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PRIME ASSET FX
Operating status: SCAM
Website: https://primeassetfx.com/
Broker violations and abnormal records
On May 2nd, 2024, the Financial Conduct Authority (FCA) issued a warning against PRIME ASSET FX, believing this company might be providing financial services or products without proper authorization in the UK. https://www.fca.org.uk/news/warnings/prime-asset-fx
On May 2nd, 2024, the Financial Conduct Authority (FCA) issued a warning against PRIME ASSET FX, believing this company might be providing financial services or products without proper authorization in the UK. https://www.fca.org.uk/news/warnings/prime-asset-fxPRIME ASSET FX is among a group of dubious brokers that utilize a website template commonly associated with fraudulent activities. Like other similar counterparts, PRIME ASSET FX also claims to be an "ASIC broker" and has been in business since "2016". However, our investigation suggests that all these assertions are false. Its domain name was registered in late 2023, and there are no matching records from the Australian Securities and Investments Commission (ASIC) to support its legitimacy.
What's more, this allegedly UK-based company has been warned by the Financial Conduct Authority (FCA), the country's major financial watchdog, for operating without the required authorization. This further underscores the substantial risks PRIME ASSET FX carries.
In essence, PRIME ASSET FX is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.
PRIME ASSET FX appears to be a scam.
PRIME ASSET FX is among a group of dubious brokers that utilize a website template commonly associated with fraudulent activities. Like other similar counterparts, PRIME ASSET FX also claims to be an "ASIC broker" and has been in business since "2016". However, our investigation suggests that all these assertions are false. Its domain name was registered in late 2023, and there are no matching records from the Australian Securities and Investments Commission (ASIC) to support its legitimacy.What's more, this allegedly UK-based company has been warned by the Financial Conduct Authority (FCA), the country's major financial watchdog, for operating without the required authorization. This further underscores the substantial risks PRIME ASSET FX carries.In essence, PRIME ASSET FX is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.PRIME ASSET FX appears to be a scam.BrokersView found that the domain "https://primeassetfx.com/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.
BrokersView found that the domain "https://primeassetfx.com/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.
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