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PrimeX Capital Forex Broker provides real users with 1 positive reviews, 3 neutral reviews and 9 exposure review!

PrimeX Capital Broker Review

4.24

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Risk Control

Risk Manage

PrimeX Capital Review 13

Latest All(13) Positive(1) Neutral(3) Exposure(9)
Exposure
Profit debited

Here they have debited my all profit on the name of dividend adjustment and told me that I have made a trade on dividends adjustment date even I hold the position for two days and the profit made by me in price in spa 35 indic.this very un fair I suggest the action to be taken against them.if any know how to complaint against them tell me

FX3575067292
2024-11-01
Exposure
Unable to exit from gold

I have a zero account with them, but in reality, the spread is strong. Despite taking $8 for a 1 lot trade, they deducted approximately $4600 in commission from me during my trades. It's unfair, I swear.

FX2268650498
2024-08-20
Neutral

Market tools provide valuable insights to enhance my trading decisions, but the wait times can be frustrating.

Lyer li
2024-08-01
Exposure

More fraud or any problems that occur during the news or trading, I will be compensated. When the trading started, they told me that trading during the news time is only affected by a difference of 5 points in the customers’ footsteps. They deceive customers about the advantages of the company, but when they subscribe, they deny what they say. Prime It was mentioned by the support that it is all a lie and that they have nothing to do with Forex. And when you enter the video, it appears that the deal is closed seconds before the news. That was before the platform interacted with Arid by more than 90 points, and this is what caused my loss. They also claim that my loss was due to the breakout, as the cursing of the liquidity provider increased, so it is impossible to compensate. I can provide you with a video showing what happened to the company. Ahmed Al-Araji told me, “How long is the money?”

esraa3922
2024-03-22
Exposure
I made a deposit and every time I sent it, they said nothing had arrived. They received it.

Please be careful, unable to withdraw now.

FX4212888028
2024-01-22
Neutral
Fee-Free Deposits and Withdrawals at PrimeX Broker: Inactivity Charges Lurk

Just wanted to share my experience with PrimeX Broker. The absence of deposit and withdrawal fees is a big win for traders. It's nice not having to worry about those extra charges. However, be aware of the inactivity fee – $50 a month if you don't trade for 3 months straight. Something to keep in mind, but overall, a positive experience.

Avondale McAllister
2023-12-06
Neutral
PrimeX Broker Standard ECN Account: Variable Spreads and No Commission Experience

Hey, just sharing my experience with PrimeX Broker. Started off with the Standard ECN account. The variable spreads are okay, starting from 1.5 pips. It's cool that there's no commission on this one. Market conditions play a role, but so far, so good. Might explore other accounts later.

FX1527844142
2023-12-05
Exposure

Primex claims to be an ECN broker, but it is clear that it manipulates the candles with proof.

FX3976589283
2023-11-24

  

PrimeX Capital 2025 Review: Everything You Need to Know

  Summary: PrimeX Capital has garnered a mix of reviews, with users appreciating its user-friendly platform and diverse asset offerings. However, concerns about its regulatory status and customer service have been raised. Notably, the broker operates under different entities, which can affect user experience and trust levels.

  Note: It is important to be aware that PrimeX Capital operates through multiple regional entities, which can lead to varying levels of service and regulatory oversight. This review aims to provide a balanced perspective based on various sources to ensure accuracy.

  

Ratings Overview

Category Rating (out of 10)
Account Conditions 6.5
Tools and Resources 7.0
Customer Service and Support 5.5
Trading Setup (Experience) 7.5
Trust Level 4.0
User Experience 6.0
Regulatory Compliance 4.0

  We evaluate brokers based on user feedback, expert opinions, and factual data to provide a comprehensive overview.

  

Broker Overview

  Established in 2022, PrimeX Capital is a South African broker that offers trading in forex, CFDs, cryptocurrencies, and commodities. The platform utilizes the popular MetaTrader 5 (MT5) trading software, providing traders with advanced charting tools and multiple order types. PrimeX Capital claims to cater to a wide range of traders by offering various account types and a user-friendly interface.

  

Detailed Breakdown

  •   Regulated Areas/Regions: PrimeX Capital is registered in South Africa and claims to operate under the Financial Sector Conduct Authority (FSCA). However, it has faced scrutiny due to a lack of robust regulatory oversight, raising concerns about its legitimacy.

  •   Deposit/Withdrawal Currencies/Cryptocurrencies: Users can deposit and withdraw in various currencies, including USD and cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Tether (USDT).

  •   Minimum Deposit: The minimum deposit to open an account is reported to be as low as $10, making it accessible for beginner traders.

  •   Bonuses/Promotions: PrimeX Capital offers promotional bonuses, although details about specific promotions are often vague and should be verified directly on their platform.

  •   Tradable Asset Classes: The broker provides access to a diverse range of assets, including forex pairs, commodities like gold and oil, stock indices, and a variety of cryptocurrencies.

  •   Costs (Spreads, Fees, Commissions): PrimeX Capital's spreads start from 0.1 pips for certain accounts, with a commission of 0.05% on cryptocurrency trades. However, some users have noted that trading costs can be higher compared to competitors.

  •   Leverage: The maximum leverage offered by PrimeX Capital is up to 1:500, which can attract traders looking to maximize their potential profits. However, high leverage also increases the risk of significant losses.

  •   Allowed Trading Platforms: The primary trading platform is MetaTrader 5 (MT5), which is available on desktop and mobile devices.

  •   Restricted Regions: PrimeX Capital does not accept clients from several countries, including the United States, Canada, and others that are often flagged due to regulatory concerns.

  •   Available Customer Service Languages: Customer support is available in English, with some resources also provided in other languages.

      

  

Ratings Recap

Category Rating (out of 10) Commentary
Account Conditions 6.5 The low minimum deposit is appealing, but limited account types may not suit all traders.
Tools and Resources 7.0 The MT5 platform offers robust tools, but the educational resources are limited.
Customer Service and Support 5.5 Mixed reviews on responsiveness; some users report delays in support.
Trading Setup (Experience) 7.5 Generally positive trading experience, with a user-friendly interface.
Trust Level 4.0 Concerns about regulatory status and user complaints impact trust.
User Experience 6.0 Overall user experience is decent, but some features are hard to navigate.
Regulatory Compliance 4.0 Lack of robust regulation raises concerns about safety and security.

  

Detailed Analysis

  •   Account Conditions: The minimum deposit of $10 is attractive, especially for new traders. However, the limited account types may not cater to all trading styles. According to WikiFX, users have expressed concerns regarding the broker's lack of regulation and transparency.

  •   Tools and Resources: The MT5 platform is well-regarded for its advanced charting capabilities and technical indicators, making it suitable for both novice and experienced traders. However, educational resources are lacking, which may hinder less experienced traders from fully utilizing the platform's capabilities.

  •   Customer Service and Support: While PrimeX Capital offers 24/7 support, many users report slow response times and unresolved issues. According to WikiFX, there have been several complaints regarding withdrawal difficulties, which is a significant red flag for potential clients.

  •   Trading Setup (Experience): The overall trading experience is generally positive, with a user-friendly interface and fast execution times. However, some users have noted that the platform can be complex and requires a learning curve.

  •   Trust Level: The trust level is impacted by the broker's regulatory status. While it operates under the FSCA, concerns about its legitimacy persist, especially given the lack of stringent regulatory oversight. According to WikiFX, the broker has faced multiple complaints, highlighting the need for caution.

  •   User Experience: Users have reported a generally satisfactory experience, particularly with the platform's functionality. However, some have found navigation challenging, especially when trying to access specific features.

  •   Regulatory Compliance: The lack of robust regulation is a significant concern for potential clients. While PrimeX Capital claims to be registered with the FSCA, the absence of strong regulatory oversight raises questions about the safety of client funds.

      

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    Conclusion

      In conclusion, PrimeX Capital presents a mixed picture for potential traders. While it offers an accessible entry point with a low minimum deposit and a user-friendly platform, concerns regarding its regulatory status, customer service, and overall trustworthiness cannot be ignored. Traders should exercise caution and conduct thorough research before engaging with this broker, particularly given the numerous complaints and the broker's relatively short operational history.