If you are looking to read CapitalPrimex reviews, you are in the right place. Is this broker CapitalPrimex.com a reliable broker? Read reviews to know about this forex broker whether to use or not.
This content promises to share helpful review to support clients/traders in making the right decision. Kindly read to the end and make your verdict.
What is CapitalPrimex?
CapitalPrimex FX otherwise known as CapitalPrimex.com is an offshore brokerage with a lot of promises for forex traders. The forex company has its address in the US.
The brokerage presents on its website licensed by the Securities and Investments Commission and an alleged UK branch office.
Further, the brokerage promises different instruments like forex, stocks, commodities, crypto, bonds and indices. Also, it presents a zero spread difference in Buy/Sell.
CapitalPrimex Minimum Deposit
CapitalPrimex FX deposit is specified $1, which is a good way to attract traders. In contrast, licensed FX brokers clearly spell out their regulations and license credibility with no string of fraud, and clients can start trading as low as $100 with the assurance of their trading funds.
This broker mentions deposit via crypto wallets — a BTC and an ETH. This is typical for scammers, as they usually try to hide something shady.
Just so you know, offshore brokers are commonly known for accepting crypto currencies. For this purpose, payments made through this method are anonymous and can only be traced to a wallet address and not to a specific person. So beware!
CapitalPrimex 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.
CapitalPrimex openly offers no trading software. In the client area the broker makes us think that the simple and useless third party chart is a trading platform, a web trader, but in truth it’s completely useless and misleading.
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.
CapitalPrimex leverage is indicated 1:500. Honestly, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
What We Discovered about CapitalPrimex.com Broker
CapitalPrimex claims to be licensed by the Securities and Investments Commission. The latter does not regulate the broker. So, we can put a full stop on the Securities and Investments Commission claim.
CapitalPrimex is registered in the United States, a country that is known for harboring the most severe and scrupulous FX trading rules and laws, courtesy of the CFTC and the NFA, the most strict regulators of al
More so, 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.
CapitalPrimex FX 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
CapitalPrimex FX located at CapitalPrimex .com claims to appear like a genuine trading broker, however, you should not take the words they say. From indications, we would advise traders to steer clear from unlicensed brokers as they likely a platform run by scammers. Thus, we urge our readers to rely on regulated brokers like this or any licensed entity.
Was the information helpful? Please share with us your experience in the comment section below.