Seaprimecapitals Forex Broker

Seaprimecapitals Review SummaryFounded2022Registered RegionSaint Vincent and the GrenadinesRegulationNo regulationMarket InstrumentsCFDs, 50+ forex pairs, crypto pairs, commoditiesDemo Account✅LeverageUp to 1:200Spread (EUR/USD)2–2.5 pips (Standard account)Trading PlatformMetaTrader 5 (MT5)Minimum Deposit$10Customer SupportPhone: +97142721406Email: ceo@seaprimecapitals.comSeaprimecapitals Information Seaprimecapitals, founded in 2022 and registered in Saint Vincent and the Grenadines, operates without statutory financial oversight. CFD trading on forex, crypto, and commodities is available via the MetaTrader 5 platform, with three live account types and a demo account. While it offers a minimal minimum deposit and flexible trading alternatives, traders face increased risk due to a lack of regulatory monitoring.Pros and ConsProsConsMetaTrader 5 availableNo regulationWide range of trading instrumentsHigh spreads on Standard and Premium accountsLow minimum deposit ($10)No swap-free accountsIs Seaprimecapitals Legit? SeaprimeCapitals is not a regulated broker. Although it claims registration in Saint Vincent and the Grenadines, the country lacks a recognized financial body to monitor forex or brokerage operations. According to Whois data, the domain seaprimecapitals.com was registered on February 10, 2022, last updated on February 10, 2024, and will expire on February 10, 2026. The current status is “client transfer prohibited”.What Can I Trade on Seaprimecapitals? Seaprimecapitals provides CFD trading for over 50 currency pairings, a variety of prominent cryptocurrency pairs, and numerous important commodities such as gold, silver, and crude oil.Tradable InstrumentSupportedCFDs✔Forex (50+ pairs)✔Cryptos (popular pairs)✔Commodities (major)✔Indices✖Stocks✖Bonds✖Options✖ETFs✖Account Type Seaprimecapitals provides three types of live accounts: Micro, Standard, and Premium, as well as a demo account for practice. It makes no mention of offering swap-free (Islamic) accounts. The Micro account is intended for beginners, the Standard for frequent traders, and the Premium for those looking for additional services, all with the same leverage level.Account TypeMinimum DepositMaximum LeverageSpreadSuitable forMicro$1001:2001–1.5 pipsBeginners, small-scale tradersStandard$5002–2.5 pipsRegular traders needing standard termsPremium2.5–3.5 pipsTraders seeking premium service levelsLeverage Seaprimecapitals provides leverage up to 1:200 for all account types (Micro, Standard, and Premium). While high leverage can boost possible gains, it also increases the chance of big losses, so traders should exercise caution.Seaprimecapitals Fees Overall, Seaprimecapitals' trading fees are higher than the industry average, particularly given the greater margins on Standard and Premium accounts.Account TypeSpread (EUR/USD)CommissionMicro1–1.5 pips0Standard2–2.5 pips0Premium2.5–3.5 pips0Trading PlatformTrading PlatformSupportedAvailable DevicesSuitable forMetaTrader 5 (MT5)✔Android, iPhone, Mac, WindowsExperienced tradersMetaTrader 4 (MT4)✖—BeginnersDeposit and Withdrawal Seaprimecapitals does not charge deposit fees, although most methods include withdrawal fees (typically 2.5%). The minimum deposit is $10.Payment MethodMinimum - MaximumDeposit FeeWithdrawal FeeDeposit TimeWithdrawal TimeNeteller$10 – Unlimited00Instant1–7 working daysBank Transfer$10 – $50,0002.5%1–7 working days1–2 working hoursSkrill MoneyBookers$10 – UnlimitedInstantVisa$10 – $50,0006–12 working hoursMastercard$10 – Unlimited0Instant