PrimeX Broker-Some Important Details about This Broker

PrimeX Capital Information

PrimeX Capital is a Mauritius brokerage company who offers trading services in in forex, commodities, indices, and cryptocurrencies.

It offers a risk-free demo account and three tiered live accounts, with an affordable minimum deposit $10 and tight starting spread from 0.1 pips. To execute trades, you can either choose the renowned MetaTrader 5 platform, or the broker's own PrimeX App.

Pros and Cons

Is PrimeX Capital Legit?

PrimeX Capital is regulated by the Financial Services Commission (FSC) of Mauritius under Retail Forex License No. GB23202141. The FSC ensures compliance with anti-money laundering regulations, client fund segregation, and capital adequacy requirements.

What Can I Trade on PrimeX Capital?

Account Type & Fees

PrimeX Capital offers a demo account simulating real trading, allowing traders to practice their trading strategies without losing real money.

Furthermore, three tiered live accounts are also avialable to suit varying needs for different client groups:

Leverage

While PrimeX Capital offers different maximum leverage for different account types.

Nevertheless, traders should use leverage cautiously and choose the account that best suits their experience levels to avoid huge losses.

Trading Platform

PrimeX Capital uses the world renowned MetaTrader 5 platform for investors to execute trades, which is well-recognized by its robust functionalities such as advanced charting tools, automated trading and analysis indicators.

You can reach the platform on web, or download app from Windows, mobiles phones.

Besides, the broker also developed its own PrimeX App,downloadable from both iOS and Android phones, to better adapt to their user habits.

Deposit and Withdrawal

Per its website, PrimeX Capital supports funding methods including Tether, Bitcoin, Ethereum, USDC and Iraq local depositor.

Here we don't draw the conclusion but still warn you to pay attention, since the broker mainly accepts payments through cryptos, which are typical methods used by fraud brokers.

Bonus Program

The PrimeX 50% Deposit Bonus Program offers traders an immediate 50% bonus on deposits starting from $100, up to a maximum of $500 per client. Designed to boost trading capital, the bonus is tradable with validity for one year, but not withdrawable.