PrimeXQ-Overview of Minimum Deposit, Leverage, Spreads

PrimeXQ | 2022-08-12 18:18

摘要：PrimeXQ is a forex broker registered in the United Kingdom, with its operation time not that long, around 2-5 years. In terms of regulatory information, PrimeXQ’s regulatory status is displayed as “No License” on the WikiFX website. It has been verified that this forex broker is not regulated or authorized by any regulatory authorities and it got a pretty low score of 1.43/10 on WikiFX. Please be aware of the risk.

Since PrimeXQs official website (https://primexq.com/) is temporarily down at the moment, we could only piece together this brokerage house by gathering some relevant information from other websites.

General Information

PrimeXQ is a forex broker registered in the United Kingdom, with its operation time not that long, around 2-5 years.

In terms of regulatory information, PrimeXQs regulatory status is displayed as “No License” on the WikiFX website. It has been verified that this forex broker is not regulated or authorized by any regulatory authorities and it got a pretty low score of 1.43/10 on WikiFX. Please be aware of the risk.

Market Instruments

PrimeXQ is said to offer a series of trading instruments to its clients, such as Currency Pairs, CFD products and Commodities.

Account Types

PrimeXQ says it offers a total of four trading accounts for clients to choose from, namelyMini Account, Classic Account, and Premium Account. These three trading account are classified in light of their initial deposit requirements. To trade with PrimeXQs most basic account, the Mini account, investors need to fund at least $2,000, which is too much for most regular traders to afford.

Account Types	Minimum Deposit
Mini Account	$2,000
Classic Account	$10,000
Premium Account	$20,000

Leverage

The maximum trading leverage offered by this Prime XQ is up to 1:400, which is considered high. Although many forex traders (especially professional traders and scalpers) consider leverage as an amazing tool to increase their profits, leverage can also cause to significant fund losses, especially to inexperienced traders. Therefore, it is important for them to choose the proper amount that they feel most at ease with.

Trading Platform

Prime XQ gives its clients two choices of trading platforms: the advanced MT4 trading platform and a Mobile App.

Payment Methods

Prime XQ allows its clients to make a deposit and withdrawal through the following payment options, which include: