SeaPrimeCapitals

SeaPrime Capitals (operating as Seaprime Capitals LLC) is an offshore forex and CFD broker registered in St. Vincent and the Grenadines. It works as a market maker, offers trading on MetaTrader 5, and does not accept US clients. The most important fact for a prospective client is its regulatory status: the firm is unregulated. Before comparing spreads or account types, a trader should understand what that status means for the safety of a deposit.

Who operates SeaPrime Capitals

The trading brand runs through a single legal entity, Seaprime Capitals LLC, at this registered address:

305, Griffith Corporate Center, Beachmont, P.O. Box 1510, Kingstown, Saint Vincent and the Grenadines

The official website is seaprimecapitals.com, which has pages on account types, PAMM accounts, commodities, crypto, bonuses, terms and conditions, an FAQ and a privacy policy.

Seaprime Capitals operates as a market maker. In a market-maker model, the broker can act as the counterparty to client trades instead of passing every order to an outside venue. That model is legal and common in retail forex. It also means the broker sets the quotes the client trades on, and a client’s loss can be the broker’s gain on positions it does not hedge.

Regulation: what the registration means

Two labels look contradictory. Seaprime Capitals LLC has no financial regulator: it is unregulated, with registration number 2108 LLC 2022 and an Offshore regulatory tier. The firm is also tagged “Offshore regulated,” but that label refers to where the company is incorporated. It does not mean the firm holds a supervisory licence for forex trading.

The registration number makes sense once you know how St. Vincent and the Grenadines works. The country’s Financial Services Authority registers companies, including limited liability companies, under its business companies legislation. It has stated publicly that it does not license or supervise forex or brokerage activity. A number such as “2108 LLC 2022” therefore points to the company’s incorporation as an LLC. It is not an authorization to handle client money under a conduct regime.

In practical terms, without a financial regulator overseeing the firm, a client should not expect any of the following:

• Capital requirements set and monitored by a supervisor.
• Segregation rules for client funds, backed by audits a regulator can enforce.
• A compensation scheme that pays out if the broker fails. Schemes of this kind exist in some regulated jurisdictions but do not cover an unregulated SVG LLC.
• An official ombudsman or complaints body to escalate a dispute over a withdrawal, a requote or a closed position.
• Leverage caps and negative balance protection imposed by rule. Some offshore brokers offer these voluntarily, but nothing forces them to.

If a dispute arises, the client’s recourse is largely limited to the broker’s own terms and conditions and to civil action in the jurisdiction those terms name. For a retail account, that route is usually slow and expensive.

The “No US clients” restriction is consistent with this setup. US residents face strict rules on who may offer them leveraged forex, and offshore brokers without US registration typically exclude them.

Account types

Seaprime Capitals lists four account types: Micro, Standard, Premium and PAMM.

Micro

The Micro account has the lowest entry point, a $100 minimum deposit, and the tightest spread, from 1 pip on EUR/USD. It uses MetaTrader 5 with maximum leverage of 1:200.

Standard and Premium

Both accounts require a $500 minimum deposit, run on MetaTrader 5 and offer 1:200 maximum leverage. Their spreads are higher than on Micro: from 2 pips on Standard and from 2.5 pips on Premium.

This ordering is unusual. At many brokers, a larger deposit buys a tighter spread or a lower commission. Here the account with the higher deposit carries the wider starting spread, and the broker does not say what Standard or Premium offer in exchange, such as commissions, execution type, swap terms or extra services. On spread alone, the Micro account is the cheapest of the three.

PAMM

The PAMM (Percentage Allocation Management Module) account also offers 1:200 leverage and MetaTrader 5. The broker has a dedicated PAMM page but does not publish a minimum deposit or spread for this account.

In a PAMM structure, investors allocate funds to a money manager’s master account and share profits and losses in proportion to their stake, usually after a performance fee to the manager. The investor depends on two parties: the manager’s skill and the broker’s handling of the pooled funds. At an unregulated broker, nothing outside the broker’s own systems verifies the allocation records or the manager’s reported track record.

Trading costs

The firm’s spread figures are “from” values. They describe the tightest quote, not a guaranteed or average spread, and spreads usually widen around news releases, at the daily rollover and in thin markets.

The spread’s dollar cost depends on the instrument and the position size. For EUR/USD, where the US dollar is the quote currency, one pip on one standard lot (100,000 euros) is worth $10. An example, assuming the spread stays at its minimum and no commission applies:

The spread is paid once per round trip, not on both the open and the close. If spreads widen during the trade, the effective cost rises.

For context, a 2 to 2.5 pip minimum on EUR/USD is wide by the standards of large regulated brokers, which often advertise tighter major-pair spreads on their standard accounts. The Micro account’s 1 pip floor is closer to what retail traders commonly see.

Several terms are not published and should be confirmed in writing, or on the platform, before funding: minimum spreads on XAUUSD, GBPUSD and USDJPY, overnight swap rates, commissions, what Standard and Premium offer beyond their spreads, the PAMM minimum deposit and spread, bonus terms, payment methods, processing times, withdrawal fees, and margin call and stop-out levels.

Leverage and margin

All four account types offer a maximum leverage of 1:200. Leverage sets the margin, meaning the deposit the broker holds against an open position:

Margin = Position notional value ÷ Leverage

An example: at a hypothetical EUR/USD price of 1.1000, one standard lot has a notional value of $110,000. At 1:200, the required margin is $110,000 ÷ 200 = $550.

Leverage cuts both ways for a small account. With the Micro account’s $100 minimum, full use of 1:200 leverage controls about $20,000 of notional exposure, roughly 0.18 lots at that hypothetical price. On a position that size, a move of about 55 pips against the trader equals the entire $100 deposit. In practice, the broker’s margin call and stop-out levels would close the position earlier.

Two points matter here:

• Stop-out is measured on equity, not balance. Equity includes floating losses on open trades, so a position can be closed even though the account balance looks unchanged.
• The broker’s security of funds page does state a commitment to negative balance protection, although no regulator enforces that promise. Without it, a sharp gap could leave the account below zero.

Trading platform: MetaTrader 5

Seaprime Capitals offers MetaTrader 5 on every account. There is no proprietary platform and no MetaTrader 4.

Because the platform is standard, traders already familiar with MT5 face little learning curve. The platform does not determine execution quality, though. Fills, slippage and requotes depend on how the broker configures its server and, for a market maker, on how it manages its own book.

Markets available

The broker’s site has dedicated pages for commodities and crypto, and its spread quotes cover EUR/USD, GBP/USD and USD/JPY among currency pairs, plus XAU/USD (gold). The offering therefore covers forex pairs, at least gold among commodities, and crypto CFDs.

The firm is a market maker, so these products should be understood as CFDs or similar derivative contracts quoted by the broker. They are not ownership of the underlying asset. Buying a Bitcoin CFD, for instance, gives price exposure without holding coins in a wallet.

Bonus offers

The website includes a bonus page. Deposit bonuses at brokers can come with trading volume requirements before the bonus or related profits can be withdrawn. Some terms also allow the broker to remove bonus credit if the account’s equity falls, which can bring a stop-out closer.

Major regulators restrict or ban trading bonuses for retail clients for these reasons. At an unregulated broker, the bonus terms are whatever the broker’s own documents say.

Deposits and withdrawals

Payment terms are not published, so given the regulatory status the safest approach is to run a small test withdrawal before committing a larger sum. That check shows how verification, processing and any fees work in practice.

Strengths and trade-offs

What the broker offers:

• A low entry point of $100 on the Micro account.
• MetaTrader 5 across all accounts, with support for automated trading.
• A PAMM option for clients who want to allocate funds to a money manager.
• Access to forex, gold and crypto products through one platform.

What weighs against it:

• The firm is unregulated, with no regulator-backed compensation, segregation oversight or dispute body.
• The spreads on Standard (from 2 pips) and Premium (from 2.5 pips) are wider than on the cheaper Micro account, with no stated offsetting benefit.
• As a market maker, it can take the other side of client trades.
• Leverage of up to 1:200 is backed only by the broker’s own stated negative balance protection, which no regulator enforces.
• US residents are not accepted.

Risks to weigh before opening an account

The central risk is counterparty risk combined with weak recourse. A deposit at an unregulated offshore market maker is only as safe as the firm’s own solvency and conduct. If withdrawals are delayed or refused, no supervisor can order repayment.

A second risk is the gap between headline and actual costs. “From” spreads, unpublished swaps and possible bonus conditions can make the real cost of a trade higher than the account summary suggests.

How we checked SeaPrimeCapitals

We visited seaprimecapitals.com on 13 November 2026, connecting from Tallinn, Estonia. We opened the homepage, scrolled to the footer, then clicked through to the Company, Advantages, FAQ and Terms and Conditions pages. The footer says Seaprime Capitals LLC is registered as a Limited Liability Company under the laws of Saint Vincent and Grenadines, with Registration Number 2108 LLC 2022 and an office at 305, Griffith Corporate Center. Other pages write the name as Seaprimecapitals LLC. None of the pages we opened showed a risk warning. The domain was registered on 2022-02-10.

Prices are on the homepage. The Micro account asks for a $100 minimum deposit, with spreads of 1-1.5 pips. Standard and Premium both ask for $500, and their spreads are listed at 2-2.5 pips and 2.5-3.5 pips. Each tier shows leverage of 1:200. The security of funds page states that client money goes into separate bank accounts and describes a commitment to negative balance protection. The client area sat behind a login. The sign-up link led to a create-account form. We did not open an account, so we saw nothing beyond that point.

We ran no register search. The site cites a company registration rather than a financial licence held in a register we can query, so there was nothing to look up.

We read the Trustpilot profile on 13 November 2026. It showed 3.2/5 from 1 review. That one review was one-star, the profile was not claimed, and the company had not replied. One review is far too little to judge by. The earliest Wayback Machine capture of the domain is dated 2023-04-06. We could not confirm whether the segregation and negative balance promises hold in practice, or how deposits and withdrawals actually run, because both would require funding an account.

How it compares with regulated alternatives

Many alternatives reviewed on Fintrev, such as Exness, IC Markets, XM and Vantage, hold multiple licences and support MetaTrader. Some also have a $0 minimum deposit, which removes even the Micro account’s low-entry advantage. A trader who mainly wants low deposits, MT5 and leverage can find all three at brokers that also have regulator oversight.

When comparing, look at which specific entity would hold your account. Many international brokers run both regulated and offshore entities, and the protections depend on the entity you sign with, not on the brand name.