Is Primus Forex Financial Group a regulated forex broker or a scam?

According to our research, Primus Forex Financial Group is a total scam. The broker is not regulated and has no legal right to provide financial services to public. Moreover, Primus Forex Financial Group  has been suspected in fraud, when pretending to be another company with a better reputation.

About Primus Forex Financial Group
🗺️ Registered inNo Registration
🗺️ Type of LicenseNo License
🛡️ Is Primus Forex Financial Group safe to tradeNo
🗺️ Recommended LicensesFCA in UK 🇬🇧 & ASIC in Australia 🇦🇺
🖥 Alternative BrokerFP Markets - licensed by ASIC in Australia

Primus Forex Financial Group is the clone company of the forex broker Primus Capital Markets UK Limited. The clone claims to have the same address with the original company – 3rd Floor, 9 Devonshire Square London EC2M 4YD UNITED KINGDOM. Therefore, the clone should also be carrying the UK FCA license as the original company does. But the Primus Forex Financial Group is not licensed in the UK or any other countries. In case, of obtaining the STP license from UK’s Financial Conduct Authority, the company would need to pay USD 50,000 and also need USD 100,000 of capital aside from client deposits.

Conclusion

We advise all investors and traders to avoid Primus Forex Financial Group and other clone brokers. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australiaand reliable brokers such as FP Markets and XM.com.

You can also share your trading experience with Primus Forex Financial Group by commenting on this review.

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