Rating Index
Pros
Limited information is available about the platform, which may attract some traders looking for anonymity.
Offers various account types, which could appeal to different trading preferences.
Provides access to a demo account, allowing potential users to test the platform without financial commitment.
Cons
Lacks proper regulation and licensing, posing significant risks to traders' funds.
Numerous complaints regarding withdrawal issues and unresponsive customer support, indicating potential fraud.
The platform's promotional claims and performance metrics have been flagged as misleading, raising concerns about its legitimacy.
Premium broker Accounts
PrimeX Broker | Account Types
PrimeX offers three distinct account types tailored to meet various trading needs:
- Standard Account
- Minimum Deposit: $10
- Spreads: From 1.2 pips
- Commissions: $0
- Leverage: 1:400
- Margin Required: 2%
- Minimum Lot Size: 0.01 lots
- Stop Out Level: 30%
- Margin Call Level: 100%
- Execution Type: Non-dealing desk
- Swap: Swap-free (not all instruments)
- Narrow Account
- Minimum Deposit: $1,000
- Spreads: From 1.0 pips
- Commissions: $0
- Leverage: 1:500
- Margin Required: 2%
- Minimum Lot Size: 0.01 lots
- Stop Out Level: 30%
- Margin Call Level: 100%
- Execution Type: Non-dealing desk
- Swap: Swap-free (not all instruments)
- Raw Account
- Minimum Deposit: $5,000
- Spreads: From 0.1 pips
- Commissions: $6 per lot
- Leverage: 1:200
- Margin Required: 2%
- Minimum Lot Size: 0.01 lots
- Stop Out Level: 30%
- Margin Call Level: 100%
- Execution Type: Non-dealing desk
- Swap: Swap-free (not all instruments)
- Select Your Account Type: Choose from the Standard, Narrow, or Raw account based on your trading needs and capital.
- Complete the Application: Fill out the online application form with your personal details.
- Submit Required Documents: Provide identification and any necessary documents as requested.
- Fund Your Account: Make the minimum deposit required for your chosen account type to activate your account.
- Start Trading: Once your account is funded, you can begin trading on the MetaTrader 5 platform.
PrimeX Broker Account Opening Process
Opening an account with PrimeX is straightforward and can be completed in a few steps:
For more information, visit PrimeX Broker Account Types.
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