PrimeMarketCap Review

PrimeMarketCap Review

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General Information

Broker Name: PrimeMarketCap

Broker Type: Forex & CFD

Country: Saint Vincent and the Grenadines

Operating since year: 2022

Regulation: N/A

Address: First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, VC0100, St. Vincent and the Grenadines

Broker status: Active

 

Customer Service

Phone: N/A

Email: [email protected]

Languages: English

Availability: 24/7

Trading

The Trading platforms: Proprietary

Trading platform Time zone: N/A

Demo account: No

Mobile trading: Yes

Web-based trading: Yes

Bonuses: Yes

Other trading instruments: Yes

Account

Minimum deposit: $250

Maximal leverage:  1:500

Spread: Floating

Scalping allowed: Yes

REVIEW CONTENT

  • General Information & First Impressions
  • Fund and Account Security
  • The Trading Accounts
  • PrimeMarketCap’s Trading Platform
  • Funding and Pricing
  • Trading Products at PrimeMarketCap
  • Conclusion

Broker Review: PrimeMarketCap

Broker Review: PrimeMarketCap

General Information & First Impressions

Welcome to our PrimeMarketCap review! This text will tell you all you need to know about the broker, letting you make an informed decision.

PrimeMarketCap is a new brokerage from Saint Vincent and the Grenadines. It started operating in 2022 and aims to position itself as a versatile, all-around brokerage. Openness is a significant part of its service, and it aims to attract different kinds of traders. To that end, it has accounts that suit different budget preferences and a wide variety of assets.

We should note that PrimeMarketCap operates via CFDs. Here, some traders will turn away since they’ve been conditioned to dislike CFD trading. However, for most people (excluding crypto enthusiasts and majority shareholders), CFDs are an advantage rather than a downside.

That’s because of one apparent reason, and that’s the broker’s ability to make a broader asset list. However, there are also numerous less obvious advantages, such as the higher liquidity and execution speeds. CFDs also let brokers minimize their trading fees, letting you keep more of your money.

As such, we feel like PrimeMarketCap’s status as a CFDs brokerage isn’t a point of contention. As for our broker-specific impression, we need to say that we were quite positively surprised by PrimeMarketCap.

Visually, it has a bold design blending dynamic and static elements well. That lets it look different than the standard broker, which tends to be a bit sterile. However, it still maintains the professional atmosphere that’s appropriate for a trading service provider.

Its function goes along with that as well. It’s obvious the broker put a lot of attention into streamlining its service and making navigation quick and smooth. All that results in high hopes for our PrimeMarketCap group review.

Fund and Account Security

Fund and Account Security

Safety should be your main concern when choosing a new online brokerage. Sadly, the finance sphere is infested with scammers, and they’re waiting for you to make a mistake. As such, you need to conduct research on any brokerage you intend to join, as you never know whether it’s entirely honest.

However, that’s easier said than done, especially for traders that have started out recently. They may not be able to recognize some hallmarks of a scam, so we’re here to help. We’ve investigated the broker and are ready to present our findings about it in the next part of our PrimeMarketCap review.

First off, we need to start by establishing the fact that the broker has a clean history. But, as you may recall, we also said that it started operating in 2022, and these two facts somewhat negate each other. Of course, we’re talking about the parent company as well. GZ Precision LLC has been around for much longer than PrimeMarketCap itself and has shown no signs of dishonest behavior.

Next, we also need to say that the broker shows no ill intent either. Scammers often make their services intentionally confusing or misleading. Of course, they do so in an attempt to get inexperienced traders to sign up for a better-than-possible service.

Opposite that, primemarketcap.com is entirely genuine about what it offers and what it expects. The website is clear enough in that regard, and the formal documents propel it even further. As such, you’ll go in fully informed about what you can expect. As we said earlier in our PrimeMarketCap review, that affirms its intentions.

Lastly, the broker also protects user accounts and info via authenticators and encryption. That concludes the broker’s status as a truly safe company.

The Trading Accounts

PrimeMarketCap caters to both high-end and budget traders with its account structure. It has a fresh twist on a tried-and-tested formula that leads to better balance across the board. With the broker’s account features, both ends of the spectrum will feel like they’re getting fair returns on their deposits.

Of course, the accounts themselves don’t cost anything but rather require a deposit of a certain magnitude. There are no overnight fees or payments you need to make in order to start trading. Any charges that incur are from your payment provider itself.

The cheaper accounts offer full access to the service without any reservations. You’ll be able to open the full asset list, use all of the platform’s functionality, and overall have a complete trading experience. Of course, you’ll lack some of the luxury features the broker offers, but that’s no surprise.

When you move on to the pricier options, you’ll receive additional assistance features as well as various bonuses. They range from additions on deposits to trading spreads tightening. That lets you utilize your funds more effectively and have a more comfortable trading experience.

The account structure is set up so that loyalty in the form of higher deposits gets justly rewarded. However, the broker is careful never to make upgrades feel mandatory. We feel like that’s the sweet spot where everyone can be content with what they’re getting.

Here are some more details about the accounts on primemarketcap.com:

Classic

  • Max Leverage: 1:100
  • News Alerts: No
  • Live session with personal strategy: No
  • Personal Access to Account Manager: No
  • Webinars & Tutorials: No
  • Daily Market Update: No
  • Portfolio management: No
  • Customer support 24/7: Yes
  • Bonus: No
  • Spread: Regular
  • Swap Discount: No

Silver

  • Max Leverage: 1:100
  • News Alerts: No
  • Live session with personal strategy: Yes
  • Personal Access to Account Manager: No
  • Webinars & Tutorials: No
  • Daily Market Update: Yes
  • Portfolio management: No
  • Customer support 24/7: Yes
  • Bonus: Up to 10%
  • Spread: Regular
  • Swap Discount: No

Gold

  • Max Leverage: 1:200
  • News Alerts: Yes
  • Live session with personal strategy: Yes
  • Personal Access to Account Manager: Yes
  • Webinars & Tutorials: Yes
  • Daily Market Update: Yes
  • Portfolio management: No
  • Customer support 24/7: Yes
  • Bonus: Up to 30%
  • Spread: -20%
  • Swap Discount: 10%

Platinum

  • Max Leverage: 1:400
  • News Alerts: Yes
  • Live session with personal strategy: Yes
  • Personal Access to Account Manager: Yes
  • Webinars & Tutorials: Yes
  • Daily Market Update: Yes
  • Portfolio management: No
  • Customer support 24/7: Yes
  • Bonus: Up to 50%
  • Spread: -30%
  • Swap Discount: 20%

Premium

  • Max Leverage: 1:500
  • News Alerts: Yes
  • Live session with personal strategy: Yes
  • Personal Access to Account Manager: Yes
  • Webinars & Tutorials: Yes
  • Daily Market Update: Yes
  • Portfolio management: Yes
  • Customer support 24/7: Yes
  • Bonus: Up to 100%
  • Spread: -50%
  • Swap Discount: 40%

PrimeMarketCap’s Trading Platform

PrimeMarketCap’s Trading Platform

PrimeMarketCap uses a custom platform that allows for it to control its desired user experience. With that, it created a platform with ease of use in mind so that traders could adapt to it with ease. On top of that, the software leads to a more comfortable experience in the long run.

However, it’s important to note that the broker didn’t let that diminish the platform’s technical capabilities. It’s still a fully-powered trading software with all the features you’d expect and then some. There’s automation such as stop losses and take wins, and numerous analytical features. That lets more confident traders boost their success rates and stay more profitable.

The platform is available through all standard outlets. You can download it and use it as a terminal or use the Web Trader if you prefer that. Of course, you can also download the PrimeMarketCap app to your Android or iOS mobile devices.

Funding and Pricing

As we outlined earlier, funding at PrimeMarketCap is a simple and fee-free process. You have numerous methods to get money in and out of your account, and they all process quickly.

Pricing is also fantastic, with the spreads starting out tight. That means your trading costs won’t be high to begin with, but there are also ways to improve your fund usage.

As we already mentioned, you can get deposit bonuses, as well as spread and swap discounts to make trading more transparent and cheaper. That way, you can optimize the way you spend your money, with PrimeMarketCap being financially the better option than most brokers.

Trading Products at PrimeMarketCap

Earlier in our PrimeMarketCap review we talked about the broker’s asset diversity opening it up to various traders. And while the broker’s focus is on its forex trading service, the library in other categories is still quite full. As such, even if you’re a trader that prioritizes stocks, you’ll find more than enough at PrimeMarketCap. That leads to much more versatility and openness on the broker’s part.

Trading Products at PrimeMarketCap

Additionally, it makes some crucial skills, such as portfolio diversification, much simpler. It has additional benefits in making transitioning between different assets simpler and making it easier to find undervalued assets. Here are some of the trading instrument classes on primemarketcap.com:

  • Forex
  • Indices
  • Metals
  • Energies
  • Futures
  • Shares
  • Crypto

Conclusion

PrimeMarketCap is one of the few new brokers that have come out that focus on what traders actually need. That user experience focus leads to a much safer and much more profitable experience at any price point.

However, financially good brokers aren’t that rare, and there are numerous such companies to choose from. What sets PrimeMarketCap is that it manages to be highly functional while remaining comfortable. That leads to much more trading longevity and less frustration, helping you keep a cool head.

There’s not much we can add, but for our PrimeMarketCap review, we can confidently say the broker has earned our recommendation. If you’re looking for a streamlined, powerful brokerage, it’s right up your alley.