PrimeFX Markets Review: a Horrible Scam

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PrimeFX Markets Review: a Horrible Scam

PrimeFX Markets is a company that would not recommend to investors. The characteristic that they have shows that they have no good intention. The entity location is at St. Vincent and the Grenadines.

It is clearly an offshore entity that we should not trust with their funds. The firm is a legendary Trading Forex indices stocks and commodities. The minimum amount that they accept from the Investor is $100. However, it does not state the available trading platform.

The design of the website is low, and the majority of their links are broken and do not lead to anyway. We tried signing up, but the whole process was futile and tiresome. The entity is clearly not serious because they should have noticed the error.

The company does not appear to be conducting any investment services. They are acting as affiliate promoters, and we would advise investors to watch out for the entity. Legit Forex trading companies are professional and care about their clients. Unfortunately, PrimeFX Market is not one of them, and joining the venture will only lead to huge losses.

The website doesn’t have essential data that can create trust with their clients. The company fails to feature the terms and condition page; therefore, you do not know what you are exposed to. An investment entity that does not have set rules and guidance can operate in whichever manner that they please. Review

You will agree to abide by the terms of the company. Imagine signing up for invisible rules? You will be trusting an anonymous platform with the safety of your money, what an unwise decision. The red flag that  PrimeFX Markets have is multiple and should not be taken lightly.

PrimeFX Review, Review

In case you are wondering whether you are going to make profits using this entity, we would love to disclose that the only thing you will get is devastating losses. The company does not have a section that you can create your account unless they have changed. Moreover, they don’t have a working guideline.

Clients are only going to get the worst experience from this entity. You can expect all sorts of additional charges or loss of earning. The entity state that they are using the MT5 trading platform. Unfortunately, investors cannot download the interface from the website.

It seems that the entity is customized to having errors in almost all of its pages. We would love to urge investors to stay away from this dirty entity. You will only lose funds if you engage with this venture. You should not give the entity a chance to steal from you. Walk away while you still can.

The entity has not acquired the feedback from their clients. You should only venture with the reputable entity as you will know your funds are secure. The link is broken, which is not a very appealing factor and should be taken as a red flag.

Withdrawal and Deposit

The company fails to feature all the relevant information regarding their Withdrawal process. We do not know if there are any additional charges for their customers. Additionally, the company does not disclose the minimal amount that you can cash out.

The least amount of funds that you can deposit in this company is $100, and there is no maximum. There are various methods that you can use to cash in. These include; wire transfer, Skrill, Bitcoin, Neteller, and credit cards.

PrimeFX Markets does not have a policy for dormant accounts. They, however, claim that they do not charge their clients an additional fee while transacting. However, the entity features a partnership program but provide fluff content.

However, we could not verify the claims. We would urge investors to deposit money only using credit cards. You will have fund safety, and you can issue a change back even after 540 days. Of course, some Ponzi schemes will display the visa card option, but it is, however, not available.

Leverage and Spread

The company indicates that they offer a leverage of 1:1000 to their clients, which is pretty high. However, on their account, we did not see any investment package that is offering anything close to the figure. The higher the company goes is 1:500.

However, high leverage is suitable for expert traders. Novice traders might end up making huge losses by trusting the wrong entity. You might lose all your earnings in a span of a few seconds. It is, therefore, important to manage your risks and know what is involved.

Nonetheless, it is also important that you stick to trustworthy ventures to avoid unconvinced. Investors should be keen when it comes to the safety of your funds. The spread of PrimeFX Markets ranges from 2.0 pips up to 0.5pips. The more you deposit, the tighter the spread.

Contact Details

To contact this shady venture, you can give them a call via; +447452309585.  You can additionally leave them an email or fill a contact form. The company lacks transparency, and they could be using a fake phone number.

They will contact you when they need more cash. However, after that, you will only end up being ignored. We do not know the actual location despite them featuring the country they are allegedly based on.

Regulatory Status

The company is not operating legally; they lack the necessary documentation that regulatory bodies issue. Moreover, the platform is accepting funds from investors around the world. The government of St Vincent and Grenadines does not authorize Forex trading.

Therefore, this is a location that the majority of the scammers claim to be located. If you make the mistake of entrusting this scam with your money, they will steal all of it without having any second thoughts. You need to be very cautious and refrain from Unregulated entities.

PrimeFX Markets does not disclose the organization that is supervising the operation of the company. You should not give such an opportunity to handle your money. There are better-licensed companies in the market that has no intention of stealing from their clients.

Safety of funds

You will never get fund safety from a shady venture, and this is because they do not have a license. Additionally, you will only have bad experiences from the venture. For starters, the company does not feature important information on its website.

The missing data shows that this is not a serious investment venture. Additionally, the company does not safeguard investors’ money. In case they exit the market, you will not get a penny from the entity. This is because there is no compensation scheme in place.

The red flags are many, and we did not find anything positive regarding the entity. The safety of your money should be a priority. Avoid trusting blindly. Additionally, stick to regulated firms in the market to have the best experience.

Final Verdict

PrimeFX Markets is a company that claims to be based in an area that attracts many scammers. Novice traders might believe that there firm is regulated while it is running on their own accord. Refrain from engaging with this shady company to avoid losing funds.

Invest with legit Forex trading companies in the market that are reputable and transparent. They do not have additional charges. Furthermore, they are also regulated by the relevant authorities. In case of bankruptcy, you will also be compensated.

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