Prime Olympic -Some important Details about This Broker

WikiFX | 2022-09-28 15:15

Abstract：Registered in Belgium, Prime Olympic is forex broker offering a series of trading instruments to both retail and professional traders, including Forex, Cryptocurrencies, Commodities, Indices, Shares, with the maximum leverage for forex trading up to 1:500. Prime Olympic does not hold any regulatory license to show it operates legally. Please be aware of the risk involved.

General Information

Registered in Belgium, Prime Olympic is forex broker offering a series of trading instruments to both retail and professional traders, including Forex, Cryptocurrencies, Commodities, Indices, Shares, with the maximum leverage for forex trading up to 1:500.

Prime Olympic does not hold any regulatory license to show it operates legally. Please be aware of the risk involved.

Market Instruments

With the Prime Olympic, traders can get access to a total of five trading assets, including Forex, Commodities, Cryptocurrency, Indices, and Shares.

Forex: More than 50 currency pairs, with leverage up to 1:500
Indices: Over 15 global indices, up to 1:500 leverage
Shares: More than 12,000 global stocks
Precious Metals: Gold, Silver, Platinum, up to 1:400 leverage
Energies: Oil and Natural Gas, up to 1:200 leverage

How to open an account with Prime Olympic？

Opening an account with Prime Olympic is an easy and simple process:

1. Click the “OPEN ACCOUNT” link, and fill up some required details on the popping-up page.

2. Upload your personal data for this company to verify your details.

3. Fund your account and start to trade with this forex broker.

Leverage

When it comes to leverage, the leverage ratio you use is determined by the instrument you are trading. The maximum leverage that traders can use for forex trading is up to 1:500, which is much higher than the levels regarded appropriate by many regulators, with the maximum leverage for major forex up to 1:30 in Europe and Australia, and 1:50 in Canada and U.S.

Since leverage can magnify gains as well as losses, it can also cause serious fund losses, especially to inexperienced traders. Therefore, it is wise for beginners to choose the smaller size no more than 1:10 until they gain more trading experience.

Spreads & Commissions

Prime Olympic says it offers extremely competitive spreads from 0.0 pips. No commission charged, all trading costs are built in spreads.

Trading Platform

What Prime Olympic offers is not the industry-leading MT4 or MT5 trading platform, a web trading platform with 9 different timeframes, detailed analysis of quote dynamics, multiple charts, preprogrammed analytical tools, 50+ built-in indicators and tools.

Payment Methods

Prime Olympic allows its clients to make a deposit and withdrawal through Credit Card, Wire Transfer. Minimum deposit amount through Credit/Debit Cards is $250 and Max Deposit amount is unlimited. Minimum withdrawal amount for wire transfers is $500, and minimum withdrawal amount for credit card/debit card transfer is $100.

Prime Olympic says all withdrawals either by credit card or wire are not subject to fees. It will pay all the fees for wire withdrawals.

Please bear in mind that this company may introduce additional fees and charges, and may change any existing fees and charges, at any time, by giving the client not less than 10 business days notice of such changes.

Customer Support

Prime Olympic hypes that it offers 24x7 customer support and assistance, trades can manage their account over mobile or web.

For any questions or concerns they may have about their accounts or their trading can reach out to Prime Olympic through the following methods:

A Contact Form

Email: support@primeolympicpro.com

Registered Company Address: Nieuwewandeling 62, 9000 Gent, Belgium

Risk Warning

There is a level of danger that comes with trading on the financial markets. As sophisticated instruments, foreign exchange, futures, CFDs, and other financial contracts are typically traded using margin, which significantly increases the inherent risks involved. Therefore, you should consider carefully whether or not this sort of investment activity is right for you.

The information presented in this article is intended solely for reference purposes.

Forex trading Forex Broker

Related broker

No Regulation

Prime Olympic

Company name：Prime Olympic

Score

1.46

Website：https://primeolympicpro.com/

2-5 years | Suspicious Regulatory License | Suspicious biz area | High potential risk

Score

1.46

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