FXprime claims to be an industry leader in the Forex and CFD markets. Trading at FXprime allows its clients to benefit from tight spreads and low commission. It provides a web-based platform and a leverage of up to 1:200. 

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

Is FXprime  a scam or legit broker?

No, 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.

St. Vincent and the Grenadines is notorious for its practically absent requirements and regulations. Due to the setup cost is low and it does not regulate forex trading. Therefore, it became an offshore zone for shady forex brokers such as FTE FX, PrimeXBT and more. You can read our detailed article about the risk of trading with brokers from St. Vincent and the Grenadines.

The broker doesn’t provide any information about its regulation as well as its location. It provides the contact phone numbers with UK’s country codes, however, FXprime is not regulated in the UK or any other country. 

In addition, the broker has gotten in 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 (www.fxprime.io)”

We advise all investors and traders to avoid FXprime  and other offshore brokers. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as FXTM and XM.com.

You can also share your trading experience with FXprime by commenting on this review.

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3 responses to “FXprime”

  1. 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.

  2. I was approached by a man called MARK HADDEN using the e-mail of sonnia42030@gmail.com 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…

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