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No Regulation
Score
1.16 /10
Danger
PrimeGlobalMarket
1-2 yearsSuspicious Regulatory License
High potential risk
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Comparison
Expose
Exposure
Time Machine
Website
Score
Regulatory Index0.00
Business Index4.31
Risk Management Index0.00
Software Index4.00
License Index0.00
Time Machine
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!
2
Previous Detection :
2024-10-03
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The current information shows that this broker does not have a trading software. Please be aware!
WikiFX Verification
| Aspect | Information |
| Company Name | PrimeGlobalMarket |
| Registered Country/Area | United States |
| Regulation | Unregulated |
| Minimum Deposit | $200.00 |
| Account Types | Silver Account, Long Term Account, Gold Account and Ultimate Account |
| Trading Platforms | MT4 |
| Tradable Assets | Forex, Cryptocurrency, Commodities, Indices, Stocks |
| Customer Support | Phone, Email, Social Media, Physical Address and Online Chat |
| Deposit & Withdrawal | BTC, ETH, LTC, DOGE and so on |
PrimeGlobalMarket Information
PrimeGlobalMarket, registered in the United States. The broker, which says it offers more than 170 tradable assets to traders, also supports the use of MT4. However, the broker is currently in an unregulated state, and the release of key information is incomplete.
Pros and Cons
| Pros | Cons |
| 170+ tradable assets | No regulation |
| Supports the use of MT4 | The account information is incomplete |
Is PrimeGlobalMarket Legit?
PrimeGlobalMarket is currently an unregulated broker and operates outside of laws and regulations.
What Can I Trade on PrimeGlobalMarket?
PrimeGlobalMarket says it offers more than 170 tradable assets, and through the MT4 trading system, traders can trade forex, cryptocurrency pairs, stocks, indices and commodities.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Cryptocurrency | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Stocks | ✔ |
| Bonds | ❌ |
| ETF | ❌ |
Account Types
PrimeGlobalMarket has four accounts: Silver Account, Long Term Account, Gold Account and Ultimate Account.
All four accounts support 24/7 customer service, as do the payment options.
In terms of minimum deposit, there is a big difference between the four types of accounts. Among them, the minimum deposit requirement is $200. The broker's account is more suitable for well-funded traders, and the cost of trying is high for beginners.
| Account Type | Silver | Long Term | Gold | Ultimate |
| Minimum Investment | $200.00 | $5,000.00 | $20,000.00 | $50,000.00 |
| Maximum Investment | $5,000.00 | $20,000.00 | $50,000.00 | $5,000,000.00 |
| Customer Service | 24/7 | 24/7 | 24/7 | 24/7 |
| Payments Accepted | BTC, ETH, LTC, DOGE | BTC, ETH, LTC, DOGE | BTC, ETH, LTC, DOGE | BTC, ETH, LTC, DOGE |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Web | Beginner |
| MT5 | ❌ |
Deposit and Withdrawal
PrimeGlobalMarket says it supports all major cryptocurrencies and fiat payment methods such as BTC, ETH, LTC, DOGE.
In addition, the minimum deposit of this broker is $200. This threshold is not the lowest compared to some brokers in the market.
Customer Service
PrimeGlobalMarket offers 24/7 customer service. Traders can also be contacted by email or found on social media. The brokerage also published the physical address，traders who prefer offline consultation can go to get help.
| Contact Options | Details |
| support@primeglobalmarket.com | |
| Online Chat | 24/7 |
| Social Media | Facebook, Twitter, Instagram, Pinterest |
| Physical Address | 599 Lexington Avenue, 20th Floor; New York, NY 10022,USA |
The Bottom Line
Traders can use MT4 to trade more than 170 products. However, without regulation and lack information of trading fees may be problems for investors.
FAQs
Is PrimeGlobalMarket safe?
No, PrimeGlobalMarket is not safe. Because it is unregulated, it operates outside the bounds of the law.
Is PrimeGlobalMarket good for beginners?
No, PrimeGlobalMarket is not for beginners. Because of the risks associated with unregulated status and higher minimum deposits.
Is PrimeGlobalMarket good for day trading?
No, the lack of regulation and higher minimum deposits may make it less suitable for day trading.
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