PrimeQX Review

About PrimeQX

PrimeQX is not regulated by any recognized financial authority. The UK Financial Conduct Authority (FCA) issued a clone firm warning against PrimeQX, stating that it is not authorised to conduct regulated activity and is posing as a clone of the FCA‑authorised firm Prime Business Finance Ltd (Reference Number: 477785) with no affiliation to that entity. The warning includes use of address Kemp House, 160 City Road, London, United Kingdom EC1V 2NX; telephone numbers +44 7700100925 and +39 3399957868; and email support@primexq.com.  

PrimeQX has no verified regulation, as confirmed by multiple independent reviews. No license number or regulatory authority is cited. Claims of being licensed by Prime Personal Finance Ltd or Magnetits Capital Ltd are not verifiable in any official registry. The website is currently inaccessible, which has been interpreted as a further warning sign.   

Trading conditions listed on secondary sites include multiple account types (Mini, Classic, Premium) with minimum deposits from $250 or $500 up to $20,000, maximum leverage up to 1:400 (varying by review), and spreads allegedly ranging from 0.7 pips to 3 pips on EUR/USD. Platforms offered reportedly include WebTrader and possibly MT4, though MT4 provision is inconsistent or false. These details are based solely on third‑party observations.    

Pros and cons

Pros

• No verified positive facts from official sources; any potential advantages (e.g., multiple asset classes, platform types, different account tiers) are based on unverifiable or inconsistent information.

Cons

• Not authorised by any regulator; officially flagged as a clone firm by the FCA with no real affiliation to the licensed firm. 
• Website inaccessible, suggesting the operation may have ceased. 
• Inconsistent or contradictory data regarding account types, leverage, spreads, and platform support.