Prime Forex

WikiFX | 2025-06-16 18:02

abstrak：　　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
Founded	2006
Registered Country/Region	India
Regulation	No regulation
Trading Product	Currencies
Demo Account	❌
Leverage	/
Spread	/
Trading Platform	/
Minimum Deposit	₹50,000 (for door delivery orders)
Customer Support	Phone: 044 2256 6060
Customer Support	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.

Pros and Cons

Pros	Cons
Long history	No 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.

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.

What Can I Trade on Prime Forex?

Trading Instruments	Supported
Currencies	✔
Commodities	❌
Indices	❌
Stocks	❌
Cryptocurrencies	❌
Bonds	❌
Options	❌
ETFs	❌

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 Type	Amount
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)