The Official Website Of Preferred Capital Limited Cannot Be Opened Temporarily Due To Unknown Reasons, So We Can Only Collect Some Relevant Information For Reference Only.
Preferred Capital Limited Is A Financial Institution Group Headquartered In Mauritius, Established Less Than A Year Ago. The Company Currently Does Not Have Any Regulatory Authority To Supervise Or Review Its Compliance, So Its Operations Are In A Regulatory Grey Area. Despite This, Preferred Capital Limited Still Provides Traders With A Variety Of Trading Tools And Account Types To Meet Different Trading Needs.
Basic Information
Established: 2023-04
Registered Country: Mauritius
Regulatory Status: Unregulated
Minimum Deposit: 50 Dollars
Leverage: Up To 1:500
Spread: Variable, From 0.2 Pips (ECN Account)
Commission: ECN Account Minimum 7 Dollars Per Lot
Trading Platform: MetaTrader 5 (MT5)
Tradable Assets: Forex, Indices, Futures, Commodities, Cryptocurrencies
Account Type
P >Preferred Capital Limited Offers A Variety Of Account Types, Including:
ECN And STP Accounts: Designed For Forex Trading.
Individual Accounts: Available For Individual Traders.
Joint Accounts: Allows Joint Trading With Another Party, Such As A Spouse Or Business Partner.
Corporate Account: Customized For The Needs Of A Business Or Organization.
Islamic Account: Complies With Sharia Law And Is Prohibited From Earning Interest.
Trading Platform
Preferred Capital Limited Uses The MetaTrader 5 (MT5) Platform. The Platform Supports PC, Mac, Smartphones And Tablets And Offers A Variety Of Advanced Features, Including Technical Analysis Tools, Charting Capabilities And Automated Trading Support.
Trading Products
Preferred Capital Limited Offers The Following Tradable Asset Classes:
Forex: Supports Trading In Multiple Currency Pairs.
Indices: Covers Major Global Stock Indices.
Futures: Allows Traders To Buy Or Sell Specific Assets At Agreed Prices And Future Dates.
Commodities: Includes Agricultural Products, Energy And Precious Metals, Among Others.
Cryptocurrencies: Offers Trading Opportunities For Digital Currencies Such As Bitcoin And Ethereum.
Customer Support
Preferred Capital Limited Provides The Following Customer Support Channels:
Email: Can Be Contacted Via Support@preferredlimited.com.
WhatsApp: Supports Real-time Communication.
Social Media: Stay Active On Twitter, Facebook, YouTube And Instagram.
Deposits & Withdrawals
Preferred Capital Limited Supports A Variety Of Payment Methods Including Visa, MasterCard, Skrill, Neteller And PayPal. The Minimum Deposit Requirement Is 50 Dollars, But There Is No Mention Of Processing Fees And Processing Times.
It Is Worth Noting That The Company Does Not Offer Demo Accounts For Customers To Practice Trading.
Security & Legality
As Preferred Capital Limited Does Not Have Any Regulatory Oversight Over Its Operations, Its Legality Is At Greater Risk. Traders Need To Exercise Caution When Trading With This Platform, Especially In The Event Of A Dispute, Fraud Or The Bankruptcy Of The Platform, Without The Protection Of An External Agency.
Advantages And Disadvantages
Advantages:
Offers A Wide Range Of Trading Products (Forex, Indices, Futures, Commodities, Cryptocurrencies).
Has An Islamic Account Option That Meets The Trading Needs Of Specific Religious Beliefs.
Low Minimum Deposit Requirement (50 Dollars).
Offers Generous Leverage (1:500).
Disadvantages:
Lack Of Regulation, Increases Latent Risk.
Demo Accounts Are Not Available.
Educational Resources Are Limited, And Only The FAQ Section Is Provided.
Background Information On The Company Is Scarce, Making It Difficult To Verify Its Credibility.
Suitable For The Crowd
Preferred Capital Limited's Advantages (such As A Wide Range Of Trading Products, High Leverage, And MT5 Platform) May Appeal To Experienced Traders. However, Its Shortcomings Of Lack Of Regulation, No Demo Accounts, And Limited Educational Resources May Make It Unsuitable For Novice Traders.
Conclusion
Overall, Preferred Capital Limited Is An Unregulated Offshore Broker Suitable For Experienced Traders Who Wish To Engage In High-risk Trading With High Leverage And A Variety Of Trading Instruments. However, Potential Clients Need To Fully Understand Their Latent Risks When Choosing This Platform And Carefully Evaluate Their Trading Needs And Risk Tolerance.
