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Prime Codex Review
Prime Codex is a small offshore forex broker from Saint Vincent that runs MetaTrader 5. One of its two claimed licenses comes from a Comoros body regulators call fake.
Min Deposit
$10
Spreads From
0.0 pips on the ECN account, plus a $7 per lot commission
Max Leverage
1:500 for forex and metals, 1:10 for US stocks
Platforms
MetaTrader 5
Pros
- Runs on real MetaTrader 5 apps for desktop, web, and mobile phones.
- Standard and US Stock accounts need only a 10 dollar minimum deposit.
- Crypto deposits in USDT come with no extra fee from the broker.
- Offers a free demo account so beginners can practice risk free.
- ECN account spreads start from 0.0 pips for active traders.
Cons
- Its Comoros MISA license comes from a body the Comoros central bank calls fake.
- Holds no license from a major regulator like the FCA, ASIC, or CySEC.
- Independent checker WikiFX scores it zero out of ten for regulation.
- ECN account traders pay 7 dollars per lot on top of the raw spread.
- Independent reviews report common withdrawal delays and complaints.
Prime Codex is a small forex broker that started in 2021. Prime Codex LLC is registered in Saint Vincent and the Grenadines, with an office in Kingstown and a representative office in Dubai. Saint Vincent does not regulate forex trading, so this home registration gives traders no real safety net.
The broker only runs MetaTrader 5 on desktop, web, and phone. Accounts include Standard, ECN with spreads from 0.0 pips plus a 7 dollar per lot fee, and US Stock. Minimum deposit is 10 dollars for Standard and US Stock, and 100 dollars for ECN. Leverage reaches 1:500 for forex, far above UK or EU limits.
Prime Codex claims licenses from the Mauritius FSC and from Comoros MISA. The Comoros body is not real. Comoros central bank has publicly called it a fake structure with no legal power. Independent checker WikiFX scores Prime Codex zero out of ten for regulation. Treat any deposit here as money you could lose.
Min. Deposit
USD 10
Max Leverage
1:500 for forex and metals, 1:10 for US stocks
Spreads From
0.0 pips on the ECN account, plus a $7 per lot commission
Platforms
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
