Why trade FOREX with Prime-Coin [2022]

If you are a UK FOREX broker, you have probably come across a number of online platforms and applications. Prime-Coin is one such online FOREX trading platform in UK offering a number of desirable features for FOREX traders. In this review article, we will talk about a few of these features.

Why trade FOREX with Prime-Coin:

1) Regulatory compliance:

One of the very first things to check in an online FOREX brokerage firm is whether it is licensed to operate as a broker. Prime-Coin is regulated by the Financial Conduct Authority (FCA) – the body responsible for supervising and regulating brokers nationwide. If you wish to verify this information, you can visit the “About Us” section of Prime-Coin’s website, which covers its license details. Alternatively, you can visit the FCA website and see if Prime-Coin is on the body’s list of licensed brokers.

Due to security and integrity concerns, we strongly recommend that you only open an account with a licensed broker like Prime-Coin.

2) Sophisticated Account Features:

a) Excellent leverage and margins:

FOREX participants using Prime-Coin will have access to excellent leverage of up to 200:1. This means that if you have $1,000 in your FOREX trading account, you can hold a position worth $200,000.

Leverage is extremely useful for traders as it increases their chances of earning higher profits. However, at the same time, leverage can also amplify your risk of losses. For this reason, Prime-Coin’s qualified and experienced team is always available to guide clients on the optimal use of leverage.

b) Low commission and tight spreads:

In FOREX trading, a commission is a certain percentage of the spread, which is the difference between the asking price and the buying price of a currency pair. With Prime-Coin, you will be charged a minimal commission regardless of the currency pair you are trading, increasing the amount of profit you keep.

Generally, the wider the spread, the harder it is for the trader to make money. In order to prevent this from happening, Prime-Coin charges very tight spreads, especially for popular currency pairs such as GBP/USD and EUR/USD.

c) Low initial deposit:

Prime-Coin’s FOREX account can be funded with a very low deposit – and, in order to alleviate the limitations caused by a low initial deposit, offers high leverages as we have already discussed above.

Additionally, to cater to the different requirements of their clients, Prime-Coin offers Standard, Mini and Micro FOREX accounts, each with a different initial deposit requirement.

d) Facility for withdrawals and deposits:

According to Prime-Coin’s withdrawal and deposit policies, account holders can fund their accounts through multiple sources. These sources include ACH payment, credit card, cashier’s check, wire transfer, or personal or business check. Withdrawals, on the other hand, can be made by bank transfer and check.

Deposit and withdrawal fees will be a nominal percentage of the amount deposited or withdrawn.

3) Wide variety of currency pairs:

With Prime-Coin, you benefit from a huge range of currency pairs, in addition to the aforementioned GBP/USD and EUR/USD pairs. Other tradable Prime-Coin currency pairs include:

  • GBP/USD
  • EUR/CHF
  • GBP/CAD
  • GBP/USD
  • GBP/JPY

This means that even if you are interested in a less common trading pair, you are very likely to find it at Prime-Coin.

4) Top notch customer service:

Prime-Coin understands that FOREX trading is a 24-hour affair, which is why it makes its customer service available at all hours of the day. Whatever the time, live Prime-Coin representatives are just a phone call or email away.

In addition to this, the Prime-Coin website has a comprehensive list of Frequently Asked Questions (FAQs), each with a detailed and explanatory answer.

5) Robust trading platform:

Prime-Coin’s trading platform offers all the fundamental and technical analysis tools you will need during your FOREX trading process.

Additionally, you can use the platform to easily enter or exit any trade at any time: the platform has clear ‘sell’ and ‘buy’ buttons, as well as a ‘panic’ button which will automatically close all open positions.

Apart from that, the platform offers features for automated trading, back-testing, strategy builders, and trading notifications and alerts. Prime-Coin also offers a demo account where you can get a feel for the trading platform before opening your account and submitting an initial deposit.

Last word:

In conclusion, Prime-Coin ticks all the boxes that a complete trading platform should tick, from a solid and intuitive platform to attractive margins and commissions. To learn more about Prime-Coin or to open an account, please visit this site.

(Photo by Ibrahim Boran on Unsplash)

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