Prime Markets-Overview of Minimum Deposit, Spreads & Leverage

WikiFX | 2022-02-11 18:13

Abstract：Prime Markets is a Forex and CFD brokerage registered in Saint Vincent and the Grenadines, which offers free capital as well as traditional broker services to traders. Even more noteworthy is that the spreads and commissions possess tremendous competitiveness so that it provides experienced traders with access to capital, in the meantime, it is also a company that novices could take a chance on.

General Information& Regulation

Prime Markets is a Forex and CFD brokerage registered in Saint Vincent and the Grenadines, which offers free capital as well as traditional broker services to traders. Even more noteworthy is that the spreads and commissions possess tremendous competitiveness so that it provides experienced traders with access to capital, in the meantime, it is also a company that novices could take a chance on.

Market Instruments

Prime Markets 5 kinds of trading instruments including indices, commodities, precious metals, stocks, and cryptocurrencies like Bitcoin.

Accounts & Leverage

There are three different accounts with various requirements and trading conditions: Standard Account, ECN Account, and No Cash Deposit Account. As for the Standard Account, it requires a minimum deposit of at least $2,000 With a minimum trade size of 0.1 lots for forex or 1 lot for CFDs. Traders are allowed to use a base currency of USD, EUR, GBP, CHF, or JPY. As for the ECN Account, it requires a minimum deposit of $50,000 which is in USD, EUR, GBP, CHF, or JPY and it has spreads starting as low as 0.2 pips. The minimum trade size is 0.1 lots for forex and 1 lot for CFDs. The No Cash Deposit Account does not need a cash deposit and has the same base currency. Traders should know that this account also has a minimum trade lot as same as the Standard Account. Besides, leverage on all accounts can be up to 1:100

Spreads & Commissions

The starting spreads vary from instrument to instrument so while EURUSD may have a starting spread of 1.4 pips, other instruments like EURAUD have a starting spread of 3.8 pips. Whats more, Prime Markets does not mention anything to do with commissions on their marketing at all, so there is no added commission on accounts of all at all.

Trading Platform

Prime Markets offers the most popular MetaTrader 4 platform which could meet personal strategy & trading requirements to novice and advanced traders who are looking to take a chance in the optimal trading platform. Prime Market claims that its platform can be compatible with Windows, IOS, and Android. Besides, advanced charting technology combined with modern order-management tools helps traders to monitor and control their positions easily and quickly.

Deposit & Withdrawal

Payment methods include Visa / MasterCard, as well as e-wallets. The same goes for the commissions, there are no withdrawal fees.

Customer Support

Prime Markets supplies specialized support to each trader, you can call him in various departments such as Sales, Support, and Partnerships. It can be got touch with directly. If you have any questions, please contact at +44(0)203 129 6106, or email at sales@primemarkets.com or support@primemarkets.com or partnership@primemarkets.com.

Risk Warning

A high level of risk is involved in the process of trading leveraged products such as Forex/CFDs. Establishing your Investment objectives, understanding of risk and trading experience is key to maintaining a good trading experience. Losing more than your initial investment is highly possible, so do not invest money you cannot afford to lose.

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Company name：Prime markets

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