Primefin does not charge a commission fee with spreads from 0.0 pips.
Primefin doesn’t charge any account fees, while deposits and withdrawals are also free of charge. Primefin does not charge an inactivity fee.
Finding a reputable list about Primefin Fees and Spreads local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.
Below is an in-depth Fees and Spreads review regarding this regulated Forex Company, which will assist traders and allow traders to invest in their currency.
Fees and Spreads
Primefin spreads are competitive and varied depending on the account a trader chooses and what they are trading. The spread list and fee schedule that traders can expect will depend on the type of account that traders choose.
Primefin does not indicate any spreads or commissions on the website and for this reason, traders must confirm all trading fees before registering a trading account.
Additional Trading Fees
When trading financial instruments such as forex, traders can often expect that overnight fees or swap fees will be charged when positions are held for longer than a trading day.
Short positions, which are held overnight will be credited with swaps. These are calculated based on the one-month interbank rate. Should long positions be held overnight, traders will be debited with swaps.
Primefin offers traders swap discounts on the following accounts:
- Gold Account – Up to 25%.
- Platinum Account – Up to 50%.
Primefin does not make provision for an Islamic Account for Muslim traders who follow the Sharia Law, and thus prohibited from earning or paying interest where the holding of open positions is concerned.
Primefin does not offer spread betting and thus spread betting fees do not apply.
There may, however, be additional trading fees charged by Primefin that are not mentioned in this review, or the mentioned fees may have changed since the time of writing. For this reason, before registering a live trading account, traders must verify all information relating to charges and fees they may incur when trading with Primefin.
Primefin does not charge deposit fees or withdrawal fees. When either depositing funds, or withdrawing them, traders can make use of any of the following payment methods:
- MIR Limited
- Orange pay
- Emerchant pay
Even though Primefin does not charge any fees relating to deposits or withdrawals, traders may incur additional fees waived by their financial institution for transactions. These, and any other fees such as conversion fees, and additional broker fees must be verified with the broker.
Pros and Cons
|✔️ PROS||❌ CONS|
|Competitive trading conditions offered||US clients are not accepted|
|High leverage ratio offered|
|Segregation of funds for clients|
|Withdrawal fees not charged|
|Deposit fees not charged|
|Variety of payment methods supported|
|Swap discounts up to 50% offer|
|No inactivity fees indicated|
|No conversion fees indicated|
|Dedicated account manager provided|
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How many instruments can I trade with Primefin?
You can trade the following financial instruments:
Which platforms are supported by Primefin?
Does Primefin offer leverage?
Yes, Primefin offers maximum leverage of 1:500.
What spreads can I expect with Primefin?
You can expect competitive varied spreads depending on what account you choose.
Does Primefin charge commission?
No, Primefin does not charge commission on trades. Traders must verify this information with the broker as it is not stated on the website.
Is Primefin regulated?
Yes, Primefin is regulated by the Labuan Financial Services Authority.
Is Primefin a recommended forex trading broker for experts and beginners?
Yes. Primefin caters to both beginners and experts.
What is the overall rating out of 10 for Primefin?