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PrimeOptsTrade

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Operating status: SCAM

Website: https://www.primeoptstrade.com/

Broker violations and abnormal records
  • 2023-07-31 The MFSA issues a warning against PrimeOptsTrade

    On August 1, 2023, the Malta Financial Services Authority (MFSA) issued a warning against PrimeOptsTrade, stating this broker is neither a Maltese registered company nor licensed or otherwise authorised by the MFSA to provide any investment services or other financial services which are required to be licensed or otherwise authorised under Maltese law. https://www.mfsa.mt/news-item/mfsa-warning-primeoptstrade-ltd-unlicensed-entity/

    On August 1, 2023, the Malta Financial Services Authority (MFSA) issued a warning against PrimeOptsTrade, stating this broker is neither a Maltese registered company nor licensed or otherwise authorised by the MFSA to provide any investment services or other financial services which are required to be licensed or otherwise authorised under Maltese law. https://www.mfsa.mt/news-item/mfsa-warning-primeoptstrade-ltd-unlicensed-entity/
  • 2023-08-03 BrokersView has reviewed that PrimeOptsTrade is an unregulated broker

    PrimeOptsTrade claims to be regulated by the US Financial Services Authority (UFSA). However, the UFSA is a fake financial regulator. PrimeOptsTrade, as a forex broker, is required to be regulated by Commodity Futures Trading Commission (CFTC) and National Futures Association (NFA) and be an NFA member first. However, our search for this company in the NFA register didn't yield any results, suggesting that it is not regulated.

    Additionally, the Malta Financial Services Authority (MFSA) has issued a warning against PrimeOptsTrade, stating this broker is neither a Maltese registered company nor licensed or otherwise authorised by the MFSA to provide any investment services or other financial services which are required to be licensed or otherwise authorised under Maltese law.

    In essence, PrimeOptsTrade is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

    PrimeOptsTrade claims to be regulated by the US Financial Services Authority (UFSA). However, the UFSA is a fake financial regulator. PrimeOptsTrade, as a forex broker, is required to be regulated by Commodity Futures Trading Commission (CFTC) and National Futures Association (NFA) and be an NFA member first. However, our search for this company in the NFA register didn't yield any results, suggesting that it is not regulated.Additionally, the Malta Financial Services Authority (MFSA) has issued a warning against PrimeOptsTrade, stating this broker is neither a Maltese registered company nor licensed or otherwise authorised by the MFSA to provide any investment services or other financial services which are required to be licensed or otherwise authorised under Maltese law.In essence, PrimeOptsTrade is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

Related Complaints

Q&A

Should I pay tax to PrimeOptsTrade?

Khanyisani Magudulela
Colombia
2023-08-24
ANSWER No, you should not pay taxes to PrimeOptsTrade. BrokersView has confirmed that PrimeOptsTrade is scam. The so-called tax payment is a common trick used by scammers.In an attempt to convince unsuspecting investors that they are legal, PrimeOptsTrade claims to be regulated by the US Financial Services Authority (UFSA). However, the UFSA is a fake financial regulator. PrimeOptsTrade, as a forex broker allegedly domiciled in the US, is required to be registered with the National Futures Association (NFA). But our search for this company in the NFA register didn't yield any results, suggesting that it is not regulated.Additionally, the Malta Financial Services Authority (MFSA) has issued a warning against PrimeOptsTrade, stating this broker is neither a Maltese registered company nor licensed or otherwise authorised by the MFSA to provide any investment services or other financial services which are required to be licensed or otherwise authorised under Maltese law.Therefore, PrimeOptsTrade is a scam. Investors dealing with the platform are not protected by rules from fraud or identity theft. As such, it is advisable to steer clear of unlicensed brokers like PrimeOptsTrade and choose a fully regulated one.
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