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Prima trade

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Operating status: SCAM

Website: https://primatrade.ltd/

Broker violations and abnormal records
  • 2023-11-26 The Seychelles FSA issued a warning against Prima trade

    On 22 November 2023, the Seychelles Financial Services Authority (FSA) issued a warning that Prima trade was providing financial services or products without authorisation. You may visit: https://fsaseychelles.sc/media-corner/regulatory-updates/alert-unauthorized-use-of-website-the-unlawful-website-8

    On 22 November 2023, the Seychelles Financial Services Authority (FSA) issued a warning that Prima trade was providing financial services or products without authorisation. You may visit: https://fsaseychelles.sc/media-corner/regulatory-updates/alert-unauthorized-use-of-website-the-unlawful-website-8
  • 2023-11-26 BrokersView has Reviewed that ​Prima trade is an Unregulated Broker

    According to its website, it is regulated by Seychelles Financial Services Authority (FSA), but upon investigation, the Seychelles Financial Services Authority (FSA) issued a warning that Prima trade was providing financial services or products without authorisation. 

    The truth is that Prima trade is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws.

    Prima trade is a scam.

    According to its website, it is regulated by Seychelles Financial Services Authority (FSA), but upon investigation, the Seychelles Financial Services Authority (FSA) issued a warning that Prima trade was providing financial services or products without authorisation. The truth is that Prima trade is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws.Prima trade is a scam.

Related Complaints

Q&A

I wanna know about Prima trade's regulation plz.

Ocean Uchenna
Austria
2023-12-05
ANSWER Prima Trade appears to be a fraudulent entity due to misleading information about its regulatory status.Prima Trade claims to be regulated by the Seychelles Financial Services Authority (Seychelles FSA). However, this assertion has been refuted by the Seychelles' financial regulator itself. In fact, the Seychelles FSA has issued a warning against Prima Trade, highlighting the risks associated with this unlicensed trading platform.Given these findings, it is reasonable to conclude that Prima Trade is a deceptive platform. Investors are advised to avoid it in order to protect themselves from potential fraud and identity theft. It is always recommended to opt for fully regulated brokers.
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FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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