Is FXprime Scam or Legit broker?

It is not safe to trade with FXprime as it is an offshore broker. FXprime is owned and operated by Royal Gates LTD, registered in St. Vincent and the Grenadines.

However, the fact is that St. Vincent and the Grenadines is an offshore zone, which does register the financial investment firm, but provides very poor if none requirements for the company's operation. That means, the broker is not regulated, not overseen, and does not comply with strict international rules that provide protective measures to the traders.  Therefore, it became an offshore zone for shady forex brokers such as CVC Markets, AAG Markets, and more. Read more about St. Vincent and the Grenadines regulation by the link.

About FXprime
🗺️ Registered inSt. Vincent and the Grenadines
🗺️ Type of LicenseOffshore License
🛡️ Is FXprime safe to tradeNo
🗺️ Recommended LicensesFCA in UK 🇬🇧 & ASIC in Australia 🇦🇺
🖥 Alternative BrokerFP Markets - licensed by ASIC in Australia


What is FXprime?

FXprime claims to be an industry leader in the Forex and CFD markets. It promises to deliver a powerful, user-friendly, and fair trading platform. Trading at FXprime allows its clients to benefit from tight spreads and low commissions (Low Spread Brokers). FXprime offers a slew of tools for traders to take advantage of, including stop-loss, take profit, entry limit, and entry-stop orders. It provides a web-based platform and a leverage of up to 1:200. On this platform, clients can trade the most popular assets - currencies, commodities, and indices. Fxprime clients benefit from intensive training, dedicated service, and 24/5 professional customer support and assistance.

  • The broker doesn’t provide any information about its regulation as well as its location. It provides the contact phone numbers with UK country codes, however, FXprime is not regulated in the UK or any other country.
  • In addition, the broker has gotten on the warning list of the Belgian regulator FSMA

“During the last weeks, the FSMA continued to receive complaints from consumers concerning new fraudulent online trading platforms that are operating in the Belgian market. The FSMA therefore strongly advises against responding to any offers of financial services made by the following trading platform: FX prime (”

FXprime - official websiteFXprime in India

FXprime allows Indian traders to open accounts and trade. However, FXprime has no mention of complying with any Indian regulators on its website. It is also worth mentioning that Forex trading is actually prohibited in India. The broker is not regulated by any regulatory body in India, that’s why money safety may be the issue here.

FXprime in the USA

FXprime is not legal in the USA and is not available for American traders. As per U.S. law, brokers regulated by CFTC are the only brokers allowed for USA traders. So, except for FXprime, you are only permitted to trade with the U.S-regulated platforms

Deposits & Withdrawals

The minimum deposit is 250 USD for a Basic account. Fxprime supports the standard Visa and MasterCard, however, popular e-wallets Skrill and Neteller are not available.

Withdrawal conditions are not clear as well as possible deposit/ withdrawal fees. 


The platform is not available for mobile trading via mobile devices. 

Demo Account

FXprime does not provide a demo account for its traders. 

FXprime Review Conclusion

Overall, there are many questions in regard to the trust of the FXprime company services, its trading conditions, and its operations in general. We strongly advise opening a trading account only with brokers that are regulated by respected world authorities that comply with the required set of rules and have a good reputation through the delivered timeframe of operations. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as AvaTrade and

FXprime Update

Based on our findings, the FXprime website is no longer active. This means the broker has muted its trading offerings and does not operate, however, we recommend avoiding and staying alert in case of any proposals. 

No news available.

6 responses to “FXprime”

  1. I have been approached by a man called Ryan_finch_fx on Instagram.. he added £500 to an account I started, due to being scammed before, he offered to help, my profit is reaching £3,800 in order to withdraw he is requesting my personal Instagram login details??
    Can anyone help

  2. I lost my hard-earned money to the web by the solicitor using the name of Mr. Ken McElroy – the famous real estate investor. I don’t know it’s a scam or not or if it’s the real Ken McElroy or not, all I know is that I deposited into its account, and never be able to withdraw any amount from it.

  3. I was approached by a man called MARK HADDEN using the e-mail of to invest $300 will get $3000 after 24hours by the time I wanted my profit he demanded another $200 when I requested my money back he said he will do it and he never responded to my messages again…when I requested NETTELER to interven they said they don’t offer that services…

  4. buenas ami hijo lo estan estafando este bkoker FXprime no le ha querido devolver el dinero que con tanto esfuerzo se gano relizo su deposito y busco de sacar su ganacia y ya este es el tiempo que no ha podido retirar su dinero estamos desesperado ya que era lo unico que teniamos y no sabemos que hacer ya.

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