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No Regulation
Score
1.25 /10
Danger
PrimeVFX
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Comparison
Expose
Exposure
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Website
Score
Regulatory Index0.00
Business Index4.97
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
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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Warning: Low score, please stay away!
2
Previous Detection :
2024-11-14
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The current information shows that this broker does not have a trading software. Please be aware!
WikiFX Verification
| PrimeVFXReview Summary | |
| Founded | 2022 |
| Registered Country/Region | Australia |
| Regulation | No regulation |
| Market Instruments | Forex, Cryptos, Stocks |
| Demo Account | / |
| Leverage | / |
| Spread | / |
| Trading Platform | Web Trader |
| Min Deposit | / |
| Customer Support | 24/7 support - email: info@primevfx.net |
PrimeVFX was founded in 2022 in Australia, offering forex, cryptos, and stocks trading. It uses its own trading platform, instead of MT4 or MT5. What's more, it is not regulated, and it does not reveal much information about accounts and trading details. Therefore, caution is needed.
Pros and Cons
| Pros | Cons |
| 24/7 customer support | Not regulated |
| Copy trading provided | Not supported by MT4/MT5 |
| Free accounts provided | Limited information about trading details |
Is PrimeVFX Legit?
PrimeVFX is not regulated by the financial services regulatory authority in Australia, which means that the company lacks regulation from its registration site. Moreover, the current status shows that client transferring is prohibited.
What Can I Trade on PrimeVFX?
In PrimeVFX, customers can trade forex, cryptos, and stocks.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Stocks | ✔ |
| Cryptos | ✔ |
| Commodities | ❌ |
| Indices | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Trading Platform
PrimeVFX uses its own trading platform.
| Trading Platform | Supported | Available Devices | Suitable for |
| Web Trader | ✔ | Web, desktop | / |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
Copy Trading
PrimeVFX provides copy trading services for customers. Both beginners and experienced traders can benefit from this service.
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