Climax Prime: reviews on payouts, broker rating
Review of Climax Prime: Can Scammers Be Trusted?
The company Climax Prime offers everyone an opportunity to earn on international markets, promising to provide the necessary tools for this. Let’s conduct a detailed analysis of this firm to understand how reliable it can be considered as a broker.
Contacts and Registration of Climax Prime
Established in June 2021, Climax Prime LLC is based in Saint Vincent and the Grenadines. The choice of an offshore zone for registration is motivated by convenience and confidentiality. Unfortunately, the actual owners have chosen to remain anonymous, hiding their contact details. Information about them is only available through agencies.
Interaction with clients is carried out through chatbots and messengers, while the provided phones belong to an English telecommunication operator and do not answer.
On social networks, the company has several accounts that appear abandoned and inactive.
Licensing and Authorization of Climax Prime
The broker does not have permission from the local regulator, as the choice of an offshore zone allows bypassing the need for a license. This poses a risk to investors. It is also worth noting that Climax Prime has been blacklisted by the Central Bank of the Russian Federation for unauthorized actions.
Most platforms from the blacklist are subject to blocking by Roskomnadzor, putting the funds and personal data of clients at risk. Operational issues and poor service quality make cooperation with this company undesirable.
Trading Conditions in Climax Prime
On the Climax Prime platform, trading with various assets is possible. The types of accounts offered and their parameters are:
- Cent with a minimum deposit of $10, spreads from 1.2 points, and a credit leverage of 1:500;
- Standard with a deposit starting from $100, credit leverage of 1:300, and a range of indices;
- ECN with a deposit starting from $400, minimal spreads of 0.4 points, and a $5 commission per lot;
- Prime with a deposit from $1000, low spreads of 0.3 points, $3 commission per lot, and a credit leverage of 1:500.
The conditions at Climax Prime are unsatisfactory, even for those willing to invest significant amounts. Bonuses and referral programs make the company’s offer somewhat more appealing, but this does not compensate for the risks.
Reviews of Climax Prime
Most reviews from Climax Prime clients consist of complaints from CIS countries. The negative experience of working with this broker is actively discussed online.
Scams of Climax Prime: How Not to Become a Victim of Scammers
Climax Prime is not a real broker, as it does not redirect transactions to real markets. Users are provided with only a virtual trading terminal where funds are simulated, and scammers can manage them as they see fit. Numerous fraudulent methods, from account blocking without explanation to extortion of money under various pretexts, are used to deceive Climax Prime clients.
Phone calls from Climax Prime representatives are filled with psychological pressure and persistence. When clients realize they have been deceived, their funds are already abroad, making their recovery a difficult, if not impossible, task.
Results of Checking Climax Prime: Level of Trust
The facade of the online broker Climax Prime deceives many investors with promises of quick profits and generous rewards. Unfortunately, it is an unlicensed fraudulent project that does not guarantee fund withdrawals. Do not collaborate with Climax Prime for your own safety.