Prime4x is a new Forex broker that started offering its services on-line in 2008 and its description was added to my site today. Prime4x offers MetaTrader 4 platform, CFD instruments to trade on, deposits via wire transfer and credit cards only and various bonuses. The minimum account size is $100 and all traders receive 10% bonus on their deposit. There is also a free promotional bonus $500 available on every new account, which can’t be withdrawn, but the profit earned from trading this bonus can be. Prime4x is based in Cyprus and although they are not currently regulated by any authority there, they claim to get the regulation by the Cyprus Securities Exchange Commission from the beginning of 2009. Trading is leveraged by 1:500 for mini accounts, 1:400 for standard accounts and 1:100 for institutional accounts. Apart from the retail Forex trading Prime4x offers managed accounts service.
The only problem with this Forex broker is their website. It’s completely unprofessional, features examples of some really awkward spelling and punctuation and also tries to resize the browser window with each page load.
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