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Primefxplatform

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Operating status: SCAM

Website: https://www.primefxplatform.online/

Broker violations and abnormal records
  • 2024-01-15 The FCA adds Primefxplatform to its warning list

    On January 16, 2024, the Financial Conduct Authority (FCA) issued a warning against Primefxplatform, believing this company might be providing financial services or products without proper authorization in the UK. https://www.fca.org.uk/news/warnings/primefxplatform

    On January 16, 2024, the Financial Conduct Authority (FCA) issued a warning against Primefxplatform, believing this company might be providing financial services or products without proper authorization in the UK. https://www.fca.org.uk/news/warnings/primefxplatform
  • 2024-01-16 BrokersView has reviewed that Primefxplatform is an unregulated trading platform

    Primefxplatform doesn't disclose any information about its regulatory status, which can be considered a red flag for fraudulent activities.

    While it listing a UK address on its website as the office, it fails to obtain authorization from the Financial Conduct Authority (FCA), thereby having elicited a warning from the FCA.

    In essence, Primefxplatform is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.

    Primefxplatform appears to be a scam.

    Primefxplatform doesn't disclose any information about its regulatory status, which can be considered a red flag for fraudulent activities.While it listing a UK address on its website as the office, it fails to obtain authorization from the Financial Conduct Authority (FCA), thereby having elicited a warning from the FCA.In essence, Primefxplatform is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.Primefxplatform appears to be a scam.

Related Complaints

Q&A

Is there any commission due when trading via Primefxplatform?

Scott Ballyan
Singapore
2024-02-26
ANSWER Primefxplatform is not a safe investment option, and we strongly advise against any dealings with this unlicensed trading platform.The platform lacks the necessary regulatory information to confirm its legitimacy in the financial industry. Despite its claims of being based in the UK, it has not obtained the required authorization from the Financial Conduct Authority (FCA) for its operations. This lack of authorization has led to a warning being issued by the FCA.Given these circumstances, individuals who engage with Primefxplatform are at risk of fraud and identity theft. Without the necessary regulatory oversight, they may not be able to recover their funds or protect their interests should any issues arise. To avoid such potential pitfalls, it is highly recommended to steer clear of Primefxplatform and instead opt for brokers that are subject to rigorous regulatory supervision.
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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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