Lord Prime Forex Broker

Lord Prime Review Summary Founded2024 Registered Country/RegionKazakhstan RegulationNo regulation Market InstrumentsForex, Metals, Cryptocurrencies Demo Account✅ LeverageUp to 1:1000 Spread (EUR/USD)2.2 pips (Standard Account) Trading PlatformMetaTrader 4, MetaTrader 5 Minimum Deposit$50 Customer SupportContact form Social Media: Telegram Address: Kazakhstan, Astana, st. Azilkhan Nurshaikov, building 10/1 Regional Restrictionsthe United States, Japan, Canada, Australia, and countries in the European Economic AreaLord Prime Information Lord Prime is a broker based in Kazakhstan that was registered in 2024. It is currently not regulated by any significant regulatory authority. It has MT4 and MT5 trading platforms and lets you trade forex, metals, and cryptocurrencies. You can also open several types of accounts and get leverage up to 1:1000.Pros and Cons ProsCons Supports MT4 & MT5 platformsNot regulated Five account typesWide fixed spreads (2.2 pips) Demo account availableOnly supports crypto payment Regional restriction High commissionIs Lord Prime Legit? Kazakhstan, where Lord Prime says it is registered, does not have any regulations about it. The FCA (UK), ASIC (Australia), or CySEC (Cyprus) also do not have any rules about it. The domain lordprime.io was registered on May 23, 2024, and is now locked (client Transfer Prohibited). Please be aware of the risks!What Can I Trade on Lord Prime? Lord Prime offers trading in over 40 currency pairs, as well as precious metals and cryptocurrencies. Tradable InstrumentsSupported Forex✔ Metals✔ Cryptocurrencies✔ CFDs✔ Indexes❌ Stocks❌ ETFs❌Account Types Lord Prime has five active account types that are perfect for novices, skilled traders, and algorithmic trading. There is no minimum deposit, and the accounts work with the MT4 and MT5 platforms. You can practice with a demo account, and if you ask, you can get an Islamic (swap-free) account. Account TypeMinimum LeverageMaximum LeverageMinimum DepositContract Size Standard1:101:5000 USD1 lot = 100,000 Classic1:101:5000 USD1 lot = 100,000 ECN1:101:5000 USD1 lot = 1,000 Automatic1:501:10000 USD1 lot = 1,000 Prime1:501:10000 USD1 lot = 1,000Leverage Depending on the type of account, Lord Prime lets you choose from a range of customizable leverage possibilities, from 1:10 to 1:1000. You can get up to 1:500 in leverage with Standard, Classic, and ECN accounts. With Automatic and Prime accounts, you can get up to 1:1000. High leverage can greatly boost profit potential by allowing traders to control larger positions with minimal cash, but it also comes with more risk.Lord Prime Fees Compared to other companies, Lord Prime's trading fees are thought to be rather high. This is mostly because all of its primary account types have the same wide spreads (2.2 pips) and fixed commissions that change depending on the account. Account TypeAvg Spread (e.g. EUR/USD)Commission per Lot Standard2.2 pips$10 Classic2.2 pips$8 ECN2.2 pips$15 Automatic2.2 pips$10 Prime2.2 pips$10Trading Platform Trading PlatformSupportedAvailable DevicesSuitable For MetaTrader 4✔Windows, macOS, iOS, AndroidBeginners MetaTrader 5✔Windows, macOS, iOS, AndroidExperienced tradersDeposit and Withdrawal There are no fees for deposits or withdrawals with Lord Prime, and all methods currently provide 0% commission. Depending on the coin and network used, the minimum deposit amount is $50. Payment OptionsNetworkMinimum AmountCurrencyCommissionProcessing Time Tether (USDT)TRC-20$50USD0%Instantly Tether (USDT)ERC-20$100USD0%Instantly Tether (USDT)BEP-20$50USD0%Instantly