Annexa Prime is an online forex broker that supposedly deals in multiple financial instruments such as stocks, indices, commodities, and bonds. However, suspicions have been raised about its credibility and authenticity since there are no legitimate regulations governing it and a dearth of trading software.
Lack of Regulation and Transparency
Annexa Prime operates without regulatory oversight, raising serious concerns for potential traders. According to verified sources, this broker has no valid financial license, putting investors at high risk. Additionally, its WikiFX Score of 1.33/10 and Trustscore of 1/100 further highlight its lack of credibility.
Website and Security Concerns
- The website (https://annexaprime.com/) has received multiple negative reviews from users.
- The owner hides their identity using a WHOIS privacy service, raising transparency concerns.
- The site is hosted on a shared server with other low-rated websites, suggesting potential security risks.
- Cryptocurrency services are offered, which are often high-risk due to their volatile nature.
Trading Conditions and Risks
Annexa Prime provides four account options: Standard, Premium, ECN Pro, and VIP, with a leverage of up to 1:1000. The minimum deposit is $100, and the withdrawal options are Bitcoin, wire transfer, and Tether. Nevertheless, the absence of trading software and regulatory authorization makes it an unsafe option for investors.
Final Verdict: Avoid Annexa Prime
Due to its unregulated status, lack of trading software, and several red flags, Annexa Prime is not a trustworthy broker and seems to be high-risk. Traders should steer clear of this platform to safeguard their investments.
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