Summary:
Prime Markets appears to be a genuine forex broker, stating that it is regulated by the European Markets Authority (EMA). Nevertheless, leading financial regulators such as the FCA (UK) and CONSOB (Italy) have officially warned that Prime Markets is an unlicensed and fake broker. Their website, primemarkets.com, has been reported for fraud, with a Trustpilot rating of only 2.0 and many user complaints. This article will walk you through all the red flags and why you should stay away from Prime Markets. (Primemarkets.com warning issued by global regulators.)
Prime Markets Review – Is Investing in Primemarkets.com Safe?
Prime Markets could sound like a genuine investment site, and perhaps you have noticed advertisements via email, social media, and web forums. But are they safe? Let us take a closer look.
Prime Markets is not a reliable broker. Several regulatory agencies have verified that this firm is providing financial services illegally. We would never suggest trading with unlicensed brokers. Always select brokers regulated by high-tier authorities such as the FCA, ASIC, or ESMA to safeguard your funds.
Websites: https://primemarkets.com/; https://primemarkets.co.com/
Address: 43 Greatport Land Street, London, UNITED KINGDOM, W1 W7LA
Prime Markets Review: Key Regulatory Warnings
1. FCA Official Warning (UK)
The Financial Conduct Authority (FCA) issued an alert on May 25, 2023, warning the public not to deal with Prime Markets. The broker had been discovered providing financial services in the UK without authorization.
2. CONSOB Blackout Order (Italy)
On March 30, 2023, Prime Markets was blacked out by the Italian Companies and Exchange Commission (CONSOB) for providing unauthorized financial services. CONSOB issued another warning on May 29, 2023, against a second Prime Markets website.
3. Fake EMA Regulation
Prime Markets claims regulation by the European Markets Authority (EMA) with a registration number of 00BB17C. Investigations confirmed that EMA is a fake organization, taking on the identity of the authentic European Securities and Markets Authority (ESMA).
Why Prime Markets is a Scam: Major Red Flags
- No valid regulatory license (FCA, CONSOB & Washington State warnings issued)
- Fake claims of EMA regulation
- Website outages (primemarkets.com & primemarkets.co.com)
- Trustpilot score of 2.0 (Poor rating)
- Trustscore 1/100 on ScamAdviser
- Numerous negative reviews on reviews.io
User Experiences: Primemarkets.com Review, Trustpilot & Other Platforms
Victims have shared their negative experiences across various review platforms:
- Accounts are being frozen post-deposits.
- Fake promises of high returns.
- Withdrawal demands are denied or delayed.
- Insistent methods to pressure additional deposits.
- Poor support and customer care.
For genuine user feedback, search Primemarkets.com review and Primemarkets com review Trustpilot.
FAQs About Prime Markets
Is Prime Markets regulated by the FCA or CONSOB?
No. Both FCA and CONSOB have publicly warned against Prime Markets.
Can I trust Prime Markets for Forex trading?
No. Prime Markets is a high-risk scam broker with no valid license.
Are there genuine reviews of Prime Markets?
Yes. Check Primemarkets.com review on Trustpilot, Reddit, and other review sites for real user feedback.
How can I recover money lost to Prime Markets?
You should seek professional recovery services and report the fraud immediately.
How to Recover Lost Funds from Prime Markets Scam
Act immediately if Prime Markets has caused you to lose money. For professional assistance in getting your funds back, visit Scams Report. Scams Report specializes in helping victims of scams recover their lost investments by offering legal advice and investigative assistance. Report the fraud and begin your recovery right away to prevent scammers from winning.
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Disclaimer: This review is based on online reports and customer complaints. Always research carefully before investing with any broker.
