Abstract:Forex Prince, whose full name is IC GLOBAL LTD, was incorporated in Saint Vincent and the Grenadines in 2014. The company has posted a number on +44 203 8088595 and an email address on support@forexprince.com to help customers. For the time being. Forex Prince is an unregulated broker, and consumers are advised to identify and pay attention to safety.
Note: Forex Prince's official website: https://www.forexprince.com/ is currently inaccessible normally.
Forex Prince, whose full name is IC GLOBAL LTD, was incorporated in Saint Vincent and the Grenadines in 2014.
The company has posted a number on +44 203 8088595 and an email address on support@forexprince.com to help customers.
For the time being. Forex Prince is an unregulated broker, and consumers are advised to identify and pay attention to safety.
Forex Prince, as of now, is not subject to any regulation. Unregulated traders have multiple problems, such as capital security, credibility and stability.
Therefore, consumers should carefully evaluate their regulatory status when choosing brokers, and give priority to brokers supervised by regular regulators to ensure that their rights and interests are effectively protected.
Forex Prince currently offers four types of accounts, namely Tailor Made Account, Premium Pro Account, Premium Account and Cent Account.
These four accounts have different maximum leverage, minimum deposit, minimum spread. The minimum position and the method of deposit and exit are the same.
Account types | Tailor Made Account | Premium Pro Account | Premium Account | Cent Account |
Maximum Leverage | Up to 1:1000 | Up to 1:800 | Up to 1:1000 | Up to 1:500 |
Minimum Deposit | $2000 | $500 | $100 | $10 |
Minimum Spreads | 0.0*PIPS | 0.1*PIPS | 1.5*PIPS | 2.5*PIPS |
Minimum Position | 0.01 | 0.01 | 0.01 | 0.01 |
Depositing Method | (6+) Skrill Neteller | (6+) Skrill Neteller | (6+) Skrill Neteller | (6+) Skrill Neteller |
Withdrawal Method | (8+) Skrill Neteller | (8+) Skrill Neteller | (6+) Skrill Neteller | (8+) Skrill Neteller |
The leverage provided by Forex Prince is very large, the smallest leverage is 1:500; The maximum reached 1:1000, if not skilled trading experience traders, may encounter greater risk.
For beginners, it is recommended to choose the Cent Account, because the deposit threshold is low, only $10; However, it should also be noted that the spread of this account is high, reaching 2.5*PIPS, which will incur more fees.
The minimum position for all four accounts is 0.01.
The four accounts use the same method of deposit and withdrawal.
Deposits can be made using (6+) Skrill Neteller and withdrawals can be made using (8+) Skrill Neteller.
The shortcomings of Forex Prince should be carefully viewed and evaluated by consumers.
First of all, the official website of the broker cannot be opened, and it is impossible to know the specific information of the broker.
Secondly, the broker lacks transparency and may lack fairness and transparency in the execution of trades.
In addition, it is not regulated. The Broker may be more likely to violate relevant laws and regulations, posing a potential threat to investors.
In summary, the Forex Prince website is not accessible, which prevents investors from obtaining real-time trading information, monitoring account activity and important announcements.
What is more worrying is that this trader is not under the supervision and management of any financial regulator, its operation behavior is free from legal supervision, and there are huge uncertainties in the security of funds and the fairness of transactions.
Here, the majority of consumers are strongly reminded to maintain a high degree of vigilance and careful evaluation when choosing a broker. In the process of investment, maintain a rational and prudent attitude to ensure that their own rights and interests are not infringed.
eToro strengthens its Australian market presence with the $80M AUD acquisition of Spaceship, expanding its long-term savings and superannuation offerings.
OANDA Japan Inc., a subsidiary of the global online broker OANDA Corporation, has announced the termination of its Tokyo Server MT4 Discretionary Plan. The broker has notified its clients that the plan will no longer be available after December 13, 2024, marking a shift in the company's services for clients using the MetaTrader 4 (MT4) platform in Japan.
eToro acquires Spaceship for $80 million AUD to boost superannuation and managed funds in Australia, expanding product offerings and investment accessibility.
Founded in 2011, G4 Markets has positioned itself as a comprehensive investment platform catering to a global audience. Operating under G4 Markets Ltd., an International Business Company (IBC) incorporated in Saint Vincent and The Grenadines, the broker claims to provide a wide array of trading instruments, including stocks, forex, cryptocurrencies, and copy trading.