Rating Index
Pros
Tight spreads and high leverage options available (up to 1:400).
Supports popular trading platforms like MT4 and Sirix, providing various tools for traders.
Offers different account types, including an Islamic (swap-free) account for compliant trading.
Cons
Unregulated broker with multiple warnings from financial authorities, indicating potential risks.
High minimum deposit requirement of $1,000, which may be prohibitive for new traders.
Frequent reports of withdrawal issues and account access problems, raising concerns about fund safety.
PRIME FX broker Accounts
Prime Fx Account Type
Prime Fx offers a variety of account types tailored to meet the diverse needs of traders. The available account types include:
- Basic Account
- Minimum Deposit: $250
- Leverage: Fixed 1:500
- Spread: Fixed spreads
- Trading Benefits: Up to 150% protected capital, special concierge services, unlimited live sessions, and access to market signals, reviews, webinars, and seminars.
- Advanced Account
- Minimum Deposit: $2,500
- Leverage: Fixed 1:500
- Spread: Fixed spreads
- Trading Benefits: Similar to the Basic Account with enhanced features.
- Expert Account
- Minimum Deposit: $10,000
- Leverage: Fixed 1:500
- Spread: Fixed spreads
- Trading Benefits: Comprehensive concierge services, unlimited live sessions with analysts, and access to exclusive resources.
- Master Account
- Minimum Deposit: $25,000
- Leverage: Fixed 1:500
- Spread: Fixed spreads
- Trading Benefits: Enhanced concierge services and trading support.
- Premium Account
- Minimum Deposit: $50,000
- Leverage: Up to 1:1000
- Spread: Fixed spreads
- Trading Benefits: Comprehensive concierge services and tailored trading support.
- Select the Application Form: Choose the account type that best suits your trading needs.
- Complete and Submit the Application: Fill out the application form securely using DocuSign.
- Upload Additional Documents: After submission, you will receive an email with instructions on uploading necessary documents for verification.
- Account Approval: Once your account is approved, you will be notified.
- Deposit Funds: Fund your account using your preferred payment method.
- Start Trading: Begin trading in forex, indices, shares, and commodities CFDs.
Prime Fx Broker Account Opening Process
To open an account with Prime Fx, follow these steps:
By following these steps, you can efficiently set up your trading account with Prime Fx and start your trading journey.
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PRIME FX accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .