PRIMEXQ Review 2024

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What is PRIMEXQ?

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PRIMEXQ appears to be related to a trading platform. However, the exact details and context of PRIMEXQ in relation to forex trading are not available based on the current information. It’s recommended to refer to the official resources or contact the service provider for accurate and detailed information. Please note that trading in forex involves risk, and it’s important to understand the terms and conditions before engaging in such activities. Always consider seeking advice from a financial advisor or other qualified professionals.

What is the Review Rating of PRIMEXQ?

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    The Weighted Average Review Rating calculated by Forexbrokersinfo for PRIMEXQ is 0.

    What are the Pros of PRIMEXQ?

    PRIMEXQ, a Forex broker, has several potential advantages that may appeal to traders. Here are some of the key points:. 1. MetaTrader4 Supported PRIMEXQ supports the MetaTrader 4 (MT4) platform. MT4 is a popular and reliable trading platform that many traders are familiar with. It offers excellent charting capabilities and supports automated trading bots known as Expert Advisors. 2. Wide Range of Tradable Assets PRIMEXQ offers a wide range of financial instruments for trade. This includes more than 50 currency pairs, 20 worldwide tradable indices, and international equity/stock. In addition, PRIMEXQ has included a lot of cryptocurrency CFDs in its product portfolio, which can be traded against USD, EUR, JPY, and GBP. 3. High Leverage PRIMEXQ offers a high leverage ratio of up to 1:400. This means that traders can potentially generate significant profits from relatively small investments. However, it’s important to note that high leverage also comes with high risk. Please note that while these features may be advantageous, PRIMEXQ is not regulated. , which could pose significant risks. It’s always recommended to trade with a regulated broker to ensure the safety of your funds.

    What are the Cons of PRIMEXQ?

    PRIMEXQ, an offshore broker, has several disadvantages that potential investors should be aware of:. Lack of Regulation: PRIMEXQ is not regulated. , which means it does not have a legitimate license to operate in any regulated markets, including the European Union. This lack of oversight can pose significant risks to investors’ funds. Blacklisted by the FCA: PRIMEXQ was blacklisted by the UK’s Financial Conduct Authority (FCA) on January 25, 2021. This further raises concerns about the broker’s credibility and reliability. Limited Deposit Methods: Despite promising support for various payment methods on its website, PRIMEXQ only offers credit cards as a deposit method. This lack of flexibility can be inconvenient for investors who prefer other payment methods. High Minimum Deposit: The minimum deposit for PRIMEXQ is $2000. , which is considerably higher than what many other brokers require. This high entry barrier may deter small-scale investors. Unclear Trading Conditions: The trading conditions presented on PRIMEXQ’s website are unclear and contain contradictory information. This lack of transparency can make it difficult for investors to make informed decisions. Third-Party MT4 Provider: PRIMEXQ’s MetaTrader 4 platform is provided by a third party. This could potentially lead to issues with platform stability and reliability. In conclusion, while PRIMEXQ offers a wide range of financial instruments for trade and supports the reliable MetaTrader 4 platform. , the broker’s lack of regulation, high minimum deposit, limited deposit methods, and unclear trading conditions raise significant concerns. It is always recommended to trade with reliable and regulated brokers.

    Is PRIMEXQ Regulated and who are the Regulators?

    PRIMEXQ is a firm that has been operating in the financial sector. However, it is important to note that this firm is not authorised or registered by the Financial Conduct Authority (FCA). This information is crucial for anyone considering doing business with PRIMEXQ, as dealing with an unauthorised firm carries significant risks. PRIMEXQ has been found to be a clone firm. Clone firms are fraudulent entities that copy details of FCA-authorised firms to try and convince people that they are genuine. In the case of PRIMEXQ, they have been contacting people pretending to be an authorised firm. The contact details given out by PRIMEXQ include an address at Kemp House, 160 City Road, London, UNITED KINGDOM, EC1V 2NX, and telephone numbers +39 3399957868 and +44 7700100925. They also use the email address support@primexq.com. However, these details are likely to be false and may change over time. The fraudsters behind PRIMEXQ claim to work for two FCA-authorised firms: Prime Business Finance Ltd and iS Prime Limited. These firms have no connection with PRIMEXQ. Dealing with PRIMEXQ carries significant risks. If you deal with this firm, you won’t have access to the Financial Ombudsman Service if you have a complaint. You also won’t be protected by the Financial Services Compensation Scheme (FSCS) if things go wrong. This means it’s unlikely you’d get your money back if the firm goes out of business. To protect yourself, you should only deal with financial firms that are authorised by the FCA. You can check the FCA’s Financial Services Register to make sure a firm is authorised and has permission for the service it’s offering you. If you’re contacted unexpectedly by a financial business or individual, make sure you reply using the contact details on the FS Register. If you think you’ve been approached by an unauthorised or clone firm, you should report it to the FCA. You can do this by calling them on 0800 111 6768, or using their contact form.