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Danger
UK FCA
2024-05-02
PRIME ASSET FX 
PRIME ASSET FX
No Regulation
Score
1.30 /10
Danger
PRIME ASSET FX
2-5 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
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Comparison
Expose
Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index5.39
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
open now
Regulatory disclosure
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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!
WikiFX Verification
Note: PRIME ASSET FX's official website: https://www.primeassetfx.com is currently inaccessible normally.
| PRIME ASSET FX Review Summary | |
| Founded | 2016 |
| Registered Country/Region | United Kingdom |
| Regulation | Unregulated |
| Market Instruments | Forex, cryptos, indices, stocks, energy, commodities |
| Demo Account | ❌ |
| Leverage | 1:500 |
| Spread | From 0.08% |
| Trading Platform | MetaTrader 4 |
| Min Deposit | £500 |
| Customer Support | Email: support@primeassetfx.com |
| Physical Address: Wenlock Road 20-22 N1 7GU London Unitied Kingdom | |
Prime ASSET FX, a financial services provider established in the United Kingdom in 2016, offers forex, cryptocurrencies, indices, stocks, and commodities trading, all through the MetaTrader 4 trading platform. It is worth noting that the platform operates without regulatory oversight.
Pros and Cons
| Pros | Cons |
| Various trading choices | Lack of regulation |
| Multiple trading accounts | Unavailable website |
| MT4 supported | High minimum deposit |
Is PRIME ASSET FX Legit?
PRIME ASSET FX is not regulated, which indicates the absence of oversight from established financial regulatory bodies. This poses inherent risks to you when engaging in trading activities with the broker.
What can I Trade on PRIME ASSET FX?
PRIME ASSET FX offers a wide range of trading instruments, including forex, cryptocurrencies, indices, stocks, energy, and commodities.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Stocks | ✔ |
| Cryptocurrencies | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
PRIME ASSET FX offers three account types to cater to the needs of beginners, experienced traders, and professional traders, with minimum deposits ranging from £500 to £10,000.
| Account Type | Min Deposit |
| Starter | £500 |
| Classic | £5,000 |
| Platinum | £10,000 |
Trading Platform
PRIME ASSET FX utilizes the MetaTrader 4 (MT4) trading platform, which is widely recognized and highly popular. However, since this broker lacks legal regulation, we speculate that it may not have obtained official and legal permission to use the MT4 platform.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Computer and phone | Beginners |
| MT5 | ❌ | / | Experienced traders |
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