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BitPrimeFX Markets

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Operating status: SCAM

Website: https://bitprimefx.net/

Broker violations and abnormal records
  • 2023-04-19 BrokersView has Reviewed that BitprimeFx Markets is an Unregulated Broker

    BitprimeFx Markets claims to be regulated by the U.S. Security and Exchange Commission (SEC).However,there is no matching information was found in the SEC.

    The truth is that BitprimeFx Markets is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.


    BitprimeFx Markets claims to be regulated by the U.S. Security and Exchange Commission (SEC).However,there is no matching information was found in the SEC.The truth is that BitprimeFx Markets is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.

Related Complaints

Q&A

What cryptocurrency can be used to deposit here? BTC?ETH?

Gerald Hopkins
Colombia
2023-04-26
ANSWER BitPrimeFX Markets is an unlicensed broker we advise against trading with, despite the seemingly attractive deals it offers.BitPrimeFX Markets claims to be regulated by the U.S. Security and Exchange Commission (SEC) with CIK number #0001749018. However, our search for this broker in the SEC registry didn't yield any results. This means it is using false details to deceive unsuspecting investors. Additionally, the SEC is not the regulatory body in the US responsible for forex markets. That authority rests with the National Futures Association (NFA). However, we didn't find any search results for BitPrimeFX Markets in the NFA registry either. As such, this broker is basically not subject to any effective regulations.Regarding your question, investors are advised not to deal with BitPrimeFX Markets since it is an unregulated broker carrying high risks. There are no legal protections to safeguard the funds entrusted to this broker and prevent fraud or theft. Therefore, we strongly suggest investors stay away from unlicensed brokers such as BitPrimeFX Markets and opt for fully regulated ones instead.
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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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