Prima Capital Forex Broker

Prima Capital Review SummaryFounded2023Registered Country/RegionLebanonRegulationUnregulatedMarket InstrumentsForex, indices, commodities, metals, cryptos CFDsDemo Account/Islamic Account✅LeverageUp to 1:500SpreadFrom 1.2 pips (PRIMA CLASSIC account)Trading PlatformMT5Copy Trading✅Min Deposit$50Customer SupportContact formTel: +961 1 587 709, +961 3 097 709Email: info@prima-capital.comLinkedIn, Instagram, X, TelegramAddress: West End 33 bldg, 4th floor, Gemayze, Beirut, LebanonRegistered address: Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint LuciaRegional RestrictionsAfghanistan, American Samoa, Andorra, Azerbaijan, Belarus, Benin, Botswana, Bosnia and Herzegovina, Burkina Faso, Burundi, Cambodia, Cayman Islands,Cape Verde, Central African Republic, Chad, Congo, Cuba, Equatorial Guinea, Gibraltar, Haiti, Iran, Jamaica, Japan, Libya, Mali, Myanmar, Mozambique, New Zealand, N. Korea, Oman, Pakistan, Palau, Panama, Philippines, Palestine, Russian Federation, Senegal, Singapore, Somalia, Sudan, Syria, Tanzania, Tajikistan, Turkmenistan, Uganda, Ukraine, United Kingdom, United States, US Virgin Islands, Vanuatu, Venezuela, Western Sahara, Yemen, ZimbabweOverview of Prima Capital Founded in 2023, Prima Capital is an unregulated broker registered in Lebanon, offering trading in forex, indices, commodities, metals, and cryptos CFDs trading with leverage up to 1:500 and spread from 0.0 pips via the MT5 platform. Demo accounts are available and the minimum deposit requirement to open a live account is as low as 50 USD.Pros & ConsProsConsVarious trading assetsNo regulationDemo accountsUnknown payment optionsMultiple account typesRegional restrictionsMT5 supportedCopy tradingLow minimum depositComprehensive customer supportIs Prima Capital Limited Legit? No, Prima Capital is noted as being unregulated, which means it does not hold a license from any of the known financial regulatory bodies that oversee trading practices. Operating without regulation can pose risks to traders because they may not have the same level of protections that regulated firms offer, such as compensation schemes or dispute resolution services.Market InstrumentsTradable Instruments Supported Forex✔CFDs✔Indices✔Commodities✔Metals✔Cryptocurrencies✔Stocks❌Bonds❌Options❌ETFs❌Account TypesAccount TypeMin DepositPRIMA CLASSIC$50PRIMA VIP$10,000Leverage Prima Capital offers leverage up to 1:500 for both account types. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.Spreads & CommissionsAccount TypeSpreadCommissionPRIMA CLASSICFrom 1.2 pips❌PRIMA VIPFrom 0.0 pips$7 per lotTrading Platform Prima Capital utilizes the MetaTrader 5 (MT5) trading platform for its operations. MetaTrader 5 is a highly regarded platform in the online trading community for its advanced features and capabilities. It offers a wide range of tools for price analysis, algorithmic trading applications (such as Expert Advisors), and advanced financial trading functions. MT5 supports trading in forex, stocks, and commodities and provides traders with access to a comprehensive set of technical indicators, graphical objects, and detailed charting tools.Trading PlatformSupported Available Devices Suitable forMT5✔/Experienced tradersMT4❌/Beginners