About PRIME FX CFD
Who Is Prime FX CFD?
Prime FX CFD is a retail forex and CFD broker that was established on December 12, 2023, and is registered in Saint Lucia. Its registered address is 1st Floor, The Sotheby Building, Rodney Village, Rodney Bay, St Lucia. The broker operates under the domain primefxcfd.com and provides an online trading platform for individual traders.
The broker is relatively new to the industry, with a presence limited to its own website and trading platform. It does not hold any regulatory licenses, which is a significant factor for traders to consider. The broker's risk score from independent assessments is elevated, reflecting its unregulated status and limited track record.
Trading Instruments
Prime FX CFD offers trading in contracts for difference (CFDs) across multiple asset classes, including forex, stocks, indices, commodities, and cryptocurrencies. According to its website, the broker provides over 100 forex pairs, as well as stock CFDs on major names like Amazon, Apple, and Facebook.
The broker's product range allows traders to speculate on price movements without owning the underlying assets. It promotes the ability to go long or short, which is standard for CFD trading.
Account Types and Platforms
The broker's website indicates that it offers individual and corporate account types. The account opening process is conducted via Docusign, and traders must submit documentation for verification. Funding is available through digital currency deposits and withdrawals, as suggested by the forms available on the site.
The trading platform appears to be a web-based system accessed through trading.primefxcfd.com. It requires login credentials and supports two-factor authentication. Further details about platform features, spreads, or leverage are not publicly available on the website without logging in.
Client Support and Resources
Prime FX CFD provides a basic website with pages for products, account opening, forms, and partner information. It includes a contact form and a file upload section for submitting documents. The website states business hours as 09:00–17:00, open today, suggesting support during those hours.
The broker also offers an Introducing Broker program, targeting other brokers to refer clients. The website content is sparse, and there is no information about regulatory compliance, investor protection, or company registration beyond the address provided.
Overview compiled by FXCanary from regulatory records and public data. full PRIME FX CFD review