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CTX Prime -

Score

1.49 /10
Danger

CTX Prime

Dominica

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://www.ctxprime.com

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Comparison

Quantity 1

Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index6.87

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

Rmd Development Ltd

Company Abbreviation

CTX Prime

Platform registered country and region

Dominica

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-12-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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Exposure

1 pieces of exposure in total
Pyramid scheme complaint
Expose
CTX Prime · Company summary

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

CTX Prime Review Summary
Founded2020
Registered Country/RegionDominica
RegulationNot regulated
Market InstrumentsForex and CFD
Demo Account❌
Leverage1:200
SpreadFrom 1 pip
Trading PlatformWeb based platform
Min Deposit€250
Customer SupportPhone: +442080898491
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.

CTX Prime's homepage

Pros and Cons

Pros Cons
Multiple account typesNo 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.

No license

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.

Account comparison

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

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.

Payment details

User Reviews

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User comment

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Comments

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达哥
more than one year
I had a very disappointing experience with CTX Prime. Their website was down for several days and when it finally came back up, I discovered that they were selling their domain name. This is a clear indication that they are not serious about their business and have no intention of providing a reliable trading service.
I had a very disappointing experience with CTX Prime. Their website was down for several days and when it finally came back up, I discovered that they were selling their domain name. This is a clear indication that they are not serious about their business and have no intention of providing a reliable trading service.
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2023-03-20 17:57
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法律咨询69355
more than one year
The company CTX Prime is selling their own domains. I think this company should be a scammer who should run away with money, because I saw people saying they were scammed. I really hope they can recover their losses soon.
The company CTX Prime is selling their own domains. I think this company should be a scammer who should run away with money, because I saw people saying they were scammed. I really hope they can recover their losses soon.
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2023-03-07 15:06
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