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• Our Review Method

• Is Primus Forex Financial Group Scam or Legit Broker?

• What is Primus Forex Financial Group?

• Primus Forex Financial Group Review Conclusion

• Pros

• Cons

Our Review Method ▲

In our rigorous review process, a team of seasoned financial specialists, boasting more than 20 years of experience in Forex trading, carries out an exhaustive evaluation of various trading services. Our team delves deep into the investigation of fees, assesses the trading platforms, and verifies adherence to regulatory standards. We also interact directly with customer support and conduct actual trades to gain a real-world understanding of the trading conditions. This comprehensive approach enables us to provide informed insights and advice on why we recommend avoiding Primus Forex Financial Group due to the issues we've identified.

Is Primus Forex Financial Group Scam or Legit Broker? ▲

Our exhaustive analysis and comparisons among over 1000 brokers have led us to the unequivocal conclusion that Primus Forex Financial Group operates as a fraudulent entity. This firm lacks the necessary regulatory oversight to legally offer financial services. Our investigation unearthed substantial evidence, suggesting deceptive practices, notably impersonating a reputable company to mislead the public. The absence of regulatory approval from any recognized authority further cements our stance that Primus Forex Financial Group is not a legitimate broker.

What is Primus Forex Financial Group? ▲

Primus Forex Financial Group has emerged as a counterfeit operation, masquerading as the legitimate forex brokerage, Primus Capital Markets UK Limited. This clone firm alleges to share the official address of its genuine counterpart, located at 3rd Floor, 9 Devonshire Square, London EC2M 4YD, UNITED KINGDOM. Such claims would necessitate the possession of a UK FCA license, akin to the authentic Primus Capital Markets. However, Primus Forex Financial Group falls short, lacking authorization in the UK or any other jurisdiction. The stringent requirements for acquiring an STP license from the UK’s Financial Conduct Authority, which include a financial commitment of USD 50,000 and a separate USD 100,000 in capital reserves (excluding client funds), remain unmet by Primus Forex Financial Group.

Primus Forex Financial Group Review Conclusion ▲

Our comprehensive review process compels us to caution all potential investors and traders against engaging with Primus Forex Financial Group and similar clone entities. The market hosts numerous regulated and trustworthy brokers, particularly within the UK and Australia, that offer secure and reliable trading environments. We advocate for trading with such reputable brokers to ensure the safety of your investments.

Primus Forex Financial Group Update

Subsequent updates have revealed that Primus Forex Financial Group's operations have ceased, with their website now inaccessible. The lack of available information casts further doubt on the broker's legitimacy and operational status. Our stance remains firm on discouraging transactions with offshore brokers, given their notorious unreliability and minimal regulatory oversight.

Pros ▲

• None identified due to the broker's fraudulent nature and lack of regulation.

Cons ▲

• The broker is unregulated and operates illegally.

• Engages in deceptive practices by impersonating a reputable brokerage.

• Lacks transparency and fails to meet regulatory capital requirements.

• The website is no longer accessible, raising questions about the broker's status.

• History of suspected fraudulent activities.

• Absence of reliable customer support or any form of accountability.

In conclusion, our in-depth review underscores the critical importance of trading with brokers that are regulated and possess a strong track record of reliability and integrity. Primus Forex Financial Group, with its myriad of issues ranging from regulatory non-compliance to outright deception, represents a significant risk to traders. Our advice is to thoroughly research and select brokers that are well-regulated by reputable authorities to safeguard your investments and trading endeavors.