Reason to avoid: No License.
Listed Date: October 15, 2018
Top 3 Regulated Forex Brokers
Beware FXPrimes is a Non-Regulated Broker. It is NOT SAFE to trade.
- Company name:
- Registration Address/ License:
Hong Kong. No License or Regulation.
FXPrimes is a trading name used by the financial service company, which claims its office location in Hong Office, 9 years of experience in Forex trading service delivery, numerous worldwide awards and clients from 41 countries. The broker delivers trading on Managed Forex, Crypto trading and Futures portfolios along with the competitive pricing offerings and advanced solutions.
However, for the financial companies incorporated in Hong Kong, there is an obligation to be registered and regulated by the local authority SFC, which oversee the Forex industry in HR and it is not the case of XMarkets. In addition to that even though, there are no many reviews, complaints or even the warnings received in regards to the XMarkets, yet there is no guaranteed trust to the service provided. It was some issues revealed while the traders tried to withdraw the funds which are the typical issue, yet not confirmed officially. Nevertheless taking in consideration all above still we recommend avoiding trading with XMarkets as it potentially involves significant risk to lose funds.
Alongside to the non-licensed or authorized operation, it is clearly stated by the world authorities that unlicensed entities most often confuse investors while information reveals legitimate financial services, however, often raise concerns. Therefore, in order not to fall into unscrupulous actions, it is advised to choose among well-regulated brokers from the reputable jurisdiction, which includes also Financial Hub Hong Kong, with its regulated by Securities and Futures Commission (SFC) firms.