bitprimefx.live is a CFD broker website registered on July 3, 2024. This broker primarily offers investment services in markets such as forex, cryptocurrencies, indices, stocks, energy, and commodities. It does not provide services to countries and regions where doing so might violate local laws or regulations.
Company Registration Information and Regulatory Status
According to the bitprimefx.live official website, the broker was founded in 2016 and claims its company entity is VLS, regulated by the Australian Securities and Investments Commission (ASIC). However, the broker does not reveal detailed company registration and regulatory information.
Upon verification, there is no company named "VLS" listed under ASIC's regulated companies.
Therefore, bitprimefx.live is essentially a fraudulent broker website with no genuine company entity or regulation.
Account Opening Process
To open an account with bitprimefx.live, visit the broker's official website, click on "Open Account" or "SIGN UP" at the top right of the page to enter the account registration page. Fill out personal information including name and email, set a login password, and submit. After verification, the account will be successfully registered.
Trading Instruments:
bitprimefx.live offers various trading products including forex, indices, commodities, stocks, and cryptocurrencies.
- Forex: Forex trading involves exchanging different currencies, known for its high liquidity, allowing traders to profit from currency fluctuations.
- Indices: Index trading allows speculation on the performance of entire markets or specific sectors without trading individual stocks. By exploring popular indices, diverse trading opportunities with high leverage can be found.
- Commodities: Commodity trading encompasses key global market resources, allowing traders to buy and sell various raw materials including metals, energy, and agricultural products.
- Stocks: Stock trading enables investors to participate in the price movements of public companies, earning from price changes and dividends without actually holding the stocks.
- Cryptocurrency: Cryptocurrency trading offers opportunities for digital currency enthusiasts to profit from highly volatile assets.
Investment Plans
bitprimefx.live provides four types of investment plans: STARTER ACCOUNT, CLASSIC ACCOUNT, PLATINUM, and FOREX SIGNALS.
STARTER ACCOUNT:
- Minimum Deposit: £500
- Minimum Expected Profit: £3,500
- Maximum Expected Profit: £5,000
- Trader Education*
- Risk Management
- Tax-Free Spread Trading Profit
CLASSIC ACCOUNT:
- Minimum Deposit: £5,000
- Minimum Expected Profit: £45,000
- Maximum Expected Profit: £50,000
- Expert News and Analysis
- Competitive Spreads
- Advanced Trading Tools
- Tax-Free Spread Trading Profit
PLATINUM:
- Minimum Deposit: £10,000
- Minimum Expected Profit: £99,999
- Full Benefits Package
- Trader Education*
- Advanced Risk Management
- Tax-Free Spread Trading Profit
FOREX SIGNALS:
- Professional Forex Signals
- Up to 10 Signals per Day
- 95% Success Rate
- 24/7 Support
- Advanced Trading Tools
- Bitcoin Payments Only
- Use Any Broker
Trading Platform
bitprimefx.live offers a self-developed trading platform, claiming an average order execution speed of less than 7.12 milliseconds, with more than 12,000 orders executed per second from liquidity providers.
Deposits and Withdrawals
bitprimefx.live only supports deposits and withdrawals via cryptocurrencies.
Conclusion:
Traderknows reminds investors that bitprimefx.live is a scam broker that entices investors with high returns to deceive them. The website has no corporate entity and no regulation. It is recommended that investors choose brokers with transparent information, strong regulation, and good reputation for investment activities to avoid unnecessary financial losses.
Currently, this broker is marked as a "Scam" on Traderknows.
