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Forex Prince is a brokerage firm that is solely dedicated to execution and provision of trading solutions for experienced and novice traders. Forex Prince helps retail investors use Forex as an asset class and is part of their investment goals. In addition, the company offers its clients a trading platform with access to the market data and customer support. Forex Prince provides users with direct access to several types of liquidity in the forex markets without the need to use the services of a dealing desk.
Importantly, the broker is regulated by the Financial Services Authority of Saint Vincent and the Grenadines, one of the weakest regulators in the world.
Trading conditions
The company offers its clients a wide selection of currency pairs, precious metals, indices, and CFDs on commodities available for trading through the MetaTrader 4 platform.
The company`s trading instruments include:
- Forex Trading
- Global indices (national stock indices)
- Contracts For Difference (CFDs)
- Energies (oil and gas)
Trading platforms:
- MetaTrader 4
- MetaTrader 4 Mobile
The company provides new clients with a welcome $50 bonus. This bonus is only for trading and cannot be withdrawn.
Support service
Clients can contact the support service 24/5 via live chat, email, or Skype. The customer support is available in 10 languages: English, Urdu, Vietnamese, Indonesian, Arabic, Thai, Bengali, Hindi, Malay, and Tamil. The company`s headquarters are in Saint Vincent and the Grenadines in the Caribbean Sea.
Feedback
Mostly, traders complain about difficulties with the withdrawal of funds. At the same time, there are positive comments about the broker’s activity on the Internet. They include fast order execution, favourable spreads and payments, as well as timely response from the support team.
Advantages and disadvantages
The weak and unreliable regulatory authority, as well as negative comments of users are the main disadvantages of the company. Plenty of deposit and withdrawal methods, including cryptocurrencies, are the main advantages of Forex Prince.
