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Primotrade

Operating status: SCAM

Website: https://primotrade.co

Broker violations and abnormal records
  • Feb 16, 2021 The UK regulator FCA added Primotrade into its blacklist
    The UK’s Financial Conduct Authority (FCA) added PrimoTrade to its alert list, warning that this firm may be providing financial services or products in the UK without our authorisation: https://www.fca.org.uk/news/warnings/primotrade.
    The UK’s Financial Conduct Authority (FCA) added PrimoTrade to its alert list, warning that this firm may be providing financial services or products in the UK without our authorisation: https://www.fca.org.uk/news/warnings/primotrade.
  • Aug 31, 2021 BrokersView has reviewed that Primotrade is an unregulated forex broker
    Primotrade claims to be owned and operated by Malarkey Consulting LTD, a company registered in Dominica. However, Dominica is an offshore zone which does not require minimum capital requirements that shows company sustainability, as well as does not regulate Forex services and activities. Therefore, the brokers located in Dominica are not subject to strict laws and principles of operation. That means investors’ funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is a scam broker.
    Primotrade claims to be owned and operated by Malarkey Consulting LTD, a company registered in Dominica. However, Dominica is an offshore zone which does not require minimum capital requirements that shows company sustainability, as well as does not regulate Forex services and activities. Therefore, the brokers located in Dominica are not subject to strict laws and principles of operation. That means investors’ funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is a scam broker.
  • Jul 07, 2022 BrokersView has Found that Primotrade is not Working

    On 8 Jul 2022, BrokersView found the domain https://primotrade.co is not working, as most probably it was suspended and it is always a bad sign that broker's website is suspended.


    On 8 Jul 2022, BrokersView found the domain https://primotrade.co is not working, as most probably it was suspended and it is always a bad sign that broker's website is suspended.

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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.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.