DE GRANOS SA Forex Broker

Prior Capital Forex Broker - Complete Information Guide

1. Broker Overview

　　Prior Capital, originally established as PriorFX, is an online trading platform that has been operational since 2002. The company is headquartered in Limassol, Cyprus, and operates as a private entity. Over the years, Prior Capital has positioned itself as a significant player in the financial trading market, catering to a diverse clientele that includes retail traders and institutional investors.

　　Since its inception, Prior Capital has undergone various transformations, including a rebranding from PriorFX to its current name, reflecting its growth and expansion in the trading sector. The broker has made strides in providing a wide array of trading services, which include forex, commodities, indices, and cryptocurrencies. Notably, Prior Capital has received recognition for its customer support and trading services, establishing a reputation for reliability in the online trading community.

　　The business model of Prior Capital encompasses retail forex trading, offering various account types to meet the needs of different traders, from beginners to seasoned professionals. The broker also provides institutional services, ensuring a comprehensive approach to meet the diverse demands of its clients.

2. Regulatory and Compliance Information

　　Prior Capital operates under the regulatory oversight of several key financial authorities. The primary regulatory bodies include the Cyprus Securities and Exchange Commission (CySEC) and the International Financial Services Commission (IFSC).

• 　　Regulatory Bodies:

• 　　Cyprus Securities and Exchange Commission (CySEC)

• 　　International Financial Services Commission (IFSC)

• 　　License Numbers:

• 　　CySEC License No. 221/13

　　The regulatory licenses held by Prior Capital are valid and cover a wide range of trading activities, ensuring compliance with local and international financial regulations. The broker adheres to strict guidelines for client fund management, implementing a customer fund segregation policy to ensure that clients' funds are kept separate from the company's operating funds.

　　Additionally, Prior Capital participates in investor compensation schemes, providing an extra layer of security for its clients. The broker also complies with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, ensuring a secure trading environment for its users.

3. Trading Products and Services

　　Prior Capital offers a comprehensive range of trading products, catering to various trading strategies and preferences. The broker provides access to over 1500 financial instruments, including:

• 　　Forex Trading:

• 　　Over 50 currency pairs, including major, minor, and exotic pairs.

• 　　CFDs:

• 　　A wide array of Contracts for Difference (CFDs) on indices, commodities, and cryptocurrencies.

• 　　Special Products:

• 　　Prior Capital also offers unique trading products such as futures and options, allowing traders to diversify their portfolios further.

　　The broker regularly updates its product offerings to include new instruments based on market demand and trading trends. Retail trading services are complemented by advanced tools and resources, enabling traders to make informed decisions. For institutional clients, Prior Capital provides tailored services that include liquidity solutions and white-label offerings.

4. Trading Platforms and Technology

　　Prior Capital supports two primary trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both platforms are renowned for their user-friendly interfaces and robust trading capabilities, making them suitable for traders of all levels.

• 　　MetaTrader 4:

• 　　A popular platform known for its advanced charting tools, technical indicators, and automated trading capabilities through Expert Advisors (EAs).

• 　　MetaTrader 5:

• 　　The successor to MT4, offering additional features such as more timeframes, advanced order types, and improved analytical tools.

　　In addition to these platforms, Prior Capital provides a web-based trading solution that allows clients to trade directly from their browsers without the need to download software. The broker also offers mobile applications compatible with both iOS and Android devices, ensuring that traders can manage their accounts and execute trades on the go.

　　The execution model employed by Prior Capital includes both ECN (Electronic Communication Network) and STP (Straight Through Processing), ensuring competitive pricing and fast order execution. The broker's technological infrastructure is designed to provide stability and speed, with servers located in strategic locations to optimize trade execution times.

5. Account Types and Trading Conditions

　　Prior Capital offers several account types tailored to meet the varying needs of its clients. The main account types include:

• 　　Basic Account:

• 　　Minimum deposit: $250

• 　　No commissions on trades.

• 　　Spreads starting from 1.5 pips.

• 　　Standard Account:

• 　　Minimum deposit: $1,000

• 　　No commissions.

• 　　Spreads starting from 1.0 pips.

• 　　Pro Account:

• 　　Minimum deposit: $10,000

• 　　Commission of $20 per lot.

• 　　Tight spreads starting from 0.5 pips.

　　All account types offer leverage options, with a maximum leverage of up to 1:30, depending on the account type. Minimum trade sizes start at 0.01 lots, and the broker provides a swap-free account option for clients who cannot engage in overnight interest payments.

　　Prior Capital also offers a demo account for potential traders to practice their strategies without financial risk. The demo account mimics real market conditions, allowing traders to familiarize themselves with the trading platform and tools available.

6. Fund Management

　　Prior Capital supports multiple deposit and withdrawal methods to facilitate client transactions. The available funding options include:

• 　　Deposit Methods:

• 　　Bank transfers

• 　　Credit/debit cards (Visa and Mastercard)

• 　　E-wallets (Skrill, Neteller)

• 　　Minimum Deposit Requirements:

• 　　Basic Account: $250

• 　　Standard Account: $1,000

• 　　Pro Account: $10,000

　　The processing time for deposits varies depending on the method used, with credit card deposits typically processed instantly, while bank transfers may take 1-3 business days.

　　Prior Capital does not charge fees for deposits via credit cards, but a 2% fee applies to other deposit methods. Withdrawal methods mirror those of deposits, and the processing time for withdrawals can range from 1-5 business days, depending on the method selected. Withdrawal fees apply, particularly for bank transfers, which may incur charges based on the bank's policies.

7. Customer Support and Educational Resources

　　Prior Capital prides itself on offering robust customer support. Clients can reach the support team through various channels, including:

• Support Channels:
• Phone support
• Email support
• Live chat
• Social media platforms

　　The customer support team is available from 08:00 to 16:00 GMT, Monday through Friday, providing assistance in multiple languages, including English, French, Russian, and Chinese.

　　In addition to customer support, Prior Capital offers a range of educational resources to help traders enhance their skills. These resources include webinars, tutorials, eBooks, and market analysis reports. The broker also provides trading tools such as economic calendars and calculators to assist clients in making informed trading decisions.

8. Regional Coverage and Restrictions

　　Prior Capital serves clients from various regions, focusing primarily on the European and Asian markets. The broker has established offices in key locations to cater to its diverse clientele.

　　However, Prior Capital does not accept clients from certain jurisdictions, including the USA, Canada, Japan, Iran, Cuba, Sudan, Syria, and North Korea. These restrictions are in place to comply with local regulations and ensure a secure trading environment for its clients.

　　In summary, Prior Capital is a comprehensive trading platform that offers a wide range of services and products to cater to the needs of various traders. With its regulatory compliance, robust trading tools, and dedicated customer support, Prior Capital continues to be a notable player in the online trading industry.