Pico Prime Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-09-13 12:21

Abstract：　Established in New Jersey, USA in 2003, Pico Prime initially focused on providing kinds of financial products, advanced technology solutions, financial management services, risk consulting and custom application systems to specific clients. However, popular trading platforms like MT4/MT5 are not accessible at Pico Prime.

Pico Prime	Basic Information
Registered Countries	United States
Regulation	No License
Minimum Deposit	￡100
Trading Assets	Forex, gold, indices, cryptocurrencies, advanced technology solutions, financial management services, risk consultancy, and bespoke application system
Customer Support	Email, Live Chat, and Social Media

Pico Prime Information

　　Established in New Jersey, USA in 2003, Pico Prime initially focused on providing kinds of financial products, advanced technology solutions, financial management services, risk consulting and custom application systems to specific clients. However, popular trading platforms like MT4/MT5 are not accessible at Pico Prime.

Pros and Cons

Pros	Cons
Provide High Frequency Trading System	No valid regulatory license
The minimum deposit amount is ￡100	Not provide MT4/MT5 connection
Provide customer bonus	Limited information on trading fees

Is Pico Prime Legit?

　　Trading with a regulated broker is a crucial step in safeguarding your funds. This broker is not regulated, thus it is important to be cautious when dealing with it.

　　Pico Prime's domain was founded in 2024-04-12 and is now client Transfer Prohibited.

What Can I Trade on Pico Prime?

　　Pico Prime focuses on providing trading services for a wide array of financial instruments, such as Forex, gold, indices, cryptocurrencies, advanced technology solutions, financial management services, risk consultancy, and bespoke application systems.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Indices	✔
Cryptocurrencies	✔
Stocks	❌
ETFs	❌
Bonds	❌
Mutual Funds	❌

Customer Support Options

　　Pico Prime provides multiple channels for customer support, including email, live chat, contact forms, and social media. Their live chat usually replies within a few minutes, so the response rate is good.

Contact Options	Details
Email	support@picoprime.com
Online Chat	✔
Social Media	Line, Kakao etc
Supported Language	English, Chinese, Japanese, Korean
Website Language	English, Chinese, Japanese, Korean
Physical Address	301 Route 17 North Rutherford, NJ 07070, New Jersey, 07070, USA

The Bottom Line

　　Pico Prime makes building a diversified portfolio easier with its wide selection of investment options. Its user-friendly platforms could be selling points for beginning investors. However, its lack of regulation is the obvious drawback. Before choosing a brokerage, remember to consider cost and potential risks.

FAQs

　　Is Pico Prime regulated?

　　No, Pico Prime is not regulated. This means there is no official institution regulating their operations, potentially putting your funds at risk.

　　Is this broker good for day trading?

　　Pico Prime is not suitable for day trading. Day trading requires fast, frequent trading, and without regulation, your money is at risk. In addition, the lack of a popular platform like MT4 or MT5, limits your flexibility and use of basic tools commonly used by day traders.

　　What types of assets can I trade on Pico Prime?

　　Pico Prime offers kinds of financial instruments for trading, including Forex, gold, indices, and cryptocurrencies. However, they do not offer stocks, ETFs, bonds, mutual funds, or other traditional investment options.

　　What are the advantages of this trader?

　　Pico Prime offers a high frequency trading system for experienced traders, a low minimum deposit for beginners, and multiple customer support channels.