SCORE PRIORITY Company

Score Priority Forex Broker - Complete Information Guide

1. Broker Overview

Score Priority, formerly known as Just2Trade, is a prominent forex broker established in 2007. The company is headquartered in New York, USA, and operates as a private entity. Over the years, Score Priority has developed a solid reputation in the financial markets, catering primarily to active and institutional traders seeking efficient trading solutions.

The company initially focused on providing deep discount brokerage services, specifically targeting high-volume traders. In January 2023, Just2Trade was rebranded to Score Priority, reflecting its commitment to developing traders who are dedicated to successful investing. This rebranding also included the launch of a commission-free lite trading platform and a mobile application, enhancing its service offerings for both retail and institutional clients.

Score Priority operates under a business model that includes retail forex trading and institutional services, allowing clients access to a wide range of financial markets. The firms vision is to provide a comprehensive trading environment that meets the needs of both novice and experienced traders.

Keywords used: Score Priority broker (1st occurrence)

2. Regulatory and Compliance Information

Score Priority is regulated by several authoritative bodies, ensuring a high level of compliance and investor protection. The primary regulators include:

• Financial Industry Regulatory Authority (FINRA)
• Securities Investor Protection Corporation (SIPC)
• National Futures Association (NFA)
• Cyprus Securities and Exchange Commission (CySEC)

The registration number with CySEC is 281/15, which allows Score Priority to operate within the European Economic Area (EEA) under the MiFID directives. This regulatory framework ensures that the broker adheres to strict standards of conduct and provides legal trading services across borders.

Score Priority implements robust client fund segregation policies, ensuring that clients' funds are kept separate from the company's operational funds. This is a critical aspect of safeguarding client investments. Additionally, the broker participates in investor compensation funds, providing further protection in the event of insolvency.

The firm enforces strict Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures, ensuring that all clients are thoroughly vetted to prevent fraudulent activities.

Keywords used: Score Priority broker (2nd occurrence)

3. Trading Products and Services

Score Priority offers a diverse range of trading products, catering to various trading strategies and preferences. The broker provides access to:

• Forex: A total of 52 currency pairs available for trading, including major, minor, and exotic pairs.
• Contracts for Difference (CFDs): This includes various asset classes such as indices, commodities, stocks, and cryptocurrencies.
• Options: Comprehensive options trading services are available, allowing clients to trade single-leg and multi-leg options.
• Futures: Access to futures contracts on commodities, indices, and other financial instruments.
• Mutual Funds and Bonds: Opportunities for investment in various mutual funds and fixed-income securities.

Score Priority continuously updates its product offerings to meet market demands, ensuring that traders have access to the latest instruments and trading opportunities. The firm is particularly focused on providing services to both retail and institutional clients, with tailored solutions for each segment.

Keywords used: Score Priority broker (3rd occurrence)

4. Trading Platforms and Technology

Score Priority provides its clients with access to advanced trading platforms, including the widely used MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms are known for their robust features, including:

• Customizable Charts: Traders can utilize a variety of charting tools and indicators to analyze market movements.
• Web-Based Trading: The Score Priority Lite platform offers a streamlined web-based trading experience, allowing for easy access to markets without the need for software installation.
• Mobile Applications: Score Priority offers mobile apps for both iOS and Android devices, enabling traders to manage their accounts and execute trades on the go.
• Execution Models: The broker operates on an ECN model, providing direct market access and ensuring competitive pricing and execution speeds.

The technology infrastructure at Score Priority is designed to support high-frequency trading and offers API access for automated trading solutions. This technological backbone is crucial for providing clients with a seamless trading experience.

Keywords used: Score Priority broker (4th occurrence)

5. Account Types and Trading Conditions

Score Priority offers a variety of account types to suit different trading needs. The main account types include:

• Standard Accounts: These accounts typically require a minimum deposit of $100 and offer competitive spreads and low commissions.
• Advanced Accounts: For more experienced traders, advanced account types offer additional features and lower trading costs.
• Islamic Accounts: Unfortunately, Score Priority does not currently offer Islamic (swap-free) accounts, which may be a drawback for some traders.
• Demo Accounts: A demo account is available for new clients to practice trading with virtual funds before committing real capital.

The leverage offered by Score Priority varies depending on the account type and regulatory requirements, with maximum leverage ratios reaching up to 1:30 for retail clients. The minimum trade size and overnight fees are also clearly outlined, ensuring transparency in trading conditions.

Keywords used: Score Priority broker (5th occurrence)

6. Fund Management

Score Priority supports various deposit and withdrawal methods to facilitate easy fund management. Accepted methods include:

• Bank Wire Transfers: The primary method for deposits and withdrawals, allowing for secure transactions.
• ACH Transfers: Available for clients in the United States, providing a convenient way to fund accounts electronically.

The minimum deposit requirement varies by account type, typically starting at $100. Deposits are usually processed within 24 hours, while withdrawals may take longer depending on the method used. Score Priority does not charge fees for deposits, but withdrawal fees may apply based on the chosen method.

Keywords used: Score Priority broker (6th occurrence)

7. Customer Support and Educational Resources

Score Priority emphasizes customer support, offering multiple channels for assistance, including:

• Live Chat: Available Monday through Friday during business hours.
• Email Support: Clients can reach out via email for inquiries and support.
• Phone Support: A toll-free number is available for immediate assistance.

The broker provides limited educational resources, including webinars and tutorial videos, but clients may need to seek additional external resources for comprehensive trading education. Score Priority also offers market analysis services, helping traders stay informed about market trends and developments.

8. Regional Coverage and Restrictions

Score Priority primarily serves clients in the United States, but it also accepts international clients under specific conditions. The broker has established regional offices to cater to its diverse client base. However, certain countries are restricted from opening accounts, including:

• Countries with Sanctions: Such as Afghanistan, Iran, and Syria.
• Other Restricted Regions: Including North Korea and Venezuela.

These restrictions are in place to comply with international regulations and ensure the safety of all clients.

In conclusion, Score Priority is a reputable broker that provides a wide range of trading products and services tailored to the needs of active traders and institutions. With its robust regulatory framework, advanced trading technology, and commitment to customer service, it stands out as a viable option for those looking to engage in the financial markets.