CTX Prime 　　

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

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.

Pros and Cons

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.

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.

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.

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.

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.