ANSWER BitPrimeFX Markets is an unlicensed broker we advise against trading with, despite the seemingly attractive deals it offers.BitPrimeFX Markets claims to be regulated by the U.S. Security and Exchange Commission (SEC) with CIK number #0001749018. However, our search for this broker in the SEC registry didn't yield any results. This means it is using false details to deceive unsuspecting investors. Additionally, the SEC is not the regulatory body in the US responsible for forex markets. That authority rests with the National Futures Association (NFA). However, we didn't find any search results for BitPrimeFX Markets in the NFA registry either. As such, this broker is basically not subject to any effective regulations.Regarding your question, investors are advised not to deal with BitPrimeFX Markets since it is an unregulated broker carrying high risks. There are no legal protections to safeguard the funds entrusted to this broker and prevent fraud or theft. Therefore, we strongly suggest investors stay away from unlicensed brokers such as BitPrimeFX Markets and opt for fully regulated ones instead.
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