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- Full listing profile: PriorFX broker profile
Is PriorFX safe?
- Investor protection: Cyprus Investor Compensation Fund (ICF)
- Regulation: CySEC Cyprus
- Publicly traded: no
- Segregated account: yes
- Guaranteed Stop Loss: no
- Negative Balance Protection: yes
Is PriorFX trusted?
- Information transparency: sufficient
- Customer service: prompt, helpful
- PriorFX website: semi-detailed, updated
- PriorFX popularity (by visitor count): low visits
How PriorFX works
We use the Straight Through Processing or STP which is an execution method which upon receipt of a client order, passes it directly to the liquidity provider. Liquidity providers range from Banks, Hedge Funds, Investment corporations or other brokers.
The concept of using trading strategies aimed at exploiting errors in prices and/or concluding trades at off-market prices and/or by taking advantage of internet delays (commonly known as “arbitrage”, “sniping” or “scalping” hereinafter, collectively, referred to as “manipulation”), cannot exist in an OTC market where the client is buying or selling directly from the principal; accordingly, we reserve the right, at our sole discretion, not to permit the abusive exploitation of manipulation on our Online Trading Facility.
Terms of Business https://priorcapital.eu/legal/
Company’s price: When acting as a straight through processing broker, the Company’s price for a given financial instrument is calculated by reference to the price of the relevant underlying financial instrument, which the Company obtains from a third party reputable external reference sources through an electronic execution system. This system automatically requests a quote from a selection of liquidity providers. In conjunction with the price, the Company quotes the available liquidity, (or ‘market depth’), as obtained from its third-party liquidity providers. The Company’s software will automatically aggregate all available liquidity at the best possible prices available and fill at the Volume-Weighted Average Price (V.W.A.P.). When acting as a market maker the Company calculates and provides its own tradable prices for a given CFD by reference to the prices of the relevant underlying asset, which the Company obtains from third party reputable external reference sources (i.e. price feeders).
Order Execution policy https://priorcapital.eu/legal/