Table of Content
Primeinv Review – Don’t Let Primeinv.Co Scam You
Table of Content
Primeinv’s website looks jarringly bad and uninviting. The offer made by this broker is in no way for the benefit of its users. First, it is an unregulated broker without a license, which means that Primeinv is illegally entering the market with its financial offer.
Second, the broker does not share on the website all the information that clients need whether they want to invest with this broker or not. Also, there are high fees and a bonus policy that aims to trap withdrawals.
|Minimum Deposit||250 $|
|Broker Type||Forex, Stock|
Because of all this, we cannot recommend the Primeinv brokerage house at all. If you think that you should still invest with them, carefully read the Primeinv review to the end and familiarize yourself with the risk that investing with fraudulent brokers entails.
Is Primeinv Broker a Scam or Legit?
Primeinv is an unlicensed broker. After searching the entire site, we did not find any information on where the broker said it was licensed or by whom it was licensed. The only information we found in the legal documents is that the broker says it refers to Estonian law, which doesn’t make any sense.
Since there is no evidence that the broker is regulated in Estonia, there is no reason to follow that law. If the broker was based in Estonia, they would have to be licensed by the Estonian regulatory body, the FI. We checked and of course, there is no mention of Primeinv.
All of this can be very dangerous for users because when there is no regulatory body that issues a license, the user will have no one to complain to if he is defrauded. The license serves to hold the broker accountable if something outside of the legal framework happens, and thus investors are protected.
Since this is a fraudulent broker, they will do everything to scam people while avoiding any accountability. In addition to the risk of losing money, such brokers also carry other risks, such as the theft of personal data left by users. That is why the best option is not to deal with Primeinv broker.
What Options Do Traders Have for Online Platforms?
As we expected. At Primeinv, too, we encountered a trading platform embedded in the web offered by many other fraudulent brokers. Trading on this platform would be a complete waste of time as there are no additional tools to add to the trading experience.
Such a platform cannot possibly be measured against the leading industry standards such as the Meta Trader 4 or Meta Trader 5 platforms. However, such platforms are rarely found with scam brokers, and even when they are, they are simply another step in their scam process.
Does Primeinv Offer Different Types of Accounts?
Primeinv offers 5 account types. The higher the price of the order, the smaller the spread, at the same time the margin increases, so the broker tries to manipulate users to immediately invest more money, because supposedly they will earn more. As for accounts, there are:
- Standard account – $250
- Premium account – $2,500
- Business account – $25,000
- Gold account – $250,000
- Platinum account – $500,000
It is important to note, that the only thing you choose when you choose between different accounts offered by bogus brokerages such as this one, is how much money they will steal from you. All of these accounts are another part of the scam.
Market Instruments Traded by Primeinv
When it comes to trading instruments, Primeinv offers trading with:
Most of these financial swindlers don’t really allow you to trade with any of these instruments. Instead, the money that you deposit goes straight into their pockets. The scammer might feed you false information, however, to keep you investing while believing that you are actually trading.
Deposit and Withdrawal Options
The minimum deposit with Primeinv is $250, and the preferred depositing method this broker offers is through a BTC wallet. It is widely known how risky it is to invest through e-wallets because transactions are almost impossible to reverse and trace.
As we mentioned above, Primeinv charges huge fees. These are the withdrawal fee which is $50 when withdrawing via wire transfer, then $35 for credit cards, and $25 for e-wallets.
Also, the broker charges a fee of 10 percent when the user withdraws funds without a 200k trading turnover of all their deposited funds. The minimum withdrawal for bank transfers is $250, while for other methods the minimum is $100. Also, the deposit and withdrawal methods must be the same.
How Can I Get My Money Back If Primeinv Scams Me?
If you are scammed by the Primeinv broker, you might have a hard time getting your money back. If you have invested through your e-wallet, your best bet would be to contact your e-wallet customer support and follow their instructions.
Since the broker is unlicensed, you have no one to complain to. That’s why fraudsters prefer this method, since reversing crypto transactions is notoriously difficult. If you have invested through other means, such as wire transfer, or credit or debit card, you should contact your bank and ask them for assistance
After all the research we have done, it is obvious that Primeinv is a scam broker, operating completely anonymously. It’s only a matter of time before the scam company disappears or goes into hiding before appearing under a new name.
Until then, we hope that we have warned you in time and that you are not one of the victims of this company. If so, don’t be shy about reporting Primeinv to your local regulatory body. We certainly do not recommend Primeinv brokers and we advise you to always opt for regulated brokers so that you do not needlessly worry about your investment and your personal data.
FAQs About Primeinv Broker
What Is The Minimum Deposit For Primeinv?
The minimum deposit with Primeinv is $250.
How Long Do Primeinv Withdrawals Take?
If you invested money with Pirmeinv broker, you probably won't get it back.
Is Primeinv a Trustworthy Broker?
Primeinv is a scam broker as we have clearly pointed out in our review.