Reported as a scam / unregulated
Why PRIMEFXT is on the register
PRIMEFXT presents itself as a best broker supervised by the Australian Securities and Exchange Commission (ASIC). However, the ASIC register doesn’t include any records of this company, casting doubt on its claim. Beyond its assertion of being the best ASIC broker, PRIMEFXT fails to provide any additional regulatory details. This lack of transparency raises concerns. It’s worth noting that the domain name, primefxt.com, was only registered in April 2023, contradicting its claim of operating since 2016. Furthermore, this entity, which purports to be based in the UK, has not secured authorization from the Financial Conduct Authority (FCA) before reaching out to investors. This regulatory non-compliance serves as a warning sign. In essence, PRIMEFXT is not regulated by any governing body. Entrusting this broker with investors’ funds is highly risky, as there are no legal protections in place to safeguard the funds. PRIMEFXT appears to be a scam.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.