Score

1.24 /10
Danger

Prima Capital

Lebanon

1-2 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Score

Regulatory Index0.00

Business Index4.89

Risk Management Index0.00

Software Index4.00

License Index0.00

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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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Broker Information

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Company Name

PrimaCapital Limited

Company Abbreviation

Prima Capital

Platform registered country and region

Lebanon

Company website

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Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-12-25
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Prima Capital · Company summary
Prima Capital Review Summary
Founded2023
Registered Country/RegionLebanon
RegulationUnregulated
Market InstrumentsForex, indices, commodities, metals, cryptos CFDs
Demo Account/
Islamic Account
LeverageUp to 1:500
SpreadFrom 1.2 pips (PRIMA CLASSIC account)
Trading PlatformMT5
Copy Trading
Min Deposit$50
Customer SupportContact form
Tel: +961 1 587 709, +961 3 097 709
Email: info@prima-capital.com
LinkedIn, Instagram, X, Telegram
Address: West End 33 bldg, 4th floor, Gemayze, Beirut, Lebanon
Registered address: Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia
Regional RestrictionsAfghanistan, American Samoa, Andorra, Azerbaijan, Belarus, Benin, Botswana, Bosnia and Herzegovina, Burkina Faso, Burundi, Cambodia, Cayman Islands,Cape Verde, Central African Republic, Chad, Congo, Cuba, Equatorial Guinea, Gibraltar, Haiti, Iran, Jamaica, Japan, Libya, Mali, Myanmar, Mozambique, New Zealand, N. Korea, Oman, Pakistan, Palau, Panama, Philippines, Palestine, Russian Federation, Senegal, Singapore, Somalia, Sudan, Syria, Tanzania, Tajikistan, Turkmenistan, Uganda, Ukraine, United Kingdom, United States, US Virgin Islands, Vanuatu, Venezuela, Western Sahara, Yemen, Zimbabwe

Overview of Prima Capital

Founded in 2023, Prima Capital is an unregulated broker registered in Lebanon, offering trading in forex, indices, commodities, metals, and cryptos CFDs trading with leverage up to 1:500 and spread from 0.0 pips via the MT5 platform. Demo accounts are available and the minimum deposit requirement to open a live account is as low as 50 USD.

Prima Capital's homepage

Pros and Cons

ProsCons
Various trading assetsNo regulation
Demo accountsUnknown payment options
Multiple account typesRegional restrictions
MT5 supported
Copy trading
Low minimum deposit
Comprehensive customer support

Is Prima Capital Limited Legit?

No, Prima Capital is noted as being unregulated, which means it does not hold a license from any of the known financial regulatory bodies that oversee trading practices.

Operating without regulation can pose risks to traders because they may not have the same level of protections that regulated firms offer, such as compensation schemes or dispute resolution services.

No license

Market Instruments

Tradable Instruments Supported
Forex
CFDs
Indices
Commodities
Metals
Cryptocurrencies
Stocks
Bonds
Options
ETFs
Market Instruments

Account Types

Account TypeMin Deposit
PRIMA CLASSIC$50
PRIMA VIP$10,000
Account comparison

Leverage

Prima Capital offers leverage up to 1:500 for both account types. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spreads & Commissions

Account TypeSpreadCommission
PRIMA CLASSICFrom 1.2 pips
PRIMA VIPFrom 0.0 pips$7 per lot

Trading Platform

Prima Capital utilizes the MetaTrader 5 (MT5) trading platform for its operations. MetaTrader 5 is a highly regarded platform in the online trading community for its advanced features and capabilities.

It offers a wide range of tools for price analysis, algorithmic trading applications (such as Expert Advisors), and advanced financial trading functions. MT5 supports trading in forex, stocks, and commodities and provides traders with access to a comprehensive set of technical indicators, graphical objects, and detailed charting tools.

Trading PlatformSupported Available Devices Suitable for
MT5/Experienced traders
MT4/Beginners
MT5

User Reviews

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User comment

3

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军@临天下
more than one year
I focus mainly on commodities, and it offers everything I need. Trading energies, metals, and other products with ultra-tight pricing has significantly enhanced my trading outcomes. The flexibility in lot sizes also fits perfectly with my trading style.
I focus mainly on commodities, and it offers everything I need. Trading energies, metals, and other products with ultra-tight pricing has significantly enhanced my trading outcomes. The flexibility in lot sizes also fits perfectly with my trading style.
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2024-06-27 15:18
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FX1491336922
more than one year
Dropping 50 bucks into Prima Capital and I was off to the races. I got my hands on everything from forex to indices, commodities, metals, and the wild world of cryptos. And that MetaTrader 5 platform? Pretty rad and flexible. The spreads and commissions were fair game too. All round decent experience.
Dropping 50 bucks into Prima Capital and I was off to the races. I got my hands on everything from forex to indices, commodities, metals, and the wild world of cryptos. And that MetaTrader 5 platform? Pretty rad and flexible. The spreads and commissions were fair game too. All round decent experience.
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2024-05-15 13:36
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