PriorFX-Overview of Minimum Deposit, Spreads & Leverage

General Information &Regulation

Headquartered in Cyprus, Prior Capital Cy Ltd (PriorFX) is a global online financial trading platform and multi asset broker founded in 2013. PriorFX had been regulated by Cyprus Securities and Exchange Commission (CySEC) under License No. 221/13. However, the mentioned license was suspended by the regulator on March 2020.

Official Website Unavailable

As of now, the website of PriorFX is not available. We can only get a rough idea of the information of the broker from some trader review portals.

Market Instruments

PriorFX provides numerous major instruments of financial markets including commodities, indices, stocks and currency pairs.

Accounts

PriorFX provided two account types for investors: Standard and Xchange, which are scaled by the minimum deposit requirement.

Leverage

The maximum leverage at PriorFX was up to 1:200. Leverage amplifies potential profits, but it also immensely boosts risks.

Spreads

According to the information, the spread offering in PriorFX depends on the account type you choose. Take the Standard account as an example, the spread starts from 1.2 pips.

Trading Platforms

PriorFX offered its clients access to the world's financial markets via the MetaTrader 4 (MT4) platform. The broker also offers Mobile APPs, for Android and iOS making it easier to keep an eye on and execute clients‘ trades while they’re on the move.

Payment Methods

When it comes to making payments, PriorFX supports a range of methods. Major credit and debit cards are accepted as are a number of e-wallet payment systems including Skrill and Neteller. It is also possible to top up an account by bank wire transfer. All methods will incur additional charges, and if the amount is less than $100 there is an extra charge of $10.

Supported Language

PriorFX support a wide range of languages including English, Russian, German, Hungarian, and Arabic.

Accepted Countries

PriorFX is a global trading platform in the sense that it operates in 194 countries including nations in Europe, Asia, Oceania, and Africa. Major countries PriorFX covers include the UK, Germany, Australia, South Africa, Thailand and China.

Contact Information

Customer support is available 24 hours a day, Monday to Friday, and the team can be contacted by telephone, email, of via the live chat option. Users can contact PriorFX via support@priorfx.com, as well as the hotline: 00357-2525-8220. Office address: 377, 28th October Street, 3rd Floor, Soboh House, Limassol, Cyprus 3107.