In this section we will analyze the broker PrimeXclub (also called Prime X Club), is a Forex broker. Is PrimeXclub really recommended to make an investment? Or is it better not to invest with this company? Is it a safe broker? Is a gotcha? We will help you determine it.
You might be wondering why we review PrimeXclub. It is because we have received some messages from clients asking about the company, and we like to think that our reviews page helps investors, by providing key information about the company, we disclose information that every investor should know before leaning or not, for Invest with an investment company.
We carry out this review and assessment, due to the fact that we receive different messages and comments asking about the reliability of the company in question.Are you a representative of this company? Leave a comment responding to customer concerns.
Essential information: Who does it belong to? Where is located? Is it a regulated broker?
The broker mentions being part of: Elit Property Vision LTD.
As to its location, the broker mentions being based in: Bulgaria.
If we analyze the regulation of the broker: because PrimeXclub does not mention anything about being a regulated company, we believe that it is an unregulated broker.
If now we go on to analyze account types that PrimeXclub offers, we note that PrimeXClub does not actually mention information about owning different types of account.
Las platforms to operate that PrimeXclub offers are: apparently MT4.
We will now analyze the different resources and aids for traders that PrimeXclub provides on its website. We believe that the resources and help provided on the website can be a point in favor of the broker.
PrimeXclub provides the following help or resources to traders or interested parties: very basic explanation and without going into detail about the services that PrimeXclub offers, really not much more than this.
Other information about PrimeXclub
Some more information in case you want to contact the company, or see its website for yourself.
Phone number: unmentioned
>>> Rating on PrimeXclub <<
Ending with this section, in our opinion Do we believe that the PrimeXclub company is reliable? Should you invest your money with the company?
The truth is that, we believe that it is better to be careful because: it is an unregulated broker, it is based in unsafe countries (Marshall Islands), it provides very little information about the services that the company offers, when looking for ratings on PrimeXclub we really cannot find no other, which indicates that it is a "new" company. We suggest using caution.
The broker is related to companies with too many complaints and some of these companies have already been warned by various European financial regulators, companies such as Bitcoinie, Wellington Investments, Briton price, Capital 245 y Richmond FG (Richmond Financial Group), among other companies.
On various sites on the web, he apparently mistakenly mentions a broker called PRC Financials, apparently a Russian broker, as well as the logo on the website apparently belongs to another broker called Genius Trading, about which we have not been able to find any information. Incredible as it may seem, he mentions a third broker, also by mistake, a broker called ArgoCommerce.
October 2019 update: CNMV, Spanish regulator, has warned about PrimeXclubWe suggest extreme caution. CNMV also warns that PrimeXclub is linked to ES.FIRSTBTCFX.COM, ES.PROCAPITALFX.COM, ES.BTCGLOBEFX.COM, ES.FIRSTFXCLUB.COM, ES.CAPITALBTCFX.COM, ES.CRYPTOCLUBFX.COM and ES.GAMEBTCFX.COM
We always recommend working only with properly regulated companies, isn't it better to have the protection of a good regulator? Is it worth the risk if there are much safer options to invest?
You have to understand that one of the few measures that really ensure the clients' money is the regulation of the broker, that is, it is probably the most important thing in any broker; THAT IT HAS A GOOD REGULATION, DO NOT BE FOOLED. Good regulation means that there is an authority to which, in case of misunderstandings or problems, customers can complain.
What is your opinion? Have you traded with this broker? Are you a customer? Do you think our opinion is not correct? We invite you to collaborate with us and vote, you can also leave a comment on our website with your experience if you are a client of the broker.
We leave a vote open so that traders, clients and users of the broker can vote.