This broker is closed. Try trading with HighLow instead.
PrimeBrokerz is a binary broker that claims to enable fast withdrawals, high-security protocols for transactions, a low minimum investment required and an amazing trading experience. PrimeBrokerz review will introduce traders to this broker in details, and help them make a decision.
PrimeBrokerz has a selection of 5 different accounts. Every account has some benefits added, and they highly depend on the amount deposited. Deposit limits for accounts are very user-friendly, and every type of trader will find an account that suits him best. Accounts available are as follows:
As it can be seen, all accounts except the Mini account, are providing a welcome bonus. In terms and conditions, it is clearly stated that it cannot be withdrawn until the trading volume of deposit and bonus combined hasn’t reached x20.
This is not very user-friendly, as the deposited amount should always be free for withdrawal, and not conditioned by bonus status. It is strongly recommended for traders to think about it, before accepting any bonus or promotion. Maximum trade amount depends on the option chosen and the account type one has.
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Even though there are many online binary platforms available for brokers to choose from, in PrimeBrokerz review was noted that they have made a decision to use the AirDoft platform.
The platform is completely web based, but the issue is that traders don’t even have a simulation of what the trading platform looks like, especially if we ignore the promo pictures with platform shown on the desktop.
It is important for every trader to understand the platform, and a better overview would be an amazing addition. The downside of PrimeBrokerz is that they don’t even provide an insight into binary options types offered. This information requires for a trader to register, and only then he can be introduced to the trading platform and what it has to offer.
The options provided are short-term, long-term and countdown options. Traders can choose among many different assets: indices, stocks, currencies and commodities. All assets are listed on the left side, once the trader is registered and enters the trading platform for the first time while the chart is visible on the right side.
Expiry times are 60 sec, 2 min, 3 min, 15 min, 30 min, 1 hr, and the end of the day.
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During PrimeBrokerz review was noted how this broker has a platform only in English. Additional languages would be more than welcome. All traders who encounter problems can count on customer support.
Customer support can be reached via email, online form application, telephone or live chat. Live chat is probably the most convenient way as it is fast and free. During PrimeBrokerz review FBO team tested the live chat function, and after few minutes an operator replied.
The information provided by the broker was insufficient, but the operator didn’t help much either. The most useful answer was to register on the page and see for ourselves what the broker has to offer.
Also, the website is missing proper education section that would be very useful for traders of all types, but also, FAQ section that might answer the basic questions regarding trading, registration, depositing, withdrawing etc.
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When it comes to banking transaction PrimeBrokerz has a limited selection of methods available. The only methods supported by this broker are Visa and MasterCard. Additional methods like e-wallets and bank wire would be an amazing addition, as many credit cards have limitations on how much can be spent at once. Also, e-wallets are fast, and very user-friendly as they don’t have any fees attached. Even though the girl on the live chat said the deposit can be also done via Netteler, that option was never offered to our testing team when they registered.
Minimum deposit with this broker is $250, while minimum withdrawal stands at $100. There are also maximum deposits and withdrawals – $50,0000. Maximum monthly withdrawal is $10,000 for traders who accepted the bonus.
All traders who make a deposit under $500 must count on $25 fee for every withdrawal. Traders who deposited over $500 can count on fee up to 5% of deposited amount.
All withdrawals are processed within 2-5 working days, but users should count on some delays, depending on their bank and the way it operates with transactions.
This company is in the ownership of Danesi Global Limited.
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