PrimeU: customer reviews about the company’s performance in 2022
PrimeU: customer reviews about the company’s work in 2022
PrimeU describes itself as a respected broker with a global presence that can be relied upon. Despite claims of collaboration with traders from different countries, the company has a negative reputation. We have decided to investigate whether these accusations are fair. In our objective review, we will tell you whether PrimeU truly interacts honestly with traders.
What information is available about PrimeU?
PrimeU does not disclose the duration of its activity in the financial markets, although its website has been around for quite some time. The domain primeu.com was registered in 2006, but this does not mean that the company has been operating for that long. The internet archive contains the entire history of the platform starting from 2007. Subsequently, the domain was on sale for a long time, and only in June 2022 did the creators of PrimeU acquire it. Immediately, commissioned reviews and reviews praising the broker began. This is a clear artificial increase in rating.
It should be noted that we are dealing with a newcomer who is trying to gain the trust of traders. Claims of collaboration with a million users and a total capital volume of 21 billion dollars are purely a marketing move.
Among the provided contact information, there is only an email address, which turned out to be invalid upon verification. Communication through it is useless. Scammers use this channel of communication to distract attention.
Verification of legal information about PrimeU
PrimeU does not provide a scan copy of the registration certificate and license for its brokerage activities. The legal address is also not specified, although the User Agreement states that the company operates in accordance with Estonian legislation.
We have checked this information and found that the company is not listed in the registry of the local regulator. PrimeU deceives regarding its legality.
In the CIS countries, the chances of obtaining permission for PrimeU are practically nonexistent. The Central Bank of Russia has already blacklisted it and listed all controlled domains – primeu.com, client.primeu.com. Scammers do not deserve the trust of investors, as confirmed by real customer reviews.
Trading information
PrimeU promises access to trading with over 15,000 assets using the Webtrader web trading platform. Despite the company’s employees’ praise for the platform, former clients complain of constant issues and deliberate deposit draining. The company does not provide a demo account for risk-free training; it requires account funding immediately after registration. There are several tariff plans:
- Simple – from 250 USD,
- Smart start – from 750 USD,
- Complete package – from 2,500 USD,
- Gold – from 5,000 USD,
- Platinum – from 15,000 USD.
Novices are attracted by generous bonuses ranging from 20 to 50% of the deposit, high leverage up to 500:1, no fees or commissions. Premium clients are offered a VIP account with individual cooperation conditions.
Reviews about the broker PrimeU
Despite PrimeU’s relatively recent appearance, it has received many negative reviews. Real clients complain about falling into a financial trap and losing funds. Some users have left significant amounts on the platform. In reviews, investors try to warn others about the risks and discourage cooperation with a suspicious company.
Scam methods on the platform
PrimeU employs various methods to deceive newcomers. Users indicate that they have lost funds due to:
- the use of excessive leverage controlled by scammers, making earning on this platform impossible; at key moments, spreads either widen, or technical failures occur,
- following the advice of company employees who deliberately give false recommendations,
- using bonuses with strict wagering conditions, resulting in traders sinking deeper into debt.
By the time the user realizes they have become victims of scammers, they risk losing their entire investment. After that, all that remains is to leave negative reviews and hope for legal assistance.
Final word
PrimeU actively promotes its advertising and offers its services. Scammers reach out to potential victims from fake accounts and pretend to be clients of this brokerage company. They are convincing (using screenshots with high amounts, stories of dreams coming true), but all of this is an illusion for one viewer. The scammers’ goal is to persuade the user to invest, even minimal amounts. Gradually, they will extract more and more money until the victim’s wallet is empty. Do not become the next victim in the hands of these brazen scammers!