Xe Prime

General Information & Regulation

Xe Prime is allegedly a forex broker registered in China that claims to provide its clients with over 1,000 tradable financial instruments with leverage up to 1:200 on the web-based trading platform. Here is the home page of this brokers official site:

As for regulation, it has been verified that Xe Prime does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and it receives a relatively low score of 1.08/10. Please be aware of the risk.

Market Instruments

Xe Prime advertises that it offers access to more than 1,000 trading instruments in financial markets, including forex currency pairs, commodities, indices and equities.

Account Types

Xe Prime claims to offer demo and real accounts, and the minimum initial deposit requirement to open a real account is only $50.

Leverage

The leverage provided by Xe Prime is capped at 1:200. 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.

Trading Platform Available

The platform available for trading at Xe Prime is web-based. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.

Deposit & Withdrawal

The minimum initial deposit requirement at Xe Prime is said to be only $50. However, the broker says nothing about the acceptable deposit and withdrawal methods. There is no deposit fee charged.

Customer Support

Xe Prime‘s customer support can be reached by live chat. However, this broker doesn’t disclose other more direct contact information like telephone numbers or the company address that most brokers offer.

Risk Warning

Online trading involves a significant level of risk and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.