ANSWER Dear Investor,
TenX Prime is highly likely to be engaged in fraudulent operations.
The platform claims that its entity, TenX Prime Pty Ltd, operates as an Authorized Representative (AR) under regulation by the Australian Securities and Investments Commission (ASIC). However, our verification confirms that this AR authorization has been officially ceased. ASIC no longer permits TenX Prime Pty Ltd to conduct any financial services or brokerage activities. Any claim of current ASIC oversight is therefore false and misleading.
Similarly, TenX Prime asserts it holds a license from the Financial Sector Conduct Authority (FSCA) in South Africa. Upon checking the FSCA’s public registry, we found that the license number referenced by the platform is no longer associated with TenX Prime Ltd. Instead, it now belongs to a completely different company. The FSCA has effectively withdrawn its authorization for TenX Prime, rendering this claim invalid.
Currently, the only verifiable registration for TenX Prime Ltd is with the Financial Services Authority (FSA) of Saint Vincent and the Grenadines. It is critical to understand that this is not a financial brokerage license. Rather, it is a basic registration as an International Business Company (IBC).
In summary, TenX Prime currently holds no legitimate regulatory authorization from any reputable financial authority to operate as a broker. Given these findings, we conclude that TenX Prime exhibits multiple hallmarks of a fraudulent entity. We strongly advise you to cease all activity on this platform immediately. If you have already deposited funds or suspect you have been defrauded, please report the incident to your local financial regulatory authority and law enforcement.
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