Reported as a scam / unregulated
Why TenX Prime is on the register
TenX Prime claims that its entity, TenX Prime Pty Ltd, operates as an Authorized Representative (AR) under regulation by the Australian Securities and Investments Commission (ASIC). However, our verification confirms that this AR authorization has been officially ceased. ASIC no longer permits TenX Prime Pty Ltd to conduct any financial services or brokerage activities. Similarly, TenX Prime asserts it holds a license from the Financial Sector Conduct Authority (FSCA). Upon checking the FSCA’s public registry, we found that the license number referenced by the platform is no longer associated with TenX Prime Ltd. Instead, it now belongs to a completely different company. The FSCA has effectively withdrawn its authorization for TenX Prime, rendering this claim invalid. Currently, the only verifiable registration for TenX Prime Ltd is with the Financial Services Authority (FSA) of Saint Vincent and the Grenadines. It is critical to understand that this is not a financial brokerage license. Rather, it is a basic registration as an International Business Company (IBC). Given these findings, TenX Prime appears to be engaged in fraudulent activities. It is 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.