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Fx Praime

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Operating status: SCAM

Website: https://fxpraime.com/

Broker violations and abnormal records
  • 2024-04-25 The FCA issues a warning against Fx Praime

    On April 26, 2024, the Financial Conduct Authority (FCA) issued a warning against Fx Praime, believing this company might be providing financial services or products without proper authorization in the UK. https://www.fca.org.uk/news/warnings/fx-praime

    On April 26, 2024, the Financial Conduct Authority (FCA) issued a warning against Fx Praime, believing this company might be providing financial services or products without proper authorization in the UK. https://www.fca.org.uk/news/warnings/fx-praime
  • 2024-04-29 BrokersView has reviewed that Fx Praime is an unregulated broker

    Fx Praime claims to be located in the UK. As per UK law, almost all individuals and businesses are required to obtain authorization from the Financial Conduct Authority (FCA). However, Fx Praime has failed to do so and hence prompted a warning from the FCA.

    In essence, Fx Praime 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.

    Fx Praime appears to be a scam.

    Fx Praime claims to be located in the UK. As per UK law, almost all individuals and businesses are required to obtain authorization from the Financial Conduct Authority (FCA). However, Fx Praime has failed to do so and hence prompted a warning from the FCA.In essence, Fx Praime 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.Fx Praime appears to be a scam.

Related Complaints

Q&A

Is Fx Praime reliable?

Satria Prata
Cambodia
2024-04-30
ANSWER Given its unlicensed status, Fx Praime cannot be deemed reliable.This broker, which allegedly operates from the UK, has failed to secure the necessary authorization from the Financial Conduct Authority (FCA). This non-compliance has led to a warning being issued by the FCA. If a broker in the UK operates outside the regulatory framework enforced by the FCA, it is strongly recommended to avoid such a broker to prevent becoming a victim of potential fraud schemes. Investors dealing with unlicensed brokers are not protected by regulations. In the event of any issues, it becomes challenging for victims to protect their interests and recover their funds.We consistently emphasize the importance of proper authorization. It is crucial to assess a broker's legitimacy to ensure the protection of your funds.
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