Primephasers Trade is a forex broker whose official website domain was registered on June 3, 2023. It primarily offers investors trading services in financial derivatives such as forex, stocks, indices, energy, metals, and ETFs. This broker does not provide services in jurisdictions where such offerings would violate local laws or regulations.
Corporate Registration and Regulatory Status:
According to the information publicly available on its official website, Primephasers Trade operates under several corporate entities and is regulated by multiple regulatory agencies. Primephasers Trade Ltd is authorised and licensed by the Cyprus Securities and Exchange Commission (CySEC), with a license number of 1780019. Primephasers Trade (registration number HRB11677B) is designated as an agent of Ultra Booster Trade Ltd, registered with the German Federal Financial Supervisory Authority (BaFin), and has been authorised by the Mauritius Financial Services Commission (FSC) as an investment dealer since October 2, 2017, under license number C17554381. TVH Ltd is authorised and regulated by the Seychelles Financial Services Authority (FSA), with license number SD0175.
However, upon verification of its publicly available information, the Cyprus Securities and Exchange Commission (CySEC), the German Federal Financial Supervisory Authority (BaFin), the Mauritius Financial Services Commission (FSC), and the Seychelles Financial Services Authority (FSA) have not found any regulatory registration information related to this broker.
Account Opening:
To open an account with Primephasers Trade, visit the broker's official website, click on “SIGN UP FOR FREE” on the homepage or “SIGN UP” in the top right corner of the web page to access the account registration page. Fill in personal information such as name, email address, set a login password, and submit. Once the application is submitted, the account is successfully registered.
Account Types:
Primephasers Trade offers a demo trading account and four different types of trading accounts: STARTER, BASIC, PRO, EXECUTIVE. However, its official website does not disclose details on spreads, trading leverage, margin calls/stop-out levels, contract sizes, transaction commissions, minimum/maximum transaction volume, maximum positions/orders, and minimum price precision.
Trading Platform:
Primephasers Trade provides its users with a proprietary trading platform.
Deposits and Withdrawals:
Primephasers Trade supports deposits and withdrawals through local banks, electronic wallets, or cryptocurrencies.
Summary:
Traderknows reminds investors that Primephasers Trade is a scam platform providing false regulatory information. The website design and content of this broker are identical to those of SupaTrade FX, Prudence FX Trades, HFX Crypto, Wells Fago Trade, EagleFX Trading, and Ichimoku Forex Scalping. Traderknows advises investors to choose brokers with transparent information, strong regulation, and good reputation for investment activities to avoid unnecessary financial losses.
Currently, this broker is marked as "suspected fraud" on Traderknows.
