Offshore broker newcomer Prime Capitals: scam scheme, reviews
Offshore Broker-Newcomer Prime Capitals: History and Failures
New player in the financial market, Prime Capitals, turns out to be a product of the reincarnation of the former scam SBMmarkets, which few had heard of until recently. The similarity of projects is evident not only in the terms of cooperation and the appearance of the websites, but also in the use of the same client deception schemes. Aggressive advertising and depriving clients of deposits are the main characteristics of “Prime Capitals” operations. More details about the detrimental impact of prime-capitals.com will be discussed below.
Main Details about CFD Broker Prime Capitals
A broker making claims of honesty and reliability in its work actually has no relation to trading. Starting from false information about the market tenure and ending with illegitimate cooperation terms, scammers from Prime Capitals build their activities on lies and deceit. Promoting contracts for difference as an earning tool, they take advantage of the high risk of this method for their machinations.
License and Regulation: Company’s Questionable Documents
The lack of a license for brokerage activities makes Prime Capitals’ operations illegal. The website mentions a presence in London, however, there is no office in the UK, and the broker’s actual headquarters are in the offshore zone of Saint Vincent and the Grenadines. Contact details such as address and phone number turn out to be fake, creating an illusion of legality and trust.
Registration Process on prime-capitals.com
The simplicity of registration on the Prime Capitals website is another tool for scammers to attract clients. From filling out an electronic form to identity verification, all steps are designed for maximum client convenience. But behind this appearance of seriousness lies manipulation and further deprivation of clients of their funds.
Cooperation Terms with CFD Broker Prime Capitals
Prime Capitals offers various types of trading accounts with minimal starting amounts and promises of high returns. However, as reviews show, clients encounter dishonest practices and the inability to withdraw earned funds. Under the guise of support and consultations, brokers simply bankrupt their clients.
Reviews about CFD Broker Prime Capitals
Stories of losses and deception from Prime Capitals clients only emphasize the negative experience of working with this broker. The inability to withdraw money, deposit drains, and dishonest practices make Prime Capitals an unacceptable choice for traders.
Conclusion: Is it Worth Trusting Prime Capitals?
Prime Capitals is an offshore broker that operates on deceit and manipulations. We recommend avoiding registration on the website and not paying attention to the broker’s enticing promises, which only hide its true intentions – to deceive and deprive you of your funds.
I am extremely dissatisfied with Prime Capitals; as a newcomer in offshore brokering, their work seems like nothing more than a scam scheme considering the numerous negative reviews.