Fx Praime LTD is a platform that offers diverse financial trading services. Its official website is https://www.fxpraime.com/, and the domain was registered on December 28, 2023. Despite the official website showing its operational address as 71-75 Shelton Street, Covent Garden, London, the company’s registration information could not be found upon inquiry. Additionally, Fx Praime LTD is not regulated by the UK Financial Conduct Authority (FCA), making it an unregulated platform.
Background of Fx Praime LTD:
The official website of Fx Praime LTD is https://www.fxpraime.com/, with the domain registered on December 28, 2023. The website lists its operational address as 71-75 Shelton Street, Covent Garden, London, United Kingdom. However, no registration information could be found after inquiry. Investors should verify the legitimacy and registration status of any trading platform before choosing it to ensure the safety of their funds.
Regulatory Information of Fx Praime LTD:
Upon inquiry, Fx Praime LTD has not been regulated by the UK Financial Conduct Authority (FCA). In fact, it is an unregulated platform. Investors should prioritize platforms that are supervised by legitimate regulatory agencies to ensure their legality and the safety of their funds.
Account Registration Process of Fx Praime LTD:
- Log into the official website of Fx Praime LTD and click the register button
- Fill out the application form
- Submit identity verification/documents for verification
- Deposit funds and start trading
Account Types of Fx Praime LTD:
Basic Account
- Minimum Funds Requirement: USD 100 - 1000
- Account Features:
- Enjoy industry-leading entry prices
- Leverage: 1:500
- Minimum lot size: 0.01
- Spread: 1.8 pips*
- Commission: None
- Margin call level: 50%
- Hedging allowed
- Stop-out level: 30%
Classic Account
Minimum Funds Requirement: USD 2000 - 5000
- Leverage: 1:700
- Minimum lot size: 0.01
- Spread: 1.5 pips*
- Commission: None
- Margin call level: 50%
- Hedging allowed
- Stop-out level: 30%
Elite Account
Minimum Funds Requirement: USD 6000 - 10000
- Leverage: 1:1000
- Minimum lot size: 0.01
- Spread: 1.2 pips*
- Commission: None
- Margin call level: 50%
- Hedging allowed
- Stop-out level: 40%
Each account type offers different minimum funds requirements and trading conditions to cater to various investors. Whether a novice or an experienced trader, one can choose a suitable account type based on their funds and trading preferences.
Trading Software of Fx Praime LTD:
As of now, Fx Praime LTD has not disclosed detailed information about its trading software, raising concerns about its technical support and trading tools. The choice of trading software is directly related to the smoothness and security of trading. Therefore, investors should be cautious when choosing a trading platform and prioritize those that provide transparent information and reputable trading software to ensure fund security and smooth transactions.
Trading Products of Fx Praime LTD:
Forex: Fx Praime LTD offers a wide range of forex trading services, covering major, minor, and emerging market currency pairs. The forex market is the largest financial market globally, providing 24-hour trading and high liquidity. Traders can make short-term speculation or long-term investments by leveraging the exchange rate fluctuations between different currency pairs.
CFDs: Fx Praime LTD offers various Contract for Difference (CFD) trading, including stocks, indices, commodities, and forex. CFD trading allows traders to speculate on price changes without actually owning the underlying asset. This trading method provides flexible leverage options, enabling traders to amplify their market positions and gain more significant profits from price fluctuations.
Indices: Fx Praime LTD enables traders to invest in major global stock market indices, such as the S&P 500, Dow Jones Industrial Average, NASDAQ Composite, and Germany's DAX index. By trading indices, investors can gain exposure to the performance of entire markets rather than individual stocks, helping to reduce risk and enhance portfolio stability.
Commodities: Fx Praime LTD offers trading services for various commodities, including precious metals (such as gold and silver), energy (such as crude oil and natural gas), and agricultural products (such as coffee and cotton). Commodity trading allows investors to speculate or hedge in different market conditions, utilizing price fluctuations to achieve potential profits.
Fx Praime LTD meets the needs of different types of investors by offering a diverse range of trading products.
Spreads, Leverage, and Commissions of Fx Praime LTD:
Fx Praime LTD offers three different types of accounts: Basic, Classic, and Elite. The minimum funds requirement ranges from USD 100 to USD 10,000, with leverage from 1:500 to 1:1000 and spreads from 1.8 pips to 1.2 pips. All accounts are commission-free, allow hedging, and have a margin call level of 50%. Additionally, the stop-out level is 30% for Basic and Classic accounts, while it is 40% for Elite accounts. These account types cater to various traders, from beginners to high-net-worth investors.
Deposit and Withdrawal Methods of Fx Praime LTD:
Fx Praime LTD offers its clients various convenient deposit and withdrawal methods to meet different investors' needs. Below is a detailed introduction:
- Bank Wire
- Credit/Debit Cards
- Skrill
- Local Bank Deposit
- Neteller
- Bpay
- Payeer
- Union Pay
- Other Methods
In addition to the above methods, Fx Praime LTD offers various other payment options to ensure clients can find the most suitable fund transfer method.
Account Currencies:
Fx Praime LTD supports multiple account currencies, including AUD, USD, EUR, CAD, GBP, CHF, JPY, NZD, SGD, and HKD.
Minimum Account Funds Requirement:
Clients can start account operations with as little as 1 AUD, providing great flexibility and convenience for investors of different scales.
By offering a variety of deposit and withdrawal methods and account currency options, Fx Praime LTD ensures clients can manage their funds conveniently and securely, enhancing trading flexibility and convenience.
Customer Support of Fx Praime LTD:
Email: support@fxpraime.com
Phone: +44 113 328 1103
Summary:
Fx Praime LTD excels in offering diverse trading products and convenient deposit and withdrawal methods. However, there are several uncertainties regarding its corporate background and regulatory information. Although the platform provides different types of accounts to meet various traders' needs and supports multiple currencies and payment methods, its unregulated status and lack of transparent corporate registration information increase investor risk. Investors should prioritize trading platforms supervised by legitimate regulatory agencies to ensure their legality and fund safety. Fx Praime LTD is listed as "Suspected Fraud" on TraderKnows.
