Who hasn’t heard of the stock market or the forex market? Trading is certainly not a new concept; it has been around for decades, but technological advancement has just made it more accessible for people. With entire industries moving online, trading has done the same. The idea of online trading has made it easier for people to step into the market and try their luck as well. Since there are a horde of assets that can be traded, everyone is able to get a piece of the pie. Nonetheless, one important fact to remember is that you cannot do anything without a broker.
A broker is the only constant in the old and new form of trading because they have the trading platform and tools needed for it. Thus, the first thing you need to know, if you wish to trade is to find a reliable broker. This is crucial because not all brokers can be relied upon either. The market is brimming with brokers and every single one of them will claim to be good at their job. This can be extremely overwhelming and make it difficult for people to settle on one broker. During your search, PrimeCapitec is also one of the brokers you will find.
In fact, you will come across it repeatedly because it was established in March 2020 by Crewire Holdings Ltd and in this short period of time, it has managed to earn a positive reputation. This can be difficult to believe, but if you do your due diligence, you will realize it is the truth. But, if you have any doubts, it is best to take a close look at it to ease your fears:
An Overview of PrimeCapitec
As mentioned above, it was founded by Crewire Holdings Ltd, a company that’s fully registered in St. Vincent and the Grenadines. The broker’s own offices are located in Zurich, Switzerland and it specializes in CFD trading. It is primarily advertised as a forex and crypto brokerage, but it also has a range of CFDs to offer to its clientele, which means they don’t have to invest in the actual asset thereby reducing the risk. The broker’s website is available in English and it caters to all types of traders, whether novices or experts, through its offerings.
The Asset Index at PrimeCapitec
It is vital to check a broker’s asset index before you even think about registering with them. The good news is that PrimeCapitec has something to offer to everyone, thanks to their impressive variety. As mentioned earlier, their primary focus is on forex currency pairs and cryptocurrencies, but they haven’t stopped there. Yes, there are major, minor and rare currency pairs available and profitable and popular cryptocurrencies like Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash and Ethereum Classic can also be traded.
However, the broker has also chosen to give its clients the option of investing in Contracts for Difference (CFDs) on stocks in prominent companies, notable commodities, indices and bonds. This makes for a very impressive asset index, which can be great for newcomers who want to start with only a couple of assets and for those who want to diversify.
The Registration Process at PrimeCapitec
Signing up with PrimeCapitec is straightforward and quick, providing the perfect opportunity for traders to start right away. There is no need to wait for any kind of approval as you are registered instantly. Plus, there are no complications like heavy documentation that have to be met. Some basic details like name, email, phone number and location is required and then you can open an account.
The Account Types at PrimeCapitec
It is a common practice amongst brokerages to offer several account types to their clients. These accounts differ based on the features available, the deposit requirements and the risk tolerance of the traders. PrimeCapitec is different from other brokers because they have added some elaborate options rather than sticking to the standard three for newcomers, partially skilled and experienced and fully professional traders. They have come up with five account options, which start with Silver and move onto Gold, Platinum, Signature and VIP.
The deposit requirement varies for every account type, starting at $10,000 and going as high as $500,000. Some features are common in all counts like one-on-one training, 24/7 customer support and access to education center. However, some features are specific to accounts like trading signals, trading algorithms, credit line, private banking and more. Traders are free to choose an option they are comfortable with.
The Customer Support at PrimeCapitec
No matter what business it is, whether it is product-based or service-based, customer support is of the utmost importance. Traders encounter numerous issues during the trading process, or they might have questions about the broker’s features. Every second counts in trading and no one wants to wait for days to get a response. Understanding the urgency of the situation, PrimeCapitec has ensured that their clients have several ways to getting in touch with their representatives.
They have introduced an email option for non-urgent issues or customers can also fill out a web contact form on their website. If the problem requires immediate assistance, a phone number is given. Their agents are quite helpful, and their aim is to resolve the issues of the traders right away to provide them with a positive experience. To complete it, PrimeCapitec has also added an FAQ section where they have provided answers to questions commonly asked by brokers. If you can find your solution there, you don’t need to contact customer support at all.
PrimeCapitec has also added a detailed education center on their website for helping traders in expanding their knowledge and developing new strategies. They have a state-of-the-art trading platform to facilitate trading for their clients. They have also made an effort to strengthen their security infrastructure with proper security and privacy policies. Lastly, they have added a wide array of banking methods to simplify the process of deposits and withdrawals. Suffice it to say, you can enjoy the art of trading with PrimeCapitec.