Traxprimeyield has been flagged by Finansinspektionen for "Unregistered/Unlicensed entity offering financial products or services|Fraud ...". Traxprimeyield has a website (www.traxprimeyield.com) and is using the following contact information:
Traxprimeyield
Satrio Tower 16th, Jl. Dr Satrio Kuningan
Jakarta
Indonesia
Telephone: (888)234-5
E-mail: [email protected] This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.traxprimeyield.com.
Traxprimeyield seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.
Pros: Market news feed|Social trading features
Cons: Cannot customize dashboard fully|Limited social trading features
I closed a profitable position at Traxprimeyield 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: Personal attention|Reliable uptime
Cons: Withdrawal takes 1-2 business days
Tried to withdraw my funds from Traxprimeyield and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Cons: Cannot withdraw funds|Not regulated|Pressure tactics
Several red flags with Traxprimeyield: (1) They promise unrealistically high returns, (2) They're not registered with Finansinspektionen, (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: Unauthorized firm|Found in IOSCO warnings database