The Primis Elite review leaves little room for ambiguity about its appearance. The broker’s presentation is undeniably mediocre, leaving us with two possible scenarios. Either Primis Elite could have been a legitimate but unremarkably ordinary platform, or it could have pursued a shady path while retaining its unimpressive facade. Unfortunately, the latter seems to be the case, making Primis Elite even less appealing to potential users.
Website – http://www.primiselite.com/
Website Availability – No
Address – NA
Warning – Autorité des Marchés Financiers (Canada)
Regulated – Unregulated, Blacklisted, Scam
Domain Age –
|Date Registered||September 06, 2022|
|Domain Age||10 months, 18 days, 12 hours, 58 minutes, 12 seconds|
Primis Elite Review: Regulation
Although Primis Elite website may appear attractive and use persuasive language, the platform lacks transparency in crucial areas. Notably, the absence of a physical address raises doubts regarding the company’s regulatory standing and oversight by official authorities. The contact information on the website indicates that this dubious crypto broker may be registered in either Denmark or Australia.
However, it is disconcerting to discover that both phone numbers provided are precisely identical, further adding to the suspicions surrounding Primis Elite. Caution is advised when dealing with such a lack of transparency and potential red flags.
Moreover, in its Anti-Money Laundering (AML) policy document, Primis Elite asserts its commitment to following the guidelines established by the UK’s Joint Money Laundering Steering Group. However, this contradictory information gives rise to doubts regarding the company’s actual location and regulatory adherence.
Is it safe to invest with Primis Elite broker?
To verify the legitimacy of Primis Elite, we conducted a thorough search of official records within the Financial Conduct Authority (FCA) in the UK.
As expected, no mention or record of the company was found, which aligns with its enigmatic and anonymous nature. This lack of presence in reputable regulatory databases raises further concerns about the credibility of Primis Elite as a trustworthy financial entity. Caution is warranted when dealing with such ambiguous and potentially unregulated platforms.
Primis Elite Review: Trading Software
The broker promotes a platform, but unfortunately, no links to access the said platform are provided, leaving users with scant information. From our evaluation, it appears that Primis Elite lacks a functional trading terminal.
Using a broker without trading software is inexplicable as it disrupts the entire trading experience. A reliable and efficient trading terminal is essential for traders to execute their strategies and make informed decisions. Without access to a trading platform, users are deprived of the necessary tools to navigate the financial markets effectively, making Primis Elite an impractical choice for those seeking a seamless trading experience.
Primis Elite Review: Trading Conditions
Primis Elite provides a platform for cryptocurrency trading, encompassing popular cryptocurrencies such as BTC, ETH, LTC, XPT, and more, alongside forex trading options.
Traders are presented with a choice of four account types: Standard, Gold, Business, and VIP. Regrettably, the broker does not openly disclose its minimum deposit requirements, leaving potential users in the dark about this essential detail. Furthermore, the offered spread remains undisclosed, prompting us to conduct further research. Our investigation revealed a spread of 2 pips on EUR/USD.
In addition to its offerings, Primis Elite extends generous leverage options to traders. VIP account holders can access leverage up to 1:400, while Standard account holders can access up to 1:200 leverage. These leverage levels may seem appealing to some traders seeking amplified trading opportunities, but it’s essential to exercise caution and fully understand the risks associated with high leverage trading.
Primis Elite Review: Conclusion
In the upcoming weeks, it is highly probable that this broker will take down its website and vanish. Regulators have already sounded the alarm, and the internet is inundated with negative reviews. With such intense scrutiny and widespread awareness of their fraudulent activities, it is unlikely that they will find a favourable environment to continue their deceitful practices.
If you find yourself a victim of the Primis Elite scam or any other fraudulent activity, know that there is a way to take action and seek resolution. You can visit our Scam Bitcoin website, where we offer the opportunity to file a complaint against the scam broker through a simple complaint form. Upon submitting the form, you will qualify for a free consultation with our team of experts. They will provide guidance and support throughout the fund recovery process, helping you to regain control of your funds from the scam.
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