MC Prime

MC Prime Information

MC Prime is a newly founded forex broker that is registered in Mauritius. The tradable instruments with a maximum leverage of 1:1000 include commodities, currencies, forex, and indices. The broker also provides Standard, Basic, Raw, and US Cent accounts with different opening conditions. The minimum spread is from 0.2 and the minimum deposit is 50 USD. Despite its regulated status, MC Prime is still risky due to its high leverage.

Pros and Cons

Is MC Prime Legit?

MC Prime is regulated by the Securities and Futures Commission of Hong Kong with license number AXT242 as well as Cyprus Securities and Exchange Commission with license number 299/16. Besides, the broker claims to be regulated by CySEC, FSC, FSA, MSB, and FCIS.

What Can I Trade on MC Prime?

MC Prime offers a wide range of market instruments, including commodities, currencies, forex, and indices.

Account Type

MC Prime has four account types: Standard, Basic, Raw, and US Cent. Traders who want low leverage can choose raw and US-cent accounts, while those with a sufficient budget can open a raw account. Demo accounts are primarily for practice purposes and cannot guarantee the same trading outcomes as real accounts.

MC Prime Fees

The spread is from 0.2, the commission is from 0. The lower the spread, the faster the liquidity.

Leverage

The maximum leverage is 1:1000 meaning that profits and losses are magnified 1000 times.

Trading Platform

The minimum deposit is $50. MC Prime cooperates with the authoritative MT4 and MT5 trading platforms and propriety MC Prime web trading platform available in Windows, Linux, Mac, IOS, Android, and PC to trade. Junior traders prefer MT4 over MT5. MT4 and MT5 not only provide various trading strategies but also implement EA systems.

Deposit and Withdrawal

The minimum deposit is 50 USD. MC Prime accepts Sticpay, Transfer, Neteller, and Skrill for deposit and withdrawal. Withdrawals via Fireblocks are processed and credited within 1 business day. For withdrawal amounts less than 50U, a fee of 3U is charged.

Bonus

Get a 100% first deposit bonus, up to $500.