Pride Capital

Pride Capital Information

Pride Capital is an unregulated brokerage company registered in the United Kingdom. This firm provides a swath of investment options with its popular MT5 platform. Pride Capital provides seven live trading accounts and multiple customer support options. However, these accounts charge a much higher fee at the lower tier. And limited information about trading fees for stocks, commodities, indices, bonds, and cryptocurrencies is another drawback.

Pros and Cons

Is Pride Capital Legit？

Pride Capital operates without regulation from any recognized financial authority. Engaging with an unregulated broker like Pride Capital carries substantial risks, and investors should be aware of the potential consequences before depositing funds.

What Can I Trade on Pride Capital？

When choosing an online brokerage, it's important to consider the full range of investments to make sure you can construct a portfolio that fits your needs. Pride Capital makes that easier investors. Your investment options include forex, stocks, commodities, indices, bonds, and cryptocurrencies. If you're looking for ETFs or precious metals trading, you won't find them here. But overall, you still have a good mix of investment choices.

Account Types

Some online brokerages tier their accounts. These tiers can determine what features and benefits you have or what fees you'll pay.

Pride Capital has different account tiers that vary based on increasing asset size. If you're interested in investing here, you can open Standard, Classic, Pro, Premium, VIP, Raw, and ECN accounts.

The size of your account does matter when it comes to fees. Tighter spreads are available as your investment grows. If you invest at least $10,000, you'll get spreads from 0.0 pips. The spread of the Standard account is much higher, which is starting from 2.0 pips. But it could be an option for beginners as the minimum deposit amount is only $200.

Pride Capital Fees

Investment fees can dip into your returns, so keeping costs low might be a priority. With Pride Capital, the fees depend on the account types. The spreads increase conspicuously as asset size shrinks.

Besides that, most accounts provides commission-free trading for forex except Raw and ECN accounts, which charge $5 per lot per side and $7 per lot per side. And the leverage of Classic, Standard, and Pro accounts is up to 1: Unlimited.

Overall, these accounts charge a higher fee at the lower tier. The only way to reduce fees is to invest more money. And regarding trading fees for stocks, commodities, indices, bonds, and cryptocurrencies, there is no available information on the website.

Trading Platform

MT5 (MetaTrader 5) is available with Pride Capital. You can apply it on multiple devices, including Windows, MAC, Android, and IOS. It is a diversified financial trading platform that allows trading foreign exchange, stocks, and futures. It provides automated trading systems and excellent tools for various price analyses, the use of algorithmic trading applications, and copy trading.

Customer Support Options

For any question you might have, help is available 24/7 by online chat, phone (+44 7707 478628) or email (customersupport@pridecapitalfx.com). You can also dig into their social media channels (Facebook, Instagram, Tiktok).

The Bottom Line

Pride Capital makes building a diversified portfolio easier with its wide selection of investment options and its user-friendly platform. And some low-cost account types, such as ECN and Raw, might be a plus for high-net-worth investors. However, the unregulated status and relatively higher fees for basic accounts are the obvious drawbacks. Before choosing a brokerage, remember to consider cost and potential risks.

FAQs

Is Pride Capital safe？

Yes, Pride Capital is not regulated by any reputable financial authority. Before choosing a brokerage, remember to consider the risk involved.

Is Pride Capital good for beginners？

No, potential investors should be aware that this firm has no valid regulatory certificates

Does Pride Capital offer leveraged trading？Yes, Pride Capital provides a leverage option, which is up to 1: Unlimited.

Risk Warning

Online trading involves considerable risk, so it may not be suitable for every client. Please make sure that you totally understand the risks involved and notice that the information above provided in this review may be subject to alteration owing to the constant updating of the company's services and policies.