Pros
  • Segregates client funds
Cons
  • Only 46 trading tools
  • Google regards the website as insecure one
  • $1,000 min deposit
  • English only

Company Information

Established in 2013, and in operation for 7 years Prior Capital have a head office in Cyprus. Specifically, they supply trading solutions and algorithmic systems for Forex, Stock Exchange, Futures, and Crypto. Prior Capital is regulated. This means Prior Capital is supervised by and is checked for conduct by the Cyprus Securities and Exchange Commission (CySEC) regulatory bodies. So, at least it is not a scum. However, we must add that Google regards the website as insecure one. Prior Capital is very specific in its policy of denying its service offerings to residents from the USA, Canada, Sudan, Syria, and North Korea. Apart from these jurisdictions, the broker does officially accept clients from all over the world, but there may be region-specific restrictions in countries that have a strong regulatory structure.

Markets

Prior Capital suggests to its customers over 46 different instruments to trade, including over 30 currency pairs. However, there are only three major asset classes.

● Сryptos
● Forex/CFD
● Securities

Trading accounts

The broker offers three main types of account, namely Standard, Pro and VIP accounts. There is also an opportunity to open an Islamic account option for each account type, as paying an interest is forbidden according to Islam. As such, Islamic trading accounts do not allow the account owner to earn and to pay interests. These accounts are also often referred as swap-free accounts. Let’s compare feature of three accounts.

  • STANDART
  • • Spreads – from 1.5 pips
    • Max leverage retail clients – 1:30
    • Max leverage pro clients – 1:200
    • Min lot size – 0.01 lots
    • Minimum deposit – 1,000$

  • PRO
  • • Spreads – from 0.8 pips
    • Max leverage retail clients – 1:30
    • Max leverage pro clients – 1:200
    • Min lot size – 0.01 lots
    • Minimum deposit – 5,000$

  • VIP
  • • Spreads – from 0.8 pips
    • Max leverage retail clients – 1:30
    • Max leverage pro clients – 1:200
    • Min lot size – 0.01 lots
    • Minimum deposit – 50,000$

Open an account

With Prior Capital you can open a new account through an online application form. It is an easy and very quick process. All you need is to provide basic personal information about yourself and to indicate your trading experience. After the application is approved, traders need to submit a copy of their ID, and proof of residency documents.

Minimum deposit

You can open an account with Prior Capital with a different minimum deposit. Simply put, a Standard account requires $1,000, a Pro account requires – $5,000, and a VIP one – $50,000 accordingly. It is worth mentioning that the first deposit for a Standard account is rather high in comparison with other brokers. Some novices may find this tricky and risky.

© Prior Capital website screen

Trading Platforms

Prior Capital offers the popular MT4 forex trading platform. If you are willing to find out more about the features of the platform, click here. For your information, the broker also offers mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you are on the move

Our verdict

To sum up, let’s highlight the following facts about this broker. Prior Capital is governed and supervised by reputable financial regulatory bodies. It also segregates its clients’ funds. It has a comparatively long trading experience – 7 years. It offers you to choose among three account types with different conditions. On the other hand, there are several disadvantages as well. It offers a limited range of trading instruments, as well as a limited range of assets. There is only one language available on the website. Besides, the website itself has some issues, as Google regards the site as an insecure one. The minimum deposit may be confusing for a beginner, as it requires $1,000. However, a professional trader may find this absolutely normal. So, we hope we helped you to make your final decision.

Prior Capital Details

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1.8 rating
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Esme Kay
Esme Kay
September 7, 2020 5:28 pm

Ok they have the lowest n tighest spread in the market, but so what?

High in commission charge.. very troublesome signing up process ( i used the same proof of residency for another broker and got approved), and the process took me 2 days

Well its fine, upon deposit, it need you to snap the photo of your card for approval, another 1 day waiting

Upon withdrawal to the same card, it took more than 48 hours! And it is still pending!! God damn what kind of broker is this?? After so many good reviews, i decided to give it a try but ended up a total disaster. Bye!!

Jac Singleton
Jac Singleton
August 29, 2020 11:21 pm

As I understand it, the company wants to sink. No connection. Moreover, for 1-2 hours.

Fintan Wright
Fintan Wright
August 12, 2020 12:15 pm

dont rush. wait. watch. learn. then trade.
also, withdrawal fee very high. and it takes too long

Katerina Whyte
Katerina Whyte
August 5, 2020 1:04 am

I gave this broker one start because trade execution is very good however once you click to buy/sell the trade opens instantly.

However, my main concern with this broker is that once I open a trade my account will freeze 80% of the time causing me to the trade or lose opportunities.

I realize that my account would freeze most times when the market is in momentum and the account will remain frozen until momentum reduces.

Once there is high volatility in the market your account will freeze with your open trades and though they have 24/7 customer service they take a few hours before they respond to your concerns.

Fabian Bentley
Fabian Bentley
July 26, 2020 5:04 pm

I made 300 deposit by palpay and make profit. When making withdrawl i was not allowed to withdrawl more than 300 using paypal.

They make thing difficult by asking me to only make withdrawl exceed 300 using bank transfer and they charge usd20 for every withdrawl.

Suckers…..

Giacomo Ware
Giacomo Ware
July 6, 2020 10:28 pm

Great. The best broker. Low Spreads. Only ECN I trust. Great platforms, very good service.

Alistair Cotton
Alistair Cotton
July 2, 2020 6:54 am

The same documents that were accepter by 4 reputed brokers were not considered by them.
their customer service is also very slow and vague

Hayden Mercer
Hayden Mercer
June 17, 2020 8:07 am

please take care this Broker is not legit and transparent
their Demo is perfect but when is come to Live Account they do a lot of things you don’t know and finally your account will destroy what ever you are new beginner or experienced trader

Mehmet Humphries
Mehmet Humphries
June 11, 2020 9:47 pm

this scam forex market are stealing peoples money coz once the market is going in buy and you go with market they stop the trade and go the opposite side so i suggest this people cant continue to be forex traders