PrimeFin-Spreads and Leverage Details about This Broker

General Information & Regulation

PrimeFin says to be a trading name of Caps Solutions Ltd, a company incorporated under the laws of Labuan, – a special economic and free trade zone within Malaysia, basically an offshore territory. PrimeFin is not subject to any regulation at this stage.

Market Instruments

PrimeFin claims that it provides instant access to over 10 000 markets, including forex pairs, crypto currencies, commodities, stocks, indices and precious metals,

Minimum Deposit

The minimum deposit requirement at PrimeFin is 250 USD. Although this initial deposit amount doesnt go too overboard, this unregulated broker is the one that traders should stay away from.

Leverage

In terms of trading platform, the maximum leverage level offered by this broker is up to 1:500, which is relatively high. Leverage magnifies the returns from favorable movements in a currency's exchange rate.It's important that forex traders learn how to manage leverage and employ risk management strategies to mitigate forex losses.

Spreads & Commissions

When it comes to spreads and commissions, this part is not disclosed. Since there is no demo account available, we cannot test it in this brokers trading platform.

Trading Platform Available

PrimeFin supports a web based platform, as well as the PrimeFin mobile app. A demo account is not offered.

Deposit & Withdrawal

PrimeFin says to accept payments with VISA, MasterCard and an e-wallet called Vpay. Since we were not able to check this however, here you may find as well our list of brokers, which process credit cards for sure.