Note: Forex Prince's official website: https://www.forexprince.com/ is currently inaccessible normally.
Forex Prince Information
Forex Prince, whose full name is IC GLOBAL LTD, was incorporated in Saint Vincent and the Grenadines in 2014.
The company has posted a number on +44 203 8088595 and an email address on support@forexprince.com to help customers.
For the time being. Forex Prince is an unregulated broker, and consumers are advised to identify and pay attention to safety.
Is Forex Prince Legit？
Forex Prince, as of now, is not subject to any regulation. Unregulated traders have multiple problems, such as capital security, credibility and stability.
Therefore, consumers should carefully evaluate their regulatory status when choosing brokers, and give priority to brokers supervised by regular regulators to ensure that their rights and interests are effectively protected.
Account types
Forex Prince currently offers four types of accounts, namely Tailor Made Account, Premium Pro Account, Premium Account and Cent Account.
These four accounts have different maximum leverage, minimum deposit, minimum spread. The minimum position and the method of deposit and exit are the same.
The leverage provided by Forex Prince is very large, the smallest leverage is 1:500; The maximum reached 1:1000, if not skilled trading experience traders, may encounter greater risk.
For beginners, it is recommended to choose the Cent Account, because the deposit threshold is low, only $10; However, it should also be noted that the spread of this account is high, reaching 2.5*PIPS, which will incur more fees.
The minimum position for all four accounts is 0.01.
Deposit & Withdrawal
The four accounts use the same method of deposit and withdrawal.
Deposits can be made using (6+) Skrill Neteller and withdrawals can be made using (8+) Skrill Neteller.
Downsides of Forex Prince
The shortcomings of Forex Prince should be carefully viewed and evaluated by consumers.
First of all, the official website of the broker cannot be opened, and it is impossible to know the specific information of the broker.
Secondly, the broker lacks transparency and may lack fairness and transparency in the execution of trades.
In addition, it is not regulated. The Broker may be more likely to violate relevant laws and regulations, posing a potential threat to investors.
Conclusion
In summary, the Forex Prince website is not accessible, which prevents investors from obtaining real-time trading information, monitoring account activity and important announcements.
What is more worrying is that this trader is not under the supervision and management of any financial regulator, its operation behavior is free from legal supervision, and there are huge uncertainties in the security of funds and the fairness of transactions.
Here, the majority of consumers are strongly reminded to maintain a high degree of vigilance and careful evaluation when choosing a broker. In the process of investment, maintain a rational and prudent attitude to ensure that their own rights and interests are not infringed.
