By elmen, from Malaysia, October 7, 2021 at 01:07 PM


Answer: Hi elmen,

Primafxonline claims to be a leading trading firm in the region, specializing in online Foreign Exchange, Precious metals, Crude Oil, Indices and Cryptocurrency market. Prima International also mentions to offers its dynamic range of services to both individual and corporate clients worldwide. That’s where we got to question company’s statements. In order to be able to offer services worldwide, Primafxonline needs to have several licenses from different financial regulators, ideally. But in reality, the broker does not hold any licenses and is registered offshore, in Marshall Islands.

Marshall Islands is an offshore zone attracting various firms that for the reason or another escape from the serious regulation or compliance to international service providing. However, in the case of financial investment or trading firms, the company should be a very respected entity, as the statistics show that the majority of non-authorized firms never recovered the sums of investors’ investments. Therefore, we always advise avoiding offshore or companies with no license as there are too many frauds around.

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