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Rating Index
Pros
Offers a wide range of trading instruments, including forex, indices, commodities, and CFDs.
Provides access to popular trading platforms like MT4 and MT5, enhancing user experience.
Potentially high leverage options available for traders, allowing for larger trades with smaller capital.
Cons
Lacks proper regulation, raising concerns about the safety and security of traders' funds.
Numerous negative reviews suggest issues with transparency and trustworthiness, including allegations of fraudulent practices.
The company has faced significant operational issues, including website shutdowns and complaints about unfulfilled trades.
PrimeTrade broker Accounts
Primetrade Account Type
Primetrade offers a variety of account types to cater to different trading styles and preferences. The available accounts include:
- Starter Account
- Minimum Investment: $200
- Spreads: Variable from 0.0 pips
- Commissions: $8 per lot
- Leverage: Up to 1:500
- Minimum Size: 0.01 lots
- Stop Out Level: 20%
- Margin Call: 100%
- Premium Account
- Minimum Investment: $5,000
- Spreads: Variable from 0.0 pips
- Commissions: $5 per lot
- Leverage: Up to 1:500
- Minimum Size: 0.01 lots
- Stop Out Level: 20%
- Margin Call: 100%
- Ultimate Account
- Minimum Investment: $25,000
- Spreads: Variable
- Commissions: Varies
- Leverage: Up to 1:500
- Minimum Size: 0.01 lots
- Stop Out Level: 20%
- Margin Call: 100%
- PAMM Account
- Minimum Investment: $500
- Spreads: Variable
- Commissions: Varies
- Leverage: Up to 1:500
- Minimum Size: 0.01 lots
- Stop Out Level: 50%
- Margin Call: 100%
- Sign Up
- Register with your phone number or email to create an account.
- Fund Your Account
- Navigate to the fund section, click on deposit, select your preferred payment method, and confirm the payment. Your balance will be updated immediately upon successful transaction.
- Account Verification
- Submit identification documents such as an ID card, passport, or drivers license for account verification. This step is mandatory for processing withdrawals.
- Receive Deposit Bonus
- You can receive up to a $4,000 deposit bonus per account, automatically credited upon each deposit.
- Start Trading
- Download your preferred trading platform and begin trading with your funded account.
Each account type is designed to meet the individual needs of traders, whether they are scalpers, hedgers, or long-term trend traders.
Primetrade Broker Account Opening Process
Opening an account with Primetrade is a straightforward process that can be completed in just a few steps:
This process ensures that traders can start their investment journey in the forex markets quickly and efficiently.
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