CTX Prime is a forex broker that is supposedly located in Dominican and licensed by the authorities of the Dominican Republic. In the review below, we take an in-depth look at the features Ctxprime.com allegedly offers. This review basically answer the questions: is Ctxprime legit? Is CTX Prime good? The review covers aspects of its licensing, its account types, its leverages, its withdrawal and deposit methods. Read through our review to see what we and other experts have to say about CTXPrime .
Table of Contents
CTXPrime Trading Platform
Although the website looks professional and well-designed, it feels empty as necessary and required information isn’t provided. At first glance we discover that this broker doesn’t broker support neither the MT4 nor the MT5 trading platform. In fact it does not do much to discuss trading conditions.
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CTXPRIME Account Types
In this portion of the review, we aim to explore the account types a broker might have. We check the account with its corresponding deposit and leverage. Doing this gives a clearer idea as to how a broker might work.
After thoroughly checking we discovered that this broker has three account types
CTXPrime Deposit and Withdrawal Methods
Deposit and withdrawals are the two most important transactions for us, because the end goal of trading is making a profit. In this section, we look at these methods to make sure everything is okay with it.
We could not determine exactly what this broker9s method for payment is.
Another thing to keep in mind is that there might also be withdrawal conditions concerning accounts that take advantage of the bonus promotion. Some fraudulent brokers stipulate that a trader must achieve a certain trading volume in order to be eligible for withdrawal. This is purposefully done in order to stop traders from making a withdrawal.
Is CTXPrime Licensed?
Licensing is another important part, because a regulated broker can be trusted to some extent not to do anything fraudulent. We do this part of the review by first checking the name of the company attached to the broker. Then we run that name through various regulatory bodies to discover if it is actually regulated.
Dominican republic is a place that attracts shady brokers because of their lack of proper licensing laws and a regulatory body
Traders should always ascertain if a broker is licensed before investing in them. They should check regulatory bodies such as the FCA in UK, ASIC in Australia, CySEC in Cyprus, BaFin in Germany, CONSOB in Italy and many others.
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Conclusion
In fact-checking this broker, we found that many of its claims were either or false or unverifiable. We can’t confirm their location, and also, there is a lack of transparency in depositing funds and even a foggier and non-explained process of withdrawing. We don’t advise you to invest with this broker, any attempts to do so we certainly lead to loss of your funds.
Don’t fall for this! When you start trading they are calling you several times a week. But when you tell them you don’t want to invest more than you already did the will ‘forget you’. But then the real scam happens. After some time you will have made some profit and you want to withdraw your money. Nothing happens until you contact them. Some story about insufficient trades will be told. And then suddenly all your money is GONE.