✔️ Information reviewed and updated in April 2024 by Pedro Martínez González
In this section we will analyze the broker Prime FX (owned by PFX Bank, which in turn is part of CRLINK Limited), in some cases it is also called PFX Bank. Is Prime FX a trusted broker? We will not only analyze the broker's website, but also user comments, reviews, and the reputation that the broker has on the internet.
Prime FX is a Forex and CFD broker and owns based in Dominica (also known by its official name "Commonwealth of Dominica"), a small island very close to Puerto Rico and the Dominican Republic. The broker does not mention anything about its regulation which is already a bad sign, we believe that it is an UNREGULATED broker.
Now we will go on to analyze the different types of account that the broker offers. This broker offers 4 different types of account.
We will start by analyzing the Silver account: the minimum initial deposit is $ 2500, the spread is fixed from 1 and variable from 0.5, the maximum leverage is 1: 400.
This type of account is followed by the Gold account: the minimum initial deposit is $ 1000, the spread is fixed from 0.7 and variable from 0.5, the maximum leverage is “on demand”.
This type of account is followed by the Platinum account: the minimum initial deposit is $ 25.000, the spread is fixed from 0.4 and variable from 0.3, the maximum leverage is also on request.
The last type of account is the Islamic account: the minimum initial deposit is $ 2500, the spread is fixed from 1 and variable from 0.5, the maximum leverage in this case is 1: 400.
Notably platforms to operate provided by Prime FX are: Sirix and MT4. Here are more specifications on the types of accounts in case you want to go into more detail:
Now we will go on to analyze the broker's website in search of resources and help for the trader.
Some of the resources are: economic calendar (for some countries it is blocked), graph analysis (for some countries it is blocked), fundamental analysis (although it is in English), technical analysis (also all in English) and a section FAQ (also entirely in English).
PrimeFX and FXC Markets, are they the same company?
In the next series of images, on the left the Prime FX or PFX Bank website and on the right the FXC Markets website (you can read here the review on FXC Markets), we will see similarities that make us believe (thanks to Martin for pointing this out) that it is the same company, or the same people behind the broker:
In this first image, notice the Menu, at the top, it is the same, the sections and their order: "Accounts - Markets - Platforms - Tools & Resources - Partnerships - About PrimeFX / FXC", click here. to see the image in full size:
In this second image we see the section "Fx Trading Conditions" the texts are exactly the same, click here. to see the image in full size
Here, we notice in the "Commodities" section again, the texts are exactly the same, click here. to see the image in full size
In the fourth image the “Risk Disclosure” or Risk Warning, again, the text is exactly the same, click here. to see the image in full size
In the fifth and last image, in the section “Switch to PrimeFX” and “Switch to FXC Markets”, again, the text is exactly the same, click here. to see the image in full size. There are more examples on the website that show what we are aiming for.
Other information about Prime FX
We will leave you some more information in case you want to contact the broker, or see their website for yourself.
Website: www.pfx-bank.com/en/
Telephone+ 44 7441900076
Email: [email protected]
Ending with this section, in our opinion Prime FX broker, not trustworthy, due to lack of relevant information on its website (such as its regulation) and also due to different comments and emails received from customers.
January 2018 update: Due to numerous negative comments and emails from Prime FX clients expressing that they were unable to withdraw their money, we believe that Prime FX is not a reliable broker, it is also an UNREGULATED broker.
What is your opinion? Have you traded with this broker? We invite you to collaborate with us and vote, you can also leave a comment on our website.
We leave a vote open so that traders and users can vote for the broker.
[democracy id = ”15 ″]
We are conducting a vote on which is the best broker - You can vote and see the results here
Hello, I thought that it happened only to me but I see that there are many people and a lot of money is incredible, they bother you until you are tired and then nothing can not withdraw the money. They are scammers hopefully they stop them.
Hello Jeily, thank you very much for sharing your experience with us, do you remember how you came to find this company?
A greeting.
I need help.PFXBank / PrimeFX does not want to return anything of the 65000 EUR. That I have balance in my account.My equity is 115000 EUR, I deposited 33000, I have profit of 32000, in total, my money is 65000 EUR, I have them I requested withdrawals of 3000, 5000 and 10000 and they have not returned anything. 2/3 months ago they answered me emails apologizing for the delay in withdrawals but, now, they no longer attend anything, neither calls nor emails. Any recommendation or opinion What can I do about?
Hello Guillermo, thank you very much for sharing your experience with PFX Bank with us, since it is difficult to recover the money since it is an unregulated broker. We suppose that you should contact one of the financial regulators in Mexico and file your complaint, we leave you rankia .mx / blog / best-certificates-deposit / 1845552-who-regulates-financial-system-mexico, greetings.
CAN YOU KNOW FROM ANY LAWYER, WHAT TAKES THIS TOPIC?
My husband, another scammed. They call and call and tell you that in order not to lose the money because it is negative, you have to put in more money, so until you say enough, now they no longer call, they can be on the phone for 1 h. to convince you to enter more money, tomorrow we will go to the lawyer, but we do not expect anything
Hi Bel, thank you very much for sharing your experience with us, do you remember how you came to find PFX Bank? All the best.
Thanks for the reply, for a telephone on the internet.
Hello everybody. pfxbank called my cell phone and they did not leave me alone until I got the money. and then it happens as people comment here. when I looked for the information about that broker at that moment there was nothing. I imagine they were only starting to scam in Spain. Well, no one wants to improve life in some way and meets the mob without shame. greetings to all and cheers.
Hi Lyudmyla, thank you very much for sharing your experience with Prime FX, do you remember how you came to find them?
All the best
Hello, my name is Raquel, and I was scammed a lot of money, I'm talking about more than € 40.000
When they apparently needed investments, they kept calling you constantly, but when you talked to them about withdrawing your invested money because you need it, they disappear and show no signs of life. The truth is that I feel quite helpless, angry and others, the bad thing is that I do not know what can be done to recover the scammed money. Has anyone a solution? I'd be really grateful
All the best
Hello Raquel, thank you very much for sharing your experience with the broker with us, we are very sorry that you have gone through this situation, as for a solution, it is difficult to find one, since you voluntarily put your capital there. Could you expand your experience a bit?
All the best
friends, when I wanted to put money in, they called me 8 times a day now that I want to get it out, they limit themselves to sucking automatic chores and no god calls you. I've been an idiot, I know, don't be. They are going to get smart my advice for now, don't even ask. My question is a company that operates internationally doing things that are not legal can follow. I doubt they are in London but I find my broker even if it is lp meet as he does not call me on Monday ……………………………… .. ahala I was wrong
Hello Raúl, thank you very much for sharing your experience with us, greetings.
I had to work with that company. and if they are thieves they cheated me out of 6 thousand euros. They closed the account that I have availability to her. do not withdraw anything from earnings that earn almost up to 20 thousand they made moves for me. opening and closing movements. well, they are a total scam. they have already opened a fraud investigation in Spain. Talk to the attorney handling the general case. He told me that there are people who cheated more than 100000 euro. I think that is not going to stay that way. you have to put an end to all this.
The person who wants to work with pfxbank does not think that he is going to lose, not better said, give the money to those scammers.
Hello Luydmyla, it is a shame to read about your situation, do you remember how you came to find PFX Bank? All the best
I wish to communicate che non seven affidabili per niente. Siete dei ladri mi avete scrub la bellezza di E. 15.700 facendomi fare operazioni consigliate da quel soggetto chiamato MORELLI ANDREA che mi has fatto lose tutto.
Siete dei ladri. Today I have seen what if this is moving, I saw that I have been blocked on the site of the Guardia di Finanza di Roma. My wish is that the other person I saw denunceranno per truffa, in the way that he possiate ridare and soldi a person truffate as il sottoscritto. Rough che vi fanno chiudere così non truffate più nessuno.
Hello Antonio, thank you very much for sharing your opinion with us. We have translated your message, since most of the people on this website speak Spanish, greetings!
Here we have a message from an apparent Italian Primex FX or PFX Bank client, we translate it with Google translate, and the message says the following: I want to tell you that you are not trustworthy at all. You are the thief who frustrated me the sum of € 15.700 by making me do the best things that the song called MORELLI ANDREA made me lose everything.
You are a thief, when I saw something moving, they blocked the site from the Guardia di Finanza in Rome. I hope other people report scam to you, so you can return money to stolen people as my undersigned. Hope they make you shut down, so don't cheat anymore.
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Ciao Antonio, grazie molto to see you share your opinion with noi. Abbiamo tradotto il tuo messaggio, seen that the maggior part of the person his question is parla espagnolo, saluti!
It's very good
Hello Vero, thank you very much for sharing your opinion, greetings.
I would like you to tell me about your experience