Seaprimecapitals

Seaprimecapitals Information

Seaprimecapitals, founded in 2022 and registered in Saint Vincent and the Grenadines, operates without statutory financial oversight. CFD trading on forex, crypto, and commodities is available via the MetaTrader 5 platform, with three live account types and a demo account. While it offers a minimal minimum deposit and flexible trading alternatives, traders face increased risk due to a lack of regulatory monitoring.

Pros and Cons

Is Seaprimecapitals Legit?

SeaprimeCapitals is not a regulated broker. Although it claims registration in Saint Vincent and the Grenadines, the country lacks a recognized financial body to monitor forex or brokerage operations.

According to Whois data, the domain seaprimecapitals.com was registered on February 10, 2022, last updated on February 10, 2024, and will expire on February 10, 2026. The current status is “client transfer prohibited”.

What Can I Trade on Seaprimecapitals?

Seaprimecapitals provides CFD trading for over 50 currency pairings, a variety of prominent cryptocurrency pairs, and numerous important commodities such as gold, silver, and crude oil.

Account Type

Seaprimecapitals provides three types of live accounts: Micro, Standard, and Premium, as well as a demo account for practice. It makes no mention of offering swap-free (Islamic) accounts. The Micro account is intended for beginners, the Standard for frequent traders, and the Premium for those looking for additional services, all with the same leverage level.

Leverage

Seaprimecapitals provides leverage up to 1:200 for all account types (Micro, Standard, and Premium). While high leverage can boost possible gains, it also increases the chance of big losses, so traders should exercise caution.

Seaprimecapitals Fees

Overall, Seaprimecapitals' trading fees are higher than the industry average, particularly given the greater margins on Standard and Premium accounts.

Trading Platform

Deposit and Withdrawal

Seaprimecapitals does not charge deposit fees, although most methods include withdrawal fees (typically 2.5%). The minimum deposit is $10.