Score
PrimeFin
Malaysia|2-5 years| https://www.primefin.com/
Website
Rating Index
Influence
Influence
D
Influence index NO.1
Switzerland 2.62Surpassed 14.70% brokers
Contact
Licenses
Single Core
1G
40G
Contact number
+44 1215120156
Other ways of contact
Broker Information
More
Caps Solutions Ltd
PrimeFin
Malaysia
Pyramid scheme complaint
Expose
Check whenever you want
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- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The MalaysiaLFSA regulation (license number: MB/20/0052) claimed by this broker is suspected to be clone. Please be aware of the risk!
WikiFX Verification
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:100 |
| Minimum Deposit | -- |
| Minimum Spread | -- |
| Products | -- |
| Currency | -- |
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| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:100 |
| Minimum Deposit | -- |
| Minimum Spread | -- |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:100 |
| Minimum Deposit | -- |
| Minimum Spread | -- |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
- Fundamental Item(A)
- Total Supplementary Items(B)
- Debt Amount(C)
- Non-Fixed Capital(A)+(B)-(C)=(D)
- Relative amount of risk(E)
- Market Risk
- Transaction Risk
- Underlying Risk
Capital
$(USD)
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WikiFX Data providePrimeFin · Company Summary
General Information & Regulation
PrimeFin says to be a trading name of Caps Solutions Ltd, a company incorporated under the laws of Labuan, – a special economic and free trade zone within Malaysia, basically an offshore territory. PrimeFin is not subject to any regulation at this stage.
Market Instruments
PrimeFin claims that it provides instant access to over 10 000 markets, including forex pairs, crypto currencies, commodities, stocks, indices and precious metals,
Minimum Deposit
The minimum deposit requirement at PrimeFin is 250 USD. Although this initial deposit amount doesnt go too overboard, this unregulated broker is the one that traders should stay away from.
Leverage
In terms of trading platform, the maximum leverage level offered by this broker is up to 1:500, which is relatively high. Leverage magnifies the returns from favorable movements in a currency's exchange rate.It's important that forex traders learn how to manage leverage and employ risk management strategies to mitigate forex losses.
Spreads & Commissions
When it comes to spreads and commissions, this part is not disclosed. Since there is no demo account available, we cannot test it in this brokers trading platform.
Trading Platform Available
PrimeFin supports a web based platform, as well as the PrimeFin mobile app. A demo account is not offered.
Deposit & Withdrawal
PrimeFin says to accept payments with VISA, MasterCard and an e-wallet called Vpay. Since we were not able to check this however, here you may find as well our list of brokers, which process credit cards for sure.
News
NewsWikiFX report: PrimeFin Review: Is PrimeFin scam broker or a legitimate broker?
PrimeFin Review – It proudly claims to be regulated by one of the regulatory authorities LFSA under the laws of labaun, Malaysia. However, what the customers tend to miss is which exact regulation do they have a license from. Bragging about being the number.1 brokerage firm, PrimeFin cleverly hides many red flags below the fake promises and lies. If you are here with the intention of knowing whether PrimeFin scam broker or a legitimate broker, read the full PrimeFin review to know more. If you have been scammed by PrimeFin, stay tuned till the end and we have a solution for you as well.
WikiFXNewsWikiFX report: The Benefits of Primefin Forex Trading
For traders, Forex is a well-known term. It's a separate trading mechanism, and the market is now very competitive. You should have a clear understanding of the advantages of Forex before buying or trading foreign currency. It is undeniably a popular liquid market with the potential to generate profits by exchanging multiple currencies. Primefin is the most dependable brokerage website for virtual forex, with top webinars, videos, and illustrated blogs.
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