XPRIME CAPITAL-Overview of Minimum Deposit, Leverage, Spreads

Note: Since XPRIME CAPITALs official site (https://xprimecapital.com/) is not accessible while writing this introduction, only a cursory understanding can be obtained from the Internet.

General Information & Regulation

XPRIME CAPITAL is allegedly a broker registered in the United Arab Emirates that provides its clients with the industry-standard MetaTrader5 trading platform, flexible leverage up to 1:500, variable spreads from 0 pips on some tradable assets, as well as a choice of five different account types.

Market Instruments

XPRIME CAPITAL advertises that it mainly offers stocks and cryptocurrency trading.

Account Types

There are five live trading accounts offered by XPRIME CAPITAL, namely Standard, Silver, Gold, Platinum and ECN. From the information on the Internet, we understand that the minimum investment is $100.

Leverage

Traders holding different account types can enjoy different maximum leverage ratios. Clients on the Standard, Silver or Gold account can enjoy the maximum leverage of 1:500, the Platinum account with leverage of 1:200 and the ECN account can experience leverage of 1:100. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage ratios.

Spreads

Spreads are influenced by what type of accounts traders are holding. XPRIME CAPITAL reveals that the spread for majors on the Silver account starts from 1 pip, while the clients on the ECN account can enjoy the lowest spreads from 0 pips.

Trading Platform Available

When it comes to trading platforms available, XPRIME CAPITAL gives traders the worlds most widely-used MetaTrader5 trading platform. MT5 is known as one of the most successful, efficient, and competent forex trading software, providing advanced technical analysis tools, automated trading functions (EA) and mobile applications, as well as a user-friendly interface.

Deposit & Withdrawal

XPRIME CAPITAL seems to accept deposits and withdrawals with ATM and transfer. The minimum deposit requirement is said to be $100 and the maximum withdrawal amount is $10,000 during the day. Deposits and withdrawals can be made until 16:00 on weekdays.

Customer Support

XPRIME CAPITAL‘s customer support can be reached by telephone: +02127067595. Besides, you can also follow this broker on some social media platforms like Twitter and Facebook. However, this broker doesn’t disclose other more direct contact information like telephone numbers or the company address that most brokers offer.