PrimeCFDs – Binary Options, Forex, CFD
We welcome PrimeCFDs to the growing family of regulated and secure online investment companies that have recently been populating the field. What differentiates these companies from their veteran counterparts is their arrival at the point in time where the entire industry is undergoing an upheaval thanks to the growing regulatory supervision being laid down by national authorities, and which is expected to transform the industry from being a form of entertainment to a legitimate way of controlling one’s finances without resorting to the whims and vagrancies exhibited by the ‘traditional’ banking and investment industry – so blatant since the financial meltdown of 2008. These new companies have been constructed from the ground up to supply a growing need and a legitimate concern of investors worldwide – namely: how to insure their savings and ensure a return on their investments in a zero-interest environment, in which bank clerks and so-called investment advisers have been found once too often to be investing against their own clients’ best interests. Enter PrimeCFDs, where the simplicity of Fixed Return options has been applied to the more controllable realm of CFD and Forex trading – making these much more approachable by the novice.
Our fits impression of PrimeCFDs was through their website – no frills and no ridiculous promises that indicate a scam operation in the making. Even bonuses are no longer subject to 30 and 40 times reinvestment requirements but – instead – redeemable through a much clearer to monitor system of trader points, calculated anew each time the trader closes a position. The creators of the website are providing a gateway to independent investing – no more, no less. And anyone seeking thrills and games should clearly steer clear.
The user-friendly platform, powered by Tradersoft, enables one to move easily between fixed return, forex and CFD trading at the click of a tab. Everything is laid out before you – nothing hidden: your account sheet, the assets, the charts and even a simple investor sentiments gauge. 134 assets are available – 31 currency pairs and 103 share, commodity and index CFDs. Traders are warned repeatedly not to invest without first doing their homework – researching the fundamentals and examining the technical – before opening a single position; and with 2 of the 3 tabs dedicated to margin trading (albeit with extremely sober leverage levels – as currently required by the regulators), reminding them to constantly keep their eyes on the bottom line. The more advanced traders are welcome to avail themselves of the indicators, experts and charting tools available on free-to-download MT4. Otherwise, all manners of limit and pending orders are easily opened with margin immediately updated for every change made.
With regulators finally clamping down on pushy salespeople representing themselves as ‘brokers’, PrimeCFDs has mobilized a fresh team of experienced traders to handle all customer support. Here – at last – are people you may call up to ask about how to operate the platform, on one hand, who are perfectly competent at discussing the upcoming economic events and how best to adjust your MACD, with intractable patience and the self-assurance that comes from absolute mastery of the market.
Although it may be too early to judge the performance of a totally new company, it is quite clear that brokers like PrimeCFDs are here to stay. They are revolutionizing the industry to no lesser extent than the industry is changing the companies on the ground; and if one is entering the global marketplace for the first time, what better place to start than with a company that is eminently suited to this sector’s new and fascinating potential.
- A wide variety of assets
- Excellent spreads
- Instant execution
- Multi-lingual staff
- Platform a bit too basic
- A new company
- No US traders