Broctagon Prime Review: Key Features, Pros and Cons Revealed

Broctagon Prime, or Broctagon Prime Ltd, is a brokerage registered in Cyprus since 2016. With its worldwide presence, they have established itself as a trusted and reliable company.

Surprisingly, nobody talks about this firm. So, that might be a problem. Therefore, we invite you to check our Broctagon Prime review carefully and see if you can trust this company or not.

Legal Information: Is This Broker Regulated?

One of the entities regulated offshore is Broctagon Prime Markets Limited. This entity holds a weak LFSA license. Especially if you compare it to the CySEC license the company has had since 2017. Nevertheless, traders need to make sure what entity they are working with.

The main difference between these comes with funds protection features. But also with trading conditions. In fact, CySEC-regulated companies have compensation schemes included, while offshore brokers don’t. Instead, it’s always recommended to trade with a broker holding at least one Tier 1 license. For instance, BaFin, ASIC, or FCA.

As it seems, all of their entities are under the ownership of Broctagon Fintech Group, which is registered in Singapore. The individuals behind this company are Choon Keit Wong (Malaysia) and Soh Kai Jun (Singapore).

What Are The Key Features With Broctagon Prime Ltd?

As can be seen, the company mostly advertises advanced technological innovations. The whole idea behind it is to make flawless liquidity solutions. The way they achieve that is through the MT4 FIX/API protocol bridge. But all that becomes irrelevant if the company is not transparent.

Trading Conditions With Broctagon Prime

Even though Broctagon Prime Ltd is CySEC-regulated, they don’t reveal any of the trading conditions, starting with the leverage, spreads, fees, and commissions. This is quite surprising for an EU-regulated trading firm. However, there are some guidelines you can use to your advantage.

Bear in mind that EU-regulated firms must give you a maximum of 1:30 leverage if you are a retail trader. If you get anything higher than that, know you are most likely trading with an unregulated or offshore entity. But sometimes, companies with transparent conditions can be shady as well. Therefore, make sure you go through the checklist in our Liberty Market Investment review.

What Trading Instruments Does The Company Offer?

According to the company, they offer more than 100 tradeable instruments. These are divided into four main categories. Yet, without platform insight and a transparent demo account, we can assume they offer most popular assets like:

• Forex – USD/GBP, EUR/NOK, USD/JPY
• Commodities – crude oil, natural gas, palladium
• Shares – Walt Disney, General Motors Company, American Airlines
• Indices – S&P 500, NASDAQ, CAC 40

What Are The Account Types Offered?

One of the biggest surprises with this broker is that they don’t reveal the minimum deposit requirement. In fact, they don’t even share what account type options they have. Therefore, everyone can expect the same mysterious trading conditions.

As mentioned, they are not offering a demo account. But most likely, a micro or Islamic account is not a part of their offer either.

Funding Methods Available

Surprisingly, this company doesn’t reveal any funding methods transparently. This is another fact that could make experienced traders worried. In general, we suggest you always use card transfers. If anything goes wrong, you can always apply for a chargeback.

Are Withdrawals Possible With This Broker?

Generally speaking, they should be. Especially since the company is CySEC-regulated. Therefore, if you experience any issues, feel free to contact them directly.

Since the company doesn’t reveal any withdrawal details, like processing time and fees, make sure you find out those first. Sadly, none of the Broctagon Prime Ltd reviews reveal any more details about it either. To see why transparent withdrawal policies are important, read our FX Blue review.

How To Contact Broctagon Prime Company?

One of the positive surprises is that this investment firm offers Skype as the contact option. This should build up their credibility a bit. Besides, you can reach them via phone, e-mail, and web contact form. However, their working hours are not revealed.

Benefits of AI Tools in Trading

Generally speaking, AI tools can genuinely improve your results. But you have to find the right ones. Thus, even all the knowledge you could possibly have is worthless if you are trading with a shady broker. One of the highly popular options among our traders is the AI Analysis Tool.

This tool helps you combine years of experience with live market data and helps you make a future price movement prediction. Most importantly, it’s not auto-trading software that will rip you off after a few trades. If you want to find out more without any obligations, send us a message.

How Can I Make Money While Trading Online?

One of the leading problems in trading nowadays is trust. Traders don’t trust anyone anymore. Primarily because of the many swindlers that are out there. Luckily, our Broctagon Prime review helps you find the key points and determine if you can trust the broker or not. In any case, for the safest trading environment, you should be looking for FCA, BaFin or ASIC-regulated brokers.

But if you are not experienced enough, we recommend you try our AI Analysis Tool. It combines historical data, live market information, and different patterns for a trading forecast with impossible precision. Most importantly, nobody can affect your decision! Get in touch today and find out more.

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