PrimeCFDs

PrimeCFDs Review

PrimeCFDs’ speciality is in the name. With this broker, you can trade CFDs and forex using one platform. There is no download required to trade any of the instruments. PrimeCFDs comes with a free mobile app and a lot of extra features for traders looking to operate in a fast-paced, high-volume environment. There are over 200 markets available with PrimeCFDs, and the broker also gives you free signals to help make your best decision.

Founded in 2017, PrimeCFDs is looking to make its mark on the trading world and, thus far, it is succeeding handsomely. PrimeCFDs is located in Sofia, Bulgaria and London, England, and it is owned by Orion, an Eastern European company. PrimeCFDs has a range of tradeable assets from which its brokers can choose, and it packs it all into one simple platform. Despite being a relatively new company, PrimeCFDs has a lot to offer already, right out of the gate.

Tradeable Assets

PrimeCFDs tradeable assets include CFDs (Contracts for Difference) on Forex, commodities, indices, stocks, and currencies, including cryptocurrency. Commodities like gold, silver, oil, NGAS, copper, and coffee are offered, and popular stocks like Apple, Daimler, Siemens, Vodafone, and more are available as well.

There are many different forex pairs, ranging from major currencies to exotic currencies. PrimeCFDs has also taken the bull by the horns, so to speak, and gotten ahead of the game by offering cryptocurrency trading pairs. You can trade Bitcoin, Litecoin, Dash, Ethereum, and XRP with fiat currencies like the USD and euro, among others.

Account Types

At PrimeCFDs, you have five different account options from which to choose. These accounts include, from fewest to most features: mini, silver, gold, platinum, diamond. With a mini account, you get a payout of up to 82%, 24/7 customer service, and access to the trading academy and news and analysis.

With the silver account, you have the same payout amount and features as mini, but you can also access trading signals, alerts, and a personal coach to help you make the right trading choices. Gold, the next level up, comes with a payout of up to 84%, the same features as silver, plus SMS and email alerts.

The top two accounts, platinum and diamond, have all the features of gold, plus more. Platinum has a payout of up to 86%, and you can get trading alerts to your smartphone and also go through a live training session. With diamond, the highest account level, your payout is up to 88%. You have all the features of platinum, plus higher trading limits and exposure. With platinum and diamond, there is no monthly withdrawal fee (this fee is present with the mini, silver, and gold accounts).

To determine which plan is right for you, you can consult with an account manager. If you don’t even want to choose, you can simply register for the site and begin trading without an account.

Regulation

PrimeCFDs is owned and operated by Orion Service, which means it has Orion’s regulation. PrimeCFDs is regulated by the Vanuatu Financial Services Commission (VFSC). VFSC regulates firms primarily through Oceania, in which Orion’s management is based.

Platforms

PrimeCFDs does not require a download in order to use its platform. The platform operates on the popular MetaTrader4 (MT4), which it provides education about to its clients to help them use the platform. MT4 is reputable and well-known throughout the trading world.

PrimeCFDs Mobile Trading

PrimeCFDs has an app available on Google Play for Android. With this app, you can execute any trade you want while on-the-go. Prime CFDs also has apps for Windows Phones and iPhones, both apps having just come out recently.

Bonuses

With PrimeCFDs, unfortunately, there is no bonus, although there are tournaments into which clients can enter and trade virtual currency.

Deposit Options

PrimeCFDs requires proper documentation before making your first deposit or withdrawal. These compliance measures ensure that your earnings are safe and secure. To activate, you have to email your picture ID, a document confirming your address, and credit card copy if you’re investing using a credit card to the broker.

After your activation, you can get started. The minimum deposit you can make is {currency}250. You can make payments using credit or debit card, bank transfer, WebMoney, or CarteBleue. Visa, Mastercard, MAESTRO, and CarteBleue. You can also use a range of e-wallets like Skrill, Neteller, Yandex, Qiwi, CashU, and more.

Withdrawal Methods

To withdraw, you must use the same method with which you made a deposit. There is no minimum withdrawal amount, and you can cancel the withdrawal even if your request is still being processed.

Customer Support

Customer support at PrimeCFDs is 24/7. You can contact the brokerage by emailing them or calling them. There is also a portal on their contact page through which you can reach the broker.

Ease of Use

PrimeCFDs is easy to use. Its website is laid out simply, and the no-download-required element means that you aren’t jumping through hoops to get started. Because PrimeCFDs operates with MetaTrader, their website is very standard and simple, with no hidden problems that will trip you up.

Why Trade at PrimeCFDs

PrimeCFDs is a newcomer to the industry but is quickly making a name for itself. Its wide range of accounts and crypto offerings make it unique in the business, and it is very responsive to customer concerns. The customer support is dedicated and available around the clock. With access to over 200 markets and feeds from over a dozen financial institutions, PrimeCFDs offers its clientele endless possibility.

To see how PrimeCFDs ranks against other industry-leading trading platforms see our comparison charts. Read our expert reviews, see our ratings and compare the best online trading platforms, features, fees, and more.