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PRIMEFXT

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Operating status: SCAM

Website: https://primefxt.com/en/index-3.html

Broker violations and abnormal records
  • 2024-01-01 BrokersView has reviewed that PRIMEFXT is an unregulated broker

    PRIMEFXT presents itself as a best broker supervised by the Australian Securities and Exchange Commission (ASIC). However, the ASIC register doesn't include any records of this company, casting doubt on its claim.

    Beyond its assertion of being the best ASIC broker, PRIMEFXT fails to provide any additional regulatory details. This lack of transparency raises concerns. It's worth noting that the domain name, primefxt.com, was only registered in April 2023, contradicting its claim of operating since 2016.

    Furthermore, this entity, which purports to be based in the UK, has not secured authorization from the Financial Conduct Authority (FCA) before reaching out to investors. This regulatory non-compliance serves as a warning sign.

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

    PRIMEFXT appears to be a scam.

    PRIMEFXT presents itself as a best broker supervised by the Australian Securities and Exchange Commission (ASIC). However, the ASIC register doesn't include any records of this company, casting doubt on its claim.Beyond its assertion of being the best ASIC broker, PRIMEFXT fails to provide any additional regulatory details. This lack of transparency raises concerns. It's worth noting that the domain name, primefxt.com, was only registered in April 2023, contradicting its claim of operating since 2016.Furthermore, this entity, which purports to be based in the UK, has not secured authorization from the Financial Conduct Authority (FCA) before reaching out to investors. This regulatory non-compliance serves as a warning sign.In essence, PRIMEFXT is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.PRIMEFXT appears to be a scam.

Related Complaints

Q&A

Is there a minimum sum for deposit on PRIMEFXT?

Silvio
Maldives
2024-01-11
ANSWER We strongly advise against trading with PRIMEFXT, an unlicensed forex broker.PRIMEFXT claims to be a top broker regulated by the Australian Securities and Exchange Commission (ASIC), but there's no record of it in the ASIC register. It lacks transparency in providing regulatory details and its domain was registered only in 2023, contradicting its operation since 2016 claim. It also lacks authorization from the UK's Financial Conduct Authority (FCA), though it claims to be located in the UK.PRIMEFXT is not regulated, making investments risky due to lack of legal protections. To safeguard their interests, investors are suggested avoiding unlicensed brokers like PRIMEFXT and instead choosing fully regulated ones.
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