PrimeFin Review 2021: Why PrimeFin is the best broker? Detailed review
Every trader wants the ultimate trading comfort and favourable conditions from their respective brokers. But the process of choosing the broker can be overwhelming, and it requires you to be aware of the unregulated ones to avoid potential scams. Moreover, trading in different international markets needs a good and secured trading platform where you can monitor your trades efficiently. Apart from that, your funds should be in a segregated bank account to ensure their safety.
The broker PrimeFin is a well-known broker for providing or fulfilling the above conditions for their clients. This detailed review will tell you why PrimeFin is one of the best brokerage firms for you, whether you are a beginner, experienced or a professional trader.
What is PrimeFin?
PrimeFin provides its users with the best possible trading experience by allowing them to trade in a variety of asset classes, including foreign currency, indices, equities, cryptocurrencies, commodities, bullion, and exchange-traded funds (ETFs). PrimeFin is a well-known online forex broker with a variety of services and favourable terms. The forex broker offers high-performance trading platforms, such as Webtrader and MetaTrader 4, as well as a mobile app that is easy to use.
The brokerage firm is highly regulated by the Labuan Financial Services Authority (Labuan FSA). Caps Solutions Ltd. operates the broker under the laws of Labuan. It provides you with an ideal trading environment in which you may obtain market signals and apply them to increase the profitability of your trading.
Take advantage of the regulated trading environment
- Cross trading platform
- More than 350 assets
- Instant execution
- LFSA regulated
- MetaTrader 4 (MT4) trading software
- Multi-device trading apps
- Top-class data safety
- Free education materials
- Fast withdrawals
Features and Options
The brokerage firm primarily offers three different types of trading accounts: Silver, Gold, and Platinum. Account facilities can be accessed to uncover possible rewards based on trading experience. Then, depending on their convenience and risk tolerance, consumers can switch to other account tiers.
Traders can hone their skills and techniques by using the financial service provider’s free demo account. With these three account tiers, all PrimeFin traders of varying experience levels, from newbie to highly experienced, can participate based on the risks and financial capabilities they are willing to take.
Silver account
- Leverage up to 1:100
- Spread as low as 0.07
- No commission on deposit and withdrawals
- Hedging is allowed
- Ebooks, VODs, webinars and articles
- Customised investment news
- Dedicated account manager
Gold account
- Free VPS
- Access to the fifth decimal
- 25% Swap discount
- Minimum 20 spreads points
- Leverage up to 1:100
- Hedging is allowed
- Margin call/Stop-loss order
- Customised investment news
- Dedicated account manager
Platinum account
- Free VPS
- Access to the fifth decimal
- 50% Swap discount
- No deposit limit
- Spread as low as 0.03
- Leverage up to 1:100
- Multiple execution modes
- Hedging is allowed
- Customised investment news
- Dedicated account manager
Is trading financial derivatives for me?
With PrimeFin, you can trade derivative forms of the assets or the exchange-traded funds (ETFs) on several assets, including commodities, cryptocurrencies, Forex currency pairs and more. Traders take advantage of the price movements with financial derivatives and make money by speculating on them.
Tradable assets
As you may be aware, PrimeFin provides a diverse range of trading products. There are around 350 instruments available, including Forex currency pairings, equities, indices, cryptocurrencies, commodities, metals, and exchange-traded funds (ETFs). With the brokerage firm, you can trade in global markets with ease. So if you want to diversify your portfolio by investing in a variety of assets, PrimeFin is a great way to do so.
Traders typically invest in one instrument while branching out into several businesses to diversify their portfolios. Diversifying a portfolio by investing in diverse assets connected with a single sector has proven a better strategy.
Cryptocurrency trading
PrimeFin allows you to invest in prominent cryptocurrencies such as Bitcoin, LitecoinRipple, and others. As a result, you can gain access to strong liquidity in the bitcoin market through this financial service provider.
Stock trading
PrimeFin allows you to add stocks from all small to large-cap corporations and tech behemoths such as Adobe Systems Inc., AirBnB Inc., 3M, JP Morgan, Tesla and others to your investment portfolio. The stock market’s high volatility is a significant factor driving global investors’ interest in international stocks. You can invest in such large-cap companies via PrimeFin to diversify your portfolio.
Commodity trading
You can trade hard (natural gas, crude oil, iron ore, and precious metals) and soft commodities (Livestock, sugar, soy, grains, corn, etc.) using PrimeFin. In addition, the firm allows you to trade CFDs on multiple commodities.
Indices trading
Popular indices such as the NASDAQ, S&P 100, Nikkei, and others are available for trading. By PrimeFin, in important indices, you may increase your financial opportunities and diversify your portfolio. Because they cover equities of all mega-companies, the popular indices are often known as baskets of stocks.
Forex trading
PrimeFin provides high liquidity of currency pairs (popular and exotic) for optimum profit to clients. The foreign exchange market is the largest financial market on the planet. From EUR/USD to USD/ZAR, PrimeFin offers more than 40 currency combinations. Trading CFDs on these prominent currency pairs is available through the Forex brokerage firm.
Trading Platform
PrimeFin offers a variety of trading platforms, including Webtrader and MetaTrader 4. (MT4). The brokerage’s trading platform Webtrader, like MetaTrader 4, is fully encrypted and assures the safety of the client’s funds.
Webtrader
Webtrader offers traders a smooth and enjoyable trading experience. Multiple financial markets make it simple to buy and sell assets. PrimeFin’s webtrader is technologically savvy enough to provide simple one-click trade options as well as multilingual support. Furthermore, there is a comprehensive range of built-in analytical tools, allowing you to stay up to current on market circumstances at all times.
Webtrader allows you to do a complete technical analysis and trade accordingly, utilising the analytical instruments sensibly.
- One-click account switching
- Real-time balance level
- Track order history
- In-platform price alerts
- Automated Stop Loss/Take Profit functions
- Analytical toolkit
- Inherent platform support
- Multiple chart windows to compare various assets
- Live chat and dedicated customer support
- Free education and research support
MetaTrader 4
MetaTrader 4 is a multi-award-winning trading platform that is well-suited to traders of all skill levels. As a result, it is one of the most widely used trading platforms worldwide. With a single click on your device, you may gain immediate access to the world’s largest financial markets.
Android, iOS, and Mac OS X are all supported by MT4. While trading with PrimeFin, you can access MT4 from your desktop, mobile device, or other devices.
- In-platform price alerts
- One-click account switching
- Real-time balance level
- Inherent platform support
- Fast trade execution
- Automatic Stop Loss/Take Profit
- Multiple chart windows to compare various assets
- Live chat and dedicated support
- Free educational hub
Mobile trading platform (Mobile App)
In your trading journey, the mobile app is an added technological edge. Online trading has grown more accessible as mobiles have evolved. The best aspect is that you may use your mobile device to access all 350+ products and CFDs. The PrimeFin trading app is available for both iOS and Android devices.
- Real-time balance level
- Convenient sweep and trade
- One-click account switching
- Automatic Stop Loss/Take Profit
- In-platform price alerts
- More than 60 analytical tools
- High-frequency trading
- One-tap trading options
- Instant updates from global markets
- Live chat and multilingual support
- Free educational hub
Is PrimeFin Safe?
PrimeFin is a forex brokerage firm registered by the Labuan Financial Services Authority (LFSA). LFSA is a reputed financial authority that keeps a careful eye on the broker’s actions and behaviour. The MT4 is a fully encrypted platform that keeps all transactions safe and secure. Furthermore, because it offers MetaTrader 4, the reputable online broker is sufficiently protected.
PrimeFin ensures that all funds are kept in a separate bank account for all clients. As a result, you do not have to worry about the money laundry as the broker fulfils anti-money laundering requirements (AML).
Caps Solutions Ltd is the company that is authorised and controlled by LFSA under licence number MB/20/0052. The company is registered at Unit B, Lot 49, First Floor, Block F Lazenda, Warehouse, 3 Jalan, Ranca, Labuan 87000 Malaysia.
Key Takeaways
PrimeFin does not charge trading commissions. Among the numerous asset classes, the brokerage business offers tight spreads. When you trade in CFDs underlying multiple assets with the broker, it charges very cheap spreads. Spreads change depending on the trading conditions.
PrimeFin provides its clients with various instructional and research tools to help them learn, analyse market circumstances, and trade appropriately. For example, on the broker’s education centre, you’ll find trading articles, earnings reports of important market participants so you can mimic their trades, an economic calendar, and many more resources related to trading.
Traders can use the leverage offered by the PrimeFin according to their trading experience and risk tolerance. Variable asset types, accounts, and trade sizes all have different levels of leverage.
The PrimeFin support is available 24 hours a day, five days a week. In addition, traders can communicate with customer service representatives by live chat, contact form, and email.
Phone: +44 1215120156, +27 418800785, +66 25060038
Email: support@primefin.com
Conclusion
PrimeFin is a top broker known for providing good services to its consumers at a low cost. Its clients can choose from a variety of popular currency pairs and asset types. In addition, the reputable forex broker provides the greatest investment advice available based on a variety of trading conditions.
PrimeFin also provides an award-winning trading platform, MetaTrader 4, as well as a variety of payment alternatives and training tools for beginners. The bottom line is that the broker is the best fit for each trader, including novice, intermediate and seasoned.
