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Prime Forex

WikiFX | 2026-04-20 23:32

Abstract:  Prime Forex, an India-based currency trading company, was formed in 2006. It is not regulated by India's main financial regulators, such as the RBI or SEBI. The company offers foreign exchange services to visitors, students, and corporations, primarily from Chennai Airport.

Prime Forex Review Summary
Founded2006
Registered Country/RegionIndia
RegulationNo regulation
Trading ProductCurrencies
Demo Account❌
Leverage/
Spread/
Trading Platform/
Minimum Deposit₹50,000 (for door delivery orders)
Customer SupportPhone: 044 2256 6060
Email: support@primeforex.in

Prime Forex Information

Prime Forex, an India-based currency trading company, was formed in 2006. It is not regulated by India's main financial regulators, such as the RBI or SEBI. The company offers foreign exchange services to visitors, students, and corporations, primarily from Chennai Airport.

Prime Forex's homepage

Pros and Cons

ProsCons
Long historyNo regulation
No online trading platform
Demo accounts not available
No info on deposit and withdrawal

Is Prime Forex Legit?

Prime Forex, which is registered in India, is not subject to any of the country's financial regulatory authorities, such as the Reserve Bank of India (RBI) or the Securities and Exchange Board of India.

No license

According to the WHOIS database, the domain primeforex.in was registered on February 5, 2007, and will expire on February 5, 2026. The domain was last updated on May 31, 2025, and is now protected by the following status flags: clientTransferProhibited, clientUpdateProhibited, clientRenewProhibited, and clientDeleteProhibited.

Domain information

What Can I Trade on Prime Forex?

Trading InstrumentsSupported
Currencies✔
Commodities❌
Indices❌
Stocks❌
Cryptocurrencies❌
Bonds❌
Options❌
ETFs❌

What Can I Trade on Prime Forex?

Prime Forex Fees

When it comes to money changers and retail forex services in India, Prime Forex's costs are lower and comparable to the industry standard. The price scheme is easy to understand. There are flat transaction fees and fair delivery fees that depend on the size of the item and how far away it is.

Fee TypeAmount
Forex Transaction Conversion Fee₹100 per forex order (flat)
Minimum Order for Door Delivery₹50,000
Door Delivery Charges- ₹150 (within 10km, ₹50K–₹1L orders)
Fees

Related broker

Not Regulated
Prime Forex
Company name:Private Limited Company
Score
2.04
Website:https://www.primeforex.in
5-10 years | Questionable Regulatory License | Suspicious Operational Region | High Potential Risk
Score
2.04

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