PrimeXQ (Primexq.com) is a bullish CFDs and Forex broker alert that investors must be warned of. Complete with all the goodies that make a scam work, we are here to reveal all their dirty secrets. Complaints sent to us by members of this brokerage firm induced us to investigate Prime XQ. Want to know their dirty little tricks? Read this honest and detailed review to find out what PrimeXQ is all about.
Scammers make an effort of making a website look legit and trustworthy. PrimeXQ is no different as their homepage looks and feels legit. This is exactly what fraudsters are after, first impression. Once they know that a homepage looks real, investors will want to try it out. Next thing they will do is throw in over the moon promises. Prime XQ does this exceptionally well. They simply have overrated promises.
Promises such as having an innovative trading tool that is aligned with your goals is one such promise. What they’ve done is align your need of getting quick money with a promise that they can make money. Promises such as taking time to listen and understand what matters are all lies. Here, we will expose all their dirty secrets and help you open your eyes. Don’t open an account until you read this review.
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One of the first red flags we spotted with PrimeXQ is that there’s no clear owner of this platform. Is Prime XQ owned by a single person or a company? Disclaimer at the bottom of the page does not divulge any details at all. This is a real bummer since no investors should invest in an unknown entity. For all we know, members are depositing money to the owner’s personal bank account.
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Another disturbing detail with PrimeXQ is that they don’t offer their services to United States and Japanese citizens. It means that the governments of these countries have banned the use of this product. Owners of this platform know this and have gone underground. What about their contact details, are they fake too? Contact details used are fake and no one can prove otherwise. Its clear we are dealing with a rogue broker.
PrimeXQ is NOT REGULATED OR LICENSED to operate any financial services anywhere on the face of the planet. What we did in order to confirm this was contact the relevant regulatory institutions. First institution we contacted was the Financial Conduct Authority. They haven’t registered PrimeXQ. Next regulatory body we contacted was CySEC. They were on the verge of banning Prime XQ.
This means that we are dealing with an entity that has no jurisdiction anywhere on the face of the planet. PrimeXQ is not registered or licensed to conduct any Forex business on behalf of investors. This practically means that Prime XQ is conducting Forex business illegally. Why would anyone sign up with an illegal platform? Now you know better than to open an account with PrimeXQ.
Funds with Prime XQ are not kept in a segregated account. This means that all member funds are kept under one account which is very risky. As we mentioned above, investors maybe depositing money straight to the owner’s personal account. Best thing to do is to stay away from PrimeXQ as it will lead to loses. This also means that transactions and personal data is not safe at all. Why haven’t they mentioned their third-party institutions?
According to what this platform claims, they have deposited money to a third-party financial institution. Which institutions are these? Where are they banking money deposited in their accounts? If we had details of this, it would be easier to confirm their third-party affiliate. Folks, we are not satisfied with their claim that money is safe. If funds were safe, we would not receive many complaints.
Another disturbing detail with this broker is their trading platform. PrimeXQ claims to use MetaTrader4 as their main platform. MT4 is the industry’s accepted standard platform. Sadly, Prime XQ’s platform did not work on our devices. Desktop, mobile, and tablet devices did not sync with their platform? Why? Download did not complete.
A platform that does not complete download simply means one thing, it’s unstable. An unstable platform is bad for business and risky for investors. Hackers can easily take over this platform and steal your credit card details. Worse still, they can take over the platform and steal your deposits and personal data. This has happened before with unstable platforms. Best is to avoid PrimeXQ.
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One of the things that make this platform get so many victims is their fake claims. Fake claims such as being a trade-oriented broker is what traps most Forex victims. Making fast and easy money is what these scammers take advantage of. Claims such as super-fast speed in execution of orders is also another fake claim. How can it be super-fast while the platform itself does not work?
Don’t be lured into believing Prime XQ is legit, it’s not. Only sure thing about this broker is that they are a professional scam outfit. Promotional material sent by these people should be ignored at all cost.
Live chat support team is powered by Skype. That’s not all, since we have a Skype account, we decided to make contact. Sadly, only option we were left with is leaving a message. There’s no way members can get help from their live support team. What about leaving a message? This does not help as we have not received any feedback from their live support team.
Simply stay away from Prime XQ. Best thing to do is ignore all their promotional materials. Also, mark all their emails as Spam and never click to any links. It has been noted by our technical team that these links are pure malware.
Only option left for us to do is blacklist this crappy Forex broker. Make sure you never open an account with these fraudsters. Always trade safely and with ease when dealing with Forex or any other trading.
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