About 1Prime options
Who is 1PrimeOptions?
1PrimeOptions is an online trading company registered in the Marshall Islands, incorporated on November 24, 2020. The company operates under the domain 1primeoptions.com and offers a multi-asset trading platform. Its registered address is at Trust Company Complex, Ajeltake Road, Majuro, Ajeltake Island, MH 96960, Marshall Islands. The broker provides trading services in forex, stocks, commodities, indices, and cryptocurrencies.
Regulation and Safety
Currently, 1PrimeOptions is not regulated by any financial authority. The broker is registered in the Marshall Islands, a jurisdiction known for minimal regulatory oversight. Traders should be aware that this lack of regulation means there is no independent oversight or investor protection scheme in place. FXCanary’s scam risk score for this broker is 75 out of 100, indicating a severe risk level.
Trading Instruments
According to its website, 1PrimeOptions offers access to over 200 tradable assets. These include major and minor forex pairs, global stocks, commodities such as gold and oil, indices, and popular cryptocurrencies like Bitcoin and Ethereum. The broker claims to provide professional trading tools to assist traders in analyzing markets.
Account Types and Platforms
1PrimeOptions offers a demo account for practice and a real account with a minimum deposit of $10 in Bitcoin. The broker provides its own trading platform, both web-based and through a mobile app called 1PrimeApp (available for Android). The platform features a user-friendly interface, advanced charting tools, and encryption for security. The broker also states that two-factor authentication is available for login.
Funding Methods
Deposits can be made via cryptocurrency (BTC, ETH, USDT ERC20, USDT TRC20), credit/debit cards, local payment points, and bank transfer. The minimum deposit for most methods is $20. The broker emphasizes fast and secure deposit and withdrawal processing. Withdrawals are processed through the same methods, though specific processing times are not clearly stated.
Target Audience
The broker primarily targets traders in Latin America, as indicated by the Spanish-language content on its website. It aims to serve both novice and experienced traders, offering educational content and a demo account for beginners. However, the lack of regulation and the high-risk score suggest this broker is best suited only for traders who fully understand the risks of unregulated trading.
Overview compiled by FXCanary from regulatory records and public data. full 1Prime options review