What Is Forex SIMPLIFIED | Good investment with PRIMECAPITEC
- 4 years ago
* Commission is calculated per standard lot of 100 000 currency base units (per side).
** Leverage depends on the country of residence, knowledge & experience of each Client.
PRIMECAPITEC offers a wide range of trading accounts, which may be categorized in two groups: Standard (Standard, CENT, and Shares accounts) and ECN (ECN MT4, ECN MT5, ECN ZERO and Pro).
https://www.primecapitec.com/
In addition to the ones shown in the table above, there is a special account for trading in CFDs on shares, called Shares account, which is directly connected to NYSE and NASDAQ’s product price listings.
Furthermore, PRIMECAPITEC offers swap-free (Islamic) trading, available on all account types (except the MT5 one) and involve a fee of $ 1.7 per lot.
Micro, mini and standard lots are available on all account types.
Trading Conditions
Minimum initial deposit
In order to open an account with PRIMECAPITEC, one has to invest just $10, which is a symbolically low minimum initial deposit.
https://www.primecapitec.com/account-types/
Spreads & Commission
Most of PRIMECAPITEC’s accounts are commission-free: Standard ones, as well as the ECN Zero and Pro accounts. Only ECN MT4 & ECN MT5 accounts involve a small commission fee of $4 (per standard lot round trip).
The floating spreads offered by this broker vary by account type. The tightest spreads are available on the ECN and Pro accounts; however, the latter is intended for institutional clients (with minimum initial deposit of $25 000), so we would recommend the ECN MT4 account. The typical spreads on these accounts amount to 0.4 pips on EUR/USD and if we include the commission (2 x $2), average trading costs for this pair are around 0.8 pips per lot, which is a very attractive offer.
Maximum leverage
High leverage levels are available with Exinity Limited – up to 1:1000. The broker utilizes a floating leverage system.
However under Forextime Limited and Forextime UK Limited this is maximum up to 1:30.
As regards cryptocurrencies CFDs (available only in Exinity Limited), the maximum leverage available is 1:10, as they tend to be more volatile than traditional fiat currencies.
The Company. Security of funds
PRIMECAPITEC is a broker that truly suits the needs of traders of all skill levels and preferences. Its offering covers more than 240 tradeable instruments, including a number of currency pairs, various CFDs, as well as ctyptocurrencies. Keep in mind that trading CFDs on cryptocurrencies is only available under Exinity Limited.
Furthermore, clients of this broker may choose from market and instant execution, MetaTrader 4 and MetaTrader 5 trading platforms, and a wide range of trading accounts. Besides, this client-centric broker created an array of ways to provide its clients with effective trading knowledge and education.
https://www.youtube.com/watch?v=CxcTejfRXyQ&t=3s
** Leverage depends on the country of residence, knowledge & experience of each Client.
PRIMECAPITEC offers a wide range of trading accounts, which may be categorized in two groups: Standard (Standard, CENT, and Shares accounts) and ECN (ECN MT4, ECN MT5, ECN ZERO and Pro).
https://www.primecapitec.com/
In addition to the ones shown in the table above, there is a special account for trading in CFDs on shares, called Shares account, which is directly connected to NYSE and NASDAQ’s product price listings.
Furthermore, PRIMECAPITEC offers swap-free (Islamic) trading, available on all account types (except the MT5 one) and involve a fee of $ 1.7 per lot.
Micro, mini and standard lots are available on all account types.
Trading Conditions
Minimum initial deposit
In order to open an account with PRIMECAPITEC, one has to invest just $10, which is a symbolically low minimum initial deposit.
https://www.primecapitec.com/account-types/
Spreads & Commission
Most of PRIMECAPITEC’s accounts are commission-free: Standard ones, as well as the ECN Zero and Pro accounts. Only ECN MT4 & ECN MT5 accounts involve a small commission fee of $4 (per standard lot round trip).
The floating spreads offered by this broker vary by account type. The tightest spreads are available on the ECN and Pro accounts; however, the latter is intended for institutional clients (with minimum initial deposit of $25 000), so we would recommend the ECN MT4 account. The typical spreads on these accounts amount to 0.4 pips on EUR/USD and if we include the commission (2 x $2), average trading costs for this pair are around 0.8 pips per lot, which is a very attractive offer.
Maximum leverage
High leverage levels are available with Exinity Limited – up to 1:1000. The broker utilizes a floating leverage system.
However under Forextime Limited and Forextime UK Limited this is maximum up to 1:30.
As regards cryptocurrencies CFDs (available only in Exinity Limited), the maximum leverage available is 1:10, as they tend to be more volatile than traditional fiat currencies.
The Company. Security of funds
PRIMECAPITEC is a broker that truly suits the needs of traders of all skill levels and preferences. Its offering covers more than 240 tradeable instruments, including a number of currency pairs, various CFDs, as well as ctyptocurrencies. Keep in mind that trading CFDs on cryptocurrencies is only available under Exinity Limited.
Furthermore, clients of this broker may choose from market and instant execution, MetaTrader 4 and MetaTrader 5 trading platforms, and a wide range of trading accounts. Besides, this client-centric broker created an array of ways to provide its clients with effective trading knowledge and education.
https://www.youtube.com/watch?v=CxcTejfRXyQ&t=3s