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Forex

Retail Broker

PrivateFX

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Unproved

Closed

Unproved

Closed

PrivateFX

N/A

Founded in

2015 (10 Years)

Founded

Last online: No recent activity

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Verification on TrustFinance

0.00

Traffic & Engagement

1.67

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Warning Report

Warning Report is a record of alerts about trading activities, account management, or compliance issues. It helps you keep track of potential risks or problems in your trading account.

Close

Thg 03 12, 2024

This broker is closed.

Company Information

Get to know PrivateFX

PrivateFX emerged in late 2015, positioning itself as a successor to the collapsed forex broker Forex Trend. The company offered online trading services in forex, CFDs, and commodities, with a heavy emphasis on managed account products like PAMM (Percentage Allocation Management Module) and "Active Investor" accounts. It primarily attracted clients from Russia, Ukraine, and other CIS countries, many of whom were previous clients of Forex Trend. The company's history is marred by controversy, and it abruptly stopped processing withdrawals and ceased all operations in 2017, leading to significant financial losses for its clients and reinforcing public accusations of it being a fraudulent enterprise.

Industry

Forex Retail BrokerPRIMARY

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News

TrustFinance Intelligence Agency

Research date: Thg 08 14, 2025

The website discusses fake Forex brokers operating in Australia, detailing various fraudulent companies and their deceptive practices. It highlights the importance of verifying broker legitimacy, regulatory compliance, and recognizing red flags that indicate scams. The article provides a blacklist of identified scam brokers, their operational issues, and the regulatory framework in Australia that aims to protect investors. Additionally, it offers guidelines on how to choose a trustworthy broker and emphasizes the risks involved in Forex trading.

The website discusses fake Forex brokers operating in Australia, detailing various fraudulent companies and their deceptive practices. It highlights the importance of verifying broker legitimacy, regulatory compliance, and recognizing red flags that indicate scams. The article provides a blacklist of identified scam brokers, their operational issues, and the regulatory framework in Australia that aims to protect investors. Additionally, it offers guidelines on how to choose a trustworthy broker and emphasizes the risks involved in Forex trading.