D prime
Pros and Cons
Pros
- Regulated by multiple financial authorities
- Access to over 10,000 trading instruments
- Low spreads starting from 0.01 pips
- Maximum leverage up to 1:1000
- 24/7 dedicated customer support
Cons
- Limited educational resources for beginner traders
- Slow customer service response times
- Concerns about withdrawal issues
- High minimum deposit requirements for some accounts
- Not regulated in major financial jurisdictions like the US
Basic Information
User Reviews
D prime Overview
D Prime is a rapidly growing forex broker established in 2019 and headquartered in Vanuatu. The broker is regulated by several reputable authorities, ensuring compliance with industry standards and providing traders with a secure trading environment. D Prime’s regulatory status includes oversight from the Vanuatu Financial Services Commission (VFSC), which adds a layer of trust and credibility for traders looking for reliable forex brokerage services.
Is D prime Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Financial Services Commission (FSC) | Mauritius | Segregated Funds, Investor Compensation Scheme |
| Financial Services Authority (FSA) | Seychelles | Segregated Accounts |
| Vanuatu Financial Services Commission (VFSC) | Vanuatu | Segregated Funds |
| Australian Securities and Investments Commission (ASIC) | Australia | Client Money Protection |
Is D prime Regulated and How Are Client Funds Protected?
D Prime is a regulated broker operating under the oversight of multiple recognized financial authorities, including the Mauritius Financial Services Commission, Seychelles Financial Services Authority, Vanuatu Financial Services Commission, and the Australian Securities and Investments Commission. Each of these regulators mandates strict compliance and offers various investor protection measures, such as segregated accounts that ensure client funds are kept separate from the broker’s operational funds. This structure enhances client fund safety, providing an additional layer of security for investors. Furthermore, D Prime’s commitment to regulatory compliance reflects its dedication to maintaining high standards in financial operations and client trust.
Trading Products and Services
What trading instruments does D prime offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | EUR/USD, GBP/JPY, AUD/NZD | 60+ |
| Commodities | Gold, Silver, Crude Oil | Many |
| Indices | S&P 500, NASDAQ, FTSE 100 | Many |
| Stocks | Apple, Tesla, Alibaba | 300+ |
| Cryptocurrencies | BTC, ETH, XRP | Varies |
D Prime offers a diverse range of trading products, including Forex, commodities, indices, stocks, and cryptocurrencies. This variety allows traders of all levels—be they beginners seeking to learn or seasoned professionals looking for advanced strategies—to tailor their trading experiences. With over 60 Forex pairs and hundreds of stocks available, traders can effectively diversify their portfolios and explore various market opportunities. The inclusion of multiple asset categories not only enhances potential returns but also supports flexible trading strategies, catering to different investment goals and risk appetites. D Prime’s extensive product offerings ensure that users have the tools they need to navigate today’s dynamic markets confidently.
Account Types and Trading Conditions
What Account Types and Fees Does D prime Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Cent Account | Beginners | Low minimum deposit, suitable for small trades | Ideal for practice with small capital |
| STP Account | Most traders | Competitive spreads, no commission | Requires a minimum deposit of $100 |
| ECN Account | Professional traders | Tight spreads, direct market access, commission applicable | Minimum deposit of $5,000 required |
Account Opening Process
To open an account with D prime, follow these steps:
1. Visit the Official Website: Click on the “Register” button.
2. Fill Out the Registration Form: Provide your email, phone number, and create a password.
3. Verify Your Account: Enter the verification code sent to your email or phone.
4. Complete the Verification Process: Submit identification documents, including an ID and proof of address.
5. Select Your Account Type: Choose between Cent, STP, or ECN accounts.
6. Fund Your Account: Use various payment methods to deposit funds.
7. Start Trading: Once funded, log in to your trading platform and begin trading.
Note that you can upgrade to a professional account later if your trading volume increases.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (EUR/USD) | 0.8 | $0 (ECN: $10/lot) | Tight spreads for major pairs |
| CFDs (Stocks) | 1.5 | $0.05 per share | Variable based on stock volatility |
| Cryptocurrencies (BTC/USD) | 1.0% | $0.1 | Fees may vary with market conditions |
Other Fees
In addition to trading fees, D prime may charge the following:
– Deposit/Withdrawal Fees: Minimal fees may apply depending on the payment method used.
– Inactivity Fees: Accounts may incur fees after a specified period of inactivity.
– Platform Usage Fees: Certain platforms may attract additional charges.
– Overnight Interest (Swap Rates): Applicable on positions held overnight, rates vary by asset.
– Currency Conversion Fees: Fees may apply when trading in non-base currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does D prime Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MetaTrader 4 (MT4) | Windows, iOS, Android | Two-Factor Authentication, multiple order types, price alerts, technical indicators | Demo accounts, VPS |
| MetaTrader 5 (MT5) | Windows, iOS, Android | Advanced charting tools, one-click trading, economic calendar, price alerts | Demo accounts, VPS |
| D Prime InTrade | Web, iOS, Android | Secure login, fast execution (0.05s), real-time market data, social trading | API access, demo accounts |
| TradingView | Web | Charting tools, social trading features, custom alerts | API access |
The D Prime trading platforms offer a variety of tools tailored to different trading needs. MT4 is suitable for those who prefer a reliable standard for forex trading, while MT5 extends capabilities for multi-asset trading with enhanced features. D Prime InTrade provides quick execution and user-friendly access to a wide range of products, ideal for both mobile and desktop users. Additionally, TradingView enhances trading strategies with its advanced charting and social features, supporting collaborative trading efforts.
All platforms focus on secure logins, efficient order execution, and real-time alerts, ensuring that traders can operate effectively across devices. The provision of demo accounts and VPS services further enhances the trading experience, allowing users to refine their strategies and maintain uninterrupted trading sessions.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | Deposit: 1-3 days, Withdrawal: 1-5 days | Usually free, but banks may charge a fee (USD 15-30 for international wires) | Min Deposit: 100 USD, Max Withdrawal: 500,000 USD | USD, EUR, GBP, JPY, AUD |
| Credit/Debit Card | Deposit: Instant, Withdrawal: 1-3 days (after verification) | No platform fees; cash advance fees may apply | Min Deposit: 100 USD, Max Withdrawal: 10,000 USD/transaction | USD, EUR, GBP |
| E-wallets (PayPal, Skrill, Neteller) | Deposit: Instant, Withdrawal: Same day | No platform fees; e-wallet fees may apply (1-2%) | Min Deposit: 50 USD, Max Withdrawal: 10,000 USD/transaction | USD, EUR, GBP |
| Local Payment Methods (e.g., NganLuong, Pay4Broker) | Deposit: Instant, Withdrawal: 1-2 days | No platform fees; local fees may apply | Min Deposit: 10 USD, Max Withdrawal: Varies by method | Supports local currencies |
Withdrawals must return to the original payment method due to anti-money laundering (AML) and know-your-customer (KYC) requirements, ensuring traceable fund flows. First-time large withdrawals (typically over 2,000 USD) require identity documents (passport) and address proof (utility bill), with additional scrutiny for suspicious transactions.
Payment methods may vary by region; for instance, Southeast Asian users may prefer local bank transfers or NganLuong, while European clients often utilize SEPA transfers. Additionally, US users cannot use Skrill, and some Middle Eastern countries restrict PayPal use. Local advantages include zero-fee transfers offered by partner banks in Japan.
Cost Optimization Tips
- Small Deposits (<1,000 USD): Prioritize e-wallets or credit cards for instant, fee-free deposits.
- Large Deposits (>5,000 USD): Use bank transfers for a lower total cost despite slower processing times.
- Avoid Hidden Costs: Match deposit currency with your account’s base currency to avoid conversion fees.
- Multi-base Currency Accounts: Choose brokers with multiple base currency options to minimize cross-currency fees.
How to Withdraw
To withdraw funds, log into your account, navigate to the withdrawal section, select your payment method, enter the amount, and confirm the transaction. Ensure your account is fully verified to avoid delays, and be aware of the minimum withdrawal amount of 50 USD.
Customer Support
D Prime Customer Support Overview
Support Channels
- Email: Customers can reach out for support via email at en.support@dooprime.com. This method is ideal for detailed inquiries or issues requiring documentation.
- Live Chat: The live chat feature allows customers to get real-time assistance from support representatives. It is accessible directly on the D Prime website.
- Telephone: For immediate support, customers can call D Prime at +61 2 9128 0800.
- Social Media: D Prime maintains active profiles on various social media platforms to engage with customers and provide updates.
Service Availability
D Prime offers 24/7 customer support, ensuring that help is available whenever needed. Multilingual support is also provided, catering to customers in multiple languages, including English and Mandarin.
Additional Resources
D Prime enhances its customer support with a variety of educational resources, such as video tutorials, webinars, and market analysis. These resources are designed to help traders improve their skills and stay informed about market trends.
Frequently Asked Questions
D Prime employs advanced security measures, including Professional Indemnity Insurance (PII) to safeguard client assets. Additionally, client funds are kept in segregated accounts to ensure they are protected and easily distinguishable from the company’s operational funds.
D Prime offers competitive trading conditions, including flexible leverage, low spreads, and a variety of trading instruments across forex, commodities, stocks, and indices. Clients can benefit from fast execution times and a user-friendly trading platform, enhancing their overall trading experience.
D Prime adheres to strict regulatory standards and is licensed to operate in multiple jurisdictions. The company regularly undergoes audits and compliance checks to ensure that all operations meet the required legal and regulatory frameworks, protecting client interests and maintaining transparency.
D Prime provides a robust customer support system, including live chat, email support, and a comprehensive Help Center. Clients can access assistance 24/7, ensuring that their inquiries and concerns are addressed promptly and effectively.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.