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No Regulation
Score
1.12 /10
Danger
Pico Prime
1-2 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
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Comparison
Expose
Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index4.04
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
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Warning: Low score, please stay away!
Previous Detection :
2024-12-26
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
| Pico Prime | Basic Information |
| Registered Countries | United States |
| Regulation | No License |
| Minimum Deposit | ￡100 |
| Trading Assets | Forex, gold, indices, cryptocurrencies, advanced technology solutions, financial management services, risk consultancy, and bespoke application system |
| Customer Support | Email, Live Chat, and Social Media |
Pico Prime Information
Established in New Jersey, USA in 2003, Pico Prime initially focused on providing kinds of financial products, advanced technology solutions, financial management services, risk consulting and custom application systems to specific clients. However, popular trading platforms like MT4/MT5 are not accessible at Pico Prime.
Pros and Cons
| Pros | Cons |
| Provide High Frequency Trading System | No valid regulatory license |
| The minimum deposit amount is ￡100 | Not provide MT4/MT5 connection |
| Provide customer bonus | Limited information on trading fees |
Is Pico Prime Legit?
Trading with a regulated broker is a crucial step in safeguarding your funds. This broker is not regulated, thus it is important to be cautious when dealing with it.
Pico Prime's domain was founded in 2024-04-12 and is now client Transfer Prohibited.
What Can I Trade on Pico Prime?
Pico Prime focuses on providing trading services for a wide array of financial instruments, such as Forex, gold, indices, cryptocurrencies, advanced technology solutions, financial management services, risk consultancy, and bespoke application systems.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Cryptocurrencies | ✔ |
| Stocks | ❌ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Customer Support Options
Pico Prime provides multiple channels for customer support, including email, live chat, contact forms, and social media. Their live chat usually replies within a few minutes, so the response rate is good.
| Contact Options | Details |
| |
| Online Chat | ✔ |
| Social Media | Line, Kakao etc |
| Supported Language | English, Chinese, Japanese, Korean |
| Website Language | English, Chinese, Japanese, Korean |
| Physical Address | 301 Route 17 North Rutherford, NJ 07070, New Jersey, 07070, USA |
The Bottom Line
Pico Prime makes building a diversified portfolio easier with its wide selection of investment options. Its user-friendly platforms could be selling points for beginning investors. However, its lack of regulation is the obvious drawback. Before choosing a brokerage, remember to consider cost and potential risks.
FAQs
Is Pico Prime regulated?
No, Pico Prime is not regulated. This means there is no official institution regulating their operations, potentially putting your funds at risk.
Is this broker good for day trading?
Pico Prime is not suitable for day trading. Day trading requires fast, frequent trading, and without regulation, your money is at risk. In addition, the lack of a popular platform like MT4 or MT5, limits your flexibility and use of basic tools commonly used by day traders.
What types of assets can I trade on Pico Prime?
Pico Prime offers kinds of financial instruments for trading, including Forex, gold, indices, and cryptocurrencies. However, they do not offer stocks, ETFs, bonds, mutual funds, or other traditional investment options.
What are the advantages of this trader?
Pico Prime offers a high frequency trading system for experienced traders, a low minimum deposit for beginners, and multiple customer support channels.
Risk Warning
Please ensure that you fully understand the risks involved, as the above information is subject to change because of its constantly updated.
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