primeassetfx is a Contract for Difference (CFD) broker whose official website domain was registered on September 14, 2023. The broker primarily offers investment services in trading markets such as Forex, cryptocurrencies, indices, stocks, energy, and commodities. It does not provide services to countries or regions where doing so may violate local laws or regulations.
Company Registration Information and Regulatory Status
According to publicly available information on the primeassetfx website, the broker was established in 2016 and claims to be regulated by the Australian Securities and Investments Commission (ASIC). However, the broker has not disclosed the company's entity registration information and detailed regulatory information.
Upon investigation, it was found that the Australian Securities and Investments Commission (ASIC) has no record of a regulated company named "primeassetfx".
Therefore, primeassetfx is essentially a scam broker website without a corporate entity or any form of regulation.
Account Opening Process
The process for opening a trading account with primeassetfx involves visiting the broker's website and clicking "Open Account" on the homepage or "SIGN UP" at the top right corner of the webpage. You then fill in personal information such as name, email, and set a login password, and submit. Once the account is verified, registration is successful.
Trading Instruments
primeassetfx offers a variety of trading products including Forex, indices, commodities, stocks, and cryptocurrencies.
- Forex: Forex trading involves the exchange of different currencies and is known for its high liquidity, allowing traders to profit from exchange rate fluctuations.
- Indices: Index trading allows speculation on the performance of entire markets or specific sectors without trading individual stocks. Exploring popular indices can provide diverse trading opportunities and leverage for potential gains.
- Commodities: Commodity trading covers key resources in the global market, allowing traders to buy and sell various raw materials including metals, energy, and agricultural products.
- Stocks: Stock trading enables investors to benefit from the price fluctuations and dividends of publicly listed companies without actually owning the shares.
- Cryptocurrencies: Cryptocurrency trading offers digital currency enthusiasts the opportunity to profit from highly volatile assets.
Investment Plans
primeassetfx offers four types of investment plans: STARTER ACCOUNT, CLASSIC ACCOUNT, PLATINUM, FOREX SIGNALS.
STARTER ACCOUNT:
- Minimum deposit: 500 USD or GBP
- Minimum expected profit: 3,500 USD or GBP
- Maximum expected profit: 5,000 USD or GBP
- Trader education*
- Risk management
- Tax-free spread trading profits
CLASSIC ACCOUNT:
- Minimum deposit: 5,000 USD or GBP
- Minimum expected profit: 45,000 USD or GBP
- Maximum expected profit: 50,000 USD or GBP
- Expert news and analysis
- Competitive spreads
- Advanced trading tools
- Tax-free spread trading profits
PLATINUM:
- Minimum deposit: 10,000 USD or GBP
- Minimum expected profit: 99,999 USD or GBP
- Full benefits package
- Trader education*
- Advanced risk management
- Tax-free spread trading profits
FOREX SIGNALS:
- Professional Forex signals
- Up to 10 signals daily
- 95% success rate
- 24/7 support
- Advanced trading tools
- Bitcoin payments only
- Use any broker
Trading Platform
primeassetfx provides its self-developed trading platform, claiming an average order execution speed of less than 7.12 milliseconds, with over comprehensive liquidity providers, executing over 12,000 orders per second. However, the download link directs to the MT4 trading platform, where no broker named primeassetfx could be found.
Deposits and Withdrawals
primeassetfx does not support deposits and withdrawals via credit cards or bank transfers; only cryptocurrency transactions are supported.
Conclusion
Traderknows reminds investors that primeassetfx is a scam broker that lures investors with high returns. The website has no actual company entity or any regulation. Investors are advised to choose brokers with transparent information, strong regulation, and good reputation to avoid unnecessary financial losses.
Currently, this broker is labeled as a "Scam" on Traderknows.
