BitPrimeFxTrading ltd has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Fraud ...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I am in a dispute with BitPrimeFxTrading ltd over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Multi-currency support|High security standards|Clean UI
Cons: Help articles are sometimes vague|Could offer more webinars
BitPrimeFxTrading ltd advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Great customer service|Detailed reporting|Good analytical tools|API access
Cons: Limited ETF selection
The spread at BitPrimeFxTrading ltd is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them through word of mouth in my investment club and initially thought the platform was good - until I started trading seriously.
Pros: Educational resources|Market news feed
Cons: Inactivity fee applies after 12 months|Account statements could be more detailed