Unproved
Closed
Unproved
Closed
PrivateFX
N/A
Founded in
2015 (11 Years)
Founded
Last online: No recent activity
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OVERALL SCORE
Licenses
--/40
Reviews
--/60
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Security Information
Warning
This company is currently Unproved.
Please be cautious of the potential risks!
License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.
Warning Report
Warning Report is a record of alerts about trading activities, account management, or compliance issues. It helps you keep track of potential risks or problems in your trading account.
Close
|
Mar 12, 2024
This broker is closed.
Company Information
Get to know PrivateFX
Company Information
Get to know PrivateFX
PrivateFX emerged in late 2015, positioning itself as a successor to the collapsed forex broker Forex Trend. The company offered online trading services in forex, CFDs, and commodities, with a heavy emphasis on managed account products like PAMM (Percentage Allocation Management Module) and "Active Investor" accounts. It primarily attracted clients from Russia, Ukraine, and other CIS countries, many of whom were previous clients of Forex Trend. The company's history is marred by controversy, and it abruptly stopped processing withdrawals and ceased all operations in 2017, leading to significant financial losses for its clients and reinforcing public accusations of it being a fraudulent enterprise.
Industry
- Forex Retail BrokerPRIMARY
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