Home -
-
Main body -

WikiFX Express

Exness
EC Markets
XM
TMGM
FOREX.com
FXTM
AvaTrade
IC Markets Global
D prime
FXCM

PrimeXQ-Overview of Minimum Deposit, Leverage, Spreads

WikiFX | 2024-11-15 18:39

Abstract:PrimeXQ is a brokerage company whose website is inaccessible currently, leaving us uncertain about its background, operational status and trading conditions. All the info in this article is from the Internet. The broker is said to offer trading services in forex, indices, stock, cryptos, commodities and futures. There are 3 tiered live accounts with a minimum deposit from a high $500. Trades are executed on the world leading MT4 platform and its own web-based platform. Furthermore, the broker's operation without valid regulation further exacerbates its credibility and reliability, warning you to stay away from unprofessional brokers like PrimeXQ.

Note: PrimeXQ's official website: https://www.primexq.com/ is currently inaccessible normally.

PrimeXQ Review Summary
Founded/
Registered Country/RegionUnited Kingdom
RegulationNo regulation
Market InstrumentsForex, indices, stocks, cryptos, commodities, futures
Demo Account✅
EUR/USD Spread3 pips
LeverageUp to 1:400
Trading PlatformMT4, WebTrader
Min Deposit$500
Customer SupportEmail: support@primexq.com
Tel: +43720775471, +41449746080

PrimeXQ Information

PrimeXQ is a brokerage company whose website is inaccessible currently, leaving us uncertain about its background, operational status and trading conditions. All the info in this article is from the Internet.

The broker is said to offer trading services in forex, indices, stock, cryptos, commodities and futures. There are 3 tiered live accounts with a minimum deposit from a high $500. Trades are executed on the world leading MT4 platform and its own web-based platform.

Furthermore, the broker's operation without valid regulation further exacerbates its credibility and reliability, warning you to stay away from unprofessional brokers like PrimeXQ.

Regulatory Status

Regulation is a crucial aspect of evaluating the legitimacy and reliability of a brokerage firm, and in the case of PrimeXQ, the broker operates without any valid regulatory oversight. The absence of a regulatory framework raises huge concerns regarding the broker's adherence to industry standards, financial transparency, and the protection of client interests.

Regulatory Status

Downsides of PrimeXQ

Unavailable website: PrimeXQ's website cannot be opened currently, which indicates possibility of cease of operation.

Regulatory concerns: The broker operates with no valid regulation currently, meanig that it might not comply to financial rules and customer protection. This heightens trading risks with them.

High minimum deposit: Though PrimeXQ offers 3 tiered live accounts, minimum deposit is set at a high level from $500, which is a barrier for beginners or those with limited capital.

Wide spreads: From the demo account, the test found that the broker's EURUSD spread on all account types was 3 pips, which is wide and will bring extra costs for transactions.

What Can I Trade on PrimeXQ?

PrimeXQ advertises that it offers a variety of market instruments for trading, these include:

  • Forex (Foreign Exchange): The global marketplace for buying and selling currencies, where traders profit from changes in exchange rates between currency pairs. PrimeXQ supports 50 currency pairs including the popular EURUSD.
  • Indices: The broker off ers 20 indices, which are statistical measures of the performance of a group of stocks or other assets. Indices are used as a benchmark for the overall market or specific sectors.
  • Stocks: Shares of ownership in a company, bought and sold on stock exchanges, representing a claim on part of the companys assets and earnings.
  • Cryptos (Cryptocurrencies): Digital or virtual currencies that use cryptography for security and operate on decentralized networks, often based on blockchain technology. PrimeXQ enables trading in the popular Bitcoin, Ethereum, Ripple, Litecoin, as well as altcoins such as OmiseGo, Zcash.
  • Commodities: Raw materials or primary agricultural products that can be bought and sold, like oil, gold, or wheat, typically traded in standardized contracts.
  • Futures: Contracts that obligate the buyer to purchase, or the seller to sell, an asset at a predetermined future date and price, often used for hedging or speculation.
Tradable InstrumentsSupported
Forex✔
Commodities✔
Indices✔
Stocks✔
Cryptocurrencies✔
Bonds❌
Options❌
ETFs❌

Account Type/Spread

PrimeXQ not only offers a demo account for strategy testing, but also 3 tiered live accounts.

However, minimum deposit is quite high comparing to reputable brokers, with starting point set from $500 in Mini account, $5000 from Classic account and a whopping $20000 in the Premium account. Beginners and investors with limited capital may find this broker not friendly at all.

And the tester found that spread for EUR/USD on the demo account is wide from 3 pips.

Account TpyeMinimum Deposit
Mini$500
Classic$5,000
Premium$20,000

Leverage

Leverage is a kind of trading tool to enable traders to control larger positions with small initial capital. But it's always suggested to use leverage prudently since it can work on your side to amplify profits as well as against you to augment losses and risks.

On PrimeXQ, leverage is up to 1:400, which is much higher than the standard set by EU regulators at 1:30.

Trading Platform

PrimeXQ offers the industry leading MetaTrader 4 platform and a proprietary web-based trading platform.

MT4 is renowned for its intuitive interface and robust functions such as automated trading bot, advanced charting tools and analysis updates, etc. However, the tester found that PrimeXQ's MT4 platform is actually provided by a third party, which significantly magnify risks trading with the broker.

Deposit & Withdrawal

PrimeXQ boats a wide range of funding methods: Visa and MasterCard, as well as the popular e-wallets Skrill and Neteller. Nonetheless, when tester attempts to register a live account, only credit card is in the option list actually.

Deposit & Withdrawal

Forex tradingForex Broker

Related broker

No Regulation
PrimeXQ
Company name:PRIMEXQ LTD
Score
1.56
Website:https://www.primexq.com
5-10 years | Suspicious Regulatory License | Suspicious biz area | High potential risk
Score
1.56

Read more

Scam Alert: Vebson Accused of Account Blockage & Withdrawal Denials

Have you been facing account blockage issues at the Saint Lucia-based forex broker i.e., Vebson? Do you receive an email from Vebson about KYC verification, which you had successfully done during the challenge, upon submission of a withdrawal request ? Has the customer support team failed to respond to your queries? Well, these are nothing new at Vebson, which has been doing these for traders. Many traders have expressed their disappointment on broker review platforms. In this article, we have shared their reviews. Have a look!

Original 2025-09-23 20:21

Forex Scam List Update: Unlicensed Forex Brokers Exposed by FCA

Staying alert in the forex market is more important than ever, especially for new traders trying to understand how to choose a forex broker wisely in the ocean of forex brokers. The Forex Scam List Update is a vital resource for identifying unregulated brokers. Checkout the list below to stay safe.

Original 2025-09-23 19:35

eXcentral Exposed: Rampant Withdrawal Denials and Fund Losses

Do you feel dissatisfied with your overall trading experience at eXcentral? Does the forex broker refuse to entertain your withdrawal requests? Have you been bereft of your hard-earned capital because of constant losing trades at eXcentral? Have eXcentral officials pushed you into risky trades under the lure of guaranteed profits? These experiences have been shared by many traders on review platforms. In this article, we have shared their negative reviews of the broker.

Original 2025-09-23 19:14

What is Forex VPS and How Does It Elevate Your Trading Experience?

A Forex Virtual Private Server (VPS) acts as a cloud-based solution that empowers traders with data centre-hosted virtual computers to operate their trading software. The example includes the renowned MetaTrader platforms. As a result, traders can operate their trading platforms and experience no interruptions in their automated trading strategies, irrespective of the local internet connection, power outages, or computer breakdowns. In this article, we will explain everything about VPS forex - purpose, benefits and more details. Keep reading!

Original 2025-09-23 18:56

WikiFX Express

Exness
EC Markets
XM
TMGM
FOREX.com
FXTM
AvaTrade
IC Markets Global
D prime
FXCM

WikiFX Broker

FXTM

FXTM

Regulated
Exness

Exness

Regulated
DBG Markets

DBG Markets

Regulated
XM

XM

Regulated
AvaTrade

AvaTrade

Regulated
STARTRADER

STARTRADER

Regulated
FXTM

FXTM

Regulated
Exness

Exness

Regulated
DBG Markets

DBG Markets

Regulated
XM

XM

Regulated
AvaTrade

AvaTrade

Regulated
STARTRADER

STARTRADER

Regulated

WikiFX Broker

FXTM

FXTM

Regulated
Exness

Exness

Regulated
DBG Markets

DBG Markets

Regulated
XM

XM

Regulated
AvaTrade

AvaTrade

Regulated
STARTRADER

STARTRADER

Regulated
FXTM

FXTM

Regulated
Exness

Exness

Regulated
DBG Markets

DBG Markets

Regulated
XM

XM

Regulated
AvaTrade

AvaTrade

Regulated
STARTRADER

STARTRADER

Regulated

Latest News

How a Facebook Investment Scam Cost a Retiree RM76,740

WikiFX
2025-09-22 17:19

IQ Option Scam Alert: Withdrawal Issues and Fraud

WikiFX
2025-09-22 17:17

IG Group Acquires Independent Reserve for £86.8M

WikiFX
2025-09-22 17:51

Binarycent’s Traders are Hopeless and Hapless as Withdrawal Denials, Login Issues & More

WikiFX
2025-09-22 19:22

Defcofx Review – Is This Platform Right for Investing in Forex?

WikiFX
2025-09-22 17:39

JP Markets Review: Is This FX Broker Really Worth Investing? Know the Truth!

WikiFX
2025-09-22 19:07

Germany's Machinery Industry Faces Catastrophic Collapse

WikiFX
2025-09-21 15:00

WikiEXPO Global Expert Interviews:Stanislav Bublik Building Market Integrity and Product Innovation

WikiFX
2025-09-22 10:03

WikiEXPO 2025 Cyprus “Welcome Party” Kicks Off Tonight in Limassol

WikiFX
2025-09-23 09:52

Colmex Pro Review: Regulation, Fees, Platforms, and Safety

WikiFX
2025-09-23 18:03

Rate Calc

USD
CNY
Current Rate: 0

Amount

USD

Available

CNY
Calculate

You may also like

Olla Trade

Olla Trade

Bitstock Explorer

Bitstock Explorer

BitBridgeInfx

BitBridgeInfx

Atlasfinex

Atlasfinex

Artiks

Artiks

Apexstockstrade

Apexstockstrade

Ace Capital

Ace Capital

Shrewdsavings

Shrewdsavings

RockwellHalal

RockwellHalal

24Flex Trading

24Flex Trading