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Primus FX

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Operating status: SCAM

Website: https://primusfx.net/

Broker violations and abnormal records
  • 2023-04-23 The Spanish regulator CNMV added Primus FX to warning list

    On April 24, 2023, the Comisión Nacional del Mercado de Valores (CNMV) added Primus FX to its warning list for it providing investment services without authorization: https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&sortExpression=Fecha&sortDirection=1&page=0

    On April 24, 2023, the Comisión Nacional del Mercado de Valores (CNMV) added Primus FX to its warning list for it providing investment services without authorization: https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&sortExpression=Fecha&sortDirection=1&page=0
  • 2023-04-25 BrokersVIew has reviewed that Primus FX is an unregulated broker

    Primus FX claims to be regulated by the Cyprus Securities and Exchange Commission (CySEC). However our search for this broker in the CySEC registry didn't yield any results. This means what it claims about its regulatory status is a false statement to unsuspecting investors. In addition, the Comisión Nacional del Mercado de Valores (CNMV) has added Primus FX to its warning list for it providing investment services without authorization.

    In essence, Primus FX 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. It is unequivocally a scam.

    Primus FX claims to be regulated by the Cyprus Securities and Exchange Commission (CySEC). However our search for this broker in the CySEC registry didn't yield any results. This means what it claims about its regulatory status is a false statement to unsuspecting investors. In addition, the Comisión Nacional del Mercado de Valores (CNMV) has added Primus FX to its warning list for it providing investment services without authorization.In essence, Primus FX 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. It is unequivocally a scam.
  • 2023-04-26 The Italian regulator CONSOB ordered Primus FX website to be blacked out

    On April 27, 2023, the Italian Companies and Exchange Commission (CONSOB) has ordered Primus FX website to be blacked out since it offers financial services illegally: https://www.consob.it/web/consob-and-its-activities/news-in-detail/-/asset_publisher/kcxlUuOyjO9x/content/press-release-of-27-april-2023/718268

    On April 27, 2023, the Italian Companies and Exchange Commission (CONSOB) has ordered Primus FX website to be blacked out since it offers financial services illegally: https://www.consob.it/web/consob-and-its-activities/news-in-detail/-/asset_publisher/kcxlUuOyjO9x/content/press-release-of-27-april-2023/718268

Related Complaints

Q&A

Im looking for a broker that offers USD/HKD. Does Primus FX offer this pair?

ChaudhrySb
Guernsey
2023-05-08
ANSWER Primus FX is an unlicensed broker that we advise against trading with, despite the seemingly attractive deals it offers.Primus FX claims to be regulated by the Cyprus Securities and Exchange Commission (CySEC), but our search for it in the CySEC registry disproved its claim. In addition, both the Comisión Nacional del Mercado de Valores (CNMV) and the Italian Companies and Exchange Commission (CONSOB) have issued warnings against Primus FX for providing investment services without authorization. You can acess the warnings by clicking on the links: CNMV warning, CONSOB warning.Regarding your question, our advice is not to deal with the unlicensed broker Primus FX, no matter what kinds of currency pairs it provides. Using an unlicensed broker like Primus FX could lead to significant risks such as fraud and identity theft, which could be financially and personally devastating. To avoid such risks, investors are suggested to use regulated brokers only.
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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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