Do you want to trade with TradePrimeFX broker? Carefully read TradePrimeFX review to know why you should not trade with this broker.
This article promises to share helpful review to support clients/traders in making the right decision. Kindly read to the end and make your verdict.
Table of Contents
What is TradePrimeFX?
TradePrimeFX located at TradePrimeFX.com is an offshore brokerage company with lot of promises for forex traders . The company is based in London, UK.
The broker offers different account types like —-
In addition, the brokerage promises different instruments like forex, stocks, commodities, crypto, bonds and indices. More so, it presents a zero spread difference in Buy/Sell.
Deposit and Withdrawal
TradePrimeFX Minimum Deposit:
TradePrimeFX deposit is indicated $500 based on the account type. In contrast, a licensed FX broker clearly spells out its regulation and license credibility with no string of fraud, and clients can start trading as low as $100 with the assurance of their trading funds.
Meanwhile, the TradePrimeFX broker provides no withdrawal fees, and no further details.
TradePrimeFX withdrawal leaves us with no specific information on withdrawal fee nor processing days on withdrawal request. The broker provides no clear description on trade requirements that must be met before a withdrawal.
TradePrimeFX presents The MT5, but we found no real proof of it. There are no links to the MT5, and no info to talk about. The one thing we have is a limited MT5 ad that is more misleading that true.
Why use forex brokers with advanced trader like MT4/MT5? You are certain to have the best features of real-time quotes, financial news and various FX and stock charts, as well as algorithmic trading sessions with the help of specially designed trading bots, called Expert Advisors.
As for TradePrimeFX leverage, it can get up to 1:500. Frankly, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
Things You Should Know about TradePrimeFX.com Regulation
First of, TradePrimeFX presents us with a fake US regulation, there are also no legal documents, which is really another way of saying that TradePrimeFX.com is illicit, and proceed with its users in any way it sees fit. Without legal docs, the clients are basically open to all sorts of attacks that cannot be avoided.
Further, this broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.
These are drawbacks for forex traders/ clients to avoid losing money with this scam broker. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.
TradePrimeFX Licensing and Regulation
It is not far from believing that this broker is not a licensed brokerage firm. It is not under any financial regulation which means wiring your money for trading is risky. Its unlicensed and unregulated activities are truly a red flag and must be avoided.
COMPARE WITH A TRUSTED BROKER
Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website
TradePrimeFX located at TradePrimeFX.com disguising to be a trustworthy trading broker, howbeit, that presentation cannot be ascertained. By all appearances, we would advise traders to steer clear from this broker as it likely a platform run by scammers. To this end, we urge our readers to rely on regulated brokers like this or any licensed entity.
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