Rules of Safe Trading on Financial Markets
Successful investments require a reliable intermediary. However, behind the representation of honest companies, scammers may be hiding. PrimoTrade is one of such firms. This company prefers the European audience, which explains its low popularity among Russian traders. In the future, the situation may change, and it is worth analyzing this enterprise.
Facts about PrimoTrade’s Activities
The official website of PrimoTrade is available in English and German, but does not offer a Russian version. The company positions itself as one of the fastest-growing in the industry, offering over 250 trading instruments. However, their claims do not always correspond to reality, so caution is advised.
An analysis of the whois data revealed that PrimoTrade started its activities relatively recently, contradicting claims of years of experience. Critical views on this company are supported by information from scamadviser.com regarding a low level of trust in the resource.
A closer examination of the group of companies Malarkey Consulting LTD, to which PrimoTrade belongs, also does not inspire confidence. It has been the subject of negative reviews and is under close scrutiny by several regulators due to questionable practices.
PrimoTrade’s Offered Trading Accounts
Attractive conditions by PrimoTrade include: one-click trading, a wide selection of assets, high leverage up to 400x, real-time notifications, and round-the-clock support. However, these promises often turn out to be false, and unfortunate traders fall into the trap of scammers.
PrimoTrade does not provide demo accounts and directs clients straight to depositing funds. Investment amounts can be significant, with minimum losses amounting to $1,000.
Among the offered accounts are: Basic, Silver, Gold, Platinum, and VIP with various bonuses and conditions depending on the initial deposit.
Real Client Reviews Overview
There are few reviews about PrimoTrade at the moment, but they are mostly negative. Clients complain about the company’s shortcomings and issues.
Previous projects by PrimoTrade have received numerous negative reviews, indicating client dissatisfaction.
PrimoTrade’s Fraud Scheme
PrimoTrade’s fraud scheme involves attracting clients through social networks and forums, promising quick profits and assistance in trading. After investing money, clients realize they have become victims of fraudsters.
Unfortunately, PrimoTrade is a dishonest company that should be avoided. By seeking the opinions of other traders, one can avoid losses and unpleasant situations.
