Step into the dark side of online trading with CTX Prime. This is an enticing but unregistered broker that lures investors with the promise of trading both CFDs and forex.
Donning the guise of RMD Developments LTD, the broker operates out of the sun-soaked paradise of Dominica, a popular offshore destination for shady trading brands.
However, beware of its questionable practices that have left many investors in a state of financial ruin. Let’s dive deeper into this CTX Prime review.
|Minimum Deposit||250 Eur|
License and Funds Security at CTX Prime
If you’re thinking of trading with CTX Prime, you might want to read this first. We did some digging and found out that the company behind this brokerage is registered in the Dominican Republic, where regulatory standards aren’t very strict. That means they don’t have any regulatory oversight, which could spell trouble if you encounter fraud or other issues.
We also noticed that they listed a UK phone number, but we couldn’t find any info on the FCA’s website about this brand. Long story short: trading with fake brokers like CTX Prime is risky business. Moreover, you could be putting your finances in danger. For a safer option, consider trading with a company regulated by a well-respected regulatory agency.
CTX Prime Trading Platform Overview
CTX Prime’s web-based trading platform falls short of the essential features that professional trading platforms like MetaTrader 5 offer. For instance, the platform cannot run automated trading sessions, a popular feature of MetaTrader 5.
Additionally, the software lacks robust charting tools. If these features are crucial to your trading strategy, we recommend checking out brokers that support MetaTrader 5.
Note: Your input is valuable to us, and we would like to invite you to share any adverse encounters you may have had with this or any other deceitful business.
Trading Instruments Available at CTX Prime
CTX Prime did not disclose its trading instruments on its web page. CTX Prime has not provided any information on the specific financial instruments that it trades, making it difficult for potential investors to decide whether to invest in them. Additionally, the company’s website appears broken, further eroding trust in the platform.
The inability to access essential information on the website has led many to question the legitimacy of CTX Prime. This raises doubts about its ability to provide a reliable and secure trading environment. These issues highlight the importance of transparency in the financial sector and the need for people to conduct due diligence before investing their money.
CTX Prime – Account Types
Many traders have expressed anger with the lack of transparency regarding the different account options available. We already know that their site is currently broken, which has further eroded trust in the platform.
These issues have caused concern among traders, who increasingly demand transparency and accountability from FX trading platforms. In conclusion, the lack of information about trading account types, combined with the website’s technical issues, raises significant doubts about CTX Prime’s ability to provide a reliable trading environment.
Deposit and Withdrawal
According to their web page, CTX Prime claims to accept payments via bank wire, VISA, and MasterCard, but it appears that they prefer BTC payments.
If you’re interested in crypto payments, you may want to explore other brokers who accept BTC. Additionally, it’s imperative to note that CTX Prime’s Terms and Conditions state that they reserve the right to refuse card deposits from their users.
How Does This Scam Operate?
It is becoming more and more common to fall victim to scammers in the financial markets. These fraudsters prey on unsuspecting individuals by creating fake broker websites that offer no real benefits. They use these sites to trick people into thinking they have invested their money, only to disappear once the funds have been deposited.
These scams often begin with scammers obtaining contact information and repeatedly calling to persuade victims to invest. Unfortunately, the victims never see any actual profits and cannot withdraw any cash. To make matters worse, scammers often operate through offshore firms and mask their addresses and names, making it difficult to track them down.
Even if all the withdrawal conditions are met, the scammers disappear and move on to their next deceitful tactic. It’s important to be cautious and never feel embarrassed about reporting a scam. Keep in mind that the terms and conditions of these fraudulent sites can be a puzzle, with high minimum trading volume requirements and other red flags to watch out for.
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CTX Prime Summary
CTX Prime is a firm that operates with a questionable level of transparency and legitimacy. The company is registered in the Dominican Republic, which has lower regulatory standards, and it appears that the company lacks any regulatory oversight. The website is broken, and they do not provide information about their trading instruments and account types.
These factors raise doubts about the ability of CTX Prime to provide a secure trading environment. What’s more, the platform’s web-based trading software lacks many basic features such as automated trading and charting tools.
The deposit and withdrawal process seems complicated, and the company appears to favor BTC payments. Traders should be careful, and conduct due diligence before investing their money in this company.
Is my Money Safe with CTX Prime?
It is uncertain whether your money is safe with CTX Prime due to its debatable level of transparency and lack of regulatory oversight.
Does CTX Prime Offer a Demo Account?
There is no information about whether CTX Prime offers a demo account.
How Secure Is CTX Prime?
CTX Prime’s lack of regulatory oversight and broken website raises many concerns about its security.