Do you want to trade on primechainmarkets.com? Here is what you must know about this broker. See reviews to find all about it.
This post promises to share helpful review to support users/traders in making the right decision.
What is Prime Chain Markets?
Prime Chain Markets is an offshore brokerage company with a lot of promises for traders. The broker shows its contact address– United Kingdom.
What is more, the broker offers different account packages like Mini, Silver, Gold and Platinum. Added, it trades on the following instruments like forex, stocks, commodities, crypto, bonds and indices.
To clarify, traders must know they are dealing with an unknown broker which does not have a regulation over its head.
Withdrawal and Deposit
Under withdrawal policy, Prime Chain Markets leaves us with no specific information on withdrawal fee nor processing days on withdrawal. Truly, this broker is not legit and its fraudulent schemes are clear.
Prime Chain Markets Minimum Deposit:
Prime Chain Markets minimum deposit is stated $650.
As for the payment methods, the broker mentions different options. Truly, you should not consider making any payment with this broker because it is a risk. So beware!
Prime Chain Markets Platform:
Prime Chain Markets offers web based trading platform and not MT4 or MT5 (Industry standard trading platforms) which gives us more reason not to take this broker serious.
As for the leverage, nothing is mentioned. Truly, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
Why primechainmarkets.com Broker Is Suspicious
First of, primechainmarkets com has no financial authority overseeing its financial services despite claim of being located in the UK. We discover the broker is not authorized by Financial Conduct Authority (FCA) UK. See below-
Another red flag we noticed in this broker is that there is no demo account for traders. If traders can’t test the broker on a free account, how then can we know its viability in the forex market.
More so, this broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.
These are drawbacks for forex traders to avoid losing money with this scam broker. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.
Prime Chain Markets Licensing and Regulation
It is not far from believing that this broker is not a licensed brokerage firm. It is not under any financial regulation which means wiring your money for trading is risky. Its unlicensed and unregulated activities are truly a red flag and must be avoided.
COMPARE WITH A TRUSTED BROKER
Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website
Here, Primechainmarkets’ claims to be a genuine trading broker is not legit. From indications, we would advise traders to steer clear from this broker as it likely a platform run by scammers. Thus, we urge our readers to rely on regulated brokers like this or any licensed entity.
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Last Updated on December 6, 2022 by admin