FX PRIME by GMO Spreads, leverage, minimum deposit Revealed

　　General Information & Regulation of FX Prime

　　FX Prime (company name FX PRIME by GMO Corporation) was established in 2003 and started its “foreign exchange deposit trading” business in December. In 2007, FX Prime completed the registration of its financial instruments business, and in September 2008, it was listed on the Jasdaq Stock Exchange (now the Tokyo Stock Exchange), and in 2012, it launched “Prime Apps,” a trading tool for smartphones. In September 2012, GMO Click Holdings, Inc. (now GMO Financial Holdings, Inc.) acquired the company through a tender offer to become its consolidated subsidiary. In October 2013, the company's name was changed to “FX Prime by GMO Co. ”In 2015, FX Prime's forex options trading “Select FX Options” service was launched, and in January 2020, the company moved its headquarters to Tokyo. FX Prime is currently regulated by the Japan Financial Services Agency and holds a retail forex license authorized and licensed by the Agency. Regulatory number: 3011001049147.

　　Products & Services of FX Prime

　　Investors can trade 20 currency pairs on the FX Prime platform, as well as binary options (the amount required to trade varies from ¥50 to ¥999 each, depending on market conditions and the time of purchase).

　　Minimum Deposit of FX Prime

　　There is no minimum deposit requirements for forex trading, which means traders can funds their FX Prime accounts any amount they want to start a trading.

　　 Leverage of FX Prime

　　In terms of trading leverage, FX Prime offers trader the maximum leverage of up to 1:25 for forex trading. Leverge means that traders can use limited account balance to trade with large volume. Please keep in mind that leverage can magnify potential profits, but can also increase traders' risks sometimes.

　　Spreads of FX Prime

　　FX Prime offers different spreads between 8:00 AM and 4:00 AM (20 hours) and 4:00 AM and 8:00 AM (4 hours). During the former time period, the USD/JPY spread is 0.3 pips, EUR/JPY 0.6 pips, GBP/JPY 1.1 pips, and AUD/JPY 0.9 pips. During the latter time period, the USD/JPY spread is 6 pips, EUR/JPY 10 pips, GBP/JPY 12 pips, and AUD/JPY 9 pips. More information on spreads can be found on the FX Prime website.

　　Deposit & Withdrawal of FX Prime

　　FX Prime offers two types of payment methods: online transfer and money transfer. Online transfers are made through the My Page > Deposit/Withdrawal/Transfer screen and are at the company's expense, with deposits reflected in the account in real-time. Transfer payments must be made through bank counters and ATMs and are at the trader's expense, with deposits waiting for confirmation from the company before being transferred to the account.