Global Broker Regulation Inquiry App
About WikiFX

Score

0 1 2 3 4 5 6 7 8 9
.
0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10

GENIUS TRADING

Bulgaria Bulgaria | 5-10 years |
Questionable Regulatory License | Suspicious Operational Region | High Potential Risk

https://primexclub.com/?lang=en

Website

Rating Index

Contact

https://primexclub.com/?lang=en

license Forex License

No forex trading license found. Please be aware of the risks.

Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!
2

Basic Information

Registered Region
Bulgaria
Operating Period
5-10 years
Company Name
Prime X Club
About Us
Wiki Q&A
Comment

Users who viewed GENIUS TRADING also viewed..

STARTRADER

STARTRADER

8.56
Score
ECN Account10-15 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
STARTRADER
STARTRADER
Score
8.56
ECN Account10-15 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
Official Website
FXCM

FXCM

9.40
Score
20+ yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
FXCM
FXCM
Score
9.40
20+ yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
Official Website
VT Markets

VT Markets

8.68
Score
ECN Account10-15 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
VT Markets
VT Markets
Score
8.68
ECN Account10-15 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
Official Website
Exness

Exness

8.33
Score
10-15 yearsRegulated in CyprusMarket Making License (MM)MT4 Full License
Exness
Exness
Score
8.33
10-15 yearsRegulated in CyprusMarket Making License (MM)MT4 Full License
Official Website

Company Profile

Company Profile

Review summary

Note:GENIUS Trading's official website:https://primexclub.com/?lang=en is currently inaccessible normally.

AspectInformation
Company NameGENIUS Trading
Registered Country/AreaBulgaria
Founded Year2010
RegulationUnregulated

GENIUS Trading Information

Originally founded in 2010 and with Bulgarian headquarters, GENIUS Trading operates as an unregistered business. This lack of regulatory supervision suggests that the company does not follow the compliance and protection rules required by regulated financial institutions, therefore raising the possible risks to investors.

GENIUS Trading Information

Is GENIUS Trading Legit or a Scam?

Unregulated, GENIUS Trading runs without the compliance and protection requirements mandated by financial regulatory agencies, therefore increasing the risks to investors by lack of openness and responsibility.

Is GENIUS Trading Legit or a Scam?

Downsides of GENIUS Trading

Since GENIUS Trading runs without any regulatory control, investors run more risk since there are no guarantees of adherence to financial criteria or protections.Traders find it difficult to assess the dependability and integrity of the platform since important knowledge on trading conditions, leverage, and contact techniques is not revealed.Reports and evidence point that GENIUS Trading perhaps engaged in dishonest behavior, including client account shutting out and trading situation manipulation.

Negative GENIUS Trading Reviews on WikiFX

An essential comment part in WikiFX is exposure.Before trading on unofficial platforms, we recommend users to check this part.It shows material and evaluate dangers. Please kindly visit our website for details.WikiFx has 4 exposures of it. I will introduce 2 of them.Exposure.1 Shady, unresponsive

Negative GENIUS Trading Reviews on WikiFX
ClassificationShady, unresponsive
DateFebruary 20th,2023
Post CountryAustralia

The client advised others to stay away from the platform since GENius Trading locked them out of their account and provided sluggish customer care, therefore scamming them.One could visit:https://www.wikifx.com/en/comments/detail/Co202303304271823090.htmlExposure.2 Website down

Negative GENIUS Trading Reviews on WikiFX
ClassificationWebsite down
DateDecember 12th,2022
Post CountryUnited States

The consumer reported that the GENIUS Trading website is down and expressed hope that it is not a scam business since falling victim to money frauds is rather unpleasant.You could check:https://www.wikifx.com/en/comments/detail/Co202302162761113379.html

Conclusion

Finally, because of its lack of control, claims of unethical business behavior, and inaccessibility of its official website, trading with GENIUS Trading is quite dangerous. To guarantee better security and safety for their money, investors are highly suggested to select controlled brokers with open information and proven dependability.

Company Profile

  • 5-10 years
  • Questionable Regulatory License
  • Suspicious Operational Region
  • High Potential Risk

Wiki Q&A

Is GENIUS TRADING safe to trade with?

GENIUS TRADING, operating as Prime X Club from Bulgaria, is an unregulated entity with a high-risk profile. It holds no valid licenses from major financial regulators and has a low WikiFX score of 1.58 out of 10. Client funds lack the protection of standard compensation schemes, and there is no formal avenue for dispute resolution.

04-02
United States

Is GENIUS TRADING suitable for forex trading beginners?

Trading forex and CFDs involves a high degree of complexity and market risk. Whether you choose GENIUS TRADING or another trading platform, we strongly recommend that beginners thoroughly study forex basics before investing real funds. It is also highly advisable to practice with a demo account first to familiarize yourself with the platform's operations and market volatility.

04-02
United States

What essential information should I know before trading with GENIUS TRADING?

Before opening a live account, it is recommended to comprehensively understand the platform's regulatory status, deposit and withdrawal policies, spread costs, and overnight fees (swaps). Additionally, you can consult WikiFX to review the broker's latest score and user feedback to help you make a more informed investment decision.

04-02
United States

¿Cuáles son los organismos reguladores de forex más comunes?

Entre los organismos reguladores más comunes se encuentran la Financial Conduct Authority (FCA), la Australian Securities and Investments Commission (ASIC), la Commodity Futures Trading Commission (CFTC), la Securities and Exchange Commission (SEC), la Cyprus Securities and Exchange Commission (CySEC) y la Monetary Authority of Singapore (MAS). Estos organismos suelen aplicar estándares regulatorios estrictos. En WikiFX es posible consultar clasificaciones de brókers según su entidad reguladora.

Three days ago

How can I determine if a forex broker is regulated?

To determine whether a broker is regulated, the key is to verify whether it holds a valid financial license. Investors can check the license number and status through the official websites of regulatory authorities (such as Financial Conduct Authority, Australian Securities and Investments Commission) to confirm whether the license is real and under valid supervision. It should be noted that some brokers may engage in license cloning or unauthorized operations, meaning they use another company's license or provide services in regions where they are not authorized. These situations also involve risks. In addition, investors can use WikiFX to check the broker's regulatory status, historical records, and risk ratings as supporting reference, so as to evaluate its compliance more comprehensively.

04-02
United States

Bagaimana cara mengidentifikasi broker dengan profil risiko tinggi?

Broker dapat dinilai memiliki profil risiko tinggi dengan mempertimbangkan status regulasi, keluhan pengguna, keamanan dana, serta konsistensi informasi publik yang tersedia. Broker tanpa regulasi valid, yang sering mengalami masalah penarikan dana, atau memiliki banyak keluhan pengguna biasanya menunjukkan tingkat risiko yang lebih tinggi. Informasi tersebut dapat diperiksa melalui WikiFX untuk membantu evaluasi secara lebih komprehensif.

Three days ago

Bagaimana cara menghitung skor WikiFX?

Skor WikiFX dihitung menggunakan model evaluasi multidimensi yang mencakup indeks regulasi, indeks lisensi regulasi, indeks kapasitas operasional, indeks manajemen risiko, serta indeks teknologi platform trading. Skala skor berkisar antara 0 hingga 10 poin dan diperbarui secara berkala berdasarkan perubahan regulasi dan data operasional terbaru.

Three days ago

¿Es posible recuperar fondos tras un fraude de inversión?

La recuperación de fondos tras un fraude de inversión puede resultar difícil, pero tomar medidas oportunas puede ayudar a recuperar parte de las pérdidas. Se recomienda conservar registros de transacciones y comunicaciones relevantes, contactar con el banco para intentar detener o congelar los pagos y presentar una denuncia ante las autoridades competentes. Además, los inversores pueden utilizar los canales de reclamación pública de WikiFX para aumentar la visibilidad del problema.

Three days ago
View More
Post a Review
Exposure
Exposure
Neutral
Neutral
Positive
Positive

Share your experience

Required...

Submit Now
Write a Review
Customer ServiceDownload AppScroll to TopTOP

Chrome

Chrome Extension

Global Forex Broker Regulation Query

Browse the forex broker websites and identify the legit and fraud brokers accurately

Install

Select Country/Region
United States
※ WikiFX compiles data from publicly available sources and user contributions. While we endeavor to maintain its accuracy, we do not warrant the information's completeness, accuracy, or timeliness, as it may become outdated. Investors are strongly advised to verify critical details with official sources before making any decisions.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qa@wikifx.com
Cooperation:business@wikifx.com