PrimeFMS, primefms.com

Another scam very similar to Aston Forex and EurobondFX (seems they may be ‘white labelling’ the brokerage?)

They called me, supposedly from London (and a very busy call centre by the sounds of it). First thing I try to establish is if they are actually where they say they are. They gave me their website and I looked up the contact page to find the address. Only about 600m north of the Thames River. I asked the first person if they knew the river not far from them. Didn’t even know a river was there. Pretty much the same answer from the next ‘broker’. Finally, the third ‘manager’ actually knew the name of the river, only because I gave them a hint that it was the main river going through London. Supposedly she also rode her bike to work, but couldn’t name the suburb she lived in.

Though they say they have been around for most of a decade and are a ‘household name’ , their domain name was only registered in April this year, and they are Still not listed with Any regulatory body ( now they are saying they are regulated in Cyprus, which doesn’t do much for their credibility). That means, if anything goes wrong, you have no-one to turn to.  They say they are registered in the UK as a private company but cannot prove it. Be warned.

Apart from this lack of credibility, they also want you to sign up for an account with them ASAP. Their main sales pitch is that you can use SIRIX, a social trade copier. I didn’t get as far as find out where their banking is done.

I would steer well clear.

ALso a report here from Forex Conclusions