The PrimeCFDs broker is one of the brokerage companies that participate in the fierce competition for the best online trading platform. It was established recently and quickly gained a significant popularity. There are multiple reasons for that. Of course, the first question everyone asks is whether PrimeCFDs is a scam or not. The following review covers all important aspects of the brokerage.
There is a significant amount of evidence that even though the broker is new, it is reliable and you can safely use it for trading. It has created a sustainable competitive advantage for itself by providing top-notch security. But this is not the only worthy thing about it.
Read further to learn more about the merits of the PrimeCFDs broker. It is one of the few brokers released in the past six months that actually deserves attention and has quality to offer. By reading my detailed review, you will understand why I recommend it as a good choice.
Broker Name: PrimeCFDs
Minimum Deposit: $250*
*This is not a payment. The broker does not apply fees for maintaining a trading account on their platform. Using the service is entirely free of charge and does not involve additional payments. As a client of the brokerage, you gain free access to trading resources, a training toolkit, and features.
Basics about PrimeCFDs
The broker has been established during a period when the demand for CFD trading brokers is huge. More and more people turn to the Contract For Differences financial derivative because of the ease with which it is traded. This is a financial instrument that can be understood and exploited by people even with limited previous experience in online trading or finance as a whole.
Review Verdict: PrimeCFDs Is Not a Scam
PrimeCFDs offers a welcoming and user-friendly environment for people to apply and expand their skills and abilities. It is a broker established by professionals in the field. They are partnering with trading experts and software developers of top quality so that the platform can be perfectly optimized and running smoothly.
Basic Important Traits
The broker is browser-based and you do not have to download additional installation packages. The support is 24/7 and you can communicate with the assistance team and the trading advisors via e-mail, live chat, and phone.
Features & Resources of PrimeCFDs
What gives a clear sign that the broker has made the effort to provide a quality experience, is the extensive resource center. In it, you can find everything that is necessary to enhance and optimize your investment experience. These include a Forex trading guide, Investors’ Psychology insights, detailed market analyses, investment strategies, and many, many more. If you lack previous experience, on the platform you can learn in detail about stocks, Forex, and CFD trading. There are numerous free video lessons and free eBooks.
There are additional features like the Social Trading opportunity. You can choose a signals provider to follow and monitor their performance in real time. You can also make use of the Copy Trading feature and copy successful traders’ portfolios onto your account.
You can do all that with dozens of assets in the four major categories – Commodities, Indices, Stocks, and Forex, and with additional 10 Crypto assets. This is a clear sign that the broker has optimized its operations in such a way that it follows latest trends in the industry.
Is PrimeCFDs a Scam Broker or Not?
One of the main advantages of the brokerage is the high level of security it offers. The platform is encrypted with all necessary protocols. In addition to that, it is under the regulation of the biggest institutions in the industry. This adds further to the reliability of the provided services.
Despite being new, there are already a significant number of people who trade using the platform. The predominant opinion is that the broker is very promising and it can provide quality services and reliability. This, along with all the features and the very well developed platform, has convinced me that the broker truly does provide authenticity for its clients. PrimeCFDs is not a scam and I strongly recommend it.
Starting Out with PrimeCFDs
In order to join the broker, you have to complete a registration process which includes you supplying your personal information and making an initial deposit. There are 5 main account tiers and they have different initial deposits. But the basic minimum with which you can start is just $250. People with limited financial abilities are advised not to invest funds they don’t have. Especially if their knowledge of the industry is insignificant.
You can learn more about the account tiers on the official website of the PrimeCFDs broker. The higher the account tier, the more the additional features included. Choose the one that is going to answer both your investment needs and capital abilities.
Deposits can be made via various payment methods as PrimeCFDs works in cooperation with the biggest payment institutions. You can freely choose the method you prefer. The same is going to be used when withdrawals are being made.
The PrimeCFDs broker is not a scam and if you are wondering if it is a good way to start trading CFDs and Forex, the answer is yes. It has clear terms and conditions for trading, the platform is encrypted and regulated, and all of your funds and personal information are going to be kept safe. You can start with a small minimum deposit of $250. Keep in mind that this is not a payment – using the services of the broker is completely free-of-charge. It truly is a promising platform and I recommend it.
Review Verdict: PrimeCFDs Is Not a Scam