About Prime Nord Market
Overview
Prime Nord Market, operating under the legal name Prime Nord Fx Ltd, is a Cyprus-registered brokerage that was founded on 31 December 2021. The company's official website is primenordfx.com. In FXCanary's assessment, the firm presents itself as a retail forex and CFD broker, offering trading accounts tailored to different client preferences.
Our records indicate that the broker is regulated by the Cyprus Securities and Exchange Commission (CYSEC), holding a Forex Execution License (STP) with licence number 171/12. However, the status of this licence is not published in our records, and the company reports zero employees. This combination of factors warrants caution for potential clients.
Regulation and Licensing
Prime Nord Fx Ltd is registered in Cyprus and falls under the oversight of CYSEC, the national financial regulator. The licence on file is a Forex Execution License (STP), which typically permits the firm to operate as a straight-through-processing broker, passing client orders directly to liquidity providers.
The licence number 171/12 is listed in our records, but the current status is not disclosed. We cross-checked this against the public register as far as our records allow, but the absence of a clear status, combined with the zero-employee figure, raises questions about the firm's operational capacity. Traders should verify the licence directly with CYSEC before committing funds.
Account Types
Prime Nord Market offers three account tiers, all with a minimum deposit of $500. The XG STANDARD account features a minimum spread from 1.0 pips, while the XG ISLAMIC account, designed for swap-free trading, has a minimum spread from 1.2 pips. The XG RAW account offers tighter spreads from 0.2 pips but charges a commission of $3.75 per side.
Maximum leverage is not disclosed in our records for any of the accounts, and the broker does not specify the trading platforms or instruments available. This lack of transparency makes it difficult for traders to assess the full scope of offerings before opening an account.
Funding and Withdrawals
Our records do not list any deposit or withdrawal methods for Prime Nord Market. This is a significant gap in information, as traders need to know how they can fund their accounts and access their funds.
Without clear disclosure of banking or payment channels, clients may face uncertainty regarding the practicality of deposits and withdrawals. In FXCanary's view, this absence of information is a cautionary signal, and traders should seek clarification from the broker before proceeding.
Instruments and Trading Conditions
The broker does not disclose the range of trading instruments it offers, such as forex pairs, commodities, indices, or cryptocurrencies. Similarly, leverage details are not published in our records.
The account types suggest a focus on forex trading, but the lack of instrument and leverage information limits a trader's ability to evaluate the broker's suitability. We recommend that potential clients request this information directly from the broker and verify it against any official documentation.
Risk Assessment
FXCanary's Scam Risk Score for Prime Nord Market is 45 out of 100, which we classify as 'Guarded'. This score is influenced by the risk flag indicating no verifiable website or social-media presence, despite the official domain being listed.
While the broker holds a CYSEC licence on file, the zero-employee count and the lack of public information about its operations are concerning. Traders should approach this broker with caution, conduct thorough due diligence, and consider the potential risks of trading with a firm that has limited transparency.
Overview compiled by FXCanary from regulatory records and public data. full Prime Nord Market review