PRECISION FX has been flagged by Comisión Nacional del Mercado de Valores for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
Do not use PRECISION FX for anything serious. I used them for a few weeks now for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Low minimum deposit|Professional team|Economic calendar|Helpful community forum
Cons: No crypto staking|No phone support on weekends
After for a couple of months now with PRECISION FX I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Responsive team|Real-time alerts
Cons: Alert system is basic
I found PRECISION FX after my brother mentioned them and the initial impression was positive. But for about ten months later, I have encountered so many issues that I cannot recommend them. Trades failing, charts not loading, and support tickets going unanswered for days at a time.
Pros: Responsive team|Fast support response
Cons: Mobile app could be improved|Minor UI glitches occasionally
I experienced a security concern with my PRECISION FX 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: Customizable dashboard|Clear documentation|Detailed reporting|Quick verification
Cons: Onboarding videos are outdated|Currency conversion fee exists
I want to warn everyone about PRECISION FX. They have been flagged by Comisión Nacional del Mercado de Valores as an unauthorized entity. I wish I had checked before investing. They use high-pressure sales tactics and fake testimonials. Once you send money, getting it back is nearly impossible.
Cons: Blocked my account|No legitimate license|Fake returns
The so-called education at PRECISION FX is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted for about eight months thinking they would help me learn.
Pros: Full transparency|Two-factor authentication|Transparent fees|Low minimum deposit
Cons: Limited cryptocurrency options
The platform at PRECISION FX is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After for the past six months of dealing with this, I have had enough.
Pros: Customizable dashboard|Risk management tools|Multi-device support|Low minimum deposit
Cons: Mobile app could be improved|Withdrawal takes 1-2 business days
I joined PRECISION FX after seeing their ad online and from the start, things felt off. The signup process collected far more personal information than necessary, the verification took unreasonably long, and when I finally got access, the platform was nothing like what was advertised.
Pros: Fast execution|High security standards|Portfolio tracking tools|Two-factor authentication
Cons: Search feature is basic
After using PRECISION FX since the beginning of the year, I decided to move my account elsewhere. The platform was unreliable, withdrawals took an unreasonable amount of time, and I could never get a straight answer from customer service. Frustrating experience overall.
Pros: Easy to use platform|Real-time alerts
Cons: Withdrawal takes 1-2 business days
Several red flags with PRECISION FX: (1) They promise unrealistically high returns, (2) They're not registered with Comisión Nacional del Mercado de Valores, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.
Cons: Not registered with regulators|Unrealistic promises