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

We will inform you if we believe that PRIMUSCFD is a safe or untrustworthy company in this section. Don't miss our complete analysis to get all the necessary information!

Our review of the website was detailed, we thoroughly reviewed each element and evaluated the main characteristics that are considered when selecting a reliable broker, including its location, the company that owns it, its regulation and its reputation.

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

Basic Information

🌐 Websiteprimuscfd.net
🏠 Company*Mentions being part of Primus Markets INTL Ltd, Primus Global LTD and Primus Solutions LTD
RegulatoryMentions being regulated by Vanuatu Financial Services Commission (VFSC) and Cyprus Securities and Exchange Commission (CySEC)
📧 Email[email protected]
📈 PlataformOwn platform
📌 AddressMentions being located in Vanuatu and Cyprus
🕑 Website ageWebsite registered on: 2024-04-17
Company typeForex, commodities, indices and cryptocurrencies broker

Company: ⚠️ Primus Markets INTL Ltd, Primus Global LTD and Primus Solutions LTD are reportedly the owners of PRIMUSCFD, although this claim may be viewed with skepticism given the lack of verifiable details regarding the connection between the two entities.

Location: ⚠️ The company mentions being located in Cyprus, but we believe this is false information. Additionally, PRIMUSCFD mentions being located in Vanuatu, a location totally NOT RECOMMENDED. If you decide to trust a company based here you have to know that your money does not have any type of protection, it is very risky, please think twice before trusting this company.

We have concluded that there are several characteristics of this company that cause us concern.

What is PRIMUSCFD?

After having carried out an analysis of the company's website, we can say that PRIMUSCFD is a: forex, commodities, indices and cryptocurrencies broker .

Account types

The company does not provide information about having different types of accounts.

Information on the web

primuscfd website

Here we present a screenshot of the PRIMUSCFD website, which is primuscfd.net. The capture was made in June 2024.

Contact: phone numbers and email

After having performed an analysis of the website:

– We have found the following phone number: It does not mention your phone number

– We have found the following email: [email protected]

PRIMUSCFD Regulation

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

This company mentions being regulated in Vanuatu, this location is used since the regulation of this type of country is practically non-existent. It is almost the same as working with an unregulated broker. That is, if you work with a broker with this type of regulation, unfortunately you are 100% unprotected. Therefore, at the regulatory level, unfortunately PRIMUSCFD is a completely dangerous and very unsafe broker.

On the other hand, it also mentions being regulated in Cyprus, the truth is that here we find truly ALARMING information. This makes us believe that the company is trying to deceive us about its regulation. Please be very careful with these types of companies!

🚫 Final valuation of PRIMUSCFD 🚫

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

Location: They claim to be located in Cyprus, a location known for its safety, although we believe this information could be false, possibly designed to mislead customers. On the other hand, they also mention being in Vanuatu, a location recognized for being unsafe.

Regulatory: Although they claim to be regulated in a country considered safe like Cyprus, we have reason to suspect that this claim is false, reflecting an attempt at deception by the company about its true regulatory status. On the other hand, they mention being regulated by a non-serious and unsafe body like Vanuatu, which raises serious concerns about the security of their regulation.

Please remember that the company has been reported by different financial regulators (in this case the CONSOB, Italian National Securities Market Commission). Use EXTREME CAUTION.

After exhaustively reviewing the PRIMUSCFD website, it is concluded that they operate as a broker that offers services in forex, commodities, indices and cryptocurrencies. However, the lack of clarity about its location and regulation is alarming. Although they mention being located in Cyprus, a country known for its financial security, the veracity of this information is questionable, especially when they also claim to be regulated in Vanuatu, a jurisdiction known for its lax and ineffective regulation. This duality in regulation suggests an attempt by the company to mislead clients about its true regulatory status, raising serious concerns about the safety and security of invested funds.

Furthermore, PRIMUSCFD has been flagged by financial regulators such as Italy's CONSOB, further raising alarms about its reliability and transparency. The lack of adequate regulation and the presence of multiple warnings from regulators indicate a high risk for potential clients.

🚨🚨 In summary: For the reasons mentioned, our assessment is that this company is unserious and unsafe. Caution is advised due to numerous worrying signs. 🚨🚨

Updates

PRIMUSCFD news:

Date Update – news
June 2024Complaint against PRIMUSCFD financial regulator CONSOB, Italian National Securities Market Commission

We note that the company already has complaints from financial regulators. Please be very careful!

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 PRIMUSCFD.

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


How to Recover Money Scammed by PRIMUSCFD

If you have been a victim of fraud and need to know how to claim your money, you can find our advice in the frequently asked questions section below.

How to Report PRIMUSCFD

If you are not happy with the service offered by the company and wish to file a complaint for any reason, we provide you with the best way to do so in the FAQ section below.

FAQs

Are there (recommended) alternatives to PRIMUSCFD?

Absolutely. There are safer and more reliable brokers that we recommend you consider. Our updated ranking of the best brokers can guide you towards more suitable alternatives.

How can I report PRIMUSCFD?

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 PRIMUSCFD reliable?

No. PRIMUSCFD is not trustworthy, it is a very unsafe company: it claims to have a presence in both Cyprus, a country known for its stability, and Vanuatu, a location with a less secure reputation. However, there are questions about the veracity of this information, possibly designed to confuse customers. Regarding its regulation, the company does not offer clear details in this regard. Although they claim to be regulated in Cyprus, there is reason to suspect that this statement could be false, which could signify an attempt to deceive about their true regulatory status. Furthermore, they mention being regulated by a less recognized and less secure body like Vanuatu, which raises serious concerns about the strength of their regulation. Extreme caution is recommended when considering any type of business relationship with this entity, especially due to the lack of transparency in its corporate structure and regulations.

How to recover money from PRIMUSCFD?

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.

2 comments on «PRIMUSCFD: opinion and comments – Is it a scam?»

  1. Manuel Reply

    They are inviting me to invest, but I don't want them to steal my money or scam me. Can you help me? Blessings.

    • Recommended-brokers.com Reply

      Hello Manuel, thank you for writing about PRIMUSCFD. Currently, this broker is considered a SCAM.

      If you are a client, do not invest more money, their only objective is to steal from you, they manipulate operations manually and keep the money from the moment it reaches their accounts, it never enters the market, everything is prepared so that they make you lose your money to have the excuse of keeping it.

      If you decide to withdraw and they ask you for a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it!, that is the alert, from that moment you have to know that you are a client of a scam broker and even if you pay they will never return it to you.

      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 fill out the form in this link: CLAIM YOUR MONEY

      Greetings.

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