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No valid regulatory information, please be aware of the risk!
Prime PipsFX is an online forex broker registered in the United Kingdom, offering diversified range of trading instruments, including Forex, Stocks, Commodities, Indices, and through its in-house trading platform. Investors have the flexibility to choose among Basic ECN, Premium ECN, and Advanced ECN and VIP ECN accounts, with the minimum deposit to start with this broker reaching up to $100.
Please note that this forex broker is not subject to any valid regulation.
Prime PipsFX provides clients with access to various popular and mainstream financial markets.
Six types of trading assets including Forex Pairs, Treasuries, Indices, Energies, Metals, and Stocks are all available through this brokerage platform.
Four trading accounts are available on the Prime PipsFX platform, namely Basic ECN, Premium ECN, and Advanced ECN and VIP ECN accounts. The Basic ECN account asks for a deposit of an acceptable initial deposit of $100. Another three trading accounts ask for much higher deposits, with the Premium ECN account from $1,000, the Advanced ECN from $10,000 and the VIP ECN account from $30,000.
Margin Call: 80%
Stop Out: 60%
24/5 Live Support is available with all four trading accounts. Please note that scalping is not allowed on this brokerage platform.
How to open an account with Prime PipsFX？
Both live and demo account can be opened easily with the Prime PipsFX platform. A demo account is here for beginners to get a feel of this platform and practice their trading skills. To open a live account, a few steps are listed below:
1. Click on the “Create An Account” link on the homepage of the Prime PipsFX website.
2. Fill in some required details and upload your personal document for verification.
3. After approval, your account will be registered successfully.
4. Fund your account and start to trade on this platform.
The maximum trading leverage that traders can use with the Prime PipsFX platform is up to 1:1000, significantly higher than levels considered appropriate for retail traders by many regulatory authorities.
Please note that high leverage is not always the good thing, as it may increase your profits, but more importantly, it can cause serious fund losses, especially to inexperienced traders.
Spreads & Commissions
Prime PipsFX offers a commission-free trading environment, and the spreads varies depending on various trading accounts. The Basic ECN account and the Premium ECN account offer fixed spreads, with the minimum spreads offered by the Basic ECN account at 3-4 pips, and the minimum spreads offered by the Premium ECN account at 1.5 to 2 pips.
The other two accounts, Advanced ECN and VIP ECN offer floating spreads, starting from 1 pips, and 0.5 pips, respectively.
Prime PipsFX provides its clients with the leading MT5 tarding platform, so investors can get access to all the dynamic Prime PipsFX trading instruments under the same account from multiple platforms.
The minimum deposit is $100. Prime PipsFX allows its clients to make a deposit and withdrawal through VISA, MasterCard, Skrill, Neteller, Wire Transfer, Perfect Money, Bitcoin.
Prime PipsFX says it offers 24 language-supported customer service, and traders with any inquires or trading-related problems can get in touch with this broker through the following methods:
Telephone: +44 7405 597356
Registered Company Address: 10 Paternoster Sq., London EC4M 7LS, United Kingdom
There is a level of danger that comes with trading on the financial markets. As sophisticated instruments, foreign exchange, futures, CFDs, and other financial contracts are typically traded using margin, which significantly increases the inherent risks involved. Therefore, you should consider carefully whether or not this sort of investment activity is right for you.
The information presented in this article is intended solely for reference purposes.
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