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Forex Brokers Rating

Prime Trades

Prime Trades

Prime Trades Broker Information

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  • Jurisdiction:
  • Regulators:
  • Founded: 2020

Prime Trades Quick reference

Prime Trades is a property of Prime Tech Ltd. The company is registered in the Marshall Islands. Address: Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands, MH 96960. The document “Terms and Conditions” indicates that the broker and the parent company conduct their activities based on the legislative framework of the island republic. No license is provided on the site. Information on the date of foundation of the dealing center is not available in the public domain.

The broker offers to trade in

Currency pairs are represented among trading instruments: majors, cross-rates, exotic pairs. It is possible to trade the most famous indices, as well as shares and futures. Prime Trades offers metals and energy as instruments.

Prime Trades trading conditions

The broker doesn’t say much about trading conditions. Information on this subject can be found in the "About Us" section and in the description of trading instruments. What is known?

  • Low spreads.
  • Leverage  — 1:300. 
  • Prime Trades assures that it provides maximum transparency in transactions.

Trading terminals

The broker allows you to trade via a computer, tablet and smartphone. At the customers’ disposal there is the MetaTrader 4 trading terminal, which can be downloaded for Windows, Android, and iOS operating systems. Download links are available on the site. A web terminal that does not require downloading, is also available. You can open it via any browser and trade online.

Prime Trades trading accounts

The broker does not provide detailed information about trading accounts that traders can open. It is indicated only that there are three of them:

  • Basic;
  • Gold;
  • Platinum. 

Prime Trades can also offer an Islamic account. There is a demo account with virtual money for beginners.

Replenishment and withdrawal of funds

Prime Trades provides traditional directions for replenishment and withdrawal of funds:

  • with the help of card;
  • through a payment system;
  • through bank transfer. 

Replenishment through the card takes from five to eight days, by bank transfer takes up to three days. The broker doesn’t mention anything about the commission, so whether it exists or not it is unknown. 

Registration and personal account

Before opening a deposit on the broker's website, you need to register and also pass an identity verification check. For this purpose, you need to upload a photo of a valid civil passport into your personal account, if there is none, then a photo of a driver’s license or residence permit is suitable. It is also necessary to confirm the place of residence by uploading photos of utility bills, a bank statement or any other official document into your account that can confirm the client’s residence at the address specified during registration in the last six months. All personal information and photo documents will be stored in your account, where the records of transaction are also displayed. 

Conclusion 

We summarized information about Prime Trades. You can get to know the broker closer by examining the legal documents that the company has submitted, especially the “Terms and Conditions”. Do not forget to read customer feedbacks on the Prime Trades website, as well as find out what they say about it on the network. This will help you to make an objective opinion about the dealing center and decide whether to contact it or not.

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