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XB PRIME
Regulators: Seychelles FSA
https://www.xbprime.com/
XBPRIME is not a regulated or licensed broker for traders even though it states offers that look good to be true.
XBPRIME claims to be the brand name of MARKETFINANCIALS LIMITED, a Seychelles Securities Dealer Licensee, authorized and regulated by the Seychelles Financial Services Authority (Seychelles FSA) under license number SD006.
We indeed find a match result to MARKETFINANCIALS LIMITED in Seychelles FSA, but as per the regulatory details shown on the regulator, the registered email address and the domain of the licensed company are respectively "info@market-financials.com" and "www.market-financials.com." That means XBPRIME actually has no connection with the licensed firm since the former's information does not match with the licensed firm.
The truth is, XBPRIME is a clone firm falsely uses regulatory information of a licensed firm and XBPRIME is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like XBPRIME and trade with licensed brokers.
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FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.
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