What is Prime Whale LLC?
Prime Whale LLC is a forex and CFD broker based in Saint Vincent and the Grenadines, listed with a foundation year of 2020. It offers leverage up to 1:10, spreads from 0.5 pips and a minimum deposit of $100. Clients trade on Web Trading and on mobile.
Prime Whale LLC is an online trading broker that trades on Forex, Metals, Indices, and Energies. This broker is based on a webtrader. There is two option for the business strategy of this broker. One is the client option where they provide trading services to their clients and the other option is Partner Portal. In this portal, they are appointing partners. There is also a section named trading 101. This is a trading guide for beginners. Newbie traders will get to know more about trading from this section.
Prime Whale LLC has three types of live trading accounts. These accounts are named Standard, Pro, and Managed. These accounts have no specified minimum deposit requirement. All these three accounts have the base currency of EUR and USD. All these three accounts are commission-free accounts. The spread in the standard account is 1.9 pips, 1.6 pips on Pro, and there is no specified spread limit in the managed account. The maximum leverage on the Standard account is 1:500, 1:500 on Pro, and;100 on the Managed account.
Is Prime Whale LLC safe and regulated?
Prime Whale LLC is regulated by Prime Whale LLC has no valid regulation. This is an offshore regulator. It sets capital and reporting rules, but its investor protection is lighter than tier-1 regulators such as the FCA (UK), CySEC (Cyprus) or ASIC (Australia), and there is usually no investor compensation scheme.
Safety checklist before you deposit
- Find the licence number on the broker's website and check it on the regulator's official register.
- Check that client funds are held in segregated bank accounts.
- Make a small first deposit and test a withdrawal before you add more.
- Confirm negative balance protection applies to your account type.
Prime Whale LLC account types
The broker offers several account options so beginners and experienced traders can choose the right fit. Accounts open from a $100 minimum deposit.
| Account | Best for | Available |
|---|---|---|
| Mini account | Beginners trading small lot sizes | Yes |
| VIP account | High-volume traders wanting raw spreads | Yes |
| Islamic (swap-free) | Traders who need no overnight interest | No |
| Managed account | Investors who prefer a money manager | Yes |
Trading platform and conditions
Prime Whale LLC provides Web Trading, so you can trade from any browser without installing software. Mobile trading is supported as well.
- Scalping and hedging are permitted, which suits short-term and EA-style strategies.
- News trading is allowed during high-impact economic releases.
- Spreads from 0.5 pips are available on raw pricing, with a commission per lot.
- Leverage up to 1:10 gives large position sizes from a small deposit, which also raises the risk of fast losses.
Deposits and withdrawals
Prime Whale LLC supports 6 funding methods, including Visa, MasterCard, Bank Transfers, WireTransfer, Bitcoin, and Neteller. Accounts can be held in 2 base currencies (USD, EUR), which helps you avoid conversion fees.
Prime Whale LLC bonus: <p>This broker is not providing any welcome bonus</p>
How the promotion works
The current Prime Whale LLC promotion is <p>This broker is not providing any welcome bonus</p>. Entry rules, dates and eligible countries are set by the broker. Read the full terms on the Prime Whale LLC website before you trade for it.
Check the promotionLooking for free trading credit instead? Compare the latest forex no deposit bonus offers and forex deposit bonuses.
Prime Whale LLC pros and cons
Pros
- Raw spreads from 0.5 pips
- Scalping and hedging allowed
- News trading allowed
- VIP, Mini and managed accounts
- 6 deposit methods including crypto
Cons
- Only offshore regulation
- No investor compensation scheme
- $100 minimum deposit is higher than some rivals
- Web Trading only in our listing, no MT4/MT5 confirmed
- No Islamic account listed
How to open a Prime Whale LLC account
- RegisterVisit the Prime Whale LLC website and sign up with your name, email and phone number.
- Verify your identityUpload a passport or national ID and a recent proof of address (KYC).
- Choose an accountPick VIP, Mini, managed or a standard account, and your base currency.
- Fund the accountDeposit at least $100 with Visa, MasterCard, Bank Transfers or another method.
- Start tradingLog in to Web Trading or the mobile app and set your risk per trade.
Is Prime Whale LLC a good broker? Our verdict
Prime Whale LLC suits active traders who want raw spreads, freedom to scalp or trade the news, plus a wide choice of payment methods. The main trade-off is regulation: an offshore licence gives less protection than a tier-1 regulator. Start small, test a withdrawal, and only trade money you can afford to lose.