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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