Climax Prime Forex Broker

Risk Warning There is a level of danger that comes with trading on the financial markets. As sophisticated instruments, foreign exchange, futures, CFDs, and other financial contracts are typically traded using margin, which significantly increases the inherent risks involved. Therefore, you should consider carefully whether or not this sort of investment activity is right for you. The information presented in this article is intended solely for reference purposes. General Information & Regulation Feature Information Registered Country/Region Saint Vincent and the Grenadines Found 2021 Regulation unregulated Market Instrument Currency Pairs, Metals, Energies, and Indices Account Type Cent, Standard, ECN and Prime Demo Account yes Maximum Leverage 1:500 Spread Vary on the account type Commission Vary on the account type Trading Platform MT5 for Windows, Mac, iOS, Android and WebTrade Minimum Deposit $10 Deposit & Withdrawal Method Wire transfers, Skrill, Neteller, MasterCard, Fasapay, Visa and UnionPay Registered in Saint Vincent and the Grenadines, Climax Prime is a forex broker providing easy access to a massive financial market, and investors have the flexibility to choose from a range of financial instruments, such as currency pairs, Metals, Energies, and Indices. With the Climax Prime platform, four tired trading accounts can be chosen from Cent, Standard, ECN and Prime and the minimum deposit to trade with this forex broker is as low as $10. Here is the home page of this brokers official site: Climax Prime is the trading name of Climax Prime LLC, a company registered in Saint Vincent and the Grenadines, Limited Liability Number 1175 LLC 2021. This company does not hold any regulatory license to show it operates legally. Please be aware of the risk involved. Note: The screenshot date is February 9, 2023. WikiFX gives dynamic scores, which will update in real-time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores. Market Instruments With the Climax Prime platform, four classes of trading instruments including Currency Pairs, Metals, Energies, and Indices are all available through this brokerage platform. Account Types Climax Prime provides four tiered trading accounts for both retail and professional clients: Cent, Standard, ECN and Prime. To open a Cent account, a low initial deposit of $10 is all you need, and it is friendly for beginners to test this platforms trading environment. the Standard account is suitable for all types of traders, asking for an initial deposit of $100, reasonable for most regular traders. The ECN account is ideal for professional traders and scalpers who pursue competitive spreads, and traders who want to try this account need to fund at least $500. The Prime account seems to be designed for professional and institutional clients, requiring an initial deposit of $5,000. Aside from live accounts, demo accounts are also available for beginners to test this platforms trading environment and practice their trading skills without risking their real capital. How to open an account with Climax Prime？ Opening an account with Climax Prime is an easy and simple process: 1. Click the “Open Live Account” link, and fill up some required details on the popping-up page. 2. Upload your personal data for this company to verify your details. 3. Choose the preferred payment methods, fund your account and start to trade with this forex broker. Leverage When it comes to leverage, Climax Prime allows its clients to use the leverage of up to 1:500, much higher than the levels regarded appropriate by many regulators, with the maximum leverage for major forex up to 1:30 in Europe and Australia, and 1:50 in Canada and U.S. Since leverage can magnify gains as well as losses, it can also cause serious fund losses, especially to inexperienced traders. Therefore, it is wise for beginners to choose the smaller size no more than 1:10 until they gain more trading experience. Spreads & Commissions Spreads and commissions are tightly associated with account types. The Cent and the Standard accounts offer a commission-free trading environment, accompanied by average spreads, the minimum spreads starting at 1.2 pips. The ECN account offers spreads from 0.3 pips, with a commission of $6 per lot charged. The Prime account also charges both spreads and commissions, spread: from 0.1 pips, commission: $5 per lot. Trading Platform Climax Prime provides access to the industry-leading MT5 trading platform, which can be accessed on any device, Windows, Mac, IOS, and Android. The MT5 trading platform allows one-click operations for opening and closing trades, setting stops and entry limits, placing direct orders, setting and editing limit and stop loss, as well as charting. Deposit & Withdrawal The minimum deposit to trade with Climax Prime is $10. This broker allows its clients to deposit and withdraw through Wire transfers, Skrill, Neteller, MasterCard, Fasapay, Visa and UnionPay. Customer Support Climax Primes official website is available 24/7 in multiple languages: English, Arabic, Indonesian, Russian, Spanish, Turkey, and Persian. For any questions or concerns they may have about their accounts or their trading can reach out to FX union hub markets through the following methods: Telephone: +44 (745) 814 8133, +44 (204) 577 3336, Email: info@ClimaxPrime.org, Telegram, WhatsApp, live chat or send messages online to get in touch. Or you can also follow this forex broker on some social media platforms, including Facebook, Twitter, LinkedIn, and YouTube. Office: Graves Court, Pevensey, London. Registered office: Euro house, Richmond Hill Road, Kingstown, Saint Vincent & the Grenadines. Pros & Cons Pros Cons • Multiple account types and funding options • No regulation • Demo accounts available • Regional restrictions • Low minimum deposit ($10) • MT5 supported Frequently Asked Questions (FAQs) Q 1: Is Climax Prime regulated？ A 1: No. It has been verified that Climax Prime currently has no valid regulation. Q 2: At Climax Prime, are there any regional restrictions for traders？ A 2: Yes. Climax Prime does not provide services for the residents of certain countries, such as the USA, UAE, Turkey, and Israel. Q 3: Does Climax Prime offer demo accounts？ A 3: Yes. Q 4: Does Climax Prime offer the industry-standard MT4 & MT5？ A 4: Yes. Climax Prime offers MT5. Q 5: What is the minimum deposit for Climax Prime？ A 5: The minimum initial deposit to open an account is $10. Q 6: Is Climax Prime a good broker for beginners？ A 6: No. Climax Prime is not a good choice for beginners. Though it advertises very well, dont forget that it is an unregulated broker.