ANSWER PrimeOnline is not a licensed or regulated broker even though it states offers that look good to be true. PrimeOnline claims to be located in London, the United Kingdom. As per the United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK Financial Conduct Authority (FCA). However, we did not find any match results to PrimeOnline in FCA.Moreover, the France Autorité des Marchés Financiers (AMF) issued a warning that PrimeOnline is not authorized to provide forex services. You can check the full warning from here.The truth is, PrimeOnline is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like PrimeOnline and trade with licensed brokers.
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