Rating Index

Pros

Access to a wide range of trading instruments, including forex, commodities, indices, shares, and cryptocurrencies.

Competitive leverage options, with maximum leverage up to 1:400, appealing to experienced traders.

User-friendly trading platform (Sirix) that is accessible across multiple devices.

Cons

Unregulated status, lacking oversight from reputable financial authorities, raising concerns about fund safety and legitimacy.

Numerous warnings from regulatory bodies (e.g., CONSOB, FSMA) indicating potential fraudulent activities associated with the broker.

Limited customer service quality and transparency regarding account conditions, deposit, and withdrawal processes.

Prime markets broker Accounts

Prime Markets Account Type

Prime Markets offers four different types of trading accounts tailored to meet the diverse needs of traders. Each account type comes with specific features, minimum deposit requirements, and leverage options:

Premium Pro Account

Minimum Deposit: €5,000 for professional clients; €500 for experienced retail clients.
Maximum Leverage: 1:400 for professional clients; 1:100 for experienced retail clients.
Spreads: Variable spreads starting from 1 pip.
Max Simultaneous Open Orders: 30.

Premium Account

Minimum Deposit: €250.
Leverage: Variable according to the product.
Spreads: Variable spreads starting from 1 pip.
Max Simultaneous Open Orders: 300.

Zero Spread Account

Minimum Deposit: €500.
Leverage: Variable according to the product.
Spreads: Variable spreads starting from 0 pips on Forex.
Max Simultaneous Open Orders: 500 (with a maximum of 60 standard lots per position).

Prime Markets Copy Account

Minimum Deposit: €1,000 for strategy providers; €300 for followers.
Leverage: Variable according to the product.
Spreads: Variable spreads starting from 1 pip.
Max Simultaneous Open Orders: 300.

Prime Markets Broker Account Opening Process

Opening an account with Prime Markets is a straightforward process:

Complete the Application Form: Fill out the online application form available on the Prime Markets website.
Verification: After submitting the form, you will receive a response within 60 seconds to confirm your application.
Fund Your Account: Once your application is successful, you can fund your account through various payment methods available on the platform.
Begin Trading: After funding your account, you can start trading across multiple financial markets.

For further details on the account types and the opening process, please visit the Prime Markets website.