PrimeFX Broker Review

PrimeFX Broker Review – Is PrimeFX.org A Scam Investment Platform?

Some brokers are changing the domain, alleged owner, and headquarters to avoid being blocklisted in a desperate attempt to hide their scamming business. However, PrimeFX could not avoid the inevitable – their scheme was shut down.

This PrimeFX review will share all the details and show you how to get your money back. However, please review our recently updated InstaForex, NovaTechFX and Genix Markets scam broker reviews first.

1. Scam Broker Status: Unregulated
2. Regulated by: Unlicensed Firm (No Regulated)
3. Websites of scammers: pfx-bank.com, pfxbank.com, PrimeFX.org
4. Forex Trading Scam: Active
5. Scam-listed by: FCA, Estonian FI, CNMV
6. Owner of broker: DGX Systems Ltd / Prime FX Ltd
7. Country of headquarters: Commonwealth of Dominica / United Kingdom
8. Year of foundation: 2017
9. Platforms for online trading: MT4, Sirix
10. Availability of mobile trading
11. The minimum deposit is $1000
12. The broker does not offer a deposit bonus.
13. Assets based on cryptography: Available
14. The following trading assets are available: currency pairs (FX), commodities, indices, shares, and cryptocurrencies.
15. Leverage maximum: 1:400
16. The Islamic Account is available
17. Demo Account: No, only live accounts are available
18. US traders are not accepted: US traders are not accepted.
19. Fraud Protection Experts’ Verdict: Don’t Invest in This Scam Broker!

Is PrimeFX Safe And Regulated? – The Importance Of Regulation

Even though regulation is of utmost importance for a broker, PrimeFX is not able to boast about it. When it was established, Prime FX Ltd owned the broker. A warning from the FCA forced the broker to relocate to the Commonwealth of Dominica under the name DGX Systems Ltd. The domain pfxbank.com was changed to pfx-bank.com.

What’s Wrong With the PrimeFX License?

To determine whether PrimeFX is regulated, we had to determine who the broker was. Several Tier 1 registers, such as the FCA and FSU of Dominica, do not list PrimeFX as regulated.

You will not receive any assistance in returning your money in this case.

If you plan to invest money with InvestBY, FXLift, or AppleTrade, think twice before taking any risks.

Scam Warnings Against PrimeFX

Authorities are discovering schemes that run the risk of being exposed. PrimeFX forex brokerage experienced precisely that. First, the UK FCA issued an official warning, then the Spanish CNMV and Estonian FI.

Warning Issued by FCA

Because the broker initially claimed to be based in the UK, it was their authority body that broke the ice and exposed the illicit operation. A fraudulent brokerage without a license, PrimeFX should be reported immediately to the FCA.

PrimeFX Login Problems – One Of The Signs Of A Scam

The PrimeFX login problem is one of the most common issues reported by clients. Brokers block clients’ accounts whenever they request a withdrawal, preventing them from accessing their funds. According to PrimeFX reviews, this has happened many times, so if you weren’t able to access your account during the website’s operation, you might have been scammed. We can assist you in retrieving your funds in such a case.

PrimeFX Withdrawal Issues – No Money Withdrawal Guarantees

We have determined that PrimeFX is not regulated, so there are no guarantees regarding your funds. No official authority could help you recover your funds if the broker scammed you. Nevertheless, you always have the option of disputing the charge and requesting a chargeback within the deadline. To help you get your money back, we’d love to hear about your story.

What To Do If You Fall For A PrimeFX Scam? – File A Complaint!

If you believe PrimeFX has scammed you, please do not hesitate to contact us. You can start the process by collecting the evidence, filing a dispute, and engaging our chargeback specialists. Let’s get your money back before it’s too late. Contact us via online chat and schedule your free consultation.