ZuluTrade, the popular forex signal provider platform, has recently added another forex broker to their supported brokers list. This new broker goes by the name of Prime4x. This broker is apparently registered offshore – Cyprus to be precise. Thus they aren’t regulated as far as I know (maybe someone can correct me on this one), although I believe Cyprus has some sort of financial services government regulatory body.
Would I recommend this broker to all you ZuluTraders? Hmm, nope. The reason being that as I was doing my research on them I came across quite a lot of worrying info and user reviews. Have a look at this:
http://www.forexpeacearmy.com/forex-forum/scam-alerts-folder/4069-prime4x-scam-bucketshop.html
For user reviews see this link:
http://www.forexpeacearmy.com/public/review/prime4x.com?page=0
In the end it’s up to you guys what broker you use with ZuluTrade. I don’t want to seem as if I’m telling you what to do, but just make sure you do your homework first. You have seven brokers to choose from, so choose wisely!
Until next time, happy and profitable trading to you all!
Cheers!
Alan