Prime 4x has missed too many deadlines, broken too many promises and failed to pay too many traders. The FPA has no choice but to declare Prime4x to be a scam. They have been promising that issues would be fixed "soon" since the summer of 2010.
Prime4x is now blacklisted by the Forex Peace Army. We warn traders to not open accounts there. If you have an account with Prime 4x, we recommend that you try to withdraw all of your funds immediately.
Prime4x is refusing to communicate with the FPA over client issues. We are becoming convinced that Prime4x has no intention of paying the money owed to most who have complained.
We are told that as of December 2010, Prime 4X hired additional staff to resolve longering withdrawal issues. Despite this, the number of complaints has been increasing and the number of confirmed payments still remains unacceptably small. Several of those who have gotten one long-delayed withdrawal now complaint that they can't get a second withdrawal processed.
Currently, Prime4x can not use Liberty Reserve. Bank wire seems to be the preferred method. Non-Iranian clients can also use MoneyBookers.
We invite anyone who is still having a withdrawal issue to post a review here with their account number. Anyone who's issue has been resolved is encouraged to leave a followup review.
