Abstract:Recently, WikiFX received multiple reports from traders who used to trade with TenX Prime, claiming this broker has defrauded them. According to these traders, the PAMM (Percent Allocation Management Module) system of TenX Prime has completely stopped responding since October, leading to significant financial losses among investors.
Recently, WikiFX received multiple reports from traders who used to trade with TenX Prime, claiming this broker has defrauded them. According to these traders, the PAMM (Percent Allocation Management Module) system of TenX Prime has completely stopped responding since October, leading to significant financial losses among investors.
The collapse of the PAMM system has reportedly affected over 1,200 traders, many of whom entrusted their funds to TenX Prime‘s managed accounts with the expectation of stable returns. However, since early October, users have been unable to access their accounts, withdraw profits, or even contact the broker’s support team.
Numerous traders have described the situation as a total blackout — trading dashboards became unresponsive, and the brokers website either stopped updating or failed to display account balances accurately. This has caused widespread panic and confusion within the trading community.
WikiFX has released an article about one case that TenX Prime has scammed investor.
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According to the website of this platform, the operation information and relevant company information are unclear. The lack of transparency raises public concern, which traders should pay attention to this matter.
Besides, the most typical practice of TenX Prime to attract investors is to promise excessive profits. In the short term, claims such as “doubling” and “principal guarantee” have made investors' dreams come true. This kind of behavior of exaggerating profits is a typical deceptive measure and will hinder investors' calm judgment. Investors should pay attention to these “traps” and adopt realistic investment strategies.
WikiFX continues to receive emails and complaints daily from traders claiming that TenX Prime has withheld their funds and ignored all communication attempts. Some investors reported that the broker initially promised “temporary maintenance” but later shut down all responses entirely.
Such behavior raises serious concerns that TenX Prime may be operating a fraudulent investment scheme, using its PAMM system as a tool to attract deposits before disappearing with client funds.
Investigations indicate that TenX Prime does not hold a valid regulatory license from any recognized financial authority. This lack of oversight means that investor funds are not protected under any financial compensation scheme, leaving victims with little recourse.
Unregulated brokers often exploit investor trust through high-return promises and automated trading systems such as PAMM or copy trading tools. Once they accumulate enough deposits, they may freeze withdrawals or shut down platforms without notice — a pattern that appears consistent with TenX Primes current situation.
Traders are strongly advised to avoid engaging with TenX Prime or any entities claiming affiliation with it. If you have invested with this broker and experienced similar issues, report your case to WikiFX or your local financial regulator immediately.
Before investing, always verify a brokers licence and read reviews from trusted sources. A simple background check can help prevent devastating losses caused by fraudulent platforms.
Broker | Regulation Status | Minimum Deposit / Leverage | Key Protections (-) | Comments |
TenX Prime | Registered in Saint Vincent & the Grenadines (SVGFSA) — but SVGFSA does not meaningfully regulate forex brokers. Claims of regulation in Australia (Australian Securities & Investments Commission/ASIC) and South Africa (Financial Sector Conduct Authority/FSCA) but license either terminated or status “Exceeded”. | Minimum deposit USD 25; leverage up to 1:500. | Very limited investor protection; numerous complaints of withdrawal failures and non-responsiveness. | High risk: Unclear regulation, reported system freeze since October. |
IG | Highly regulated: UKs Financial Conduct Authority (FCA) registration No. 195355. Also regulated in Australia, Germany, Singapore etc. | Varies by region; typically standard minimum deposit levels, regulated leverage. | Strong protections: segregation of client funds, compensation scheme in the UK (FSCS up to £85,000) for retail clients. | Established broker with decades of history. |
OANDA | Well-regulated: FCA UK (Ref No. 542574) ASIC Australia, among others. | Standard deposit and trading conditions depending on jurisdiction. | Client funds held separately; UK clients covered by FSCS up to £85,000. | Reliable option for traders seeking regulated environment. |
The situation surrounding TenX Primes PAMM system shutdown underscores the growing risks of investing with unregulated brokers. With over 1,200 traders reportedly affected and ongoing complaints surfacing daily, this case serves as a critical warning to the trading community.
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