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0 1 2 3 4 5 6 7 8 9
/10

Prime markets

United Kingdom United Kingdom | 5-10 years |
Questionable Regulatory License | Suspicious Operational Region | High Potential Risk

https://primemarkets.net/

Website

Rating Index

Contact

+44 1339 264010
https://primemarkets.net/

license Forex License

No forex trading license found. Please be aware of the risks.

Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!
2

Basic Information

Registered Region
United Kingdom
Operating Period
5-10 years
Company Name
Prime markets
Email
support@primemarkets.net
Contact Number
+44 1339 264010
Verified Site
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Wiki Q&A
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Official Website

Verified Site

  • primemarkets.net
    217.16.188.47
    Server Location
    Czech Republic Czech Republic
    ICP Registration No.
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    Creation Date
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Prime markets

Related Companies

PRIME MARKETS LIMITED(United Kingdom)
United Kingdom
PRIME MARKETS LIMITED(United Kingdom)
Deregistered
United Kingdom
Registration No. 02818995
Est. Date
Source Official Statement

Company Profile

Company Profile

Review summary

General Information& Regulation

Prime Markets is a Forex and CFD brokerage registered in Saint Vincent and the Grenadines, which offers free capital as well as traditional broker services to traders. Even more noteworthy is that the spreads and commissions possess tremendous competitiveness so that it provides experienced traders with access to capital, in the meantime, it is also a company that novices could take a chance on.

Market Instruments

Prime Markets 5 kinds of trading instruments including indices, commodities, precious metals, stocks, and cryptocurrencies like Bitcoin.

Accounts & Leverage

There are three different accounts with various requirements and trading conditions: Standard Account, ECN Account, and No Cash Deposit Account. As for the Standard Account, it requires a minimum deposit of at least $2,000 With a minimum trade size of 0.1 lots for forex or 1 lot for CFDs. Traders are allowed to use a base currency of USD, EUR, GBP, CHF, or JPY. As for the ECN Account, it requires a minimum deposit of $50,000 which is in USD, EUR, GBP, CHF, or JPY and it has spreads starting as low as 0.2 pips. The minimum trade size is 0.1 lots for forex and 1 lot for CFDs. The No Cash Deposit Account does not need a cash deposit and has the same base currency. Traders should know that this account also has a minimum trade lot as same as the Standard Account. Besides, leverage on all accounts can be up to 1:100

Spreads & Commissions

The starting spreads vary from instrument to instrument so while EURUSD may have a starting spread of 1.4 pips, other instruments like EURAUD have a starting spread of 3.8 pips. Whats more, Prime Markets does not mention anything to do with commissions on their marketing at all, so there is no added commission on accounts of all at all.

Trading Platform

Prime Markets offers the most popular MetaTrader 4 platform which could meet personal strategy & trading requirements to novice and advanced traders who are looking to take a chance in the optimal trading platform. Prime Market claims that its platform can be compatible with Windows, IOS, and Android. Besides, advanced charting technology combined with modern order-management tools helps traders to monitor and control their positions easily and quickly.

Deposit & Withdrawal

Payment methods include Visa / MasterCard, as well as e-wallets. The same goes for the commissions, there are no withdrawal fees.

Customer Support

Prime Markets supplies specialized support to each trader, you can call him in various departments such as Sales, Support, and Partnerships. It can be got touch with directly. If you have any questions, please contact at +44(0)203 129 6106, or email at sales@primemarkets.com or support@primemarkets.com or partnership@primemarkets.com.

Risk Warning

A high level of risk is involved in the process of trading leveraged products such as Forex/CFDs. Establishing your Investment objectives, understanding of risk and trading experience is key to maintaining a good trading experience. Losing more than your initial investment is highly possible, so do not invest money you cannot afford to lose.

Company Profile

  • 5-10 years
  • Questionable Regulatory License
  • Suspicious Operational Region
  • High Potential Risk

Wiki Q&A

How is the fund security of Prime Markets evaluated?

Prime Markets operates without valid regulatory oversight, which fundamentally undermines fund security. The absence of a regulatory license from any recognized financial authority means client funds are not segregated or protected under standard compensation schemes. The WikiFX risk score of 1.55 reflects this severe lack of protective frameworks, indicating investors bear all financial risk.

04-02
United States

Is Prime Markets regulated?

No. According to the WikiFX assessment, Prime Markets operates without any valid forex trading licenses from major regulatory bodies such as the FCA, ASIC, or CySEC. The firm's regulatory index score of 0 confirms a complete absence of authoritative oversight. It is registered in the United Kingdom but does not hold authorization from the Financial Conduct Authority (FCA) to provide financial services.

04-02
United States

When was Prime Markets established?

The broker has been operational for 5 to 10 years, indicating a multi-year presence in the market. However, its extended operating history is not matched by a corresponding evolution in its compliance status, as it remains unregulated. This extended period of operation without securing formal regulation is atypical and contributes to the firm's high-risk classification.

04-02
United States

¿Cómo identificar si un bróker presenta un perfil de riesgo elevado?

Un bróker puede evaluarse como de mayor riesgo considerando factores como la situación regulatoria, las reclamaciones de usuarios, la seguridad de los fondos y la coherencia de la información pública disponible. En general, los brókers sin regulación válida, con problemas frecuentes de retirada o con un elevado número de reclamaciones suelen presentar mayores niveles de riesgo. En WikiFX pueden consultarse el estado regulatorio, la puntuación integral, los registros de exposición y las opiniones de usuarios como referencia adicional.

18h

What is WikiFX, and how does it help investors?

WikiFX is a third-party platform that provides forex broker information inquiry and risk alerts. This type of platform mainly integrates brokers' regulatory information, user feedback, and historical records, and conducts comprehensive evaluation through a multi-dimensional model to help investors quickly understand the broker's basic situation and potential risks. By using such tools, investors can conduct preliminary screening before choosing a broker, thereby reducing decision-making risks caused by information asymmetry.

04-02
United States

¿Cómo comparar diferentes brókers de forma eficaz?

Para comparar diferentes brókers, los inversores pueden evaluar factores como la situación regulatoria, la puntuación integral, el entorno de trading, las condiciones de cuenta y los comentarios de usuarios. Se recomienda priorizar la verificación del estado regulatorio y las licencias, seguida del análisis de la puntuación WikiFX y sus distintos índices. La herramienta de comparación multidimensional de WikiFX permite realizar evaluaciones más estructuradas y eficientes.

18h

¿Qué aspectos deben considerarse al elegir un bróker seguro?

Al elegir un bróker seguro, los inversores deben centrarse en factores como la situación regulatoria, la seguridad de los fondos y la transparencia de las condiciones de trading. Generalmente se recomienda priorizar plataformas reguladas por organismos reconocidos como la FCA, la SEC o la ASIC. También es importante verificar si los fondos se mantienen en cuentas segregadas, si la estructura de comisiones es transparente y si existen incidencias relacionadas con retiradas o reclamaciones relevantes. La puntuación de WikiFX y los comentarios de usuarios pueden servir como referencia adicional.

18h

Apakah dana masih dapat dipulihkan setelah terjadi penipuan investasi?

Pemulihan dana setelah terjadi penipuan investasi dapat menjadi proses yang sulit, namun tindakan cepat dapat membantu mengurangi potensi kerugian. Disarankan untuk menyimpan catatan transaksi dan komunikasi, menghubungi pihak bank untuk mencoba menghentikan atau membekukan pembayaran, serta melaporkan kejadian kepada otoritas setempat. Investor juga dapat menggunakan kanal pengaduan di WikiFX untuk meningkatkan visibilitas kasus.

18h
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