The Forex market is already risky by nature, but choosing the wrong broker makes it even more dangerous. Prime.broker presents itself as a reputable trading platform, yet a deeper dive into their operations reveals alarming signs of fraudulent behavior. Numerous complaints from traders point to Prime.broker as an unregulated and dishonest broker that preys on unsuspecting investors.
No Proof of Licensing or Regulation
Prime.broker claims to hold licenses from reputable financial regulators. However, no evidence supports this assertion. After verifying their registration details, it becomes clear that they are not listed with any recognized financial authority like ASIC, FCA, or CySEC. Operating without proper regulation means traders have no protection if issues arise—a common trait among scam brokers.
Common Complaints from Traders
Here are the most frequent issues reported by users of Prime.broker:
- Withdrawals denied or endlessly delayed.
- Accounts blocked without explanation.
- Customer support becomes unresponsive after deposits.
- Profitable trades mysteriously reversed or canceled.
- False claims of regulation and security.
How They Manipulate Your Trading
Prime.broker has also been accused of using manipulated trading software designed to generate losses. Traders report experiencing slippage, unexplained spreads, and platform freezes, especially during times of potential profit. These manipulations are clear indications that the platform is rigged to drain trader accounts systematically.
Deceptive Sales Tactics You Should Know About
Prime.broker representatives are known for their high-pressure tactics aimed at securing larger deposits from clients. Typical deceptive practices include:
- Cold calls promising guaranteed profits.
- Encouragement to "top up" accounts to unlock special benefits.
- False assurances that the broker is fully regulated.
- Disappearing after large deposits are made.
- Offering fake success stories from "other clients".
Fake Reviews to Cover Up the Truth
Prime.broker attempts to mask its poor reputation with fake positive reviews and testimonials found on suspicious websites. Genuine feedback from real traders often describes negative experiences, loss of funds, and total lack of support from the company.
Conclusion
Prime.broker shows all the classic signs of a Forex scam: no regulation, withdrawal issues, manipulated platforms, and unethical sales tactics. We strongly advise all traders to avoid this broker to protect their funds and personal information.
If you have been defrauded, please contact us at
[email protected]