General Information of PriorFX
Reviewed broker: PriorFX
Established in 2013
Regulation: egulated and licensed by the Cyprus Securities and Exchange Commission (CySEC), under license reference: 221/13.
Trading instruments: forex, metals, commodities, indices CFDs
No dealing desk execution: yes
PriorFX provides forex execution via a straight through processing, or No Dealing Desk execution model. In this model PriorFX passes on to its clients the best prices that are provided by one of PriorFX’s liquidity providers (which include global banks, financial institutions, prime brokers and other market maker) with a fixed mark-up for each currency pair.
Accounts, Payments and Trading Conditions
Account types: standard
Standard Account features
- Pure STP without any interference
- Low, competitive spreads from 1.2 pips
- Lightning fast execution
- Zero commission
- No dealing desk
- No conflict of interest, we are on your side
Segregated accounts for client funds: yes, swiss bank accounts
Demo account: yes
Minimum deposit requirement: $250
Payment methods: wire transfer, credit cards, Skrill, Neteller, PriorFX prepaid card, Yandex, Webmoney, Qiwi, UnionPay
Minimum trade size: 0.01 lot
Maximum leverage is up to 1:20
Trading platform: Metatrader 4, Webtrader
Created by traders, for traders, the revolutionary MT4 trading platform offers liquidity and spreads that represent the entire FX market. Unlike rival firms using obsolete technologies, the systems are built on the latest technology.
Social trading: available via Autotrade (in partnership with myfxbook)
Spread types: floating
Average spreads of EUR/USD 1.5 pips
STP spreads on majors start from 0.5 pips plus $8 commission per standard lot
Currency pairs: 40
Expert advisors: allowed
Technical indicators: more than 50
Advanced charting: available
Automatic trading: available
Learning Material and Latest Promotions
Customer support: email, phone
PriorFX will bring you a highly personalised customer service experience. The team holds years of knowledge and expertise from the forex trading industry.
At the time of the review, the broker didn't offer any educational material or promotional bonuses to new or existing clients.
How was the rating of PriorFX performed compared to other brokers?
This 2020 Forex Broker Review has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on PriorFX FX broker performance and features.
Overall our online PriorFX review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online PriorFX or you find inaccurate details PriorFX broker review please get in touch with us and the changes will be applied.