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The WikiFX Score of this broker is reduced because of too many complaints!

PrimeX Capital

Mauritius | 2-5 years |
Regulated in South Africa | Financial Service Corporate | MT5 Full License | Suspicious Overrun | High potential risk

https://primexcapital.com/en

Website

Rating Index

MT4/5 Identification

MT4/5

Full License

PrimeXCapital-Live

United Kingdom
MT5
4

Influence

C

Influence index NO.1

Iraq 4.70
The WikiFX Score of this broker is reduced because of too many complaints!

MT4/5 Identification

MT4/5 Identification

Full License

4
Server Name
PrimeXCapital-Live MT5
Server Location United Kingdom

Influence

Influence

C

Influence index NO.1

Iraq 4.70
Surpassed 42.50% brokers
Biz Area Search Statistics Advertising Social Media Index

Contact

support@primexcapital.com
https://primexcapital.com/en
UAE Rep. Office: Office 1802, Churchill Towers, Business Bay, Dubai, UAE.
https://x.com/PrimeXCapital

Licenses

Licensed Entity:PRIMEX BROKER (PTY) LTD

License No. 51864

WikiFX Risk Alerts
2025-06-08
  • The number of the complaints received by WikiFX have reached 9 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
2

Basic Information

Registered Region
Mauritius
Operating Period
2-5 years
Company Name
PrimeX Capital LTD
Customer Service Email Address
support@primexcapital.com
Company address
UAE Rep. Office: Office 1802, Churchill Towers, Business Bay, Dubai, UAE.

FX3060968046

Unverified

Iraq

Cannot withdraw funds.

Exposure

05-02

FX3575067292

Unverified

India

Here they have debited my all profit on the name of dividend adjustment and told me that I have made a trade on dividends adjustment date even I hold the position for two days and the profit made by me in price in spa 35 indic.this very un fair I suggest the action to be taken against them.if any know how to complaint against them tell me

Exposure

2024-11-01

FX2268650498

Unverified

Iraq

I have a zero account with them, but in reality, the spread is strong. Despite taking $8 for a 1 lot trade, they deducted approximately $4600 in commission from me during my trades. It's unfair, I swear.

Exposure

2024-08-20

Lyer li

Unverified

Pakistan

Market tools provide valuable insights to enhance my trading decisions, but the wait times can be frustrating.

Neutral

2024-08-01

esraa3922

Unverified

Egypt

More fraud or any problems that occur during the news or trading, I will be compensated. When the trading started, they told me that trading during the news time is only affected by a difference of 5 points in the customers’ footsteps. They deceive customers about the advantages of the company, but when they subscribe, they deny what they say. Prime It was mentioned by the support that it is all a lie and that they have nothing to do with Forex. And when you enter the video, it appears that the deal is closed seconds before the news. That was before the platform interacted with Arid by more than 90 points, and this is what caused my loss. They also claim that my loss was due to the breakout, as the cursing of the liquidity provider increased, so it is impossible to compensate. I can provide you with a video showing what happened to the company. Ahmed Al-Araji told me, “How long is the money?”

Exposure

2024-03-22

FX4212888028

Unverified

Iraq

Please be careful, unable to withdraw now.

Exposure

2024-01-22

Avondale McAllister

Unverified

Netherlands

Just wanted to share my experience with PrimeX Broker. The absence of deposit and withdrawal fees is a big win for traders. It's nice not having to worry about those extra charges. However, be aware of the inactivity fee – $50 a month if you don't trade for 3 months straight. Something to keep in mind, but overall, a positive experience.

Neutral

2023-12-06

FX1527844142

Unverified

New Zealand

Hey, just sharing my experience with PrimeX Broker. Started off with the Standard ECN account. The variable spreads are okay, starting from 1.5 pips. It's cool that there's no commission on this one. Market conditions play a role, but so far, so good. Might explore other accounts later.

Neutral

2023-12-05

FX3976589283

Unverified

Iraq

Primex claims to be an ECN broker, but it is clear that it manipulates the candles with proof.

Exposure

2023-11-24

AlGUBORI

Unverified

Iraq

Fraudsters, the problem was not solved. They just contacted me and asked me to withdraw the report that was previously submitted. And in return, they will investigate and try to solve the problem, and so far no amount has been returned..

Exposure

2023-11-03

AlGUBORI

Unverified

Iraq

PrimeX is a fraudulent and deceitful company. Their customer service deceives clients with the company's supposed advantages, but when you subscribe, they deny what they promised, as it happened to me. They told me that trading during news time wouldn't be affected, and the spread would only increase by a maximum of 5 points. They also claimed that any issues during news or trading would be compensated. However, when I started trading, the spread increased by more than 90 points, causing me significant losses. They then falsely attributed my losses to the spread. Interestingly, during a video, it was evident that the trades were closed seconds before the news announcement, even before the platform could react to the news. This clearly showed that all the support team's claims were lies, and they have no connection to forex whatsoever. When I contacted the company's manager, Ahmed Al-Araji, he told me, 'The funds are not enough to cover the loss because we lost with the liquidity provider, so it's impossible to provide any compensation.' I can provide you with a video showing what happened.

Exposure

2023-07-21

Hus

Unverified

Russia

They closed my account because i bought Usd through zain cash from one of there traders who are responsible for deposit money for clients

Exposure

2023-07-12

Ai 汐汐

Unverified

New Zealand

Great Platform. Amazing transaction Speed. Excellent online customer response. No unnecessary charges. Very flexible and easy. Good maintenance. Active social media Presence. I’m very pleased with them.

Positive

2023-03-07

Alrubaie ‎7634

Unverified

Iraq

They said, Enter $200 in a copying program, and one of the experts trades for you, and there is a team that follows him. I told them that if he lost, they said to compensate you. I was happy with their words, and within less than 24 hours, when I transferred the money in the wallet, he entered many losing deals. When I called them, they said, “This is the expert’s strategy. Leave it to him.” When I came back, I found my account from 200 dollars, it became 1.74

Exposure

2023-02-09

14
Account
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Official website

Website

primexcapital.com
108.138.246.2
primexbroker.com
192.124.249.180

Company Summary

PrimeX Capital Review Summary
Founded2017
Registered Country/RegionMauritius
RegulationFSCA exceeded
Market InstrumentsForex, commodities, indices, cryptocurrencies
Demo Account
SpreadFloating from 0.8 pips (Standard account)
LeverageUp to 500x
Trading PlatformMetaTrader 5, PrimeX App
Social Trading
Minimum Deposit$10
Customer SupportLive chat, contact form
Email: support@primexcapital.com
Address: 4th Floor, Docks 4, Caudan, Port Louis, 11101, Republic of Mauritius
Instagram, YouTube, Twitter, LinkedIn, Telegram, WhatsApp
Restricted CountriesNorth Korea, United States, Canada, Cuba, India, China, Pakistan, Hong Kong SAR China, Thailand, Vietnam, Bangladesh, Philippines, South Korea, Japan, Indonesia, Malaysia, Myanmar (Burma), Nepal, Iran, Russia

PrimeX Capital Information

PrimeX Capital is a Mauritius brokerage company who offers trading services in in forex, commodities, indices, and cryptocurrencies.

It offers a risk-free demo account and three tiered live accounts, with an affordable minimum deposit $10 and tight starting spread from 0.1 pips. To execute trades, you can either choose the renowned MetaTrader 5 platform, or the broker's own PrimeX App.

In addition, trading tools such as economic calendars and technical analysis are available to enhance trading efficiency. Educational resources like webinars and blogs further equip traders with necessary knowledge for successful trading.

Furtheremore, the broker enables social trading for investors to communicate within interaction community to learn from successful predecessors.

However, one crucial thing that should raise your great attention is that the broker exceeds FSCA regulation, requesting extreme cautiousness from you before deciding to trade with them.

PrimeX Capital's homepage

Pros and Cons

Pros Cons
Demo accountsExceeded FSCA license
Affordable minimum depositPayment mainly through cryptos
Tight starting spreads
MT5 platform
Social trading
Live chat support

Is PrimeX Capital Legit?

PrimeX Capital is currently being regulated by FSCA (Financial Sector Conduct Authority) with license no. 51864.

However, you should aware that the regulation status is exceeded, indicating possible engagement in financial activities beyond what is legally permitted by FSCA.

Regulated CountryRegulatorCurrent StatusRegulated EntityLicense TypeLicense No.
FSCAExceededPRIMEX BROKER (PTY) LTDFinancial Service Corporate51864
Exceeded FSCA license

What Can I Trade on PrimeX Capital?

Trading InstrumentsSupported
Forex
Commodities
Indices
Cryptocurrencies
Stocks
Bonds
Options
ETFs
What Can I Trade on PrimeX Capital?

Account Type & Fees

PrimeX Capital offers a demo account simulating real trading, allowing traders to practice their trading strategies without losing real money.

Furthermore, three tiered live accounts are also avialable to suit varying needs for different client groups:

Account TypeMinimum Deposit SpreadCommissionSuitable for
Standard $10From 0.8 pipsBeginners
Narrow$1,000From 0.6 pipsScalpers
Raw$5,000From 0.1 pips$6 per lotProfessional traders
Account comparison

Leverage

While PrimeX Capital offers different maximum leverage for different account types.

Nevertheless, traders should use leverage cautiously and choose the account that best suits their experience levels to avoid huge losses.

Account TypeMaximum Leverage
Standard 1:400
Narrow1:500
Raw1:200

Trading Platform

PrimeX Capital uses the world renowned MetaTrader 5 platform for investors to execute trades, which is well-recognized by its robust functionalities such as advanced charting tools, automated trading and analysis indicators.

You can reach the platform on web, or download app from Windows, mobiles phones.

Trading PlatformSupportedAvailable DevicesSuitable for
MT5Web/Windows/Mobile phonesExperienced traders
PrimeX AppMobile phones/
MT4/Beginners
MT5 platform

Besides, the broker also developed its own PrimeX App,downloadable from both iOS and Android phones, to better adapt to their user habits.

PrimeX App

Deposit and Withdrawal

Per its website, PrimeX Capital supports funding methods including Tether, Bitcoin, Ethereum, USDC and Iraq local depositor.

Here we don't draw the conclusion but still warn you to pay attention, since the broker mainly accepts payments through cryptos, which are typical methods used by fraud brokers.

Payment options
Deposit and Withdrawal

Bonus Program

The PrimeX 50% Deposit Bonus Program offers traders an immediate 50% bonus on deposits starting from $100, up to a maximum of $500 per client. Designed to boost trading capital, the bonus is tradable with validity for one year, but not withdrawable.

Bonus Program

Keywords

  • 2-5 years
  • Regulated in South Africa
  • Financial Service Corporate
  • MT5 Full License
  • Suspicious Overrun
  • High potential risk

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※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
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