Abstract:CTX Prime is an offshore broker, and CFD broker claimed to be owned by RMD Developments LTD, a company located in the Commonwealth of Dominica. CTX Prime is currently not subject to any effective regulation.
General Information & Regulation
CTX Prime is an offshore broker, and CFD broker claimed to be owned by RMD Developments LTD, a company located in the Commonwealth of Dominica. The financial authorities in Dominica simply does not regulate forex and CFD brokers, and because CTX Prime is not regulated anywhere else either, that significantly lowers their credibility.
Market Instruments
CTX Prime claims to offer investors over 380 financial instruments, with a small range of instruments, including Forex currency pairs, indices, and stocks.
Minimum Deposit
CTX Prime offers investors three different types of accounts: Nuisance-Free, Auto Trading, and Social Trading. However, the minimum deposit part is not fully disclosed.
CTX Prime Leverage
In terms of trading leverage, the maximum leverage offered by CTX Prime is up to 1:200. Since leverage, can amplify both profits as well as losses, choosing the right amount is a key risk determination for traders.
Trading Platform
CTX Prime offers traders a web-based trading platform with the ability to trade over 350 financial instruments, providing real-time market dynamics. This trading platform allows clients to meet the trading needs of high-level traders.
Deposit & Withdrawal
CTX Prime only allows traders to deposit and withdraw funds to and from their accounts via VISA, MasterCard, Maestro, and wire transfer.
CTX Prime Pros & Cons
CTX Prime Advantages Include:
1. Three trading accounts
2. Free educational resources
CTX Prime Disadvantages Include:
1. Not subject to any regulation
2. Less variety of assets to trade
3. Fewer deposit and withdrawal options
4. No trading-related information (spreads & commissions)
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.