Belfrics Prime

Overview of Belfrics Prime

Belfrics Prime is a regulated financial platform based in Malaysia t. In terms of market instruments, Belfrics Prime provides access to various financial assets, including over 50 currency pairs in the Forex market, more than 10 cryptocurrencies for Crypto CFDs, over 2,000 commodity assets, more than 2,000 stocks, 35+ indices, over 15 metal commodities, and 5 or more Exchange-Traded Funds. While this offers a wide range of options, the lack of regulation and trading software raises concerns about the security and reliability of trading on this platform.

Belfrics Prime offers a single account type, straightforward leverage options (up to 100:1 on Forex and CFDs, and up to 50:1 on cryptocurrencies), spreads starting from 0.1 pips, and a minimum deposit of $100.

Pros and Cons

Is Belfrics Prime Legit?

Belfrics Prime is regulated by LFSA in Malaysia.

Market Instruments

Account Types

Belfrics Prime offers a single account type, which is straightforward and streamlined.

Leverage

Belfrics Prime offers leverage of up to 100:1 on Forex and CFDs, and up to 50:1 on cryptocurrencies.

Spreads & Fees

Belfrics Prime offers spreads starting from as low as 0.1 pips. Additionally, the platform imposes a minimum monthly fee that can be as low as $100.

Minimum Deposit & Withdrawal

The minimum deposit amount is $100, and the minimum withdrawal amount is $50.

Deposit & Withdraw

Belfrics Prime allows users to deposit and withdraw using fiat currencies and cryptocurrencies. Deposit and withdrawal fees vary depending on the payment method used. For example, deposits made via bank transferare free, while deposits made via credit or debit card incur a 2.5% fee. Withdrawals made via bank transfer are free, while withdrawals made via credit or debit card incur a 3.5% fee.

Trading Platforms

METATRADER 5:

Belfrics Prime offers the MetaTrader 5 trading platform, a multifunctional tool that supports various asset classes and provides access to powerful trading features. With MetaTrader 5, traders can optimize their trading potential and enhance their financial strategies.

SYOB (Start Your Own Brokerage):

Belfrics Prime introduces the 'Start Your Own Brokerage' service (SYOB), providing a comprehensive solution for those looking to enter the financial world as brokers. This service offers advanced technology, robust liquidity, and continuous support to ensure the success of new brokerages, making it a valuable choice for aspiring financial entrepreneurs.

Educational Tools

There is no specific information available on the Belfrics Prime website regarding their educational tools.

Customer Support

Belfrics Prime offers customer support through multiple channels, including email at support@belfricsprime.com and phone at +60 3-2181 2525. They have a global presence with branches in key cities worldwide, and you can find them at Level 8, Tower 3, KL Trillion, 338 Jalan Tun Razak, 50400 Kuala Lumpur, Malaysia. For media inquiries, you can contact their PR team using the provided contact details.

FAQs

What trading instruments does Belfrics Prime offer?

Belfrics Prime offers Forex, Crypto CFDs, Commodities, Equities, Indices, Metals, ETFs, and Energies for trading.

How many account types does Belfrics Prime offer?

Belfrics Prime offers a single streamlined account type with no variations.

What is the leverage provided by Belfrics Prime?

Belfrics Prime offers leverage of up to 100:1 on Forex and CFDs, and up to 50:1 on cryptocurrencies.

What are the minimum deposit and withdrawal amounts at Belfrics Prime?

The minimum deposit amount is $100, and the minimum withdrawal amount is $50.