PrimeTrade
Prime Trade: Professional Broker with 100% Anonymity
Broker Prime Trade prefers complete anonymity: it does not disclose the country of origin, does not publish the address of the head office and registration documents. Licenses are also absent, which raises doubts about the legality of Prime Trade’s operations.
The resource primetrade.one is available in Russian, and the main page looks like this.
There are absolutely no contact details – no phone, no email, not even an online chat, feedback forms, or links to social networks. How a trader can contact company representatives is unclear. Information about the creators of Prime Trading is also hidden, and the question of who and when founded this organization remains open.
Prime Trading Trading Conditions
Prime Trading offers clients a choice of five real trading accounts. Opening a demo account is not allowed. The following account options are available:
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START. $150-$1000. Welcome bonus 100%.
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SILVER. $1001-$5000. Welcome bonus 120%.
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GOLD. $5001-$20000. Welcome bonus 130%.
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PLATINUM. $20001-$50000. Welcome bonus 140%.
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VIP. $50001+. Welcome bonus 150%.
Analytical materials are provided to all Prime Trading users without exception, as well as access to the platform and services of a personal analyst. However, the development of a personal strategy is only available to clients with PLATINUM and VIP accounts. Users who open a VIP account can also expect real-time trading demonstrations and VIP trading tools.
The descriptions of the trading accounts do not mention spreads and leverage. However, on the main page of primetrade.one, it is stated that spreads start from 2 pips and leverage is up to 1:500. Whether these conditions apply to all accounts is unknown, and reviews about Prime Trade need to be studied to find out.
Advantages of Working with Prime Trading Broker
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Individual client training to help traders achieve good results as quickly as possible.
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Assets from the world’s largest stock exchanges, the opportunity to invest in stocks, indices, or currencies.
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Reliable liquidity providers, banking services partners.
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Comprehensive market data, ideas, financial reports.
To understand whether the claimed advantages manifest in actual work with the broker, one needs to read reviews about Prime Trading.
Starting work with this dealing center is quite simple – initially, you need to register in your personal account, open an account from the list above, then go to the trading terminal, log in, and start trading.
By the way, little is known about the trading platform; the broker only mentions that you can use WebTrader or UTIP. Descriptions of these terminals are not provided, and there is no demo version. Whether mobile trading is available is unknown.
Account Funding and Withdrawal from Prime Trading
There is little information about deposit/withdrawal of funds, the document “Payment Returns Policy” is not available (by the way, like other internal documents – “Client Agreement,” “Privacy Policy,” etc.). Here’s what happens when trying to open the documents.
In the FAQ, it can be found that QIWI and bank transfers are used to deposit funds. Whether there are other payment methods is unclear. Processing time for requests is from 1 to 5 business days, depending on the method. Nothing is mentioned about commissions.
Conclusion
The main drawbacks of the broker are the absence of registration details, licenses, contacts, internal documents, and information about the company’s management. Additionally, the lack of certain trading conditions and deposit/withdrawal conditions can be added here. Reviews about Prime Trading and consultation with an independent specialist are what a potential client of this dealing center needs.
I am extremely disappointed with my experience at PrimeTrade. From the outset, their customer service was far below par. Representatives were unresponsive and unresolved queries remained ignored for weeks. Moreover, their platform is neither user-friendly nor intuitive, with frequent technical glitches interrupting trading sessions. The withdrawal process was tedious and cumbersome, peppered with hidden charges that were never mentioned initially. Transparency is a quality they clearly lack. I would not recommend PrimeTrade to anyone looking for efficient and reliable broker services.