PrimeCFDs Review

PrimeCFDs Broker Logo

PrimeCFDs was a Forex CFD broker that opened in April 2017, and is now out of business.

Owned by Orion Service EOOD, they are located at: 39 Aleko Konstantinov Street, Sofia, Bulgaria. Their phone number in Bulgaria is: +359 5291 9520, and contact email is support@primecfds.com.

Investors with complaints or withdrawal problems should read this.

PrimeCFD Broker Review

PrimeCFDs is an unlicensed broker, using the TraderSoft trading platform for CFD’s, Crypto Currencies, and Forex trading. Available for trading are hundreds of underlying assets in the markets of Forex, Stocks, Commodities and Market Indices. As with many CFD brokers, the difference is the level of leverage offered on the various underlying assets. Bitcoin is available for example, at a 1:25 leverage.

They make no mention of a minimum deposit for new accounts, but we assume it is the industry standard of $250. You have a choice of using either the web based desktop trading platform, or you can download their mobile trading app for Android or iOS.

PrimeCFDs Trading Platform
PrimeCFDs Trading Platform

PrimeCFDs License & Regulation

Whenever the Scam Broker Investigator reviews a new broker, the best way to know if they are a legitimate broker is by checking for a license. Many Forex brokers are licensed by a local regulator like ASIC in Australia or the FCA in the United Kingdom.

This broker is not licensed or regulated! 

Smart traders always verify that the broker is also licensed in their local country. You can find a list of all the popular Forex brokers here.

Australia Warning!!!

“ASIC urges all investors considering trading in CFD’s, to check they are dealing with an entity that holds an Australian financial services licence and is regulated by ASIC.”

Compare Forex Brokers

With hundreds of brokers to choose from, traders usually choose one of the best brokers, see here.

CM Trading is a popular Forex broker that is licensed by the FSCA in South Africa. They have a Copy Trading feature you can see here.

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What was your trading experience with PrimeCFDs like? Please leave your review in the comments below.

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