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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.
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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.
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.
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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.
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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.
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Wishing all investors a happy and safe trading experience in their trading journey.
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