PrimeFin Review 2021: Steal the Show with the top Trading Broker

To match the fastest-growing financial world, you need a financial service provider that pushes your trading limits. There is no other name than PrimeFin. It is the top brokerage firm rendering its services across South Africa and many major economies.

Through its astounding services, you can successfully meet your objectives and speed up your trading process. Along with the trading process, you can also surge your trading knowledge through exceptional trading courses designed keeping both neophyte and seasoned traders in mind. So, you can go ahead and grab each financial market opportunity without any fear as the firm is legitimate.

The various points, services and tools offered by this award-winning platform are discussed later in the PrimeFin Review 2021.

A perfect blend of top tools and services for South African traders 

PrimeFin is one of the top trading firms which started its operations in 2020. It is a trading name of famous Caps Solutions Limited, and the same operates the entire firm and its official website. Though it’s advanced analytical and research tools, you can precisely determine the entry and exit points. They further help in reaching a potential decision and harvesting massive profit.

Summary of PrimeFin 

Offering top-class services, satisfying each trader’s demand and winning the hearts of millions of traders is not that easy. Though being a relatively new brokerage firm, PrimeFin has successfully sailed through each parameter. Its services and tools are tailored, keeping the demands of the contemporary world in mind. A succinct description about services, charges and regulation are listed in the following points.

Fundamental details about the firm 

  • Operating firm: Caps Solutions Limited
  • Regulation: the Labuan Financial Services Authority (LFSA)
  • License number: MB/20/0052
  • Headquarter: Unit B Lot 49, 1st Floor, Block F, Lazenda Warehouse 3 Jalan Ranca Labuan Malaysia

PrimeFin Review

Top features boosting financial market trading 

  • An instant trading account
  • Excellent educational material
  • Newfangled trading platforms
  • Stop-loss order
  • Multi-device trading apps
  • Fast execution speed
  • One-click trading
  • Cross-functional platform
  • Precise research tools
  • Dedicated customer support service
  • More than 350 assets for trading
  • Negative balance protection

Absolutely affordable trading platform 

  • Zero commission on trade
  • Minimum deposit $100
  • Spread starting at 0.03
  • Leverage up to 1:100

Is PrimeFin Scam or safe? 

  • Firms registered and licenced under the legitimate financial body fall in the category of safe ventures to trade. PrimeFin lies on the same list. It is a well-regulated firm authorised by the Labuan Financial Services Authority (LFSA) under the license number MB/20/0052.
  • The brokerage firm is a trading name of registered Caps Solutions Limited, a company with registration number 12734767. The company handles the website and all payments on behalf of the broker.

Both these points clearly reflect that PrimeFin is absolutely a safe venture to invest your hard-earned money. The regulatory authority keeps checking on each activity of the broker.

Is your data safe with PrimeFin? 

PrimeFin offers ultra-modern techniques which ensure that the platform operates safely and smoothly. Thus, it allows you to concentrate on the most notable thing, i.e. trading. The top-class data safety tool of the broker include:

  • SSL software and Firewalls
  • Robust data encryption on multiple levels
  • Servers in SAS 70 (certified data centres)

Multiple trading accounts to choose from 

PrimeFin offers various account types for both seasoned traders and neophytes to promote hassle-free, highly responsive and lightning-fast trading. You can opt the one which fits your trading standards best and meet your trading demands. Let’s take a quick overview of the trading conditions and advantages linked with each account type.

1) Retail trading account or precious metal account 

You can find three main account types in this particular category.

  1. a) Silver account: For amateurs 

If you go with the silver account you will get these following benefits:

  • Hedging
  • Spreads starting from 0.07
  • More than 350 assets
  • Customised investment news
  • No withdrawal commissions
  • Maximum leverage up to 1:200
  • Zero commission on trading
  • Dedicated account manager
  • Available base currencies: EUR/USD, , USD/CHF, USD/CAD, EUR/GBP, USD/JPY, AUD/USD,  GBP/USD,  NZD/USD, and several others
  1. b) Gold account: For experienced traders 

If you go with the silver account you will get these following benefits:

  • Hedging
  • Customised investment news
  • Dedicated account manager
  • Fifth decimal
  • More than 350 assets for trading
  • Free VPS
  • Maximum leverage up to 1:400
  • No withdrawal and deposit commission
  • Swap discount up to 25%
  • Minimum spreads 20 points
  • Top analytical tools
  • Stop out, or Margin calls: 100% or 50% (for retail traders) and 15% (for professional traders)
  • Available base currencies: EUR/USD, , USD/CHF, USD/CAD, EUR/GBP, USD/JPY, AUD/USD,  GBP/USD,  NZD/USD, and several others
  1. c) Platinum account: For professional traders 

If you go with the silver account you will get these following benefits:

  • Maximum leverage for clients is up to 1:500
  • No deposit limits
  • Spreads starts from 0.03
  • Minimum deposit just $100
  • Zero commission on trading
  • 50% swap discount
  • Execution modes: MT4NCC, MT4NDD, MT4 Cent, MT4 Fixed
  • Available base currencies: EUR/USD, , USD/CHF, USD/CAD, EUR/GBP, USD/JPY, AUD/USD,  GBP/USD,  NZD/USD, and several others

2) Demo or virtual trading to practice trade 

Demo or virtual trading account is the best way to practice trade, risk management strategies risk management strategies before entering the real financial world. The demo trading account of the broker has the following features:

  • For novice
  • Sufficient trading period
  • Free to apply your strategies
  • Absolutely free

primefin

Newfangled trading platforms to explore financial market 

The brokerage firm facilitates trading with ultra-modern trading platforms such as web trader, mobile application and MetaTrader 4. You just need to open your web browser and an uninterrupted internet connection to enter the global market. The features associated with each type are as follows.

1) Web Trader: Globally accepted and easy to use 

While opting for a web trader, it does not matter which device you have or where you are. It is one of the best ways in case you wish to ignore complex installation and downloads. Other main features of this platform are:

  • One-click trading
  • Utmost trading speed
  • Instant access to all bids and trades
  • Live charts
  • Monitor activity
  • Customised trading experience
  • View trading history
  • Multiple trading modes including two markets, instant execution, two stop orders, four pending and a trailing stop function
  • Free and multiple analytical tools such as Japanese candlesticks, charts, Fibonacci retracement, customised bars and several others

2) Meta Trader 4: A globally accepted and renowned tools

MT 4 is a globally accepted and renowned online trading platform that many successful traders and analysts recommend. It provides precise results and regular updates about the market shifts. Other prominent features of this platform are:

  • High-frequency trading
  • Account switching on single click
  • Take Profit functions
  • Automatic Stop Loss
  • Real-time balance level
  • Regular price alerts
  • Convenient sweep
  • Live chat
  • Free educational hub
  • Multilingual support

3) Mobile application: facilitates anywhere and anytime trading 

Through mobile trading platforms, you can instantly and smoothly enter and exit the financial market. It is the best way to handle trading with your daily activities. Moreover, it allows you to grab and react to each opportunity. Other main features of this platform are:

  • One-tap trading function
  • One-click trading
  • Utmost trading speed
  • Full control over bids
  • Customise the price notifications
  • Nine different timeframes available including M 30, M15, M5, M1, H4, H1, W1, D1, MN and several others
  • More than 60 trading tools
  • Free and multiple analytical tools such as Japanese candlesticks, charts, Fibonacci retracement, customised bars and several others
  • Regular market notifications

Check PrimeFine Broker Here

Diversify your trading portfolio through wide asset range 

To mitigate risk in the financial market, many analysts recommend including various assets in your trading basket. PrimeFin successfully expands your trading portfolio. It facilitates more than 350 tradable products to capitalise on. This list includes:

1) Forex

  • More than 40 currency pairs for trading
  • The top currency pairs offered include Euro vs US Dollar, Canadian Dollar vs Swiss Franc, Swiss Franc vs Japanese Yen and several others
  • Leverage 1:500
  • Trading hours: 00:00-24:00
  • Floating spreads
  • Zero commission and deposit charges

2) Cryptocurrency 

  • More than 30 cryptocurrencies for trading
  • The top cryptocurrencies available include Bitcoin Cash ABC vs US Dollar, Bitcoin vs US Dollar, Litecoin vs Euro and several others
  • Trading hours: 24/7
  • Leverage 1:2
  • Floating spreads
  • Zero commission and deposit charges

3) Commodity 

  • Trading on more than 20 commodities including oil, sugar, iron, coffee etc
  • Trading hours varies depending on the type of commodity
  • Leverage 1:125
  • Free deposit and zero commission
  • Floating spreads

4) Indices

  • More than 15 indices for trading
  • The top indices offered include CAC 40 Index Future, MINI-SIZE DOW Index Future, Nikkei 225 Index Future, Nasdaq100 Index Future and several others
  • Leverage 1:125
  • Trading hours vary
  • Floating spreads
  • Free deposit and zero commission

5) Stocks 

  • More than 20 stocks for trading
  • The top stocks include Adobe Systems Incorporated, American Airlines Group Inc, 3M Company, Alcoa Inc and several others
  • Leverage 1:10
  • Trading hours for each stock vary
  • Floating spreads

5) Metal 

  • Metals available include gold, platinum, silver, platinum, palladium and several others
  • Instant market assets
  • Exquisite service

Easy account opening process 

The trading account opening process with the brokerage firm is straightforward. It does not involve any time-consuming formalities and never asks for any sensitive data. You just need to spend your five valuable minutes to open the door for the global financial market. The steps involved are:

1) Visit the broker’s official website and sign in by providing name, country, last name and email id

2) Upload the essential documents which include identity proof, address proof, financial and bank statements (not older than six months)

3) Chose the asset and market you wish to trade and deposit the amount

4) Start trading

Note: You should keep the scanned documents ready beforehand to mitigate the time required for opening an account.

Commission and fee charged on trade 

The broker is extremely affordable for South African and other investors. It facilitates commission fee trading. You just require to deposit the minimum trading amount of $100 for the platinum account to start trading. The broker earns through swaps. However, there are discounts on swaps charges. Spreads and overnight fees are payable, but they are relatively low compared to other South Africa brokerage firms. Thus, the broker allows affordable trading for all levels of traders without compromising quality (trading services and tools).

Easy withdrawal and deposit of funds 

Deposit with the broker takes no time, whereas withdrawal of funds takes two to five business days. The broker offers all quick and global methods to serve this purpose. These payment options include:

  • VPay
  • Verified by VISA
  • Debit card
  • Credit card
  • Cryptocurrency wallet
  • Maestro
  • Neteller
  • Master card
  • Wire transfers
  • Skrill

Leverage to trade relatively larger trade 

The broker allows trading on margin. Leverage is an essential financial tool that enables you to bet relatively more extensive trade which you cannot afford otherwise. It changes depending on the market types.

2) Forex: 1:500

1) Cryptocurrency: 1:2

6) Commodity: 1:125

4) Indices: 1:125

3) Stock: 1:10

Research tools for analysing market trends 

Research is an essential part of trading and helps in making a potential trading decision. It further helps you to stay updated with all the factors affecting the asset price. PrimeFin offers the following advanced research tools to serve this purpose.

  • Daily news
  • Trading signal
  • Report season
  • Economic calendar

Excellent educational resources 

The financial market is an ocean which has many hidden concepts. You need to dive deep to make command on market fundamentals. PrimeFin has made it a bit simple for you. It offers various educational resources, including tutorials, e-books, courses and videos on demand to surge your knowledge.

Dedicated customer support service 

The customer support team of PrimeFin is excellent. It works round the clock to help you out. The ways to connect with the team are:

  • Phone: +44 1215120156 (Monday to Friday between 07:00 and 17:00 GMT)
  • Email id: support@primefin.com
  • Live Chat Option
  • Contact Form

The Bottom Line 

The real challenge comes when you enter the market. It is full of hurdles, and you may face numerous problems while making a decision. PrimeFin is a well-established and regulated firm which makes this path easy-going for you. It offers top trading tools which assist in reaching the precise target. The broker has everything which you require for a successful trade. So, go ahead and start your trading journey with the broker by opening an online trading account.

Frequently asked questions

1) Is PrimeFin regulated?

Yes, the broker is authorised and regulated by the Labuan Financial Services Authority (LFSA).

2) What is the minimum deposit for the platinum account?

The minimum deposit charged for the platinum account is $100. This amount is low compared to other South African firms. Thus, it makes this platform affordable.

3) Does PrimeFin offer research tools?

Yes, the broker offers advanced and modern research tools including daily news, trading signal, report season and an economic calendar.

4) How can you contact the customer support team of the broker?

  • Phone: +44 1215120156 (Monday to Friday between 07:00 and 17:00 GMT)
  • Email id: support@primefin.com
  • Live Chat Option
  • Contact Form