Impersonation of Trading Point Of Financial Instruments Pty Limited (primefxlegaltrade.com) has been flagged by ASIC (Australia) for "Imposter". Addresses: 20 Cooper Square New York NY 10003 USA This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: primefxlegaltrade.com.
I have been trying to close my account with Impersonation of Trading Point Of Financial Instruments Pty Limited (primefxlegaltrade.com) for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Easy to use platform|Detailed reporting|Market news feed
Cons: Spreads widen during volatile periods|Mobile app could be improved
After for roughly four months with Impersonation of Trading Point Of Financial Instruments Pty Limited (primefxlegaltrade.com), I can only describe the experience as death by a thousand cuts. No single issue was catastrophic, but the constant stream of small problems, slow responses, and missing features wore me down until I finally left.
Pros: Fast support response|Easy to use platform
Cons: Help articles are sometimes vague|Slow to add new assets
I experienced a security concern with my Impersonation of Trading Point Of Financial Instruments Pty Limited (primefxlegaltrade.com) account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.
Pros: Reliable uptime|Comprehensive tools|Clear documentation
Cons: Help articles are sometimes vague|Slow to add new assets
The only good thing about Impersonation of Trading Point Of Financial Instruments Pty Limited (primefxlegaltrade.com) is that they remind you why regulation matters. I found them through a podcast recommendation. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Copy trading available|Instant funding|Risk management tools
Cons: Search feature is basic
The spread at Impersonation of Trading Point Of Financial Instruments Pty Limited (primefxlegaltrade.com) is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them based on a colleague's recommendation and initially thought the platform was good - until I started trading seriously.
Pros: Clear documentation|Personal attention|Fast support response|Instant funding
Cons: Email notifications too frequent
Impersonation of Trading Point Of Financial Instruments Pty Limited (primefxlegaltrade.com) changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Economic calendar|Regular platform improvements|Fast support response
Cons: Help articles are sometimes vague|Would like more payment methods
After spending for close to eighteen months trying to make Impersonation of Trading Point Of Financial Instruments Pty Limited (primefxlegaltrade.com) work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Fast deposits|Good analytical tools
Cons: None so far
The platform at Impersonation of Trading Point Of Financial Instruments Pty Limited (primefxlegaltrade.com) is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After since last summer of dealing with this, I have had enough.
Pros: Portfolio tracking tools|Instant funding|Tax reports included
Cons: Onboarding videos are outdated
Impersonation of Trading Point Of Financial Instruments Pty Limited (primefxlegaltrade.com) has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.
Pros: Good analytical tools|Quick verification|Social trading features
Cons: Wait times can be long during peak hours|Email notifications too frequent
What really bothers me about Impersonation of Trading Point Of Financial Instruments Pty Limited (primefxlegaltrade.com) is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them when my bank disappointed me and I searched for alternatives and I fell for the polished exterior. Never again.
Pros: Tax reports included|Regular updates
Cons: Wait times can be long during peak hours