What is FXPrime.com?
FXPrime.com is a global forex and CFD broker that offers a wide range of tradable assets across different markets, including currency pairs, stocks, indices, commodities, and cryptocurrencies. The company is headquartered in the Seychelles and is regulated by the Financial Services Authority (FSA).
FXPrime.com offers two main types of trading account: a standard account and a VIP account. The standard account requires a minimum deposit of $250 and gives access to leverage of up to 1:500. The VIP account requires a minimum deposit of $50,000 and gives access to leverage of up to 1:200. Both accounts offer competitive spreads from 0.0 pips on major currency pairs.
In addition to its Seychelles regulation, FXPrime.com is also registered with the Financial Conduct Authority (FCA) in the UK and with the Australian Securities and Investments Commission (ASIC). This allows the company to offer its services to clients from all over the world, including from the European Union, the United Kingdom, and Australia.
FXPrime.com provides its clients with a choice of two trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). MT4 is one of the most popular trading platforms in the world and is available for desktop, web, and mobile devices. MT5 is the successor to MT4 and offers improved performance, more features, and greater flexibility. Both platforms are
Who is behind FXPrime.com?
FXPrime.com is a forex and CFD broker that was founded in 2008. The company is owned by Prime Markets Group Inc., which is also the owner of other forex brokers such as Trade360 and PrimeCFDs. FXPrime.com is based in Nicosia, Cyprus and is regulated by the Cyprus Securities and Exchange Commission (CySEC).
The broker offers two account types – Standard and ECN – with leverage up to 1:500 and spreads from 0 pips on the ECN account. FXPrime.com uses the MetaTrader 4 platform for desktop, web, and mobile trading. The broker also has its own proprietary trading platform called Prime Trader, which is available for desktop only.
FXPrime.com provides negative balance protection to all its clients and offers a free VPS service to those who trade with an account balance of $5,000 or more. Deposit and withdrawal methods include credit/debit card, bank wire transfer, and e-wallets such as Skrill and Neteller.
What type of broker is FXPrime.com?
FXPrime.com is a online broker that offers trading in spot foreign exchange (“Forex”), metals, and cfds on commodities, indices, and cryptocurrencies. The company is headquartered in Estonia and is regulated by the Financial Supervisory Authority of Estonia (FSA).
The broker offers two account types: a standard account and an ECN account. The standard account requires a minimum deposit of $100 and gives traders access to leverage of up to 1:200. The ECN account requires a minimum deposit of $500 and gives traders access to leverage of up to 1:500. Both accounts give traders access to the MetaTrader4 platform.
The broker also offers Islamic accounts for Muslim traders who wish to trade in accordance with Sharia law. These accounts are swap-free and require a minimum deposit of $1,000.
Pros:
– Regulated by the Financial Supervisory Authority of Estonia
– Offers two account types: standard and ECN
– Offers Islamic accounts for Muslim traders
– Leverage up to 1:500
– MetaTrader4 platform
Cons:
– Higher minimum deposit for ECN account
What instruments does FXPrime.com offer?
FXPrime.com offers a wide range of instruments for its clients to trade, including major and minor currency pairs, commodities, indices, and shares. The company also offers a variety of tools and resources for its clients, including an economic calendar, market analysis, and educational materials.
How does FXPrime.com make money?
When it comes to forex trading, there are two main ways that brokers make money: by charging commissions on each trade, or by building the spread into the price of the currency pairs. FXPrime.com uses the latter model, adding a small mark-up to the interbank rates that they quote to their clients. This is how most forex brokers make their money, and it’s generally considered to be the fairest way for traders.
What are the spreads and leverage at FXPrime.com?
FXPrime.com offers a variety of spreads and leverage options to suit the needs of all kinds of traders. For those looking for low spreads, the ECN account offers spreads from 0.0 pips. For those who want higher leverage, the Prime account offers up to 1:500 leverage. And for those who want a mix of both, the Pro account offers spreads from 0.1 pips and up to 1:200 leverage.
Are there any deposit or withdrawal fees at FXPrime.com?
At FXPrime.com, there are no deposit or withdrawal fees charged on any account type. This is one of the key benefits of trading with this broker as many other brokers in the industry charge fees for deposits and withdrawals. Another benefit of FXPrime.com is that they offer free wire transfers for all their clients, regardless of account type.
How safe is FXPrime.com?
When it comes to safety, there are a few things to consider with FXPrime.com. First and foremost, the company is regulated by the Cyprus Securities and Exchange Commission (CySEC), which is a well-respected regulator in the online trading world. This means that FXPrime.com must adhere to strict financial standards and practices, which provides some level of protection for traders.
Additionally, all client funds are segregated in tier-1 banks, meaning that they are protected in the event that FXPrime.com were to become insolvent. Finally, the platform uses SSL encryption to protect all data and transactions, which adds an extra layer of security.
Overall, FXPrime.com appears to be a safe and secure broker with robust regulation in place. However, as with any online broker, there is always some risk involved so it’s important to do your own research before investing any money.