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Prime Codex

Severe riskForex / CFD broker
🇻🇨 Saint Vincent and the Grenadines · 2-5 years · since 2021-09-13 · Prime Codex LLC
Unregulated
Visit site ↗
—/5
★★★★★ ★★★★★
10 reviews ›
0
Licenses ›
1
Withdrawal issues ›
$1
Min. deposit ›
1:10
Max leverage ›
3
Account types ›
75/100
Scam risk ›
0
Clone sites ›
Accounts: US Stock · $10ECN · $100Standard · $1
▲ 100% positive▼ 0% negative
Independent ratingshow third parties score this broker
WikiFX2.1/10
Trustpilot—/5
Forex Peace Army—/5
🛡️ Been scammed or can’t withdraw from Prime Codex? Our free assistant writes up your case and shows exactly what to do next →
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No sign that Prime Codex actively operates in your country (United States). If you were solicited from here, be extra cautious — it may be an unregulated approach or a clone.
75
Severe risk
Scam Risk Scoremonitored · 2026-07-28
Lower riskHigher risk
  • No verified regulatory license on file
  • Registered in Saint Vincent and the Grenadines (offshore, light oversight)
  • Withdrawal complaints in ~10% of recent reviews
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing8535%
Company age4515%
Clone / impersonation012%
Withdrawal & exposure complaints612%
Offshore registration808%
Transparency (site/info/social)2510%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal namePrime Codex LLC
Headquarters🇻🇨 Saint Vincent and the Grenadines
Founded2021-09-13
Years operating2-5 years
Employees0
Official websiteprimecodex.com
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating—
Trading cost rating—
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods · --
Withdrawal methods · --
Instruments--
Registered address
Euro House, Richmond Hill Road, Kingstown, St. Vincent and the Grenadines

Regulation & licenses · 0

No valid regulatory license found — high caution advised.

Account types · 3

AccountMax leverageMin. depositMin. spreadCommissionEA
US Stock1:10$10--$0✓
ECN--$100Start from 0.0$7/Lot✓
Standard--$1Start from 1.0$0/Lot✓

Review analysis AI

Prime Codex is an unregulated broker registered in Saint Vincent and the Grenadines, a jurisdiction known for minimal oversight. The broker claims licenses from Mauritius and Comoros, but these could not be independently verified. With a FXCanary Scam Risk Score of 75/100 (Severe), we advise extreme caution due to the lack of regulatory protection and potential risks.

Best for
  • Traders seeking high leverage up to 1:500
  • Experienced traders comfortable with unregulated brokers
  • Users who prefer cryptocurrency deposits
Not for
  • Risk-averse traders requiring regulatory protection
  • Beginners looking for a secure environment
  • Traders needing traditional payment methods
Period:
What users praise
Where reviewers are from
Indonesia8
Turkey1
India1

Real user reviews

Where Prime Codex operates

Active across 1 markets (by market presence). Licensing rarely covers all of them — where it isn’t locally licensed, you’re onboarded under an offshore entity with weaker protection.

🇮🇩 Indonesia

Market presence: WikiFX SkyEye · complaints: our records · licensing: official registers. Where you’re accepted is set by the broker’s own terms — always confirm before depositing.

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What Prime Codex says about itself as stated by the broker · not independently verified by FXCanary

Account Types and Minimum Deposits

Prime Codex offers three live account types: Standard, ECN, and US Stock. According to its website, the Standard account requires a minimum deposit of $10 and charges zero commission with spreads starting at 1.0 pips. The ECN account has a minimum deposit of $100, a commission of $7 per lot, and raw spreads from 0.0 pips. The US Stock account also requires $10 and offers zero commission with spreads from 1.0 pips. A demo account is available with a virtual balance of up to $10,000.

Trading Conditions and Leverage

Prime Codex states that it offers leverage up to 1:500 for forex and metals accounts, and up to 1:10 for US stocks. The broker claims floating spreads starting from 0 pips, market execution with no requotes, and a margin call level of 100% with a stop-out level of 85%. Trading volume can range from 0.01 to 1000 lots, and the platform supports hedging, scalping, and the use of Expert Advisors.

Platform and Instruments

The broker provides the MetaTrader 5 (MT5) platform for desktop, web, and mobile devices. It claims to offer 30 currency pairs and 4 precious metals, as well as US stocks. The platform features 5-digit precision, 21 timeframes, and over 80 built-in technical indicators. Automated trading and copy trading are also supported.

Funding and Fees

Prime Codex advertises no charge for cryptocurrency deposits, excluding gas fees. Accepted crypto options include USDT TRC20, USDT ERC20, and USDT BEP20. The minimum withdrawal limit is $5. Trading fees are charged in advance according to the account type. No details are provided regarding bank wire or card deposits.

Regulation and Licensing Claims

On its website, Prime Codex claims to be regulated by the Financial Services Commission (FSC) of Mauritius with an Investment Dealer License number GB25205419. It also states that Prime Codex LLC is regulated by the Mwali International Services Authority (MISA) of the Comoros. However, these claims could not be independently verified, and no regulatory information is listed in the known facts.

About Prime Codex

Overview

Prime Codex is a retail forex and CFD broker that was founded on March 12, 2021, and is registered in Saint Vincent and the Grenadines. The company operates under the official domain primecodex.com and offers trading services in forex, metals, and US stocks. It is headquartered at Euro House, Richmond Hill Road, Kingstown, with a representative office in Dubai, UAE.

Regulatory Status

According to our records, Prime Codex has no regulatory licenses on file. However, the broker itself claims to be regulated by the Financial Services Commission (FSC) of Mauritius under license number GB25205419 and by the Mwali International Services Authority (MISA) of the Comoros. It is important to note that Saint Vincent and the Grenadines does not regulate forex brokers, and the validity of the off-shore licenses could not be confirmed. This lack of verifiable regulation poses a significant risk to traders.

Account Types

Prime Codex offers three live account types tailored to different trader profiles. The Standard account is aimed at beginners, with a $10 minimum deposit and zero commission. The ECN account targets experienced traders, requiring $100 minimum and charging $7 per lot commission with raw spreads. The US Stock account also starts at $10 and is designed for stock trading with lower leverage. A demo account is available for practice.

Trading Platforms and Instruments

The broker exclusively uses the MetaTrader 5 platform, known for its advanced charting, algorithmic trading, and multi-asset capabilities. Traders can access 30 forex pairs, 4 precious metals, and US stocks. The platform supports hedging, scalping, and Expert Advisors. Leverage is offered up to 1:500 for forex and metals, and up to 1:10 for US stocks.

Deposits and Withdrawals

Prime Codex promotes cryptocurrency payments USDT TRC20, ERC20, and BEP20 with no deposit fees (except gas fees). The minimum withdrawal is $5. No information is provided about traditional payment methods such as bank transfers or credit cards. The broker processes withdrawals and deposits via its website interface.

Target Audience

The broker markets itself as a one-stop ECN/STP broker suitable for both beginners and experienced traders. It emphasizes low spreads, zero commission on certain accounts, and EA-friendly conditions. However, given its unregulated status and high-risk profile, it may appeal primarily to traders seeking high leverage and willing to accept the associated risks.

Company Background

Prime Codex was founded in 2021 and is registered as an International Business Company (IBC) in Saint Vincent and the Grenadines. The company also lists a representative office in Dubai. Its social media presence includes Facebook and Instagram. The broker's website was registered in 2022 and provides limited transparency about its ownership and management.

Overview compiled by FXCanary from regulatory records and public data. full Prime Codex review