ANSWER Dear Investor,
Xera Prime is not a trustworthy broker, as it lacks basic regulatory credentials and has been subject to official warnings.
Xera Prime does not provide any regulatory information, merely claiming to be registered in Saint Lucia. While we can confirm that there is a company named Xera Prime Global Markets Ltd in the Saint Lucia International Financial Centre (IFC) registry, this registration only grants it International Business Company (IBC) status. This does not constitute a valid financial licence. The IFC neither regulates nor licences forex trading activities. In reality, Xera Prime operates without any regulatory oversight and does not hold a valid license.
Given these serious concerns, we strongly advise all investors to steer clear of this broker and avoid engaging in any transactions with them.
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