FinancePrime (Financeprime.com) is another crude CFDs, Cryptocurrency, and Forex platform to hit the trading world. Finance Prime is professing to be the most profitable Investment platform in the field. With insane profit margins, users have signed up without taking a second guess. Members who signed up a while ago are now fuming after having their accounts frozen for no reason. Read this genuine and honest FINANCEPRIME Review for more details.
Investors who want to trade with Cryptocurrencies should look out for dedicated trading tools. Affordable and transparent Cryptocurrency trading robots are a gem to have in the Crypto world. Expert recommended and industry backed Crypto currency trading robots are what you need. Sign up with leading and trusted Cryptocurrency trading platform today. Make sure to go for Cryptocurrency trading platforms with a proven track record. What are you waiting for? Your trading starts now.
From what we can gather, members are having their cheque cut off from underneath them. After depositing a certain amount and seeing profits pile up, members then decide to withdraw funds. And this is where the problems starts as withdrawal request are never fulfilled. The scam artists have designed new ways of stealing from unsuspecting investors. To keep the good trading name clean, we have to expose such illicit platforms. Stay away from Finance Prime or else face the risk of being their next victim.
These scam artists have come up with an insane promotion which is clearly a scam. FinancePrime is claiming to be in operations since 2013 and is one of the many lies posted. Over the moon profit margins is another issue we have with this platform. Users are promised 7% to 18% daily profits with this platform. You will also be promised 70% to 100% profit after 10 days. Within 20 days, users are promised 100% to 140% profit margins. That’s a profit margin that will never happen in any trading market.
FinancePrime Inc is the company listed as the owners of this platform. Looking at their about us page, not much can be said about the platform’s history. And this is a huge problem because they claim to have been in existence since 2013. These are simply offshore brokers who are planning to steal funds from unsuspecting online investors.
NB: Interested In Mining Bitcoin And Other Cryptocurrencies for Profit? Now, You Can Mine Better, Faster and Smarter for More Profits With The Ready to Use, "High Performance", and Approved IQ Mining BTC Cloud Service For Miners. With This Mining Service, You Will Get Up to 128% Yearly ROI from Mining Bitcoins Alone Without Having to Buy Any Expensive Mining Hardwares and Softwares! Not Only That, You Will Get Your First Payout the Next Day After Buying a Plan With IQ Mining. You’re Also Given a Dedicated Account Manager After You Buy A Plan Who Will Help You With the Best Pool Allocations and Account Setup Plans To Get the Most Out of Your Purchase.
Anonymity is another feature which makes us doubt the intent of Finance Prime. No one knows who the actual owners of this platform are. The company in question is not found in any company register in the Panama region. Who are the founding members of this platform? Why can’t we get the actual names of people running the show? Stay away from any anonymous and offshore investment platforms.
Another problem with FinancePrime is lack of proper regulation from authorities. Their entire website fails to give users any information regarding their regulatory status. What this means is that we are dealing with a scam broker who is unregulated. Stealing funds is easy for them and recovering funds is impossible. Investors who signed up are now crying foul after these scam artists fail to deliver on their promise. Offshore entities in most cases never bother to regulate themselves.
The platform would have at least provides users with a license or registration number. FinancePrime Inc is also not a licensed company which makes it hard to trust anything they sell. Lack of proper registration credentials is proof we are dealing with a scam platform. To stay safe, users should sign up with platforms regulated by official governing bodies. These bodies include ASIC, CONSOB, CySEC, FCA, FSC, NFA, and others.
Why not go for brokers who have been given the thumbs up by the trading community. Make sure to go for brokers who have a strong online reputation. Sign up with brokers who have the right set of expertise to help you make profit. Genuine and transparent brokers are a gem to have in the trading world. Sign up with top rated brokers who are reliable and reputable at all times.
We could not come up with any advantage of dealing with this illicit platform. From being an unlicensed entity to not having credible information on them, this is a scam. Investors are to watch out for platforms which offer insane profit margins. You should know that prices change and the market is volatile. Making such a high profit margin daily is not possible, even with a trading robot. The good option is to stay away from this platform and never fall for their empty claims and promises.
FinancePrime is furnishing users with three account types to choose from. With an initial deposit of $25 to $25,000, users get a daily profit margin of 7.6% to 18% daily profit. The other investment options give users 70% to 150% profit on investment within 10 days. Last investment option gives users 140% to 400% after 20 days of daily return. And this is where we draw the line with this illicit platform.
Another problem we noticed with this platform is having an offline customer support team. You can see that they have a chat dashboard at the bottom right hand side of their website. The problem with this chat box is that users have to leave a message. Once you do so, expect the response in a year’s time. These scam artists never respond to queries unless you are asking about how to deposit funds. Ensure you sign up with platforms which offer efficient customer support.
According to the account types, users can deposit money using Payeer, Perfect Money, and Bitcoin. What still remains a huge problem with FinancePrime is lack of withdrawal. Most complaints we have seen center on users not being able to withdraw funds. Without a credible withdrawal process, the entire platform is a hoax. No member has come forward with proof of ever withdrawing funds with this platform. FinancePrime is simply making money by stealing from investors.
Another problem with this platform is having an untested trading platform. No one knows which type of platform they are using and it seems to be a custom-made platform. Such platforms have a huge disadvantage as they are unsecure and unstable. Due to lack of proper security features, they render these platforms unstable. Hackers are able to penetrate through the website and steal your credit card information. Stay away from this platform and ensure you never give them your personal details.
Another problem we noticed pertains to segregation of accounts. Investors are depositing funds straight to owner’s personal bank account. Expect no compensation from a platform which does not participate in a compensatory scheme. Your funds are far from safe with FinancePrime
Evidence is pointing to the fact that FinancePrime is a scam which is waiting to pounce on unsuspecting investors. Ensure you stay away from this platform or else face the risk of losing your entire deposits. Mark all their emails as spam and never click on any links sent by their email marketing team. Warn your family and friends from signing up with this illicit trading platform.
We will be adding this platform to our scam blacklist and ensure our readers are informed about the scam.
Why not use accountable and dependable Forex trading robots for all your trading needs. Sign up with esteemed and top rated Forex trading robots for a chance to make real profits.
Wishing all investors a happy and safe trading experience in their trading journey.
Help Us Fight Scams. Please Donate to Support Our Work. No Amount is too Little or too Big. Thank You..
February 8, 2019 By Ghazanfar
The phrase ‘Necessity is the mother of invention’ seems true for Iran. This is because Iran has unveiled its own...
February 8, 2019 By Ghazanfar
In spite of long bear market, Bitcoin transactions per day are increasing. Today the level of these transactions has touched...
February 4, 2019 By Ghazanfar
Although bear market in crypto world is extending, yet many fiat currencies are facing the threat of destabilization. This is...
February 4, 2019 By Ghazanfar
In spite of mix signals from the cryptocurrency world about the future of cryptocurrencies, many countries are planning to test...
February 3, 2019 By Ghazanfar
The idea of Bitcoin adoption as an international currency is not at all new. Over the years, many financial experts...
February 2, 2019 By Ghazanfar
Bitcoin’s entry into the longest ever bear market in history is one of the most burning issues of today. The...
Valforex.com cannot be held liable for any damages incurred due to the usage of any information displayed on this website. The information and trading guides found on the website constitute the authors’ opinion only. Both Forex and Binary options involve high-risk and are not suitable for all investors. Either Forex or Binary options may not be legal in your jurisdiction. It’s visitors’ responsibility to make sure these entities are legal in their jurisdiction before engaging in trading activity… Read More