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0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10

Primax Trades

United Kingdom United Kingdom | 2-5 years |
Questionable Regulatory License | Suspicious Operational Region | High Potential Risk

https://primaxtrades.co/

Website

Rating Index

Contact

+44 7405428976
https://primaxtrades.co/
11 David Lewis St, Liverpool L1 4TW, UK

license Forex License

No forex trading license found. Please be aware of the risks.

Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!
2

Basic Information

Registered Region
United Kingdom
Operating Period
2-5 years
Company Name
Primax Trades
Email
support@primaxtrades.co
Contact Number
+447405428976
Verified Site
About Us
Wiki Q&A
Comment

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Official Website

Verified Site

  • primaxtrades.co
    162.213.255.33
    Server Location
    United States United States
    ICP Registration No.
    --
    Top Visitor Locations
    --
    Creation Date
    --
    Website Name
    --
    Company
    --

Review summary

Primax Trades is a financial services entity registered in the United Kingdom, with an operational history estimated at between 2 and 5 years. The broker's operational setup is marked by the absence of any valid, authoritative financial regulatory licenses for forex trading. A WikiFX risk assessment scores the entity at 1.41, reflecting a fundamental lack of credible financial oversight and a business scope identified as highly suspicious. Consequently, prospective clients should be aware that dealing with Primax Trades entails significant risks, as there is no regulatory framework to protect client funds or resolve disputes. Note: Regulatory status, trading conditions, and risk assessments may vary by jurisdiction. The WikiFX score reflects currently available information.Please verify all entity details independently before trading. (Updated: 2026-03-20)

Company Profile

  • 2-5 years
  • Questionable Regulatory License
  • Suspicious Operational Region
  • High Potential Risk

Wiki Q&A

Is it risky to trade with Primax Trades?

Yes, trading with Primax Trades is associated with significant risk due to its unregulated status; it operates without any valid financial regulatory licenses for forex trading, offers no formal oversight for client fund protection, and carries a low WikiFX score of 1.41, classifying its business scope as highly suspicious.

04-02
United States

What licenses does Primax Trades hold?

Primax Trades does not hold any verifiable financial regulatory licenses. A review of its regulatory profile confirms the absence of oversight from any major global financial authority, meaning it operates as an unregistered and unregulated entity within the forex trading industry.

04-02
United States

When was Primax Trades established?

Primax Trades has an operational history estimated to be between 2 and 5 years. The broker is registered in the United Kingdom.

04-02
United States

What is WikiFX, and how does it help investors?

WikiFX is a third-party platform that provides forex broker information inquiry and risk alerts. This type of platform mainly integrates brokers' regulatory information, user feedback, and historical records, and conducts comprehensive evaluation through a multi-dimensional model to help investors quickly understand the broker's basic situation and potential risks. By using such tools, investors can conduct preliminary screening before choosing a broker, thereby reducing decision-making risks caused by information asymmetry.

04-02
United States

What is a clone broker website?

A cloned broker website refers to a fraudulent website that imitates the information of a legitimate broker. Such websites usually copy the real company's brand name, page design, and even regulatory information to mislead investors into making deposits. Common features include: a domain name highly similar to the official website (such as slight spelling differences), abnormal or unverifiable contact information, and promises of unusually high returns. Once funds enter such platforms, they are usually difficult to recover. Investors can identify potential risks by checking the official domain name, verifying regulatory information, and using WikiFX for cross-verification.

04-02
United States

How should I compare different forex brokers to find the best one?

To compare different brokers, investors can make comprehensive judgments from multiple dimensions such as regulatory qualifications, overall ratings, trading environment, account conditions, and user feedback. In general, priority should be given to regulatory status and license information, followed by WikiFX ratings and various indexes (such as risk control, software, and business indexes). At the same time, trading conditions (such as spreads and execution speed) and account information (such as minimum deposit and account types) should also be compared. In addition, user reviews, exposure records, and risk assessment information can also be considered to evaluate broker safety and trading experience from multiple aspects. The WikiFX platform also provides multi-dimensional broker comparison tools. Users can select different brokers for visual comparison and comprehensive analysis, so as to make decisions more efficiently.

04-02
United States

How can I identify a scam or fraudulent forex broker?

A broker can be evaluated as a potential scam platform by considering multiple factors such as regulatory qualifications, user complaints, fund security, and platform data. In general, brokers without valid regulation, those that frequently have withdrawal problems, those with a large number of user complaints, or those providing false information usually carry higher risks. You can check the broker's regulatory status, overall rating, exposure records, and user reviews on the WikiFX platform, and make judgments based on multi-dimensional data to effectively identify and avoid scam platform risks.

04-02
United States

What does it mean if a broker holds multiple regulatory licenses?

If a broker holds multiple regulatory licenses, it usually means that it operates in multiple countries or regions and needs to comply with the requirements of different regulatory authorities. Its overall credibility is generally higher. However, it should be noted that regulatory strength differs between licenses. Some offshore regulations have weaker restrictions, so safety should not be judged only by the number of licenses. It is recommended to focus on whether the broker holds licenses from major regulators such as FCA or ASIC, and evaluate its regulatory status, historical records, and overall rating together. You can also check all regulatory information and performance under different regulators on the WikiFX platform to more comprehensively assess its actual risk level.

04-02
United States
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※ WikiFX compiles data from publicly available sources and user contributions. While we endeavor to maintain its accuracy, we do not warrant the information's completeness, accuracy, or timeliness, as it may become outdated. Investors are strongly advised to verify critical details with official sources before making any decisions.
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