Leverage
15:1
Min Deposit
$250
Min Trade
$25
Software
Spot Option

PrimeCFDs Review

PrimeCFDs is a relatively new online trading brokerage offering their clients the trading of various assets through contracts-for-difference (CFDs). The brokerage was only established in April of 2017 and is owned and operated by Orion Service EOOD. There main headquarters are located at 39 Aleko Konstantinov Street, Sofia, Bulgaria and they have offices in 7 additional countries around the world including in South Africa, Nigeria, Finland, Malaysia, Norway, Ukraine, and the Netherlands.

PrimeCFDs is an unlicensed CFD broker and is not regulated by any reputable regulatory authorities. However, like many new trading brokerages, Prime CFDs claim they are in the process of becoming licenced and regulated. Though not much is known about this online trading broker, we have conducted extensive research into Prime CFDs in hopes to shine light on whether they can be trusted. As well, we review the quality and extent of services provided and compare them to industry standards. Discover the facts and aspects of this new online trading brokerage in our in-depth review below.

Software:
Spot Option
Deposit & Withdrawal Methods:
Bank Transfer, Credit Card, Debit Card, Neteller
Cryptocurrencies:
Bitcoin, Bitcoin Cash, Dash, Ethereum, Litecoin, Monero, Ripple, Stellar, Zcash
Signal Time Frames:
Long, Medium, Short

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PrimeCFDs Website
The PrimeCFDs website

Trading Markets

PrimeCFDs offers their clients and extensive list of tradable assets in the markets of Forex, Stocks, Commodities, Indices, and Cryptocurrencies. There is something for every type of trader and Prime CFDs makes it easy to get involved in all these markets. See some of the most popular traded assets below.

  • Commodities – Gold, Silver, Oil, Coffee, Natural Gas, Copper
  • Indices – NSDQCO, FTSE, AEX, IBEX, S&P 500, DJIA, TOPIX, RUSSEL2000
  • Stocks – Apple, Google, Baidu, General Electric, Intel, IBM, Goldman Sachs, Coca Cola, AT&T, McDonalds, Bank of America, Ebay, Amazon, Microsoft, Facebook, and more
  • Forex – All Major & Minor Currency Pairs, Many Exotic Currency Pairs
  • Cryptocurrencies – Bitcoin, Ethereum, Litecoin, Dash, Ripple

Depending on the asset class and types of assets within that class, different amounts of leverage apply, however leverage amounts of up to 200:1 can be found.

PrimeCFDs Trading Assets
PrimeCFDs has an extensive list of tradable assets

PrimeCFDs Trading Platforms

PrimeCFDs utilizes a web-based platform called Tradesoft for the trading of all assets they offer. This platform is relatively nice and simple enough to use. However, it is lacking many features for technical analysis and charting tools compared to many other trading platforms in the industry. Although, the platform is user friendly and can be used from any computer, smartphone, or tablet as it is a web-based trading platform. Mobile applications for both Apple and Google can be downloaded as well. Deposits and withdrawals are easily made and clearly explained, as well as the whole trading process in general.

PrimeCFDs Account Types

PrimeCFDs accommodate every level of trader with numerous account types. Each level of account offers something different and allows traders access to whatever they need to succeed. Depending on the trader’s experience level, they can choose an account right for them. See them outlined below.

Mini

  • Up to 82% Payout
  • Monthly Withdrawal Fee
  • 24/7 Customer Service
  • Access Trading Academy
  • Access News & Analysis

Silver

  • Up to 82% Payout
  • Monthly Withdrawal Fee
  • 24/7 Customer Service
  • Access Trading Academy
  • Access News & Analysis
  • Trading Signals
  • Trading Alerts
  • A Personal Coach

Gold

  • Up to 84% Payout
  • Monthly Withdrawal Fee
  • 24/7 Customer Service
  • Access Trading Academy
  • Access News & Analysis
  • Trading Signals
  • Trading Alerts
  • A Personal Coach
  • SMS & Email Alerts

Platinum

  • Up to 86% Payout
  • 24/7 Customer Service
  • Access Trading Academy
  • Access News & Analysis
  • Trading Signals
  • Trading Alerts
  • A Personal Coach
  • SMS & Email Alerts
  • Live Training Session

Diamond

  • Up to 88% Payout
  • 24/7 Customer Service
  • Access Trading Academy
  • Access News & Analysis
  • Trading Signals
  • Trading Alerts
  • A Personal Coach
  • SMS & Email Alerts
  • Live Training Session
  • Higher Trading Limits & Exposure
PrimeCFDs Account Types
PrimeCFDs has five account types available

Customer Support

One of the areas that Prime CFDs really excels in is their level of customer service. The support team can be contacted via telephone, email, or live chat. Their response time is relatively fast, and level of support is professional and informative. Also, all the support lines are available 24/7. In addition to the customer support, Prime CFDs offers an excellent education center as well. The educational materials include numerous tutorials, eBooks, videos, and webinars. They also offer a news, a glossary, and an FAQ section on their website.

Security & Fairness

PrimeCFDs may not be a licenced or regulated trading brokerage, but they do take security very seriously. All client’s funds are held in segregated accounts so that they are solely used for trading purposes. The company handles everything in a professional manner and guarantees payouts based on their terms outlined in the clients account type. Each and every client is required to submit verification information such as government issued ID, proof of address, and proof of payment. All information is handled professionally and securely by Prime CFDs.

PrimeCFDs Security
PrimeCFDs has strong security

Conclusion

All in all, through our research we have found Prime CFDs to be a reputable trading broker. They may not be licenced or regulated, but the brokerage seems to be following the industries best practices. PrimeCFDs has a very simple and easy to use trading platform, its just lacking some features that are found in many other brokers. The PrimeCFDs customer service is excellent, and they provide their clients with extensive education material. One of the best features this broker offers in which most others do not, is the option to trade cryptocurrency CFDs. Traders looking to trade this way will be quite happy with Prime CFDs.

PrimeCFDs Features
PrimeCFDs offers traders many benefits

PrimeCFDs Pros

  • Excellent Customer Service
  • Great Education Center
  • High Payouts
  • Large Array of Tradeable Assets

PrimeCFDs Cons

  • Simple Trading Platform Lacking Features
  • Not Regulated

PrimeCFDs FAQ

Is Prime CFDs regulated?
No, unfortunately they are not yet regulated.

What methods can I use to deposit funds at Prime CFDs?
Visa, Master Card, Visa Electron, Maestro, Wire Transfer, Neteller E-Wallet

Does PrimeCFDs accept international traders?
Yes, they accept clients from all over the world, excluding some countries.

Is there a fee for making a withdrawal?
There is a small withdrawal fee for Mini, Silver, and Gold accounts.

What is the minimum initial deposit requirement at PrimeCFDs?
The minimum initial deposit is $250.

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