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Prime Whale

Operating status: SCAM

Website: https://www.prime-whale.com/

Broker violations and abnormal records
  • Apr 06, 2022 BrokersView has reviewed that Prime Whale is an Unregulated Forex Broker

    Prime Whale claims it is a reliable broker with registration in the St. Vincent and the Grenadines Financial Services Authority (SVG FSA) with registration number: 606 LLC 2020. However, we did not find any match results to the company name and the registration number in SVG FSA. Besides, SVG FSA does neither issue any license for forex trading nor regulate any forex activities. That means Prime Whale has neither registration nor regulation by any regulators. Investors' money in this broker is unsafe and cannot be protected by any law. Therefore, it is a scam.

    Prime Whale claims it is a reliable broker with registration in the St. Vincent and the Grenadines Financial Services Authority (SVG FSA) with registration number: 606 LLC 2020. However, we did not find any match results to the company name and the registration number in SVG FSA. Besides, SVG FSA does neither issue any license for forex trading nor regulate any forex activities. That means Prime Whale has neither registration nor regulation by any regulators. Investors' money in this broker is unsafe and cannot be protected by any law. Therefore, it is a scam.

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Risk Warning:

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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