PrimeFundFX has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Phones: +41 44 586 2822
Addresses: Badenerstrasse 329 CH-8003 Zurich Switzerland This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: primefundfx.com.
I closed a profitable position at PrimeFundFX and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: No hidden fees|Quick verification|Responsive team
Cons: No integrated tax optimization|None so far
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. PrimeFundFX said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Automated trading options|Fast deposits|Risk management tools
Cons: Wait times can be long during peak hours|Currency conversion fee exists
I gave PrimeFundFX a fair chance. After for just over a year of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: Quick verification|Responsive team
Cons: Desktop app not available on Linux
The mobile app from PrimeFundFX is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Automated trading options|Regular platform improvements|Dividend tracking
Cons: Alert system is basic|No live chat on mobile