ANSWER Farmax Prime is an unregulated trading platform.Its website is of low quality and missing many important elements and information. It does not give a clear and detailed introduction of its products and services, nor does it disclose its company and regulatory information. It seems to be operating without a license. Farmax Prime only provides an email address for investors to reach them, which can be easily falsified and altered. If it shuts down or vanishes, its clients will not be able to get in touch with it and recover their money or seek compensation.Therefore, Farmax Prime has no regulation from any entity. Investing with this platform is very risky, as there are no legal safeguards to protect the funds. To mitigate risks of fraud and identity theft, we strongly suggest investors steer clear of unregulated brokers like Farmax Prime and instead choose a fully regulated one instead.
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