LIMIT PRIME Forex Broker

Overview of LIMIT PRIME

　　LIMIT PRIME is a trading service provider established in 2017, offering clients a range of CFD trading options such as currency pairs, commodities, indices, and stocks, from its Montenegro base. While it operates without formal regulation, it seeks to attract a broad spectrum of traders with account types ranging from STANDARD to PLATINUM, up to 1:200 leverage, and the lure of zero commission on trades. LIMIT PRIME leans on the popular MetaTrader 5 platform to deliver a versatile trading experience, supplemented by a commitment to accessible customer support via various communication channels.

Is LIMIT PRIME Legit？

　　LIMIT PRIME is not regulated. It is important to note that this broker does not have any valid regulation, which means it operates without oversight from recognized financial regulatory authorities. Traders should exercise caution and be aware of the associated risks when considering trading with an unregulated broker like PURECAPITALS, as there may be limited avenues for dispute resolution, potential safety and security concerns regarding funds, and a lack of transparency in the broker's business practices.

Pros and Cons

　　LIMIT PRIME caters to a broad range of traders with various account types, each tailored to suit different trading styles and experience levels. The platform's competitive leverage options, reaching up to 1:200, offer traders the potential for significant market exposure, while the absence of commission on trading activities enhances its appeal for cost-conscious users. However, the lack of specified educational resources could leave traders, especially novices, seeking additional support for their market education. Moreover, the unregulated status of LIMIT PRIME might prompt concerns regarding the safety of funds and the overall security and credibility of the trading environment, considerations that are crucial for traders relying on the integrity of their brokerage platform.

Trading Instruments

　　LIMIT PRIME offers a variety of CFD trading instruments, including over 40 currency pairs, commodities such as oil and gold, all major global indices, and a wide range of stocks.

　　Here is a comparison table of trading instruments offered by different brokers:

Account Types

　　LIMIT PRIME provides four types of accounts: STANDARD, SILVER, GOLD, and PLATINUM. Each account type likely offers different features and benefits suited to varying levels of trading experience and investment sizes.

Leverage

　　LIMIT PRIME offers varying leverage levels depending on the client's location and the trading instruments. For clients in Montenegro, the leverage is up to 1:100 for currency pairs and gold & silver, 1:20 for stocks and other commodities, 1:50 for indices, and 1:5 for cryptocurrencies, as well as USOIL & UKOIL. For clients from other countries, leverage can range up to 1:200 for currency pairs, 1:50 for gold & silver and other commodities, with other instruments having similar leverage to Montenegrin clients.

　　Here is a comparison table of maximum leverage offered by different brokers:

Spreads and Commissions

　　LIMIT PRIME offers trading with zero commission on every asset and applies variable spreads to its trades. An overnight fee, also known as a swap fee, is charged if a position is left open during the night hours. There are no hidden fees associated with trading.

Deposit & Withdraw Methods

　　LIMIT PRIME accepts various methods for deposit and withdrawal, including Bank Transfer, Skrill, NETELLER, Visa, and American Express.

Trading Platforms

　　LIMIT PRIME offers the MetaTrader 5 (MT5) trading platform, which is available for download on Windows and macOS operating systems, as well as through mobile applications from the Play Store for Android devices and a Web Trader for online access.

Customer Support

　　LIMIT PRIME offers various customer support options:

　　Email support through info@limitprime.com

　　Telephone support at +38267242242

　　An option to meet in person at their office located at 8 Marta 14E Podgorica

Conclusion

　　LIMIT PRIME presents a mixed offering with its array of account types tailored to various trading preferences and its competitive leverage up to 1:200, appealing to traders seeking to maximize their market positions without incurring commission fees. However, the platform's unregulated status and the absence of clearly defined educational resources may be seen as significant drawbacks, potentially overshadowing its benefits. Traders might therefore approach this platform with caution, balancing the attractive trading conditions against the potential risks associated with limited regulatory protection and educational support.

FAQs

　　Q: Is LIMIT PRIME regulated？

　　A: No, LIMIT PRIME is not currently regulated by any financial regulatory authority.

　　Q: What trading options does LIMIT PRIME offer？

　　A: LIMIT PRIME provides an assortment of CFD trading opportunities, including forex, commodities, indices, and stock CFDs.

　　Q: Can traders choose from different types of accounts on LIMIT PRIME？

　　A: Yes, LIMIT PRIME offers a variety of accounts, namely STANDARD, SILVER, GOLD, and PLATINUM, to cater to the diverse needs of traders.

　　Q: How does LIMIT PRIME structure its leverage offerings？

　　A: Traders at LIMIT PRIME can utilize leverage ratios up to 1:200, depending on the traded asset.

　　Q: What platforms can I use to trade with LIMIT PRIME？

　　A: LIMIT PRIME supports trading on the MetaTrader 5 platform as well as a Web Trader for online access.

Risk Warning

　　Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

　　In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.