PRIMETIME GLOBAL MARKETS Information
PGM was incorporated in Australia in 2015. Currently, PGM mainly provides CFD trading services such as foreign exchange, precious metals, energy, index products, and crypto currencies.
PGM supports the use of the MT4 and MT5 platforms and offers three types of accounts for traders to choose from.
Pros and Cons
Is PRIMETIME GLOBAL MARKETS Legit?
It is authorized and regulated by the Australian Securities & Investments Commission (ASIC), Regulation Number (AFSL) 470050.
What Can I Trade on PGM?
PGM says it offers 1,0000 + products, Primetime Global Markets allows you to invest in futures, foreign exchange, precious metals, commodities, and stock indices with just one account.
Account Types
PGM offers three types of accounts for traders: CENT ACCOUNT, STP ACCOUNT, and ECN ACCOUNT. Minimum deposits range from $100 to $5000, and leverage can be up to 1:400.PGM supports trading 10,000+ CFDs.
When it comes to opening an account, PGM gives clear and easy steps. You may refer to:
PGM Fees
PGM offers competitive spreads and commissions across its different account types.
The CENT Account features a minimum spread of 2.2 pips for EUR/USD, making it suitable for beginners with smaller trading volumes and a focus on affordability.
In contrast, the STP Account presents tighter spreads, with a minimum of 1.6 pips for EUR/USD, appealing to traders seeking a balance between cost-effectiveness and functionality.
For experienced traders looking for the lowest spreads, the ECN Account stands out with a minimum spread of 0.5 pips for EUR/USD, albeit requiring a higher minimum deposit.
PGM does not charge any account inactivity fees.
Trading Platform
PGM allows traders to trade with both MT4 and MT5 platforms on Windows Desktop, Google Play, Android APK, iOS mobile terminal, as well as the Web page (for MT4 only).
Deposit and Withdrawal
The minimum deposit requirement varies based on the chosen account type: 100USDfortheCENTAccount,300 for the STP Account, and $5,000 for the ECN Account.
But they didn't disclose the deposit and withdrawal methods on their official website.
South Africa FSCA Forex Trading License (EP)