PrimeXQ Review 2020
PrimeXQ is an online trading broker with many years of experience in the markets. They offer multiple tradable assets, such as forex, futures, commodities, indices, and stocks, for trading online via the sophisticated MetaTrader 4 trading platform. The broker also provides clients with a range of useful trading tools and educational materials but they are not regulated.
PrimeXQ Review 2020, Pros & Cons
- Multiple trading instruments
- Sophisticated MT4 platform
- Educational resources
- Unregulated brokerage firm
- Minimum $500 deposit
- Not the lowest spreads
- Does not accept US/Japanese citizens & residents
In this detailed PrimeXQ review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
PrimeXQ is not ranked in our best forex brokers, best stockbrokers, best CFD brokers, best crypto brokers, or best online brokers categories. You can use our free broker comparison tool to compare online brokers including PrimeXQ.
PrimeXQ Review: Summary
Launched in 2018, PrimeXQ is an online trading broker that provides competitive trading conditions, multiple account options, educational materials, and state-of-the-art trading technology. They also provide clients with the intuitive and popular MetaTrader 4 trading platform for trading multiple financial instruments.
PrimeXQ Review: Regulation
There is no regulatory information on the broker’s website at the moment. Most experts and professionals would not trade with an unregulated broker as they cannot offer the same protection to investors that a regulated brokerage firm can. Please see our trading broker reviews for alternative regulated brokers.
PrimeXQ Review: Countries
The broker states that the products described on its website are not offered and may not be sold in the United States/Japan or to the United States/Japanese citizens or residents.
Some PrimeXQ features and products mentioned within this PrimeXQ review may not be available to traders from specific countries due to legal restrictions.
If you are looking for a trading broker in a particular country, please see our best brokers USA, best brokers UK, best brokers Australia, best brokers South Africa, best brokers Canada or our best brokers for all other countries.
PrimeXQ Review: Trading Platforms
The broker provides traders with the sophisticated MetaTrader 4 trading platform. The platform is a popular choice for new traders, as well as seasoned traders, because it covers all aspects of the trading process. Due to its reliability, ease of use, timely access to vital information, and trading strategies, MT4 is considered by many to be one of the best trading platforms worldwide. The MT4 platform is available as a desktop application for Windows and Mac computers, WebTrader, and a mobile app that is designed specifically for Android and iOS devices.
PrimeXQ Review: Trading Tools
The provided MT4 platform has a wide range of built-in trading tools to enhance clients’ trading experience, including multiple indicators, algorithmic trading, forex signals, and more.
PrimeXQ Review: Education
PrimeXQ provides traders with a good selection of educational resources that can help to improve their trading knowledge and skills, and they include Trading Glossary and a FAQ section.
PrimeXQ Review: Trading Instruments
PrimeXQ offers multiple tradable asses, including forex, futures, commodities, indices, and stocks for trading online.
PrimeXQ Review: Trading Accounts & Fees
The broker offers clients multiple account options to meet each trader’s individual trading needs. They include Mini, Classic, and Premium Accounts. They give traders access to trade multiple instruments on the MT4 platform.
As broker fees can vary and change, there may be additional fees that are not listed in this PrimeXQ review. It is imperative to ensure that you check and understand all of the latest information before you open a PrimeXQ broker account for online trading.
PrimeXQ Review: Customer Service
The broker’s customer support team is available from Monday to Friday, and they can be reached via telephone, email, and Live Chat.
PrimeXQ Review: Deposit & Withdrawal
The broker accepts a range of different payment methods, and they include:
- Bank Transfer
- Credit/Debit Cards — such as Visa, DinersClub
- Online Payment Processors — including Neteller, Skrill
PrimeXQ Review: Account Opening
Opening a trading account with the broker involves a few easy steps: click on the ‘Open Account’ button on the broker’s website and pick the desired account type depending on your objectives and trading capital. Next, fill out the necessary information and submit if you would like to proceed.
Next, upload the necessary documents to verify your account. Once your account is created and verified, you can fund your account and begin trading online when you are ready.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree to them.
PrimeXQ Review: Conclusion
In brief, PrimeXQ is an online trading broker that offers multiple financial instruments for online trading. They provide competitive trading conditions, a range of useful trading tools, and some educational materials. The lack of regulation would be a red flag for some potential clients as the broker cannot offer the same protections that a regulated broker can. The trading brokers review team also did not find them to have the lowest spreads and a high minimum deposit when compared to the best trading brokers.
Trading in Forex and CFDs carries a high level of risk and can result in the loss of part or all of your investment. It may not be suitable for all investors. You should be aware of all the risks associated with Forex and CFD trading and seek independent advice. Past performance is not a reliable indication of future results.