading platform Tight spreads for live trading account starts from 0.3 pips Cons No MetaTrader 5 No Islamic Account option Types of Trading Accounts Offered: Silver, Gold, and Platinum are the three types of retail investor accounts offered by PrimeFin. All of these trading accounts include a variety of features such as minimum deposit, number of assets, educational resources, spreads, leverage, and more to meet the needs of different clientele. The broker also offers a demo account with identical features and similar conditions to a live trading account. However, the broker doesn’t offer Islamic account option. Here are some features of these account types: Silver Trading Account 350+ financial assets Zero Withdrawal & Deposit Commission Hedging is allowed Educational resources Spreads as low as 0.07 $250 Minimum deposit Maximum Leverage 1:100 Dedicated Account manager Customized investment news Available popular currency pairs: EUR/USD, EUR/GBP, GBP/USD, USD/CAD, USD/JPY, GBP/USD, USD/CHF, AUD/USD, EUR/USD, NZD/USD. Instant access to major financial markets Gold Trading Account 350+ financial assets No Withdrawal & Deposit Commission Minimum deposit: $250 Spreads as low as 20 points. Maximum Leverage 1:100 Customized investment news Access to educational material Hedging is allowed Fifth Decimal 25% Decimal Swap Discount Free VPS 3/7

4. Dedicated Account manager All popular currency pairs available including EUR/USD, GBP/USD, USD/CAD, USD/JPY Instant access to major financial markets Platinum Trading Account This account type is specially created for professional traders. Here are some of the key features of this trading account: $100 Minimum deposit 350+ financial assets No Withdrawal & Deposit Commission No deposit limit Hedging is allowed Spreads as low as 0.03 Maximum Leverage 1:100 Fifth Decimal Free VPS Customized investment news Access to educational material Execution model Great option for experienced day traders 50% Swap Discount Dedicated Account manager All popular currency pairs available including EUR/USD, GBP/USD, USD/CAD, USD/JPY Instant access to major financial markets How to Open an account on PrimeFin? The account opening process on this platform is quite quick and easy. Traders can open an account in five easy steps: Account, Information, Questionnaire, Document, and Deposit. First, you will see the ‘Open Account’ icon on the broker’s website, through which you’ll be redirected to the account opening application page. Traders can also access the account opening page by clicking on the link on the account details page. Here are the simple steps that you can follow to open your trading account: Firstly, you’ll need to provide personal information such as your first and last names, email addresses, country codes, phone numbers, and passwords. After you’ve filled out these fields, click the ‘Create Account‘ button. Now, you must fill out the information about your trading requirements and account type. After that, click the submit button to proceed to the next page. 4/7

5. You’ll be asked questions about your prior trading experience. Before moving on to the document page, make sure all of the information is correct. Now, follow the directions on the website page to submit your documents. The final step is to make a minimum deposit into your chosen account. The minimum deposit required is $250. Available Trading Instruments: Trading CFDs in six different asset classes is possible with PrimeFin, including Forex, Crypto, Stocks, Indices, Precious Metals and commodity trading. Each trading asset’s qualities and functionality are outstanding and well-defined. Trading instruments available on the platform include: Foreign exchange (Forex): It is the largest, most liquid, high risk and huge trading markets.There are more than 40 forex currency pairs are available to trade. You can trade CFDs on minor, major, and exotic currency pairs, including NZD/USD, EUR/GBP, CAD/NZD, USD/EUR, and many more in the currency exchange market. Stock trading: It allows trading CFDs on a wide range of small to large-cap companies. For example, you can trade CFDs on stocks like Apple, Google, Facebook, Amazon, and more. Indices trading: Indices are the basket of domestic and US stocks. You can start trading CFDs on the most popular indices and actual stock market indexes, including Dow Jones Industrial Average, Nasdaq, FTSE 100, S&P 500, etc. Cryptocurrency trading: CFDs on various popular cryptocurrencies are available. The broker offers Bitcoin, Ethereum, Polkadot, and more. Trading in crypto involves high risk, so make you decisions wisely. Commodities trading: Both hard and soft commodities are available for trading on this brokerage platform. You can trade CFDs on livestock and agricultural products like meat, pork, wheat, sugar, soy, and more. Metals trading: You can start trading CFDs on metals like silver, gold, platinum and other precious metals. Commission, Fees, and Spreads: Clients can use the broker’s services without paying a commission. In addition, PrimeFin offers competitive spreads that vary depending on the instrument. Spreads are determined by three key factors: account types, assets traded, and market circumstances. Commission-free trades with a modest spread and decimal swap discount are some of the features of the broker. On its many account kinds, the broker offers substantial swap discounts. The spreads cost is as low as 0.07. 5/7

6. The Silver Account offers 30 minimum spread in points and a 600 maximum spread in points. The Gold account offers 25 minimum spread in points and 550 maximum spread in points. The minimum spread in points for a Platinum account is 20, and the highest spread is 500. Maximum Leverage: For all three accounts, the broker offers maximum leverage of 1:100 and minimum leverage of 1:2. Thus, it provides industry-best leverage levels to its traders; however, keep in mind that high leverage comes with high risk, meaning that many traders may lose money quickly and some may even lose their invested capital. Here is the leverage offered in various assets classes. Forex: 1:100 Metals: 1:25 Indices: 1:25 Commodities: 1:25 Stocks: 1:10 Crypto trading: 1:2 How to Deposit and Withdraw Funds on PrimeFin? To open an account on the broker’s website, the minimum deposit required is $250. In addition, the broker doesn’t charge any deposit fees. There are a plethora of additional withdrawal options available on broker websites. The withdrawal request is processed within three business days, according to the broker’s norms and regulations. You can fund your account using your preferred payment method. The various payment options available are Skrill, Neteller, bank wire transfer, MIR Limited, Safecharge, SSL, Orange Pay, and more. You can withdraw your funds using the same method. Different Trading Platforms Available: For web and mobile trading, PrimeFin provides innovative and popular trading platforms. The complete surfing experience using the brokerage firm’s trading platforms is equipped with simple, structured tabs and navigation systems with classified functionality. Traders can begin their trading careers by using high terminals with this Forex broker. MetaTrader 4 trading platforms allow traders to access a wide range of markets (Forex market, stocks, and equities market, crypto market) in the most user-friendly way possible. There is no time-consuming or additional software required to be downloaded. Simply open a web browser and go to WebTrader to begin trading. WebTrader 6/7

7. Traders can access global markets from any device or browser without having to download any additional software. The multi-asset trading platform WebTrader also includes one-click trading, multiple trade execution modes, an analytical toolbox, and a historical record in the huge financial market of Forex and CFDs trading. Automatic Stop Loss/Take Profit functions to minimize your high risk chances Free learning center Real-time balance level In-platform costs alerts Multiple chart windows One-click account switching Inherent platform support Live chat Dedicated customer support. MetaTrader4 (MT4) MetaTrader4 (MT4) is the most common and popular trading platform among traders. It is well-known for its built-in features, including high execution speed, multiple trade execution modes, an analytical toolbox, and order history. Traders can use their mobile, laptop, or PC to access this platform. The MetaTrader4 trading platform supports both Android and iOS. In addition, traders can use any browser to access this trading platform. The platform also help traders in building good trading strategies. 7/7