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PrimeMarketCap

Saint Vincent and the Grenadines|2-5 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://primemarketcap.com/

Website

Rating Index

Contact

support@primemarketcap.com
https://primemarketcap.com/
First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, VC0100, St. Vincent and the Grenadines

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

EE FSA
2022-07-27

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Warning: Low score, please stay away!
Previous Detection : 2024-03-01
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

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PrimeMarketCap · Company Summary

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 contained in this article is for general information purposes only.

General Information & Regulation

Feature Detail
Regulation No regulation
Market Instrument Currency Pairs, Indices, Metals, Energies, Futures, and Shares
Account Type Classic, Silver, Gold, Platinum and Premium
Demo Account N/A
Maximum Leverage 1:500
Spread (EUR/USD) 22 pips
Commission 0
Trading Platform WebTrader, APP for Mobile and Desktop
Minimum Deposit no
Deposit & Withdrawal Method credit/debit cards (Visa / MasterCard / Maestro), Bank transfers

PrimeMarketCap is allegedly a multi-asset broker incorporated in 2022 and registered in Saint Vincent and the Grenadines that claims to provide its clients with various tradable financial instruments with flexible leverage up to 1:500 and floating spreads on WebTrader, APP for Mobile and Desktop trading platforms via five different live account types, as well as 24/7 customer support service. Here is the home page of this brokers official site:

home page

As for regulation, it has been verified that PrimeMarketCap currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.15/10. Please be aware of the risk.

General Information & Regulation

Note: The screenshot date is January 11, 2023. WikiFX gives dynamic scores, which will update in real time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores.

Market Instruments

PrimeMarketCap advertises that it offers access to a wide range of trading instruments in financial markets, including Currency Pairs, Indices, Metals, Energies, Futures, and Shares.

Market Instruments

Account Types

PrimeMarketCap claims to offer five types of real trading accounts, namely Classic, Silver, Gold, Platinum and Premium, with no minimum deposit requirement.

Leverage

Leverage is adjusted based on the account type and certain assets. Just take forex as an example, clients on the Classic and Silver accounts can experience leverage of 1:100, while the Gold, Platinum and Premium accounts can enjoy a higher leverage of 1:200, 1:400 and 1:500 separately. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Leverage

Spreads & Commissions

All spreads with PrimeMarketCap are a floating type and scaled with the accounts offered. Spreads on the Gold account can be reduced by 20%, while the Platinum and Premium account holders can enjoy a reduction of 30% and 50% respectively. However, as we see on their platform, the EUR/USD spread is 22 pips on average. By contrast, the industry average spread is just 1.5 pips. As for the commission, there is no commission charged.

Trading Platform Available

Instead of the world's most advanced and popularly-used MT4 and MT5 platforms, PrimeMarketCap gives traders WebTrader, APP for Mobile and Desktop. Anyway, you had better choose brokers who offer the leading MT4 and MT5, which are highly praised by traders and brokers alike due to their ease of use and great functionality, offering top-notch charting and flexible customization options. They are especially popular for their automated trading bots, a.k.a. Expert Advisors.

Trading Platform Available

Deposit & Withdrawal

PrimeMarketCap says to support credit/debit cards (Visa / MasterCard / Maestro), and Bank transfers. The broker charges no deposit or withdrawal fees.

Bonuses

PrimeMarketCap claims to offer some bonuses for different account types. For example, 10% for the Silver account, 30% for the Gold account, 50% for the Platinum account, and 100% for the Premium account. However, for a $200 bonus, clients should trade 50 lots (5 million USD in turnover) to become eligible for withdrawals.

Bonuses

Customer Support

PrimeMarketCaps customer support can be reached by email: support@primemarketcap.com, live chat or send messages online to get in touch. Company address: First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, VC0100, St. Vincent and the Grenadines.

Pros & Cons

Pros Cons
• Multiple trading assets and account types • No regulation
• No minimum deposit • Uncompetitive spreads

Frequently Asked Questions (FAQs)

Q 1: Is PrimeMarketCap regulated?
A 1: No. It has been verified that PrimeMarketCap currently has no valid regulation.
Q 2: At PrimeMarketCap, are there any regional restrictions for traders?
A 2: Yes. PrimeMarketCap doesnt accept clients from the USA, Israel, Japan and Russian Federation.
Q 3: Does PrimeMarketCap offer the industry-standard MT4 & MT5?
A 3: No. Instead, PrimeMarketCap offers WebTrader, APP for Mobile and Desktop.
Q 4: What is the minimum deposit for PrimeMarketCap
A 4: There is no minimum deposit requirement.
Q 5: Is PrimeMarketCap a good broker for beginners?
A 5: No. PrimeMarketCap is not a good choice for beginners. Not only because of its unregulated condition, but also because of its uncompetitive trading costs.

Broker Information

Company Name

PrimeMarketCap

Company Abbreviation

PrimeMarketCap

Regulatory Status

No Regulation

Platform registered country and region

Saint Vincent and the Grenadines

Company website
Phone of the company

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Twitter

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Facebook

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Instagram

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YouTube

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Company address
  • First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, VC0100, St. Vincent and the Grenadines

Linkedin

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WhatsApp

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QQ

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WeChat

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Customer Service Email Address
  • support@primemarketcap.com

Company Summary

User Reviews

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2

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翩嗳
more than one year
PrimeMarketCap frustrates me so much. It's been barely two months, I cannot contact anyone from this company. I didn’t lose much, but I am here to tell you guys, don’t trade with unlicensed brokers.
2023-02-21 21:44
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FX1100313033
more than one year
This company's website seems to take forever to load. I see they don't have a forex trading license. There are always so many scammers in the forex trading industry! I hope everyone can be attentive, vigilant and not be deceived. Otherwise, recovering funds can be a very painful and difficult process...
2022-12-06 10:36
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