Rating Index
Pros
Low trading costs with competitive spreads and no inactivity fees.
Regulated by reputable authorities, ensuring a level of security for traders.
User-friendly trading platform (MT4) with a variety of educational resources available.
Cons
Limited range of trading platforms, primarily offering only MT4.
No promotional incentives or bonuses for new traders.
High leverage options may pose significant risks for inexperienced traders.
Prime Global Option broker Accounts
Prime Global Option Account Type
Prime Global Option offers a variety of trading accounts tailored to meet the needs of different traders. The primary account types include:
- Standard Account
- Minimum Deposit: $50
- Trading Costs: No commissions; spreads starting from 0.9 pips.
- Leverage: Up to 1:500.
- Available Assets: Forex, commodities, indices, and cryptocurrencies.
- Features: Access to MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
- ECN Account
- Minimum Deposit: $1,000.
- Trading Costs: Spreads starting from 0.0 pips; commission of $3.5 per round turn.
- Leverage: Up to 1:500.
- Available Assets: Forex, commodities, indices, and cryptocurrencies.
- Features: Direct market access and low latency execution.
- Demo Account
- Virtual Funds: $50,000 for practice trading.
- Features: Access to all account types, platforms, and products with real-time spreads and charts.
Visit the Website: Navigate to the Prime Global Option homepage and click on the “Open a Live Account” button.
Complete the Registration Form: Fill in the required personal information, including your name, email address, phone number, and country of residence. Choose your preferred account type and base currency.
Identity Verification: Upload the necessary documents for verification, such as:
- Proof of Identification: A current, colored scanned copy of your passport or ID card.
- Proof of Address: A utility bill or bank statement dated within the last three months.
Fund Your Account: After verification, deposit funds using any of the available payment methods. The minimum deposit for the Standard Account is $50, while the ECN Account requires a minimum of $1,000.
Start Trading: Once your account is funded, download the trading platform of your choice (MT4 or MT5) and begin trading.
Prime Global Option Broker Account Opening Process
Opening an account with Prime Global Option is straightforward and can be completed in just a few steps:
The entire process is designed to be completed online, ensuring a quick and efficient account setup.
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