About PRIMAFXONLINE
Primafxonline claims to be a leading trading firm in the region, specializing in online Foreign Exchange, Precious metals, Crude Oil, Indices and Cryptocurrency market.
Is PRIMAFXONLINE legit?
In order to be able to offer services worldwide, Primafxonline needs to have several licenses from different financial regulators, ideally. But in reality, the broker does not hold any licenses and is registered offshore, in Marshall Islands.However, no regulatory information is published on the webpage for users to verify.
The screenshot of the official website is as follows:
We found the company name Prima Futures International Corporation on the business page of the Marshall Islands, but registration does not mean that it is regulated. Marshall Islands does not regulate financial derivatives. Please do not deposit funds on this platform.
The screenshot of the query is as follows:
Marshall Islands is an offshore zone attracting various firms that for the reason or another escape from the serious regulation or compliance to international service providing. However, in the case of financial investment or trading firms, the company should be a very respected entity, as the statistics show that the majority of non-authorized firms never recovered the sums of investors’ investments. Therefore, we always advise avoiding offshore or companies with no license as there are too many frauds around.