PriorFX Rated 3/5

PriorFX Guide - Read our In Depth 2023 PriorFX Review

This PriorFX review was written by industry experts with over 20 years of financial experience in Forex.
*This content does not apply to US users.

Benefits of Trading with PriorFX

PriorFX Review 2023 Quick Summary
๐Ÿ’ฐ Min Deposit 50
๐Ÿ‘ฑโ€โ™‚๏ธ Used By 10,000 PriorFX users and traders
๐Ÿ“† Founded 2013
๐ŸŒ HQ Cyprus
๐Ÿ‘ฎโ€โ™‚๏ธ Regulation Cyprus Securities and Exchange Commission (CySEC)
๐Ÿšซ Excluded Countries PriorFX is not available in the following countries : US

Open PriorFX's Website

Your capital is at risk


learn more Learn more about IC Markets.
Losses can exceed deposits

What is PriorFX?

PriorFX are a worldwide financial trading platform and broker. founded in 2013

Over 10 years later PriorFX now serves over 10,000 retail investors Forex trading.

PriorFX are a global broker. PriorFX have a head office in Cyprus.

When trading in the financial markets, finding a broker that meets your needs can be very time-consuming.

We will dive deep in this PriorFX review and assess how well the PriorFX platform functions in its role as an international multi asset trading platform for traders in 2023.

Visiting many broker websites, all of which have different language uses. Technical language and terminology can be confusing with brokers like PriorFX. Choosing or shortlisting a trading platform like PriorFX can be time consuming. Choosing a trading platform requires a significant amount of research and analysis. It can be challenging to understand each platform's various features and benefits, especially with a complex trading platform like PriorFX.

As a result, selecting the right trading platform like PriorFX requires a deep understanding of the market, trading strategies, and platform functionality. The task becomes even more daunting when considering the vast number of online brokers like PriorFX available, each with unique features, fees, and regulations.

In such a complex landscape, finding a reliable and trustworthy broker like PriorFX requires thorough due diligence and careful consideration. Some PriorFX trading features can be complex when trading on mobile or using the PriorFX online trading platform. Beginners and inexperienced traders must take the time to learn how to use the PriorFX trading tools properly. In our review of PriorFX we explain the pros and cons. What PriorFX offer, countries PriorFX are available in. Who PriorFX are regulated by and more.

PriorFX Review Screenshot

When it comes to online trading with brokers like PriorFX, carefully review PriorFX as your broker can make or break your success. Choosing the right broker is essential to ensure your PriorFX investments grow and flourish. However, beware of fake and unreliable brokers lurking in the shadows, waiting to take advantage of unsuspecting traders.

You must be diligent and thorough in your PriorFX review selection process to safeguard your hard-earned money. It's crucial to do your due diligence and research the reputation, track record and trust worthyness of PriorFX. You must also ensure the PriorFX broker's profile, trading tools, fees and regulation aligns with your needs and goals.

Remember, PriorFX needs to be your partner in your trading journey.

Our team has endeavored to break down the complex world of trading with PriorFX into easily digestible information in this PriorFX review. We want to ensure you have all the knowledge necessary to use the PriorFX trading tools confidently, from depositing and withdrawing funds to executing trades.

We understand that informed decisions with PriorFX are the key to successful trading, so we've provided this detailed PriorFX review. So, take a seat, grab a cup of coffee, and dive in to learn about PriorFX and how it can benefit you or if PriorFX is not for you.

Online investing with PriorFX can be just as risky as traditional offline investments. Therefore, conducting thorough research on the company you plan to invest with is crucial. If considering trading financial assets with PriorFX, evaluating the PriorFX platform is important. Evaluation includes researching the PriorFX management team, track record, and services.

As a trader, you should feel confident that your financial investments are in good hands with PriorFX. That's why it's essential to understand the PriorFX company policies and practices before making any investment decisions. By doing your due diligence and understanding PriorFX platform, you can make informed investment choices that align with your financial goals. So take the time to research PriorFX thoroughly and make the most of your online investing experience.

We aim to provide you with all the information in this PriorFX review you need to determine if PriorFX is the right fit for you. But we don't stop there - we also offer valuable insights into other great alternatives to PriorFX, so you can make a more informed decision and compare other brokers against PriorFX.

If you want to look at some PriorFX alternatives that might better fit your needs, we list and compare some of the best PriorFX alternatives further down this PriorFX review.

Don't be fooled by the misconception that online trading is easy with PriorFX. It can be challenging and requires significant research and understanding of the PriorFX trading tools and features. You must know what you are doing when trading with PriorFX. That's why we've compiled this detailed PriorFX review with some important information that will hopefully make you more informed when online trading with PriorFX.

PriorFX Review Table of Contents

PriorFX review
PriorFX is a Multi-Assets Trading Platform with over 100+ Assets

Learn more about PriorFX. PriorFX is a multi asset platform with 100+ tradable Assets. Assets available on PriorFX include Forex.

PriorFX trades in multiple financial asset types. A financial asset is any security or asset that has financial value attached, tangible or intangible. This means that Forex are considered financial assets.

Features of PriorFX

PriorFX review
What you should know

PriorFX offer one way to trade: Forex. The assets and products available to you on the PriorFX trading platform depends on the region of the world, you are in and the PriorFX entity you have an account.

With PriorFX you will need a minimum deposit of $50. You can sign up for a demo account to acquaint yourself with PriorFX platform.

PriorFX are able to accommodate various levels of traders whether you are experienced or a beginner.

Are PriorFX safe?

When considering PriorFX for your trading activities, its financial regulatory status in your region is crucial. One of the primary considerations when evaluating a broker, such as PriorFX, is to assess the broker's regulatory status and administrative body. Brokers operating without supervision from a regulatory authority are free to make their own rules, which may pose a risk to investors. Any capital you invest is at risk.

Established in 2013, and in operation for 10 years PriorFX have a head office in Cyprus.

PriorFX is regulated. This means PriorFX are supervised by and is checked for conduct by the Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.

PriorFX withdrawal requests will be honoured. Brokers that operate under the supervision of regulatory authorities like PriorFX are subject to strict guidelines that prohibit them from manipulating market prices to their advantage. Regulatory oversight ensures brokers operate with integrity, fairness, and transparency, safeguarding investors' deposits. PriorFX are held accountable for their actions and may face severe consequences if they violate any financial regulations. If you are a client of PriorFX and wish to withdraw funds from your account, you can rest assured that your request will be processed promptly. PriorFX has a reputation for efficient and reliable fund transfers, and they take great care to ensure that your money is safe and secure. When you submit a withdrawal request, PriorFX will verify your account details and process the payment within the stipulated timeframe, usually within a few business days. By partnering with a trustworthy broker like PriorFX, you can enjoy peace of mind and focus on your trading activities without worrying about the safety of your funds. If PriorFX violate any regulatory rules their regulated status could be stripped.

Your capital is at risk

Is my money safe with PriorFX?

All payments made to PriorFX by traders are securely held in a segregated bank account.

PriorFX uses Tier 1 banks for increased security. These banks are deemed the most reliable for client capital due to their strong core capital reserves and ability to withstand losses.

What are Tier 1 banks and why should PriorFX use them?

PriorFX partnering with Tier 1 banks offers reliability, efficient payment processing, reduced counterparty risks, and better protection for client funds. These banks are the most financially stable and secure institutions globally, with robust financial strength and high-quality risk management practices. They hold substantial core capital reserves, making them capable of handling unexpected losses and market volatility without endangering their PriorFX clients' funds.

PriorFX clients can have greater confidence in their financial security when working with a Tier 1 bank because PriorFX are subject to strict regulatory oversight and must adhere to stringent guidelines to maintain its Tier 1 status.

What does it mean to have your funds in PriorFX deposited in a Tier 1 bank?

Depositing funds with PriorFX ensures that your money is held in a secure bank account with sufficient capital to meet your withdrawal requirements, even if PriorFX were to go out of business unexpectedly.

Based on the information presented, it is safe to conclude that PriorFX is a secure and safe platform.

Please be aware that trading in financial assets with PriorFX carries a risk of loss. PriorFX trading risk can occur due to inadequate market research, lack of experience, or failure to use the platform tools. It is common to experience rapid losses when trading financial investments like Forex due to market volatility. Therefore, you should only risk trading when you understand that your capital is at risk at any time.

PriorFX emphasizes this risk on its platform and provides clear risk warnings - Your capital is at risk. After answering some important questions about PriorFX, let's closely examine its features.

To better understand the PriorFX trading platform, you can create two separate accounts - one with real money and the other a PriorFX demo account. A PriorFX demo account provides a risk-free environment for experimenting with the PriorFX platform's features and trading strategies before risking your actual funds. This approach can help you gain experience and confidence in PriorFX trading decisions.

Open a demo account Visit PriorFX

Your capital is at risk

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

How PriorFX as a Company Compare Against Other Brokers

Broker PriorFX IC Markets Roboforex eToro
Year Established 2013 2007 2009 2007
Head Office Cyprus Australia Cyprus Cyprus, UK
Regulation Cyprus Securities and Exchange Commission (CySEC) Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC)
Used By 10,000+ PriorFX users 180,000+ IC Markets users 1,000,000+ Roboforex users 30,000,000+ eToro users
Negative balance protection Yes Yes No Yes
Guaranteed Stop Loss No No No No
Learn More Visit PriorFX Visit IC Markets Visit Roboforex Visit eToro
Risk Warning Your capital is at risk Losses can exceed deposits Losses can exceed deposits 79% of retail investor accounts lose money when trading CFDs with this provider.

PriorFX review
PriorFX Pros and Cons

What we like about PriorFX

  • Used by over 10,000 PriorFX users and traders
  • Established in 2013
  • Regulated by Cyprus Securities and Exchange Commission (CySEC)
  • Min. deposit from $50

What we don't like about PriorFX

PriorFX review
PriorFX Regulation and Licensing in more detail

PriorFX is regulated by trusted organizations, providing recourse for any issues. Regulatory bodies protect traders through reimbursement schemes in case of PriorFX going into insolvency. PriorFX compliance with rules and criteria set by regulatory authorities is mandatory for brokerage firms like PriorFX to maintain licenses and operate in certain jurisdictions. Financial regulation and licensing are crucial for creating a secure trading environment for PriorFX traders.

PriorFX is regulated, governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the brokers' behaviour, and they will take necessary action if things go wrong. Before trading online with a broker like PriorFX you should be sure they're legitimate online agent.

Is PriorFX Global?

Yes, PriorFX is global as PriorFX is available in over 194 countries.

PriorFX is a global trading platform in the sense that it operates in 194 countries including nations in Africa, Asia, Oceania, and Europe. Major countries PriorFX covers include the UK, Germany, South Africa, Thailand, China and Australia. PriorFX has a total of more than 10,000 users.

PriorFX review
PriorFX Fees Explained

  • PriorFX withdrawal fees varies on payment method
  • PriorFX does not charge a fee for inactive accounts.
  • PriorFX does charge deposit fees.

Modern brokers like PriorFX provide advanced online trading platforms, mobile apps, financial analysis tools and educational resources. These services require significant investment, and in turn, PriorFX may charge clients various fees for trading activities. Be mindful of these charges, impacting your overall PriorFX trading profitability.

How PriorFX Fees Compare Against Other Brokers

Broker PriorFX IC Markets Roboforex eToro
Min Deposit 50 200 1 50
Withdrawal Fees Varies No Yes Yes
Inactivity Fees No No No Yes
Deposit Fees Varies Varies No No
CFD Commission Fees Yes Yes No Yes

PriorFX Minimum Deposit

PriorFX requires a minimum deposit of 50 GBP/USD/EUR when opening an PriorFX trading account.

A minimum deposit is the minimum amount of money required by PriorFX to open a new online brokerage account with them.

Don't be scared off by brokers like PriorFX charging a minimum deposit to open a trading account. Brokers charging higher minimum deposits may offer additional premium services on their platforms that are not free on other platforms.

In the trading world, brokers like PriorFX, have different minimum deposit requirements based on the target audience they are trying to attract. Brokers with lower minimum deposit requirements typically cater to a more mainstream audience who don't require advanced research tools or features. On the other hand, brokers that require a larger minimum deposit often provide a greater range of trading features, more in-depth technical analysis, research tools, and better risk management features.

Some brokers may waive the minimum deposit requirement to attract new customers but may compensate for it by charging higher transaction commissions and trading fees. As the online trading market becomes more competitive, brokers have reduced their minimum deposit requirements to attract new clients.

However, it's important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD. Therefore, it's essential to research and compares different brokers to determine which best suits your trading needs and budget.

PriorFX Withdrawal Fees

The fees for withdrawing funds from your PriorFX account will differ depending on your chosen payment method. Reviewing the fees associated with each payment method before making your PriorFX withdrawal request is important.

PriorFX Withdrawal rules may vary across different brokers when it comes to transferring funds from your PriorFX or other broker trading account. Each brokerage firm has its specific withdrawal methods. The payment provider associated with PriorFX may have different transfer processing fees and processing times, affecting how long it takes to receive your funds.

In addition, currency conversion fees may apply if the PriorFX withdrawal and receiving currencies differ, adding to the overall transaction costs. The currency conversion fee depends on your base currency, receiving currency, and the 3rd party payment provider that is separate from PriorFX. Researching and comparing PriorFX withdrawal policies and fees across different brokers is essential before choosing one, especially if you are withdrawing PriorFX funds frequently or dealing with large sums of money. Awareness of these PriorFX fees and policies can help you plan and budget accordingly and avoid any unpleasant surprises when transferring your PriorFX funds.

For example, PriorFX allows you to withdraw your funds to Credit cards, Bank Transfer, American Express, Neteller, WebMoney, UnionPay, QIWI, Debit cards, Payoneer.

PriorFX Inactivity Fees

PriorFX does not charge a fee for inactive accounts.

When a trading account goes unused for a certain period, brokerage clients may be charged an account inactivity fee. To avoid such fees, clients may need to fulfill specific trading activity requirements outlined by PriorFX terms and conditions. It's important to note that inactivity fees are not unique to online trading accounts, as many financial service companies may also charge them.

Make sure you're fully aware of all PriorFX fees and services. It's recommended that you check the PriorFX website before signing up. If you decide to close your PriorFX account, it's important to do so with the PriorFX broker customer support and obtain confirmation that no remaining PriorFX fees are due.

Brokers like PriorFX must disclose any inactivity fees as part of their regulations. The type of account and broker you sign up for, will determine whether or not you can be charged an inactivity fee under certain circumstances.

Certain brokers may levy inactivity fees to recoup the expenses associated with sustaining your account on their trading platforms when there is a shortage of commission fees earned from your trading activities.

PriorFX Deposit Fees

PriorFX do charge deposit fees.

Reviewing deposit fees before initiating a transaction is imperative, as certain brokers might impose a charge for depositing funds from your payment method to your trading account. The payment method employed for funding your account might also incur a fee.

Depositing funds into your trading account may incur a fee, which could vary depending on the fiat currency used. For instance, depositing funds from a credit card can attract high fees. Additionally, not all brokers accept credit card payments for account funding. It's crucial to review the funding options and associated fees the broker provides before depositing any funds.

PriorFX Commission Fees

PriorFX does charge commission on CFD instruments.

Brokerage firms like PriorFX may charge commission fees as compensation for executing trades on behalf of traders on their trading platforms. Commission fees can vary depending on the type of financial asset being traded and the PriorFX trading account level held by the trader.

PriorFX may charge commission fees for fulfilling, modifying, or canceling an order on behalf of its clients. However, if a market order is not fulfilled, no commission fee is usually charged. Reviewing PriorFX terms and conditions to understand the commission fees and any other charges that may apply is essential.

PriorFX review
What can you trade with PriorFX?

It's essential to note that the trading instruments offered under the PriorFX brand may vary depending on the customer account holder and country of residence due to regulatory restrictions. Besides, the trading platform the customer selects may also impact the available trading instruments. Therefore, before trading, verify the PriorFX trading instruments available and the regulations governing them based on your account holder, location, and chosen platform.

You can trade a wide variety of instruments with PriorFX over 100 instruments in fact.

If you want to trade currency pairs on global Forex markets, PriorFX offer over 30 currency pairs.

Compare PriorFX with IC Markets and Roboforex below.

Your capital is at risk

How PriorFX Trading Options Compare Against Other Brokers

Broker PriorFX IC Markets Roboforex eToro
Instruments Available 100 2250 100 5000
Platforms MT4, Mac, Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps
FX / Currencies        
Forex pairs offered 30 61 35 50
Major Forex pairs Yes Yes Yes Yes
Minor Forex pairs Yes Yes Yes Yes
Exotic Forex pairs Yes Yes Yes Yes
Cryptocurrencies (availability subject to regulation) No Yes No Yes
Commodity CFDs        
Commodities Offered 5 20 21 31
Metals Yes Yes Yes Yes
Energies No Yes No Yes
Agricultural No Yes No Yes
Indiced & Stock CFDs        
Stocks Offered 0 2100 0 2042
UK Shares No Yes Yes Yes
US Shares No Yes Yes Yes
German Shares Yes Yes Yes Yes
Japanese Shares Yes Yes Yes Yes
Risk Warning Visit PriorFX
Your capital is at risk
Visit IC Markets
Losses can exceed deposits
Visit Roboforex
Losses can exceed deposits
Visit eToro
79% of retail investor accounts lose money when trading CFDs with this provider.

PriorFX review
Trading on PriorFX web platforms and other applications

PriorFX offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers.

A PriorFX iOS or Android native App on your phone or tablet will Work quicker Than the Avatrade Website on the same device.

PriorFX also offer mobile apps for Android and iOS trading apps help you stay on top of your trades and execute them on the go.

See PriorFX's platforms

Is the PriorFX Trading Platform Secure?

You should take the security of your personal information seriously and check SSL encryption is enabled on the PriorFX trading platform to protect you on PC and mobile PriorFX platforms. To further enhance security, we encourage traders to always look for the lock sign on their browser when using PriorFX web trading platforms.

PriorFX Trading Platform Options

After logging into your PriorFX account, you'll find a range of trading platform options available below.

  • MetaTrader 4 (MT4)

Please be aware that PriorFX does not currently support the MetaTrader 5 (MT5) trading platform. However, if you're looking for a broker that does offer MT5, you can check out our list of recommended brokers available through the provided link.

PriorFX does not support the cTrader trading platform. However, if you're looking for a broker that does offer cTrader, you can explore other options available through the provided link.

Let's explore each of these trading platforms in detail and what options PriorFX gives you.

PriorFX review
PriorFX MetaTrader 4 (MT4)

PriorFX MetaTrader 4

MetaTrader 4, commonly known as MT4, has been a well-known and widely used trading platform in the financial markets since its inception in 2005. MT4 on PriorFX offers traders comprehensive features and tools to enhance their trading performance. The PriorFX MT4 user-friendly interface and highly customizable trading environment allow traders to tailor the PriorFX platform to their needs. One of the standout features of MT4 is its charting functionality, which allows PriorFX traders to analyze price movements and make informed trading decisions. Additionally, advanced order management tools give PriorFX traders greater control over their trades, allowing them to manage risk better and optimize their trading strategies on the MT4 PriorFX trading platform.

MetaTrader 4 (MT4) was created mainly for Forex trading, but it can also facilitate the trading of other financial instruments via CFDs and Spread Betting. You cannot trade real assets like stocks, shares, commodities, indices and ETF's on the PriorFX MetaTrader 4 (MT4) trading platform. MT4 is a platform available with PriorFX, that facilitates trading financial instruments in the form of CFD contracts or Spread bets. The PriorFX MT4 platform does not provide access to physical assets such as stocks, commodities, or ETFs for trading. PriorFX allows trading CFDs and Spread bets, which do not involve owning underlying assets but speculating on price movements, using high risk leverage. To gain more information about the MT4 Platform, click here.

You can start using the MetaTrader 4 platform with PriorFX in multiple formats including through an online web platform, Through a downloadable application for Windows PCs and Apple Macintosh computers. PriorFX MetaTrader 4 is compatible with the latest macOS. PriorFX allows traders to trade on mobile devices through Android and iOS devices like the iPhone.

Metatrader 4 Webtrader on PriorFX

MetaTrader 4 (MT4) is a widely used trading platform in the world, offering a range of advanced tools and features. Recently, MT4 has been made available as a web-based application through a web browser, enabling traders to access the platform from anywhere.

The web version of MT4 provides the same user-friendly interface and customizable trading environment as the desktop version. With MT4 web, traders can access advanced charting tools, online trading indicators, and a Dealing Desk-free trading environment.

Additionally, traders can enjoy Raw Pricing without any intervention from brokers. Overall, MT4 web is a convenient and efficient way for traders to access the platform and manage their trades.

Trade PriorFX MetaTrader 4 on iOS Devices

You can download the PriorFX app or trade with PriorFX through the MetaTrader 4 application on the Apple app store.

Download the Metaquotes MetaTrader 4 Program free of charge from Apple's App Store. PriorFX customers have instant access to the financial market and can completely manage a Portfolio on the go.

Trade PriorFX MetaTrader 4 on Android Devices

Millions of people worldwide use Android mobile devices and tablets, and PriorFX offers its clients access to the MetaTrader 4 platform on these devices. With the PriorFX MetaTrader 4 Android application, traders can monitor the financial markets and execute trades directly from their Android-based smartphones and tablets. This app provides access to a range of advanced trading features, allowing PriorFX traders to stay on top of their trades and react quickly to changes in the market. With the PriorFX MetaTrader 4 Android app, traders can securely manage their trades on the go, making it a convenient and efficient way to stay connected to the market.

Trade PriorFX MetaTrader 4 Trading Central

Trading Centrals Alpha Generation Indicators available on PriorFX are a powerful bundle of three major indicators designed to help traders make informed decisions. PriorFX MT4 Trading Central indicators include:

  • Analyst Perspectives - A valuable resource for traders seeking leadership insights and key levels.
  • Adaptive Candlesticks - This indicator is capable of identifying chart patterns that highlight significant changes in demand and supply.
  • Adaptive Divergence Convergence (ADC) - Similar to MACD, but with greater utility at shorter lengths, this indicator provides more timely signals.

Trading Centrals Alpha Generation Indicators can help PriorFX traders better understand market trends and patterns, enabling them to make more informed trading decisions. These indicators can provide valuable insights into market movements, allowing PriorFX traders to potentially stay one step ahead.

PriorFX MetaTrader 4 Advanced Trading Tools

The PriorFX MetaTrader 4 trading platform has advanced tools that enhance the overall trading experience and give PriorFX traders detailed market tools. With feature-rich trade execution and management programs, sophisticated notification alarms, messaging facilities, innovative market data, and more, PriorFX provides traders with everything they need to succeed. The PriorFX MT4 platform also includes a range of technical analysis tools, with 30 indicators built in, 2000 plus free indicators, and the availability of paid indicators, allowing PriorFX traders to analyze the market at any level of complexity.

Trade PriorFX MetaTrader 4 MultiTerminal

MetaTrader 4 MultiTerminal offers traders an intuitive and user-friendly dashboard to manage and monitor multiple trading accounts. This powerful tool allows traders to oversee over 128 accounts simultaneously, enabling them to place market and pending orders, view real-time market prices, and track all accounts and equity in real-time.

It's important to note that MultiTerminal only supports trading accounts on the same MetaTrader server and doesn't allow automated trading scripts such as Expert Advisors.

This tool is ideal for traders who manage several accounts simultaneously and require a more efficient and effective way to track and execute trades. You can have up to 10 demo accounts on MetaTrader 4 MultiTerminal.

PriorFX MetaTrader 4 AutoChartist

Autochartist on the PriorFX platform is a powerful tool designed to help traders find trading opportunities quickly and easily.

Available for PriorFX MetaTrader 4 Autochartist can scan the market using an expert advisor script.

With Autochartist, PriorFX traders can scan multiple markets and timeframes from a single graph, making it easy to keep track of all their preferred symbols without launching multiple graphs. Using Autochartist can save PriorFX users time and makes the trading process more efficient.

The Autochartist interface is user-friendly and can be customized to suit individual trading preferences. PriorFX traders can navigate the platform and find the information they need to make informed trading decisions.

PriorFX Autochartist is a valuable tool for traders who want to stay ahead of the curve and identify trading opportunities quickly and easily. With its powerful features and easy-to-use interface, Autochartist is an essential tool for PriorFX traders of all experience levels.

PriorFX Trading benefits

  • PriorFX Allows scalping
  • PriorFX Allows hedging
  • PriorFX Offers STP
  • PriorFX Low min deposit
  • PriorFX Offers Negative Balance Protection

PriorFX Trading Accounts Offered

Below we give an overview of the account types that PriorFX offer. Whatever you are looking to trade, the varying PriorFX account types will be able to provide you with what you need.

  • PriorFX Demo account
  • Micro account
  • PriorFX Mini account
  • PriorFX Standard account
  • PriorFX Zero spread account
  • PriorFX STP account
  • PriorFX Managed account
  • PriorFX Islamic account

Can I try PriorFX?

PriorFX provides a demo account that enables individuals to explore trading before investing their funds. By creating a PriorFX practice account, users can gain experience and knowledge of how to trade effectively. Demo trading accounts like the PriorFX demo account can help individuals to make informed decisions before investing their money.

Open a demo PriorFX account to practice and trade.

Your capital is at risk

PriorFX withdrawal and funding methods

It's essential to remember that the payment methods provided by PriorFX vary based on the PriorFX entity and the PriorFX client's country of residence. To view the PriorFX payment options available, you can log into your PriorFX member's area.

PriorFX offers various funding payment methods listed in your PriorFX dashboard if available in your region. To learn more about the PriorFX funding and withdrawal options available in your area, you can explore the PriorFX website.

PriorFX provides several payment methods for funding your PriorFX account. You may utilize any of these deposit options if they are available in your region. PriorFX ensures that users have multiple payment methods to choose from, making it more convenient for verified PriorFX account holders to add funds to their accounts. However, it's important to note that the availability of payment methods may vary depending on the PriorFX user's location. learn more about PriorFX funding and withdrawal methods.

PriorFX Payment Methods

Some PriorFX payment methods are local and are available only to specific regions. PriorFX account holders should check which payment methods are provided in your region.
  • PriorFX accepts Credit cards
  • PriorFX accepts Bank Transfer
  • PriorFX accepts American Express
  • PriorFX accepts Neteller
  • PriorFX accepts WebMoney
  • PriorFX accepts UnionPay
  • PriorFX accepts QIWI
  • PriorFX accepts Debit cards
  • PriorFX accepts Payoneer
Broker PriorFX IC Markets Roboforex eToro
Bank transfer Yes Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal No Yes No Yes
Skrill No Yes Yes Yes
Payoneer Yes No Yes No
Neteller Yes Yes Yes Yes

*please note available PriorFX and other broker payment methods depend on the clients country of residence.

How can I start trading with PriorFX?

To open a trading account with PriorFX, individuals can sign up on the PriorFX website. Upon completing the signup process, users will receive login details via email, which they can use to access their accounts.

The next step involves submitting identification documents for PriorFX account validation and making a deposit. Once completed, PriorFX users can download the trading platform of their choice.

It's important to note that PriorFX requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks. These checks are a standard practice that helps PriorFX maintain a trustworthy financial environment for its 10,000 users. Detailed information on the PriorFX trading platforms is available on their website.

Your capital is at risk

Performing trades with PriorFX

When using PriorFX, the minimum trade size is typically 0.01 Lot units of the base currency of the instrument being traded. However, this amount may vary based on the specific account a user has opened. PriorFX have a max trade of 10,000 Lot. With STP execution on the PriorFX platform, traders can anticipate tighter spreads and greater transparency when it comes to trade pricing.

One of the PriorFX platforms notable features is its claim of having no requotes, which means traders need not be concerned about slippage when executing trades (i.e., trades being executed at a price different from the intended price). No requotes can provide PriorFX traders with greater confidence and peace of mind when trading on the PriorFX platform. It's worth noting, however, that other factors, such as market volatility and liquidity, can still affect the execution of PriorFX trades.

Like other brokers, PriorFX margin requirements can differ depending on the traded instrument.

PriorFX offers traders several risk management tools and features, such as Technical analysis, Fundamental analysis, Diversification of portfolio, Negative Balance Protection, Stop losses (with trailing stop loss orders), Position sizing techniques, Price alerts, Position sizing techniques, Limit orders, Hedging strategies, amonst others. You can learn more about PriorFX, and see all of the PriorFX account features on the official PriorFX website.

Limiting Your Risk When Trading with PriorFX Negative Balance Protection

Negative balance protection is important for traders using leverage on platforms like PriorFX. In an unfavourable market move, leverage can result in a loss that exceeds the trader's account balance, leaving them with a negative account balance. If a PriorFX trading position does not go in your favour, this is where negative balance protection comes in handy.

Brokers regulated by the Financial Conduct Authority (FCA) must offer negative balance protection as a standard feature. With negative balance protection, PriorFX trading losses are always limited to the current balance of funds in the trader's account.

Even if an PriorFX trader experiences a significant loss, they will never owe more money than what is available in their PriorFX account balance.

It's important for PriorFX traders to understand the potential risks of trading with leverage and to take advantage of features like negative balance protection to mitigate those risks. By doing so, traders can trade with peace of mind, knowing that PriorFX losses are limited to the funds available in your PriorFX account when negative balance protection is in place.

Limit Risk When Trading with PriorFX Stop Loss, PriorFX Stop Limit Orders

Stop-loss orders are a popular risk management tool traders use on platforms such as PriorFX . By setting a specific price point for buying or selling a security, traders can limit their potential losses on a position.

Stop-loss orders are especially important for PriorFX traders not hedging their positions or using leverage, as they can be more vulnerable to significant losses. However, the circumstances in which an PriorFX trader should use a stop-loss order can vary depending on the specific trade and market conditions.

Overall, stop-loss orders can provide PriorFX traders with an effective way to manage risk and protect their investments in volatile markets.

Education Resources at PriorFX

To trade effectively with PriorFX, it's important to have a good understanding of the PriorFX trading tools and the markets. Make sure you make full use of all education tools. Including educational tools with PriorFX and externally.

PriorFX . It's essential to take the time to learn about the financial markets and understand how they move before diving into trading with PriorFX. Familiarizing yourself with the PriorFX trading platform is crucial to use it effectively.

While learning, you can also use global trading times to practice making live buy or sell trades using PriorFX. This hands-on experience can help you gain confidence and become more comfortable with trading.

Furthermore, learning how to mitigate and manage investment risk is crucial. Trading with PriorFX involves developing a strategy considering risk management techniques such as stop-loss orders, diversification, and position sizing. By effectively managing risk, you can increase your chances of success in the markets.

Learning about the financial markets, trading platforms like PriorFX, and risk management techniques can help you become a more confident and successful trader.

Take an analytical approach to trading with PriorFX. Explore the PriorFX platform and train yourself to think systematically and logically about the markets.

While it may be a new skill set for some, it is what the market requires for success. Developing your trading skills with PriorFX, before live trading.

Customer Support at PriorFX

As part of our PriorFX review, we review customer service options, response times and problem resolution effectiveness on the PriorFX trading platform. The PriorFX trading platform supports multiple languages, which includes English, Russian, German, Hungarian, and Arabic.

PriorFX have a double AA grade support rating because PriorFX offer live chat and email support in multiple languages.

Livechat Support at PriorFX

Our experience with the PriorFX live chat was positive. We received a response within 30 seconds of sending a message through their app and website. Overall, great live chat support from PriorFX.

We tested communicating with PriorFX customer support in multiple languages and countries. PriorFX made an effort to resolve the issues we had.

Email Support at PriorFX

PriorFX does not offer Email Support.

Phone Support at PriorFX

Our experience with PriorFX phone support was positive. The team answered the call in under 5 minutes and successfully resolved our queries over the phone. We appreciated their efforts in catering to multilingual support. Overall, a great phone support experience with PriorFX.

See how PriorFX Support Compares Against Other Brokers

Broker PriorFX IC Markets Roboforex eToro
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, Russian, German, Hungarian, and Arabic English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian English, German, Spanish, French, Italian
Learn More Visit PriorFX Visit IC Markets Visit Roboforex Visit eToro
Risk Warning Your capital is at risk Losses can exceed deposits Losses can exceed deposits 79% of retail investor accounts lose money when trading CFDs with this provider.

What you will need to open an account with PriorFX

As PriorFX is regulated by Cyprus Securities and Exchange Commission (CySEC).

As a new client of PriorFX, you will be required to pass a few basic compliance checks to ensure that you fully understand the risks involved in trading and are permitted to trade with PriorFX in your region. During the PriorFX account opening process, you will be asked to provide PriorFX with certain documents, including a scanned copy of your passport, driving license or national ID, as well as a utility bill or bank statement from the past three months to verify your address.

When registering with PriorFX have the following documents available.

  • PriorFX require a scanned colour copy of your passport, driver's license or national ID card.
  • A recent utility bill or bank statement that confirms your residential address for PriorFX compliance. This must be dated within the last six months.
  • If you plan to fund your PriorFX account using a credit or debit card, you will need to provide a scanned copy of the front and back of your card. You can mask any sensitive information like the CVV code on the PriorFX platform.

It's worth noting that the expiration date of the proof of address document may differ for different entities under PriorFX Brand. Additionally, you will need to answer some basic compliance questions to confirm your level of trading experience. This process usually takes around 5 minutes, and once you've passed compliance, you can start exploring PriorFX's platform.

However, remember that you won't be able to make trades on PriorFX until you have passed compliance, which may take several days, depending on your circumstances. It's essential to complete the PriorFX KYC compliance process as soon as possible to avoid any delays in accessing the PriorFX platform's features.

It is important to note that PriorFX may request additional documents or information to verify your identity or comply with regulations. The account opening process usually takes a few minutes to complete, and you can start exploring the PriorFX platform and features immediately. However, you must pass the verification process to start live trading with PriorFX, which can take up to a few business days.

To start the process of opening an account with PriorFX you can visit the PriorFX trading platform here.
Your capital is at risk
You should consider whether you can afford to take the high risk of losing your money.

CFDs are leveraged products and can result in significant losses, excess of your invested capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered investment advice. All information collected from https://priorfx.com/ on March 22, 2023.

Is PriorFX A Good Broker?

We have spent over 5 years examining PriorFX in depth. Although we found some very useful aspects of the PriorFX platform that would be useful to some traders. We feel that a alternative to PriorFX may better suit you.

  • PriorFX have a good track record of offering Forex.
  • PriorFX has a history of over 10 years.
  • PriorFX has a reasonable sized customer support of at least 10.
  • PriorFX are regulated by the Cyprus Securities and Exchange Commission (CySEC). PriorFX is subject to strict regulatory oversight from its respective jurisdiction, which holds PriorFX (the broker) accountable for misconduct. This regulatory framework helps ensure that PriorFX operates fairly and transparently and provides PriorFX customers with a safe and secure trading environment. In any disputes, the regulatory body may also act as an arbitrator to help resolve issue between you and PriorFX.
  • PriorFX have regulation from reputable regulators.
  • One of the advantages of using PriorFX is the quick processing time for deposits and withdrawals, which typically takes only 2 to 3 days. Fast withdrawals from PriorFX are particularly important as PriorFX traders want to receive their money quickly. With the efficient PriorFX payment processing system, traders can enjoy faster access to their PriorFX funds.
  • PriorFX have an international presence in multiple countries. Including local PriorFX seminars and training.
  • PriorFX can hire people from various locations in the world who can better communicate in your local language.

PriorFX Risk Disclosure

Your capital is at risk

Trading Risk Disclaimer

Trading financial instruments such as cryptocurrency and foreign currency markets involves high risk and is unsuitable for everyone. When trading on leverage, the potential for loss is significantly higher than when dealing with just your funds. Risky trading leverage allows you to control larger positions with less capital, increasing both the potential for profit and loss.

You will be exposed to a high risk of loss regarding leverage and margin-based trading.

Furthermore, some off-exchange financial instruments and derivatives may offer varying leverage levels and may not be subject to the same regulatory protections as exchange-traded instruments. As a result, they may be subject to higher levels of market volatility and carry a higher degree of risk.

It is important to note that no investment product, technique, or strategy can guarantee profits, and past performance does not necessarily indicate future results. Any investment involves the possibility of financial loss, and it is important to carefully consider your investment objectives, risk tolerance, and financial situation before making any investment decisions.

Trading financial instruments is a high-risk activity that requires careful consideration and risk management. It is important to be aware of the potential for loss and to only invest what you can afford to lose.

PriorFX not quite right?

If after reading this PriorFX review, PriorFX does not fulfill your needs check out these PriorFX Alternatives.

Click here to view the best PriorFX Alternatives

We have spent years researching the best alternatives to PriorFX. Click the links below to learn more.

After extensive research over several years, we have compiled a list of the most effective PriorFX alternatives available today. If you are unsatisfied with PriorFX or want to explore other options, we recommend checking out our carefully curated list of highly-rated PriorFX alternatives. Follow the links below to learn more about these PriorFX broker alternatives and choose the one that best suits your trading needs.

Related PriorFX Vs Comparisons

Throughout our comprehensive PriorFX review, we have covered a lot of ground and provided an in-depth analysis of the platform's features and functionality.

If you're interested in comparing PriorFX against other popular brokers in the industry, check out our PriorFX Vs pages. Our team has compiled a series of detailed PriorFX comparison articles, pitting the PriorFX platform against some of the best-rated PriorFX competitors in the market. Dive into our informative PriorFX Vs pages below to find out how PriorFX stacks up against other leading brokers.

PriorFX review
PRIORFX Frequently Asked Questions

Read our detailed PriorFX FAQ Section updated for 2023.

Can I try PriorFX?

PriorFX offer a demo account so you can try the PriorFX platform with virtual trading before you put down a payment. Virtual trading with PriorFX is zero risk. Learn more here

What funding methods do PriorFX accept?

Please note that the list of payment methods below depends on the PriorFX Entity and the client's Country of Residence.

PriorFX offer the following funding payment methods Credit cards, Bank Transfer, American Express, Neteller, WebMoney, UnionPay, QIWI, Debit cards, Payoneer, among other payment methods.
Learn more here

Your capital is at risk

Is PriorFX safe?

PriorFX have over 10,000 users. PriorFX are considered reliable as they are regulated by and checked for conduct by the Cyprus Securities and Exchange Commission (CySEC). Any payments funded to PriorFX accounts by traders are held in a segregated bank account. For added security,PriorFX use tier-1 banks for this. Tier 1 is the official measure of a bank's financial health and strength.Trading with PriorFX is risky, and because the market is so volatile, losses could happen at any time.

Your capital is at risk

Is PriorFX trading good?

PriorFX is considered good and reputable to trade with PriorFX. PriorFX is used by over 10,000 traders and PriorFX users. PriorFX offers Forex trading. Minimum deposit with PriorFX is 50.

Is PriorFX trading Legit?

PriorFX was founded in Cyprus in 2013. PriorFX has been facilitating trade on the financial markets for over 10 years. PriorFX offers clients Forex trading. All funds deposited to PriorFX are held in segregated bank accounts for security. PriorFX is regulated by Cyprus Securities and Exchange Commission (CySEC) so can be considered legit.

Is PriorFX a good broker?

PriorFX allows Forex trading. PriorFX is overseen by the top tier financial regulators Cyprus Securities and Exchange Commission (CySEC) so can be considered a good broker.

Is PriorFX trustworthy broker?

PriorFX is a reliable platform that can be considered trustworthy due to its strict regulatory practices. When you fund money to PriorFX, money is in a segregated bank account that is separate from PriorFX company's funds. As a regulated broker, PriorFX cannot directly access your funds, which minimizes the risk of misappropriation or fraudulent activity by PriorFX. Instead, your PriorFX funds are held securely in a separate account designated for your investments, providing protection and peace of mind when trading with PriorFX. Also PriorFX is regulated in its local jurisdictions including major financial regulators like Cyprus Securities and Exchange Commission (CySEC).

What is the minimum deposit for PriorFX?

The minimum deposit to trade with PriorFX is 50.

How long do PriorFX withdrawals take?

Withdrawing money from PriorFX processing time varies depending on the method but averages 1-5 days.

Is PriorFX regulated?

PriorFX is regulated by the Cyprus Securities and Exchange Commission (CySEC). Regulatory bodies conduct regular reviews and audits as part of PriorFX maintaining their regulatory status. You can learn more about these reviews on the regulator websites.

Is PriorFX a market maker?

PriorFX is a market maker. Stocks, currency and other commodities and instruments will be brought or sold by PriorFX even if no buyer or seller is lined up.

How can I start trading with PriorFX?

When opening a trading account with PriorFX, you will need to sign up here. After completing the necessary steps of receiving login details via email, submitting identification documents for account validation, and making a deposit, the next step is downloading the preferred trading platform. For detailed guidance on PriorFX trading platforms, you can follow the link provided below: Learn more about signing up with the PriorFX trading platform here. This will provide useful information and insights into the various trading platforms offered by PriorFX, enabling you to make an informed decision about which platform to choose for your trading needs.

Is my money safe with PriorFX?

Yes your money is safe with PriorFX.

Overall, strict financial regulation is essential for ensuring that trading platforms like PriorFX operate fairly, transparently, and responsibly, which ultimately benefits all PriorFX stakeholders involved.

Trading platforms like PriorFX must have strict financial regulation for several reasons:

  • Protecting PriorFX Investors: Strict financial regulation ensures that investors who use the PriorFX trading platform are protected against fraudulent or unethical behavior by the PriorFX platform or its employees. Financial regulation can help to prevent investors from losing their money due to dishonest practices by the PriorFX platform.
  • Maintaining PriorFX Financial Stability: Strict regulation helps maintain the financial system's stability by preventing excessive risk-taking when using the PriorFX trading platform. Regulatory procedures reduce the likelihood of the PriorFX platform experiencing financial difficulties or failing, which could have ripple effects throughout the financial system.
  • Enhancing PriorFX Transparency: Regulations require trading platforms like PriorFX to maintain detailed records and disclose PriorFX client information. Financial regulatory requirements enhances transparency and helps to build trust between the PriorFX platform and its investors.

PriorFX is regulated by the Cyprus Securities and Exchange Commission (CySEC). When selecting a broker such as PriorFX, one of the most critical factors to consider is the broker's regulatory body and regulatory status. Unregulated brokers pose a direct risk to the security of their client's funds, as they operate without any oversight or regulation. In contrast, regulated brokers are subject to strict rules and regulations that prevent them from manipulating market prices or engaging in fraudulent activities. As a reputable broker, PriorFX ensures that withdrawal requests are processed promptly, demonstrating its commitment to transparency and accountability. However, brokers that violate regulatory rules can face the consequences such as losing their regulatory status in specific regions, highlighting the importance of working with a trusted, regulated broker for your trading needs like PriorFX.

Is PriorFX a con?

PriorFX is regulated and well established, having been in business for over 10 years. PriorFX is not a con.

Can you make money with PriorFX?

Although traders have had great success with PriorFX, trading on the financial markets with PriorFX is not a get-rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading, your chance of success will greatly increase. Never trade with money you cannot afford to lose. Your capital is at risk.

Does PriorFX have fees?

PriorFX withdrawal fees vary on payment method.PriorFX doesn't charge inactivity fees. PriorFX do charge deposit fees.

When was PriorFX founded?

PriorFX was founded in 2013.

How many people use PriorFX?

PriorFX is used by over 10,000 registered PriorFX users.

What is PriorFX Headquarters country?

PriorFX has its head quarters office in Cyprus .

Does PriorFX offer negative balance protection?

PriorFX offers negative balance protection. With Negative balance protection, traders cannot lose more money than they have deposited.

Does PriorFX offer guaranteed stop loss?

PriorFX does not offer guaranteed stop loss. With guaranteed stop loss protection, risk is managed. Traders are guaranteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

Does PriorFX allow scalping?

PriorFX offers scalping.

Does PriorFX allow hedging?

PriorFX offers hedging.

Does PriorFX offer CFD trading?

PriorFX does not offer CFD trading.

Does PriorFX offer STP?

PriorFX offers STP trading.

How many people use PriorFX?

PriorFX is used by over 10000 PriorFX users and traders.

Is PriorFX an ECN broker?

PriorFX does not offer ECN trading.

Does PriorFX offer a demo account?

PriorFX offers a demo account.

Does PriorFX offer an Islamic account?

PriorFX offers an Islamic account.

What are the funding methods for PriorFX?

Please note that funding methods and options available with PriorFX can be found in the PriorFX Members area and depend on the PriorFX clientโ€™s country of residence. Please check your specific available payment methods on the PriorFX website. PriorFX accept the following funding methods : Credit cards, Bank Transfer, American Express, Neteller, WebMoney, UnionPay, QIWI, Debit cards, Payoneer.

PriorFX review written by Andrew Blumer and Mark Hansen

We hope you found our review of the PriorFX brokerage firm useful.

This article was written by our financial editors, Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years of experience in financial analysis, forecasting, and financial modelling, identifying new market opportunities in Stocks, CFDs, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

PriorFX review written by Mark Hansen of Comparebrokers.co