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Score

1.63 /10
Danger

Prime Codex

Saint Vincent and the Grenadines

2-5 years

Regulated in United States

Suspicious Regulatory License

MT4/5 full license

Regional Brokers

United States Common Financial Service License Unauthorized

Suspicious Overrun

High potential risk

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Score

License Index 0.00
Business Index 5.48
Risk Management Index 0.00
Software Index 6.13
Regulatory Index 0.00
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Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Contact number

English

+1 315 820 1688

Broker Information

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Company Name

Prime Codex LLC

Company Abbreviation

Prime Codex

Platform registered country and region

Saint Vincent and the Grenadines

Company website

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Warning: Low score, please stay away! 3
Previous Detection : 2023-06-02
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • United StatesNFA (license number: 0554233) The regulatory status is abnormal, the official regulatory status is Unauthorized. Please be aware of the risk!

WikiFX Verification

Prime Codex · Company summary

General Information

Prime Codex is allegedly a forex broker regulated by the Financial Services Authority (FSA) of Saint Vincent and the Grenadines that provides its clients with the industry-standard MetaTrader5 trading platform, flexible leverage up to 1:500, floating spreads on some tradable assets, as well as a choice of two different account types.

Market Instruments

Prime Codex advertises that it mainly offers two different classes of trading instruments in financial markets, including 35 currency pairs and metal.

Account Types

There are two trading accounts offered by Prime Codex, namely Standard and ECN. Opening a Standard account requires the minimum initial deposit amount of $1, while the ECN account with the much higher minimum initial capital requirement of $100.

Account

Leverage

Prime Codex provides its clients with flexible leverage ratios of 1:50, 1:200 and 1:500. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Spreads & Commissions

Spreads and commissions are influenced by what type of accounts traders are holding. Prime Codex reveals that the clients on the ECN account can enjoy raw spreads from 0 pips with a commission of $7, while the Standard account with no commission.

Trading Platform Available

When it comes to trading platforms available,Prime Codex gives traders the worlds most widely-used MetaTrader5 platform. MT5 is known as one of the most successful, efficient, and competent forex trading software.

Deposit & Withdrawal

Prime Codex didnt directly reveal any detailed information about deposit or withdrawal methods on its official website. The only available information is that the minimum deposit amount is only $1, while the minimum withdrawal requirement is $5.

Customer Support

Prime Codexs customer support can be reached by phone: +13158201688, email: support@primecodex.com. Besides, you can also follow this broker on some social media platforms like Facebook, Instagram, LinkedIn and Skype. Company address: Suite 305, Griffith Center, Beachmont Kingstown. St Vincent and the Grenadines.

User Reviews

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ポ福 
more than one year
So far so good, the broker is a bit slow in resetting passwords. Reaching out to support mail, they sorted it quickly. Broker has made profits very quickly, trying to do my first withdrawal. Let's see how that goes in a couple of days, will leave an update here again if I get all cashback without having to fight for them.
2023-03-21 17:47
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1a1b2采
more than one year
User-friendly platform. I first opened a demo account with Prime Codex to understand the look and feel of the platform and to be very honest I am impressed with how easy it is to use.
2022-12-16 17:12
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