PrimeTrade247 Review : Fees, Pros and Cons, Reviews by Real Traders

PrimeTrade247

Operating status: SCAM

Website: https://primetrade247.com/

Broker violations and abnormal records

Feb 06, 2022 The CNMV Remarks PrimeTrade247 as an Unregistered Firm
On 7 February 2022, the Spanish regulator CNMV released a notification that PrimeTrade247 has not been authorized to carry out investment services and activities in Spain as a result of the suspension of the authorization. Therefore, PrimeTrade247 is an unregulated forex broker. You may visit: http://cnmv.es/Portal/verDoc.axd?t={e6851b64-3c48-474b-b713-06b5aa751d06}

On 7 February 2022, the Spanish regulator CNMV released a notification that PrimeTrade247 has not been authorized to carry out investment services and activities in Spain as a result of the suspension of the authorization. Therefore, PrimeTrade247 is an unregulated forex broker. You may visit: http://cnmv.es/Portal/verDoc.axd?t={e6851b64-3c48-474b-b713-06b5aa751d06}
Feb 20, 2022 BrokersView has reviewed that PrimeTrade247 is an Unregulated Forex Broker
PrimeTrade247 claims it has 6 years of impeccable service. However, when we check on the Internet, we found it was newly established in April 2021. So how comes with 6-years experience? It is a red flag here.
What's more, As we check out on its official website, we found PrimeTrade247 has no regulation license. From its “Contact Us”, we know the broker sets its headquarter in USA. If you are a forex trader, you must know the two basic essential things about trading with USA reliable broker:1) to operate in the USA a broker needs to have a license; 2) the regulatory bodies that oversee the US markets are the NFA and the CFTC, they are among the strictest regulators out there, demanding brokers have over $20 million to their name before they are even issued a license. However, no license information can be found on the firm’s website and CFTC&NFA Registry. Thus, there is the highest possible level of caution for you when dealing with PrimeTrade247.
Besides, on 7 February 2022, the Spanish regulator CNMV released a notification that PrimeTrade247 has not been authorized to carry out investment services and activities in Spain as a result of the suspension of the authorization. Therefore, PrimeTrade247 is an unregulated forex broker. We can conclude that PrimeTrade247 is a scam.

PrimeTrade247 claims it has 6 years of impeccable service. However, when we check on the Internet, we found it was newly established in April 2021. So how comes with 6-years experience? It is a red flag here. What's more, As we check out on its official website, we found PrimeTrade247 has no regulation license. From its “Contact Us”, we know the broker sets its headquarter in USA. If you are a forex trader, you must know the two basic essential things about trading with USA reliable broker:1) to operate in the USA a broker needs to have a license; 2) the regulatory bodies that oversee the US markets are the NFA and the CFTC, they are among the strictest regulators out there, demanding brokers have over $20 million to their name before they are even issued a license. However, no license information can be found on the firm’s website and CFTC&NFA Registry. Thus, there is the highest possible level of caution for you when dealing with PrimeTrade247.Besides, on 7 February 2022, the Spanish regulator CNMV released a notification that PrimeTrade247 has not been authorized to carry out investment services and activities in Spain as a result of the suspension of the authorization. Therefore, PrimeTrade247 is an unregulated forex broker. We can conclude that PrimeTrade247 is a scam.
Nov 02, 2025 BrokersView has identified that PrimeTrade247's website is currently offline
BrokersView found that the domain "https://primetrade247.com/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.

BrokersView found that the domain "https://primetrade247.com/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.

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