Climax Prime Review – Climax Prime Pros and Cons!
Climax Prime Review – Climax Prime Pros and Cons!

There is a website known as Climax Prime, which professes to be a legit broker. However, it is registered under the number 1175 LLC 2021 in St. Vincent and the Grenadines, and it is not subject to regulation anywhere. The website also asserts that it intends to obtain a license in other regions. This arrangement appears dubious and raises concerns for those considering doing business with them. So, let’s dive deeper into this Climax Prime review!

Also, remember the names of the 7XFX, InterCapital and Spartan Trade trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

Broker status:Unregulated Broker
Regulated by:Unlicensed Scam Brokerage
Blacklisted as a Scam by:FSA, CBR
Owned by:Climax Prime LLC
Headquarters Country:St. Vincent and the Grenadines
Foundation year:2021
Supported Platforms:MT5
Minimum Deposit:10$
Types of Assets:Currency Pairs, Metals, Energies, and Indices
Maximum Leverage:1:500
Free Demo Account:Yes
Accepts US clients: No

Is Climax Prime Broker a Fraudulent Company?

Climax Prime is an online platform that claims to be a genuine ECN broker, providing access to the world’s financial markets. Yet, there are a few issues that raise concerns about the legitimacy of their operation. 

Firstly, the broker is from St. Vincent and the Grenadines. As you all know, this is a famous offshore destination. SVG is a “Heaven on Earth” for companies seeking to avoid strict financial regulations. It is not a big problem, but it raises questions about the transparency of their operations. Yet, the fact that Climax Prime is not regulated is more concerning. 

Note: In our searches for Climax Prime in the FCA (Financial Conduct Authority), ASIC, and BaFin databases, we did not find it. For this broker, there is no Tier 1 regulation.

Climax Prime is an unregulated firm with negative reviews and a history of scamming traders from several countries. They offer MetaTrader 5 software and various trading assets, but their legitimacy is debatable.

What Traders Are Saying About Climax Prime?

On forums, traders share their experiences and opinions about Climax Prime. Some traders praise the platform for its user-friendly interface and low fees. 

Yet, others express concerns about the reliability and trustworthiness of the platform. They report technical issues or complain about poor customer service. Some traders raise questions about the security of their investments. They usually experienced fraudulent activities. 

But, we can see that the comments of the traders are negative in large numbers. 

We note that at the time of writing the Climax Prime review, there are zero reviews about them on Trustpilot.

Note: This broker is scamming people from Germany, Turkey, the United States, the Netherlands, and the United Kingdom.

Climax Prime Trading Software – Is MetaTrader 5 Available?

Climax Prime Trading Software

There is no doubt that MT5 is the world’s leading trading software. However, it is being utilized by an unscrupulous broker named Climax Prime. The platform offers a variety of advanced features. It can enhance your trading performance if you use it daily.

Despite the exceptional capabilities of the MT5, beware! Keep in mind the fact that Climax Prime Broker operates without regulation.

Trading For Mobile Devices

You can access the MT5 trading platform on any device. That is Windows, Mac, IOS, and Android. This is quite beneficial. 

It’s outstanding for a broker to include as many options for trading. This goes without saying.

Climax Prime’s Trading Assets and Instruments

There are 4 different classes of trading instruments available on the Climax Prime platform. These are currency pairs, metals, energies, and indices. 

This is a relatively good array of options. However, bear in mind that this is a broker scam. 

Climax Prime Fraud Risk Zones – Service Countries 

Although this fake broker accepts customers worldwide as they claim, it does not accept US customers, yet it does so. The broker claims to offer services to customers from Europe but not all. They also have regions where they are restricted. 

Climax Prime Limited mainly provides its services in the following countries:

  • Germany,
  • Turkiye,
  • US,
  • UK,
  • Netherlands. 

What Are The Different Account Types? 

Climax Prime Trading Account Types

Climax Prime offers 4 trading accounts to retail and professional clients. These accounts are namely Cent, Standard, ECN, and Prime. 

A Cent account is available for beginners who wish to test the trading environment, requiring only a low initial deposit of $10. The Standard account is suitable for all types of traders and requires an initial deposit of $100. 

Yet, the ECN account is ideal for professional traders and scalpers. To open an ECN account, traders must fund their account with at least $1,000. The Prime account is designed for professional and institutional clients who require a high level of service. To open a Prime account, an initial deposit of $10,000 is required.

Can a Trader Use a Demo Account?

Besides the live trading accounts, Climax Prime also offers demo accounts. In that way, they provide a risk-free way of practicing trading skills for beginners. These demo accounts simulate the live trading environment. It also allows traders to experiment without risking their real capital.

The demo accounts are an excellent way for traders to familiarize themselves with the platform’s features and tools. With a demo account, traders can develop their trading skills and gain confidence. They can refine their trading strategies before transitioning to a live trading account.

The Importance of Negative Balance Protection For Traders

Negative balance protection is a crucial feature that provides traders with a safety net in the volatile world of trading. It ensures that traders cannot lose more than their account balance.

Without negative balance protection, traders could potentially face unlimited losses that exceed their account balance, leaving them with a significant debt to the broker. This situation can have serious financial consequences, including bankruptcy and legal action.

Climax Prime doesn’t offer negative balance protection.

Affiliate Program

Climax Prime offers an affiliate program for individuals interested in promoting their services. The partnership page highlights the so-called benefits of becoming an affiliate partner. 

For example, they highlight the fact that you may earn revenue of up to $6 from your clients’ purchases. Yet, bear in mind that this broker is shady. 

Terms of Service for Climax Prime 

Generally, a broker’s Terms of Service outline the legal agreement between the broker and the client. This goes without saying! 

They typically cover important topics such as account opening and maintenance requirements, trading conditions, fees and commissions, privacy policies, and regulatory compliance.

Leverage, Spreads, and Fees

The broker offers leverage of up to 1:500, which is higher than many regulators recommend. However, it’s important to remember that leverage can lead to significant losses, especially for inexperienced traders. As a result, beginners may want to choose 

lower leverage, such as 1:10, until they gain more trading experience.

The account types available at Climax Prime come with specific spreads and commissions. The Cent and Standard accounts provide a commission-free trading environment with average spreads, and a minimum spread starting at 1.2 pips. On the other hand, the ECN account offers spreads starting from 0.5 pips, with a commission of $6 per lot. 

For the Prime account, traders can expect both spreads and commissions to be charged, with spreads starting from 0.1 pips and a commission of $5 per lot. It is important for traders to consider their trading style to choose an adequate account type. 

Scammed by a Climax Prime Broker? – We Want To Hear Your Story.

If you have been a victim of a Climax Prime broker, we would like to listen to your story and help you resolve the issue. Contact us to share your experience. 

Rest assured that we take all scam reports seriously and investigate them to the fullest extent possible. Keep that in mind. 

What is the Chargeback Procedure?

In case you have been victimized by a Climax Prime broker scam, you may opt for a chargeback procedure. 

Contact your bank or credit card firm to initiate the process and recover your funds. It is crucial to provide good evidence to support your claim. The process may take some time to complete but can retrieve your money.

What Is Climax Prime?

 Climax Prime is an online trading platform that claims to provide access to financial markets.

Is Climax Prime a Scam Broker?

Yes, Climax Prime is a scam broker. You should avoid it.

Is Climax Prime Available in the United States or the UK?

Climax Prime is not available in the United States, but it has scammed people from the US and the UK.

Does Climax Prime Offer a Demo Account?

Interestingly, Climax Prime offers a demo account for traders to practice trading skills.


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