CTX Prime Review

Forex and CFD trading are offered to investors by the unlicensed broker CTX Prime. Their corporate headquarters are located in Dominica, which is a country commonly regarded as an offshore refuge. They have RMD Developments LTD as its parent business. The broker has gotten numerous warnings from financial regulators due to their actions.

Leading Financial Regulators Issue Warnings to CTX Prime

The FMA of New Zealand has a warning for CTX Prime. The warning, which claimed that traders would fall for the CTX Prime fraud, was sent in September 2020.

Along with this warning, Spain’s CNMV also issues a statement advising against doing business with the broker. Despite any representations to the contrary, the regulators make it clear that the broker is not permitted to provide financial services.

Numerous complaints from former clients

Former customers’ opinions of CTX Prime are typically unfavorable. Traders say that they have lost a significant amount of money dealing with the broker, claiming that they are not to blame for the losses.

Customers claim that they were unable to speak with the broker on the phone about problems relating to their accounts. The inability to process withdrawals was one of the most significant problems that former customers had.

Using CTX Prime for Trading

Over 380 different financial instruments are available through the broker. These assets have a staggeringly high leverage limit of 1:200, which is against the law in most European countries.

Additionally, traders cannot rely on MetaTrader 4, which has a proven track record. A unique platform is provided by CTX Prime. It’s impossible for the platform to compete with MetaTrader 4.

The minimum amount needed to get started with this broker is $250.

Unfounded Claims About Robo-Trading

The advertising of purported automatic trading systems has become a new trend among unregulated brokers. These systems provide risk-free returns with minimal effort.

An account with this feature is advertised by CTX Prime, promising novice traders enormous gains. These assertions, however, are greatly exaggerated, and it is quite improbable that the broker possesses the technology necessary to provide efficient and trustworthy automated trading.

Avoid CTX Prime

Most traders conclude that a broker isn’t worth the bother when they get warnings from financial regulators. Many traders may have already suffered financial losses prior to the release of these warnings.

There are definitely good reasons to be wary of the services offered by brokers CTX Prime.

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2 Comments

Valeria September 6, 2021 at 5:56 pm

This is a fraudulent company! Nobody invest! Luckily, I only invested € 250, which was even stolen from me. I had the money for 5 months, during this time they tried several times over the phone to convince me to invest more. Fortunately, I resisted. Nothing was ever in writing. I tried to take it out several times, but it didn’t work out at all. After 5 months, an email came in stating that I had lost my money due to market volatility. My account and registration on the website have been canceled. Everyone take care!

Sarah August 21, 2022 at 11:24 am

Please please please do not trust CTXPrime they are scum they will sweet talk you into given them money and your never see it again they say your making money then all of a sudden you’ve lost it ( not true) you haven’t lost it they keep it I can’t believe I fell for it but I did I’m sick to my stomach that people can do this, the money was inheritance from when my father passed away last year.
This company need to pay for what they put people through I’ve reported them to fraud police I doubt anything will be done but if enough people complain and people read this then hopefully they won’t Con any one else.
Sarah lentle
Berkshire

CTX Prime is a Scam Broker – Read CTX Prime Reviews