✔️ Information reviewed and updated in July 2024 by Pedro Martínez González

Here we will inform you if we consider the PRIMEXBT company to be safe or unreliable. Read our full analysis to get all the information!

We analyze the website, observe every detail and examine the main characteristics that are taken into account when choosing a good broker such as the location, the company to which it belongs, its regulation, its reputation...

Below we will show you essential information about PRIMEXBT and we will tell you why we reached such a conclusion:

Basic Information

Company typeForex, cryptocurrencies, CFDs and indices broker
🏠Company *​Prime Technology Ltd, PrimeXBT Trading Services Ltd and BAKSTA UAB
RegulatoryIt is not regulated
📈PlatformOwn platform
📌Address​Mentions being located in the Marshall Islands, Lithuania and Seychelles
🕑 Website ageWebsite registered on: August 28, 2018
🌐 WebsitePrimeXBT.com
📧 Email[email protected][email protected]

Company:
⚠️ PrimeXBT is owned by: Prime Technology Ltd. Global markets and cryptocurrency futures products are offered by: PrimeXBT Trading Services Ltd. FIAT exchange services are provided by: BAKSTA UAB. It is important to be alert!

Location:

⚠️ PRIMEXBT indicates that it is based in the Marshall Islands, Lithuania and Seychelles, a location that is not recommended. Trusting a company established here means exposing your money to risks without protection. It is crucial to evaluate carefully before proceeding with this venture

We can already tell you that we are concerned about several characteristics of this company.

What is PRIMEXBT?

After a thorough review of the company's website, we concluded that PRIMEXBT operates as a broker forex, cryptocurrencies, CFDs and indices.

Account types

Having analyzed the PrimeXBT website we observed that: the broker does not really offer different types of accounts.

Information on the web

prime XBT website

Here we show you a screenshot of the PRIMEXBT website, which is PrimeXBT.com. The capture was made in May '2024.

Contact: phone numbers and email

After having thoroughly examined the website:

📞 We have found the following phone number: It does not have one.

📧 We have found the following email: [email protected][email protected].

PRIMEXBT Regulation

We have analyzed in depth the current ⚖️ regulatory situation ⚖️ in which this company finds itself and we have reached the following conclusion:

La lack of transparency regarding regulation of this broker is alarming. Without regulation, customers risk losing their money with no possibility of recovery in the event of problems. It is essential to do your research and exercise caution when dealing with companies that are not under the supervision of any regulatory body.

🚫 PRIMEXBT final valuation 🚫

As you can see, we have carried out a detailed and complete analysis of the most important characteristics of PRIMEXBT and we have reached the following conclusions about this company:

Location: The company claims to be located in the Marshall Islands, Lithuania and Seychelles, an unsafe location in terms of regulations and business transparency.

Regulatory: They do not mention anything about its regulation, that is to say: we are talking about an unregulated company with a notable lack of clarity and seriousness.

PRIMEXBT, a broker that covers everything from forex, cryptocurrencies, CFDs and indices, has raised concerns for several reasons. First, the company has multiple owning and operating entities, which can lead to confusion and opacity regarding its corporate structure. IT IS IMPORTANT TO BE ALERT TO THIS ORGANIZATIONAL COMPLEXITY!

As for location, PRIMEXBT claims to be based in places like Marshall Islands, Lithuania and Seychelles. This geographical dispersion raises questions about the stability and security of the company, as these jurisdictions are not known for their strict financial regulation.

Furthermore, the lack of information regarding the regulation of PRIMEXBT is worrying. The absence of details on its regulatory compliance suggests a lack of transparency and seriousness, raising questions about its reliability as a broker.

🚨🚨 We conclude that, based on the reasons mentioned, this company does not inspire confidence or security. We advise you to reflect before making any financial transaction with her. 🚨🚨

Updates

➡️ At the moment there are no updates

User Reviews

[democracy id = ”8921 ″]

What is your opinion? We invite you to collaborate with us and vote. You can also leave a comment about your experience with PRIMEXBT.

At the end of the review you will find customer comments.


How to Claim Money Scammed by PRIMEXBT

If what you want is to know how to claim your capital, if you have been scammed, further down in the FAQ section you can find our advice.

How to Report PRIMEXBT

If you feel dissatisfied with the service provided by the company, and for some reason you want to report it, below, in the FAQ section, you can find the best way to report this company.

FAQs

Are there (recommended) alternatives to PRIMEXBT?

Yes, of course there are better and safer options! You can see here the brokers we recommend: ranking of the best brokers.

How can I report PRIMEXBT?

This depends on where you are, you should go to the financial regulator in your country. Write us a comment on this review and we will help you.

Is PRIMEXBT reliable?

No. PRIMEXBT is not reliable, it is a very unsafe company: mentions being located in very unsafe places such as the Marshall Islands, Lithuania and Seychelles. Furthermore, it is not regulated.

How to recover money from PRIMEXBT?

If you want to know how to recover your capital, you can see it here. We explain in detail the process of recovering money from a scam company, step by step.

About the Author: Pedro Martinez Gonzalez

I'll tell you a little about myself! I am a financial analyst and economist with a master's degree in finance.
About my studies: I studied at the University of Salamanca for a Degree in Economics and then did a Master's in Finance in Madrid.
Do you want more information? You can read more about me here in my biography.

25 comments on «PrimeXBT: opinion and comments – Is it a scam?»

  1. Nahuel Aguilera Reply

    PrimeXBT is not regulated!!! They themselves told me by direct message.

  2. Revenge Reply

    Write the address of these thieves...we are a group of affected people and we are going to collect it with money or blood, they are going to pay for the damage they have caused, the father of an affected family committed suicide because of these bastards... Tell me where we can find these motherfuckers or privately send the address so that those on this website can forward it to me, I NEED THAT ADDRESS!!! I'm going to go after them with everything...they're going to pay for what they've done...SCAMMER RATS!!!

    • Recommended-brokers.com Reply

      Hello Venganza, thanks for writing about PrimeXBT. Currently this broker is considered a SCAM.

      If you are a client, do not make more contributions, their only objective is to steal from you, they manipulate operations manually, they keep the money from when it reaches their accounts, it does not enter the market, everything is prepared for you to lose or make you lose your money to have the excuse to keep it.

      If you decide to withdraw and they request a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it! That's the warning, from that moment you have to know that you are a client of a scam broker and no matter how much you pay you will never see your money.

      To help other users or customers, provide as much information as possible, explain how everything happened, where you saw the advertising, who called you, numbers from which you were dialed, emails and everything that comes to mind.

      If you want to recover your money go to our chat or check the form in this link: CLAIM YOUR MONEY

      Greetings.

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