July 25, 2021

CTX Prime Review

CTX Prime review

Overview of CTX Prime Review:

CTX Prime claims to be a world-class broker with dedicated customers from around the world. In addition to all the bogus lies displayed on their website, the company claims to offer over 380 tradable assets including commodities, shares, indices, etc. By withholding most of the important trading conditions and lying about the others, CTX Prime has been successful in scamming a lot of people by now. Read on to find out more about the CTX Prime scam in this CTX Prime review.

About CTX Prime:

This section will specifically cover all the demands and offers that are stated by CTX Prime on their website. We further will also be explaining all the red flags engaged in this review. 

CTX Prime Regulations:

CTX Prime states on their website that it is owned and operated by another company, RMD Developments LTD, that is registered in the Commonwealth of Dominica. Purported to be the parent company does not have a license other than that of Dominica. The license issued by the Commonwealth of Dominica cannot be trusted upon as Dominica is a part of the offshore islands. Therefore, it is clear by now that CTX Prime does not have a proper license from any of the top-tier regulators around the world and is not trustworthy. One must always trade with a brokerage firm that has a proper license from a top-tier regulation. The license allows the regulation to supervise the firms thereby, keeping your money safe. 

CTX Prime Trading Software:

Another red flag against the CTX Prime scam appears when we reach the trading software section. Upon checking on their website, we realized that CTX Prime does not provide MT4 or MetaTrader 4.This was a major letdown as MetaTrader 4 is considered as one of the most advanced trading software available. Moreover, CTX Prime claims to provide a web platform that is technologically advanced and provides the customers with a variety of new features to enable easier trading. However, the implementation of this trading software did not come anywhere near their boasts. The design is sloppy and gives out no information that is relevant to the customers. Therefore, we are one step closer to the fact that CTX Prime is a scam.

CTX Prime Minimum deposits, Leverages, and Spreads:

The minimum initial deposit normally ranges between 5 USD and 10 USD for most of the legitimate brokers. The scam brokers, however, demand high deposits ranging from 100 USD to 10,000 USD as this is just another way of stealing innocent traders’ money. In our case, CTX Prime demands a minimum initial deposit of 250 USD which is comparatively very high and therefore raises yet another red flag.

The leverage, yet again, plays a similar role between the legitimate brokers and the scam brokers. The legitimate brokers offer leverage up to 1:50 whereas the limit does not end for scam brokers such as CTX Prime. CTX Prime offers leverage up to 1:200 which is very high as compared to the average of 1:50 and therefore raises yet another red flag against the company. 

The company does not reveal any information about the spreads that they offer.

Conclusion:

To conclude, we can safely say that CTX Prime is a complete scam. We request our readers not to be involved in any kinds of trading or investing with this scam broker. If you have been scammed by CTX Prime, report now and get instant solutions for fund recovery.