Reason to avoid: No license
Listed Date: March 10, 2019
Top 3 Regulated Forex Brokers
Beware PRIMEXQ is a Non-Regulated broker. It is NOT SAFE to trade.
Is PRIMEXQ a scam or legit broker?
No, it is not safe to trade with PRIMEXQ. The broker doesn’t provide any information about the company behind the brand’s name as well as any regulatory information and the contact details. They superficially mention on the website that the company is licensed, however, they don’t provide any registration numbers or any names of the regulatory authorities.
PRIMEXQ offers its customers an opportunity to trade in Shares, Indices, Forex, Commodities, and Cryptocurrencies with CFDs. According to the website, the broker’s location address is Kärntner Ring 11- 13/2/7/3, Wien, Austria. We have made a research and turned out that this address belongs to the Citibank International Plc Austria Branch, which definitely has nothing to do with PRIMEXQ. Moreover, the brokerage is not authorized to provide financial services in Austria or probably any other country.
We advise all investors and traders to avoid PRIMEXQ and other unregulated brokers. The lack of information about the broker’s regulation, trading conditions and contact details should be the biggest red flag for those who plan to invest with the entity. Usually, such companies run investment scams. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as eToro and XM.com.