Primecap Review: Primecap.io a Universal Proven Scam

The forex market has a lot of opportunities to make money. Consequently, investors are always looking for the best company to invest with. Unfortunately, there are too many scams on the market. The number of fraudulent operations is growing each day. One of such companies is Primecap.

This is a company that cannot assure you of your funds’ safety. Moreover, the people behind this company are scammers, only after people’s money. They have nothing good to offer you. Enough people have already lost their money to these people. Avoid Primecap like the plague, or you will lose your money too.

Moreover, this is still a new company in the market. They have less than a year in the forex brokerage space. Nonetheless, they are trying to convince you that they are the best option for your investment.

The developers of this service promise to remain committed to serving their customers. However, this is far from the truth; these people are only in it for the money. They are using every trick possible to try and steal your money.

For your peace of mind, only invest in the top legitimate forex brokers in the market. Such companies have been in the market for a long time and operate with full transparency.

Primecap.io Review

Primecap.io promises traders the best trading platform in the world. For that, they provide a MetaTrader 4 platform. This is one of the most popular trading platforms among seasoned traders. It is very powerful and robust.

However, there is nothing exciting about this. This is because this company cannot help you protect your funds. In fact, they are the ones that will steal your funds. As such, we cannot, in our right minds, recommend investing in this company.

Further, Primecap claims that its clients enjoy full transparency. But, we know that these people are liars. For example, they state on Primecap.io that they founded the company back in 2009. However, this is not true. Whois records reveal the website’s registration date as 21st August of 2020.

Therefore, the founders of Primecap are deliberately lying to attract customers. Otherwise, they would have to tell us where they have been for 11 years. Such claims are only marketing tools, and you should not fall for them.

In terms of customer support, Primecap offers two main channels to reach them. First, you can reach the team via their phone number +43720117236. Secondly, you can reach the company by emailing them at support@primecap.io.

Investment Packages

There are three main account types on Primecap.io. These include the Starter, Premium, and Business accounts. These account types vary depending on the initial deposit you make. The smallest account is the Starter account, and the largest is the business account.

The Starter account requires a minimum deposit of $250. This account allows you to trade up to 100 instruments. Additionally, the account gives clients leverage of between 1:100 to 1:200. However, the spreads are from 0 pips.

The next account is the Premium account. This one accepts a minimum deposit of $5,000. This account allows you to trade over 150 instruments. The leverage on this account is between 1:200 to 1:300. Further, the spreads start from 1.0 pips.

The final account is the Business account. This one requires a minimum deposit of $25,000. The company does not reveal the spreads of this account. They only claim that they offer competitive spreads. On the other hand, this account provides clients with leverage of 1:300. There are no limits to the instruments you can trade on this account type.

Founder and Physical Address

It is imperative to know the people behind a company you are investing in. That will give you an idea of what to expect. Generally, you should never invest in people with shady backgrounds. Moreover, never invest with mysterious people on the Internet. That is a recipe for disaster.

Unsurprisingly, Primecap does not introduce us to any of the team members. There are no names mentioned or pictures on Primecap.io. This is common with fraudulent operations. They do this to ensure the law does not track them down.

Even worse, it is impossible to track these people down. This is because they do not reveal the address of their headquarters. No legitimate company operates with such secrecy. They just don’t want the arm of the law to catch them.

However, we know that they are targeting the United Kingdom and German citizens. This is evident by the languages that primecap.io supports. Stay warned that this company is only trying to steal your funds.

Regulation and Fund Safety

As mentioned, Primecap mostly targets Citizens from the United Kingdom and the EU in general. In such jurisdictions, companies require regulation before they can provide financial services.

Regulatory bodies keep companies in check to ensure they are not running illegal operations. Additionally, regulatory bodies ensure that companies have the right banking set up to protect clients’ funds.

Unsurprisingly, Primecap is operating without regulation. This makes it an illegal operation. Such a company is bad news. Investing with them exposes you to too many risks. You may lose your money to the criminal founders, and you will have no one to turn to. Additionally, you may lose your money when the law shuts them down.

Even worse, the FCA issued a warning against investing in this company. The notice claims that Primecap.io is offering financial services in the UK without authorization. That should tell you everything you need to know about this company.

Moreover, there is no evidence of systems protection on Primecap.io. There is no evidence of an SSL certificate or any other protection measures. This means that hackers can easily access your money or personally identifiable data. There is just too much at risk here. Run while you still can.

Primecap Customer Reviews

One of the best ways to know whether a company is legit is by listening to the customers. Such people have already used the service and know what to expect. Luckily, we have some customer reviews on TrustPilot about this company.

Unsurprisingly, most of the customer reviews are negative. 94% of the reviews are 1-star reviews. This is abysmal. Almost all of the customers are complaining about having lost their money. This is not a coincidence. The common denominator here is Primecap.io. Enough people have already lost their investment. Do not become one of them.

Even worse, a customer claimed that they tried to steal more money from his bank account. Primecap attempted to convince the customer to install a screen sharing software when they asked for a refund.

Final Verdict

It is clear that the people behind Primecap are criminals. They are trying to steal people’s funds and disappear. Under no circumstance should you trust these unknown individuals. They are lying about too many things. They are even lying about their founding date. That is how far this company is willing to go to steal your funds.

Moreover, they have no regulation. They are an illegal operation that does not care about your needs. Save yourself some trouble and only invest in legitimate forex brokers with years of experience in the market. Only such companies can help you protect and grow your investment.

 

 

 

Tags: Primecap Scam Review, Primecap.io Review