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FX Prime

Switzerland|5-10 years|
Suspicious Scope of Business|High potential risk|

https://www.fxprime.ch/en

Website

Rating Index

Contact

+41 (0)44 515 93 10
info@fxprime.ch
https://www.fxprime.ch/en
Samstagernstrasse 41 CH-8832 Wollerau

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Contact number

English

+41 (0)44 515 93 10

Other ways of contact

Broker Information

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Company Name

FX Prime AG

Abbreviation

FX Prime

Platform registered country and region

Switzerland

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-11-21
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

FX Prime · WikiFX Survey

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FX Prime · Company Summary

Aspect Details
Company Name FX Prime AG
Registered Country Switzerland
Founded Year 2014
Regulation No Regulation
Tradable Assets FX spot, forwards, and options
Customer Support FX Prime AG, Samstagernstrasse 41, CH-8832 Wollerau, Email: info@fxprime.ch, Phone: +41 (0)44-515-93-10, Contact form available
Services Best Execution, Direct Access Trading Advisory, Forex as a Service (FXaaS)

Overview of FX Prime

Established in 2014, FX Prime is based in Switzerland and operates without regulatory oversight. Specializing in the forex sector, FX Prime offers services like Best Execution, Direct Access Trading Advisory, and Forex as a Service (FXaaS), claiming to target FX professionals, CFOs, and asset managers who demand instantaneous market strategies and execution.

Overview of FX Prime

Pros and Cons

FX Prime AG offers distinctive services primarily targeted at sophisticated investors and financial institutions, with a strong focus on forex markets. The broker's unique multibank FX execution model and tailored services such as Best Execution and Forex as a Service (FXaaS) highlight its specialized approach. However, there is no oversight from financial authorities. The broker also has opaque practices regarding account types, leverage, spreads, and fees. Additionally, deposit and withdrawal methods are obscure, potentially complicating fund management. The absence of educational resources provided further restrict support for new traders seeking to enhance their trading proficiency.

Pros Cons
  • Provides a unique multibank FX execution model
  • Not regulated by any financial authority
  • Offers tailored solutions like Best Execution and FXaaS
  • Limited transparency in account types
  • Innovative services like Direct Access Trading Advisory
  • Unclear leverage, spreads and fees
  • For sophisticated investors and financial institutions
  • Obscurity regarding deposit and withdawal
  • Focus on forex market with multiple FX products
  • No educational resources

Is FX Prime legit or a scam?

FX Prime operates without regulatory oversight. The absence of regulatory means there is no authoritative body ensuring fair practices or financial operations' legality.

Is FX Prime legit or a scam?

Services Offered by FX Prime AG

  • Best Execution: This service integrates prime brokerage with a multibank FX execution model to provide clients with the best market prices, liquidity, and transparent pricing for FX spot, forwards, and options. Leveraging a network of 20 top execution banks, it offers execution at optimal prices, advanced e-trading tools, and access to selected research notes, targeting price-sensitive FX professionals, CFOs, and asset managers who require full market liquidity and anonymous price evaluations.

  • Direct Access Trading Advisory: Keeping clients at the cutting edge of market activities, this service informs them promptly about economic or political news affecting their investments. It offers strategies based on individual market views and risk appetites, supported by 24/7 direct phone access to the trading floor.

  • Forex as a Service (FXaaS): Addressing the often-overlooked foreign exchange components of financial transactions, FXaaS claims to aid clients in managing FX risks effectively. By integrating forex management as an essential part of financial transactions rather than an incidental byproduct, FX Prime claims that currency issues do not complicate or add unexpected costs to client transactions.

Services Offered by FX Prime AG

How to Open an Account with FX Prime

Since there is no direct registration option available on their website, prospective clients must initiate contact through their customer support. Reach out to FX Prime via email at info@fxprime.ch, phone at +41 (0)44-515-93-10, or use the contact form available on their website.

How to Open an Account with FX Prime

Customer Support

Phone: +41 (0)44-515-93-10

E-Mail: info@fxprime.ch

Address: FX Prime AG, Samstagernstrasse 41, CH-8832 Wollerau

Contact form is available by clicking the “Request More Information” button.

Customer Support

Conclusion

Established in 2014, FX Prime AG operates from Switzerland, specializing in forex trading for sophisticated investors and financial institutions. Its distinct services, including Best Execution, Direct Access Trading Advisory, and Forex as a Service (FXaaS), target to optimize market strategies and prices for FX professionals. However, the lack of regulatory oversight constitutes potential challenges, with no guarantee of legal compliance or client fund safety. Furthermore, the broker's operations lack transparency in terms of account specifics, costs, and educational support, potentially complicating the trading experience for newcomers.

FAQs

Q: What services are offered by FX Prime AG?

A: Specializing in forex, FX Prime AG offers services like Best Execution, Direct Access Trading Advisory, and Forex as a Service (FXaaS).

Q: Is there any regulatory body overseeing FX Prime AG's operations?

A: No, FX Prime AG is not regulated.

Q: Who are the primary clients of FX Prime AG?

A: The services of FX Prime AG are created for FX professionals, CFOs, and asset managers, requiring a sophisticated understanding of forex markets.

Q: How does one open an account with FX Prime AG?

A: Interested parties must reach out directly to FX Prime via their customer support to initiate account opening procedures.

Q: What are the potential risks associated with an unregulated broker like FX Prime AG?

A: The absence of regulation shadows the broker's adherence to legal standards, security of funds, and the lack of protection against malpractices.

Q: Are there educational materials available from FX Prime AG for learning forex trading?

A: FX Prime AG does not provide limited educational materials.

Risk Warning

Online trading poses substantial risks, with the potential for complete loss of invested capital, rendering it unsuitable for all traders. It is imperative to comprehend the inherent risks and acknowledge that the information provided in this review is subject to change due to continuous updates in the company's services and policies.

Additionally, the review's generation date is a critical consideration, as information may have evolved since then. We strongly advise readers to verify updated details directly with the company before making any decisions, as the readers must be aware of and willing to accept the inherent risks involved in utilizing this information.

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