CTX Prime Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-10-22 17:37

Abstract：Founded in Dominica, CTX Prime is an offshore broker lacking a legitimate forex license. Additionally, CTX Prime's website is currently inaccessible, and no detailed information about its trading tools can be found. It claims to offer three types of accounts with access to over 380 trading instruments, providing leverage as high as 1:200, but the minimum deposit required is as high as €250.

　　Note: CTX Prime's official website: https://www.ctxprime.com/ is currently inaccessible normally.

CTX Prime Review Summary
Founded	2020
Registered Country/Region	Dominica
Regulation	Not regulated
Market Instruments	Forex and CFD
Demo Account	❌
Leverage	1:200
Spread	From 1 pip
Trading Platform	Web based platform
Min Deposit	€250
Customer Support	Phone: +442080898491
Customer Support	Email: support@ctxprime.info

　　Founded in Dominica, CTX Prime is an offshore broker lacking a legitimate forex license. Additionally, CTX Prime's website is currently inaccessible, and no detailed information about its trading tools can be found. It claims to offer three types of accounts with access to over 380 trading instruments, providing leverage as high as 1:200, but the minimum deposit required is as high as €250.

Pros and Cons

Pros	Cons
Multiple account types	No Legal regulation
	No info on trading fees
	Unavailable website
	Lack of transparency
	No demo accounts

Is CTX PrimeLegit?

　　CTX Prime is not regulated by any financial authority. It is allegedly owned by RMD Developments LTD, an offshore company located in the Commonwealth of Dominica. However, the financial authorities in Dominica do not regulate forex and CFD brokers. Therefore, do not trust its regulatory claims.

What Can I Trade on CTX Prime?

　　CTX Prime claims to offer over 380 types of tradable instruments. However, since its website is currently inaccessible, no information about the specific types of instruments, beyond futures and CFD trading, is available.

Tradable Instruments	Supported
Forex	✔
Commodities	❌
Indices	❌
Cryptocurrencies	❌
Stocks	❌
Mutual Fund	❌
Futures	❌
CFD	✔

Account Type

　　CTX Prime provides three types of accounts: Nuisance-Free Account, Auto Trading Account and a Social Trading Account. However, it does not provide information about the minimum deposit requirement for each. Perhaps you can open any of them with a deposit of 250 EUR.

Leverage

　　CTX Prime offers a maximum leverage of 1:200, which is relatively high in the industry. However, high leverage also significantly increases trading risk, especially during market volatility. Therefore, it is important to use leverage with caution.

Trading Platform

　　CTX Prime claims to provide a proprietary web-based platform with only basic functions. However, since its website is currently inaccessible, there is no way to test or verify this platform. Therefore, you are advised to choose brokers that have legal permission to use reputable platforms like MetaTrader 4/5 or cTrader.

Trading Platform	Supported	Available Devices
MT5	❌	/
MT4	❌	/
cTrader	❌	/
Proprietary platform	✔	Computer

Deposit and Withdrawal

　　CTX Prime claims to accept payments through bank wire, VISA, and MasterCard, but it turns out they prefer payments with bitcoins. Cryptocurrency payments are often the preferred choice for scammers because they offer a high degree of anonymity and they are typically irreversible once confirmed, making it difficult for victims to recover their losses.