Prima Futures-Overview of Minimum Deposit, Spreads & Leverage

General Information & Regulation

Prima Futures is an online broker registered in Marshall Islands, offering forex currency pairs, metals, indices, etc. there is no evidence that Prima Futures is regulated, so it is unsafe to trade with this broker.

Markets Instruments

Prima Futures offers trading in online Foreign Exchange (“Forex”), Precious metals, Crude Oil, Indices and Cryptocurrency market.

Minimum Deposit

PrimaFX has set their minimum deposit at $250 and that is in line with what other brokers would also require. Meanwhile, some legitimate brokers readily open micro accounts for no more than $10.

Micro Trade Size

The minimum trade size allowed by Prima Futures is 0.01 lot, which is friendly to beginners.

Leverage

Prima Futures advertises that it offers leverage up to 1:400, which is considered high. Since leverage can amplify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Spreads & Commissions

Prima Futures gives traders a EUR/USD spread of 2.0 pips which is well above the industry average. However, its no hassle to find a decently regulated broker offering better trading conditions than Prima Futures.

Trading Platform Available

Prima Futures provides access to Metatrader 4 – a platform that is generally considered one of the best available in the industry. We do recommend legit MetaTrader4 brokers, this platform has proved to be reliable and provides all a trader needs – professional charting tools, a variety of technical analysis indicators, automated trading bots known as Expert Advisors, easy customization, and more.

Deposit& Withdrawal

PrimaFX‘s website doesn’t disclose any payment options. In any case, most brokers use bank wires, cards, and e-wallets like Skrill and China UnionPay.

Customer Support

The Prima Futures customer support can be reached through live chat by filling in a contact form first, as well as some social media platforms including Facebook Twitter and Instagram.