Forex brokers rating. Find out what brokers traders trust.

This web resource is meant for accomplished traders who are interested in changing their broker and also beginners who are in search of their first broker. Every visitor to ForexRating can compare forex brokers available in the market nowadays and choose the best company to suit their needs. Apart from a comparative analysis of forex brokers, the web resource contains an honest rating of forex brokers which are ranked entirely on the grounds of your votes. By ForexRating, you can judge a degree of trust that traders put in a particular forex broker.

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7/10 (votes 3299)

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On-line since: 2014
Country of origin: the Republic of Cyprus
Regulation: CySEC
Payment options: credit cards (Visa, Mastercard), bank transfer, Neteller, Yandex.Money, WebMoney, Qiwi, Skrill, UnionPay China
Minimum account size: $250
Minimum lot size: 0.01 lots
Leverage: up to 1:400
Spreads: from 0.1 pips

PriorFX is a broker located in Limassol, Cyprus. PriorFX does not provide its services to residents of certain jurisdictions such as the USA, Canada, Japan, Iran, Cuba, Sudan, Syria and North Korea.

PriorFX offers two account types. The Standard account is based on the STP technology without any interference of a dealing center and has no commission. The minimum deposit is $250 and the maximum one is $10,000. The deal size can be from 0.01 lots. Leverage is up to 1:200, spreads start from 0.1 pips. Clients can use such trading instruments as more than 40 currency pairs, indices, and commodities. In addition, traders are provided with the assistance of an account manager free of charge. Hedging is allowed. Every client can also monitor their personal trading statistics. The Xchange account is ideal for scalping.The minimum sizes of a deal, leverage, and deposit are the same as for the Standard account. Spreads begin from 0.1 pips, however, there is a commission of $8 for every lot. Traders can also contact an account manager and trade through mobile devices.

PriorFX gives access only to the MetaTrader4 platform. Nevertheless, this platform is widely used for trading on Forex all around the world. It is available via PCs, tablets, and smartphones.

In general, depositing and withdrawal of funds are quite easy. This can be done with the help of bank transfer, credit/debit cards, and electronic payment systems. Processing most of payments usually takes several days, except for cases of using electronic wallets, which are processed within one working day. The main currencies that the broker accepts are EUR, USD, GBP, CHF, and RUB.

PriorFX is regulated by the Cyprus Securities and Exchange Commission (CySEC), FCA and is a participant of the Investor Compensation Fund.

Clients can easily contact the customer support by phone, e-mail, chat, or by filling in the request form on the website. Besides, on the official website traders can read fresh news.

Like most brokers, PriorFX offers various bonuses and affiliate programs. One of these programs represents referral marketing. PriorFX provides various advertising materials, which describe the broker's services. The number of people invited is not limited.

Comments about broker

Lanna trader

review PriorFx

16-09-21

I have been trading with PriorFX for 4 months, but I had to close my account at this broker. I found a delay on their platform as the order was not executed in my desired positions. Also, I couldn't see their crazy high spreads and unstable platform, especially during the news or volatility market. Trading with them is so suffering, and it's not easy to contact their client support. My money loss due to their bad platform performance. Never trade with this broker.

Natalie trader

review PriorFx

14-04-21

The reason I opened an account at PriorFX is the positive feedback from its users. I saw a lot of people praising the broker so I decided to invest in them as well. However, I was deeply disappointed because I did have a pleasant experience. Far from what I have read, this broker has a terrible trading environment. In the end, I just withdrew all my investment and closed my account.

Tayo trader

review PriorFx

24-01-21

I've satisfied with the trade PriorFX platform. As I've found the fixed spread and better execution on their desktop or web-based platform, it is user-friendly and builtin with a lot of tradings tools. So I can use them for better results. recently month I've gained almost $430 and able to withdrawal all of my profit through my Neteller account. Really I am pleased with PriorFX.

Matthack trader

review PriorFx

21-12-20

It was so suffering from trading with PriorFx. I put $250 as an initial deposit and start to trade with them, I found that they don't have instant order executions, and they have delays with the platform MetaTrader 4. I also got requotes many times. I lost $200 in my first month trading with them. I called their customer support, but no one responds to me. They are untrusted broker, also they are not handling clients professionally. I don't recommend this broker.

Mamboo trader

review PriorFx

15-06-17

I have been using Prior Fx for 1 year and have great experiences with this group. I have been introduced by one of a trade peer and I am so thanks to know them earlier. At the same time, I did trade with other broker to see which broker provide a better services. I think with Prior Fx I don’t have too much headache and in fact MT4 platform was really great and work very well for me. I still remember that my first deposit was $300 and account has successfully grown to $800 with a month. I normally trade by PC and they have very good graphics and trading tools are located properly to ease all charting activities. I don’t have any issue on the Spread fee since it always consistent and affordable at 0.1 pip and I prefer to trade with EUR/USD. Recently, I have made a request to withdraw $300 via Neteller, they approved it in less than 72 working hours and I can see money credited into account. Thanks Prior Fx!!

Diclaim

Trading in the foreign exchange market and using leverage involve considerable risks and may cause a partial or complete loss of funds.

Make sure you possess sufficient skills and experience for this activity and are aware of possible risks.

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