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TenX Prime is an online trading platform that has been the subject of much debate and controversy. However, there have been persistent rumors that TenX Prime is a scam and that traders should avoid it at all costs. In this review, we will explore whether these rumors are true and whether TenX Prime is a broker that can be trusted.
One of the main concerns about TenX Prime is that it is not a licensed broker. They claim that FCA and CySEC regulate them. But there is no actual proof for that claim. This lack of regulation means there is no oversight of TenX Prime’s activities and no guarantee that traders’ funds are kept in secure accounts.
Trusting an unlicensed broker can be risky for several reasons. First, there is a greater risk of fraud, as unscrupulous brokers may use their position to scam traders out of their funds. Second, there is no guarantee that an unlicensed broker will follow best security and risk management practices. Finally, if a trader does have a dispute with an unlicensed broker, they may find it difficult to seek redress.
Given that it is an unlicensed broker, it is difficult to say whether it can be trusted. While there are no reports of outright fraud, there are certainly concerns about the company’s business practices. For example, some traders have reported difficulties withdrawing funds, while others have claimed that the platform’s trading conditions are unfair.
Traders’ opinions of TenX Prime are mixed. While some have reported positive experiences, others have been highly critical. Negative reviews often focus on the difficulty of withdrawing funds, the high fees charged by the platform, and the poor quality of customer service.
If TenX Prime or any other unlicensed broker has scammed you, submit a report through our form. We will provide a free consultation and guide you through the fund recovery process.