Corporate Overview
Prior Capital CY Ltd (PriorFX) Is A Global Online Financial Trading Platform And Multi-asset Broker Established In 2013 . As An International Financial Services Institution, PriorFX Is Dedicated To Providing Professional Foreign Exchange, Commodity, Stock And Index Trading Services To Global Investors. The Company Is Headquartered In Cyprus And Its Office Address Is 377, 28th October Street, 3rd Floor, Soboh House, Limassol, Cyprus 3107 . PriorFX Operates In 194 Countries , Including Major Markets Such As The UK, Germany, Australia, South Africa, Thailand And China.
Regulatory Information
PriorFX Was Granted A Financial License By The Cyprus Securities And Exchange Commission (CySEC) In 2013 With License Number 221/13 . However, The License Was Suspended By CySEC In March 2020 . Currently, PriorFX's Official Website Is Not Available, And Investors Can Only Access Information Through Third-party Trader Review Portals. Nonetheless, As A Regulated Institution, PriorFX Is Still Required To Comply With Relevant Laws And Regulations To Ensure Compliance Of Trading Activities.
Trading Products
PriorFX Provides Trading Services For A Variety Of Financial Products, Covering The Following Areas:
- Forex (Forex) : Trading Major Currency Pairs, Such As EUR/USD, GBP/USD, Etc.
- Commodities : Including Gold (Gold), Silver (Silver), Crude Oil, Etc.
- Indices : Providing Trading Services For Major Global Stock Indices, Such As Dow Jones, Nasdaq, Etc.
- Stocks : Trading Stocks Of World-renowned Companies.
Trading Software
PriorFX Offers Trading Services To Clients Through The MetaTrader 4 (MT4) Platform. MT4 Is One Of The Most Popular Forex Trading Software In The World, Supporting A Variety Of Trading Tools And Indicator Analysis. In Addition, PriorFX Also Provides Support For Mobile End Users, Including Mobile Applications For Android And IOS Systems, Enabling Clients To Trade Anytime, Anywhere On Mobile Devices.
Deposit And Withdrawal Methods
PriorFX Supports A Variety Of Payment Methods, Including:
- Credit And Debit Cards : Supports Common Card Types Such As Visa And MasterCard.
- Electronic Wallet : Includes Mainstream Payment Systems Such As Skrill And NETELLER.
- Bank Telegraphic Transfer : Customers Can Top Up Their Accounts Via Bank Transfer.
It Is Worth Noting That All Payment Methods Incur Additional Fees. For Example, If The Top-up Amount Is Less Than $100 , An Additional $10 Fee Will Be Charged.
Customer Support
PriorFX Offers 24/7 Customer Support In Multiple Languages, Including English, Russian, German, Hungarian, And Arabic . Customers Can Contact PriorFX In The Following Ways:
- Phone : + 357-2525-8220
- Email : [email protected]
- Live Chat : Contact Customer Service Through The Live Chat Function On The Official Website Or In The Mobile App.
Core Business And Services
PriorFX's Core Business Includes Multi-asset Trading, Leveraged Trading, Spread Trading, Etc. The Following Are The Core Services And Differentiating Advantages Of PriorFX:
- Account Types : PriorFX Offers Investors Two Account Types, Standard And Xchange , With Minimum Deposit Requirements Of $100 And $1000 .
- Leverage : PriorFX Has A Maximum Leverage Of 1:200 , Which Amplifies Potential Gains While Also Increasing Trading Risk.
- Spreads : Spreads Vary Depending On Account Type And Trading Instrument. Taking The Standard Account As An Example, The Spread For EUR/USD Starts From 1.2 Pips .
Technical Infrastructure
PriorFX's Trading System Is Based On The MetaTrader 4 (MT4) Platform, Which Is Known For Its Efficiency, Stability And Rich Features. MT4 Supports A Variety Of Technical Analysis Tools, Chart Types And Trading Strategies To Meet The Needs Of Different Investors.
In Addition, PriorFX Also Offers A Mobile Trading Platform, Ensuring That Investors Can Access The Market And Execute Trades Anytime, Anywhere.
Compliance And Risk Control System
PriorFX, As A Regulated Financial Institution Group, Is Subject To The Compliance Requirements Of The Cyprus Securities And Exchange Commission (CySEC). Although Its License Has Been Suspended, The Company Is Still Required To Comply With Relevant Laws And Regulations To Ensure The Transparency And Security Of Trading Activities.
Market Positioning And Competitive Advantage
PriorFX Has A Place In The Highly Competitive Foreign Exchange Market Due To Its Multi-asset Trading, Highly Leveraged Trading And Global Market Coverage. Although The Suspension Of The License May Have Some Impact On Investor Confidence, PriorFX Can Still Meet The Needs Of Different Investors By Offering A Diverse Range Of Trading Products And Flexible Payment Methods.
Customer Support And Empowerment
PriorFX Provides Professional Trading Support To Global Investors Through 24/7 Customer Support And Multilingual Services. At The Same Time, The Company Also Provides Investors With A Convenient Operation Experience Through Mobile Applications And MT4 Platforms.
Social Responsibility And ESG
Currently, There Is Limited Information On PriorFX's Specific Practices In Social Responsibility And ESG (environmental, Social And Corporate Governance). In The Future, As The Global Attention To ESG Continues To Increase, PriorFX May Need To Strengthen Investment And Information Disclosure In This Regard.
Strategic Cooperation Ecology
Although PriorFX's Official Website Is Not Available, It Can Be Speculated That It May Have Established Cooperative Relationships With Several Financial Institution Groups And Payment Platforms To Support Its Multi-asset Trading And Payment Services. In The Future, PriorFX May Need To Further Expand Its Business Scope And Market Influence Through Strategic Cooperation.
Financial Health
Due To The Unavailability Of PriorFX's Official Website, It Is Currently Impossible To Obtain Its Latest Financial Data. However, As A Regulated Financial Institution Group, PriorFX Is Required To Submit Financial Reports To Regulators On A Regular Basis To Ensure The Transparency And Health Of Its Financial Position.
Future Roadmap
Although PriorFX's License Has Been Suspended, It Is Still Possible For It To Regain The Trust Of Regulators Through Rectification And Compliance Measures In The Future. At The Same Time, PriorFX May Need To Further Optimize Its Technical Infrastructure And Client Server To Attract More Investors And Enhance Market Competitiveness.
