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/10

Prima Futures

Marshall Islands|2-5 years|
Suspicious Regulatory License|White label MT4|Regional Brokers|High potential risk|

https://primafxonline.com

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

White Label

2
Server Name
PrimaFuturesIntl-Demo MT4
Server Location Singapore

Contact

info@primafxonline.com
https://primafxonline.com
Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Repubic of Marshall Island MH96960.
https://www.facebook.com/primainternationalcorporation

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Disclosure

Danger

MY SCM
2021-01-01
INVESTOR ALERT LIST
Prima Futures

Broker Information

More

Company Name

Prima Futures

Company Abbreviation

Prima Futures

Platform registered country and region

Marshall Islands

Company website
Twitter
Facebook
Instagram

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away!
Previous Detection : 2024-04-20
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

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Prima Futures · Company Summary

Note: Prima Futuress official site - https://primafxonline.com is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

Prima Futures Review Summary
Founded 2-5 years
Registered Country/Region Marshall Islands
Regulation Unregulated
Market Instruments Forex, metals and so on
Demo Account Unavailable
Leverage 1:400
EUR/ USD Spreads 2.0 pips
Trading Platforms MT4
Minimum Deposit $250
Customer Support Email, Twitter, Facebook and Instagram

What is Prima Futures?

Prima Futures is an online broker registered in Marshall Islands, offering forex currency pairs, metals, indices, etc. there is no evidence that Prima Futures is regulated, so it is unsafe to trade with this broker.

Prima Futures

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

Pros Cons
  • A range of trading instruments
  • Website is unavailable
  • MT4 supported
  • No demo accounts
  • Social media presence
  • Not regulated

Prima Futures Alternative Brokers

There are many alternative brokers to Prima Futures depending on the specific needs and preferences of the trader. Some popular options include:

  • GF Futures - A prominent futures brokerage firm in China, offering a wide range of futures trading products and services, along with research and advisory support to clients.

  • SHENGDA FUTURES - A futures company that provides a wide range of services in the commodities and financial futures markets.

  • HUISHANG FUTURES - A reputable futures brokerage firm in China, providing comprehensive futures brokerage services and risk management solutions to clients.

Is Prima Futures Safe or Scam?

Prima Futures currently has no valid regulation, which means that there is no government or financial authority oversighting their operations.

no license

Besides, the official website of Prima Futures is inaccessible, indicating that the trading platform may have absconded. These make investing with them risky.

If you are considering investing with Prima Futures, it is important to do your research thoroughly and weigh the potential risks against the potential rewards before making a decision. In general, it is recommended to invest with well-regulated brokers to ensure your funds are protected.

Market Instruments

Prima Futures offers a diverse range of trading instruments across multiple asset classes. These include:

  • Forex: Prima Futures allows trading in the foreign exchange market, giving traders the opportunity to speculate on the price movements of currency pairs. This includes major pairs like EUR/USD, GBP/USD, USD/JPY, as well as minor and exotic currency pairs.

  • Precious metals: Traders can also engage in the trading of precious metals such as gold, silver, platinum, and palladium. These metals are known for their value and serve as alternative investment options.

  • Crude Oil: Prima Futures provides the option to trade crude oil, enabling traders to speculate on the price movements of this important energy commodity. Crude oil is widely traded and influenced by various factors like supply and demand dynamics, geopolitical events, and economic indicators.

  • Indices: Prima Futures offers trading in indices, which are measures of the performance of a group of stocks from a particular market or sector. Traders can take positions on stock market indices such as the S&P 500, Dow Jones Industrial Average, or Nasdaq.

  • Cryptocurrency: Prima Futures also allows traders to participate in the cryptocurrency market. This includes trading popular cryptocurrencies like Bitcoin, Ethereum, Ripple, and Litecoin. Cryptocurrency trading offers opportunities for potential profit from the price volatility in this emerging digital asset class.

Micro Trade Size

Prima Futures offers a minimum trade size of 0.01 lot, which is indeed considered beginner-friendly. A lot refers to the standardized trading size in the forex market, and a smaller trade size like 0.01 lot allows traders with limited capital or risk tolerance to participate in the market with smaller positions.

Leverage

Prima Futures offers a maximum leverage of 1:400 to its traders. Leverage is a trading tool that allows traders to amplify the potential returns on their investments by borrowing funds from the broker. With a leverage ratio of 1:400, traders can control a position that is 400 times the size of their initial investment.

High leverage ratios can be attractive to traders who seek the potential for significant profits from small price movements in the market. However, it is important to understand that leverage also comes with increased risk. While higher leverage ratios amplify potential gains, they also magnify potential losses.

Spreads & Commissions

Prima Futures offers a spread of 2 pips, which refers to the difference between the buying and selling price of a currency pair. The spread represents the cost that traders incur when executing trades through the brokerage.

Having a higher spread can be considered less favorable for traders, as it increases the cost of trading. A narrower spread would allow traders to enter and exit positions more efficiently, minimizing the impact of the spread on their overall profitability. However, it is worth noting that the spread may vary depending on the currency pair and market conditions.

Besides, due to the unavailable website, there is no access to find out the commission of Prima Futures.

Trading Platform

Prima Futures provides the popular MetaTrader 4 (MT4) trading platform to its clients. MT4 is a widely recognized and widely used trading platform known for its user-friendly interface and comprehensive features. It caters to the needs of both beginner and experienced traders, offering a robust set of tools and functionalities.

The MT4 platform offers a wide range of technical analysis tools, including various charting options, indicators, and drawing tools. Traders can analyze price movements, identify patterns, and make informed trading decisions. The platform also supports automated trading through the use of expert advisors (EAs), enabling traders to execute trades based on predefined strategies.

MT4

Customer Service

Customers can visit their office or get in touch with customer service line using the information provided below:

Email: info@primafxonline.com

Moreover, clients could get in touch with this broker through the social media, such as Twitter, Facebook and Instagram.

Conclusion

In conclusion, Prima Futures is a trading platform that offers a range of services to its clients. The platform provides access to various financial markets, allowing traders to diversify their portfolios and capitalize on different trading opportunities. With its user-friendly interface and advanced charting tools, Prima Futures's trading platform, MT4, caters to the needs of both beginner and advanced traders.

However, Prima Futures has many problems. First, it doesn‘t have regulation. Second, it is because the official website of Prima Futures is inaccessible that the relevant information doesn’t be provided, which makes trade not transparent enough. Therefore, traders should verify the regulatory status of Prima Futures or any broker they choose to work with to ensure compliance with industry standards and regulatory requirements.

Frequently Asked Questions (FAQs)

Q 1: Is Prima Futures regulated?
A 1: No. It has been verified that this broker currently has no valid regulation.
Q 2: How can I contact the customer support team at Prima Futures?
A 2: You can contact via email, info@primafxonline.com.
Q 3: Does Prima Futures offer demo accounts?
A 3: No.
Q 4: Does Prima Futures offer the industry leading MT4 & MT5?
A 4: Yes. It supports MT4.
Q 5: What is the minimum deposit for Prima Futures?
A 5: The minimum initial deposit to open an account is $250.
Q 6: Is Prima Futures a good broker for beginners?
A 6: No. It is not a good choice for beginners. Not only because of its unregulated condition, but also because of its inaccessible website.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

User Reviews

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FX1350233030
more than one year
Following a price problem on indices, my positions were closed by mistake. I asked for them to be restored, which this broker did, despite a significant loss for him so I am very satisfied with the management of this problem. However, I did not trade with this broker for a long time and at that time, I was stuck in my busy work. Anyway, I admit that this broker is an ideal broker for me. Recently, I heard that this broker has shut down. So sorry to hear that.
2023-03-23 09:40
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0
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FX1133414427
more than one year
Prima Futures scammed me and stole my money... I was blocked when I requested a withdrawal. I sent emails to them but always no response. Everything sucks.
2022-12-09 15:33
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