Prime Coin Live Review – Why Is Prime Coin Broker a Big Scam?

by admin
Prime Coin Live Review

Prime Coin Live broker is another scheme on the financial market. Recently, more and more brokers have opened anonymous websites and tried to persuade clients to invest. Once exposed by the regulators, these websites simply shut down, and owners disappear with the money. This Prime Coin Live review shows you how to recognize and avoid scammers and what to do if you have already been defrauded.

Furthermore, we recommend you to read our scam broker evaluations for LiraFXQTeck, and TraderCryptoX.

Broker Status:Unregulated Scam Broker
Broker Regulation:Unlicensed Forex Provider / No Regulation
Operating Status:Active Forex Trading Scam
Blacklisted as a Scam by:N/A
Broker Owner:N/A
Headquarters Country:N/A
Foundation Year:2022
Trading Platforms:WebTrader
Mobile Trading:Available via Web Browser
Minimum Deposit:$250
Deposit Bonus:Available
Crypto Trading:Available
CFD Trading:Yes, you can trade CFDs
Trading Instruments:Forex (FX) / Commodities / Indices / Shares / Cryptocurrencies (Cryptos)
Maximum Leverage:N/A
Islamic Account:Not Available
Demo Account:No, only live trading accounts
Accepts US Clients:US traders are accepted
Global Fraud Protection Team:Don’t Invest in This Scam Broker!

Is Prime Coin Live Trading Scam?

The Prime Coin Live Forex broker is an anonymous scam. There’s no company owner, governing law, or license. Usually, when these details are missing, the firm is not regulated and provides financial services without any legal supervision. Investing with such firms is risky because the website can be shut down anytime, and your funds can disappear.

Just in case, we’ve checked Prime Coin Live regulation by searching through numerous Tier1 registers, including the UK FCA, Australian ASIC, German BaFin, and Italian CONSOB. As you can already guess, we found nothing.

Prime Coin Live is not a legitimate investment provider. The broker has no financial regulations and operates from unknown headquarters. There is no information about the owner.

Prime Coin Live Trading Scam

Where Is the Prime Coin Live Trading Scam Active?

Prime Coin Live complaints keep coming, and the website has been active for only a few months, since May this year. It shows us that this firm is a complete fraud. To our knowledge, Prime Coin trading scam is mainly active in:

  • UK
  • Netherlands
  • Canada

How Does This Scam Broker Contact Victims?

Most fake investment firms advertise themselves aggressively through Facebook and Instagram ads and on Google. Since they have nothing to offer and it’s not likely that any customer will recommend them, they have no other way of gaining clients.

Once you sign up, you can expect to receive a number of unsolicited phone calls and emails promising high results and guaranteeing profits. You should know better than that. Anyone who promises anything in regards to the financial market is a fraud.

Besides, the broker lures victims through fake social media posts and messages from fake accounts.

Lately, customers have been contacted through dating apps like Tinder, Bumble, and Grindr. The love prospect could stay in touch with potential scam victims for months before proposing a joint investment. This scam hits men and women equally, so be aware that anyone you’re in contact with maybe a fraudulent broker’s employee.

Prime Coin Live WebTrader Platform

Prime Coin Live Trading Platform Interface

Prime Coin trading platform is a basic WebTrader. It contains some additional features and is better than the TradingView chart, but it still cannot come close to reputable software such as MT4 or MT5. It’s missing automated trading and social trading features, which are pretty significant for successful investing.

With this WebTrader, you can find live quotes, market orders, pending orders, and some charts and indicators, but undoubtedly fewer than you would have with any MetaTrader.

Does the Broker Have a Mobile Trading App?

Prime Coin Live login is only possible from a web browser. We haven’t found any links for Android or iOS apps, which is another big disadvantage of this trading firm.

What Can I Trade With a Prime Coin Live Broker?

Clients have access to all 5 major markets, including:

  • Currency pairs – EUR/USD, GBP/USD, USD/JPY
  • Commodities – gold, natural gas, corn
  • Indices – NASDAQ, FTSE100, DAX30
  • Shares – Amazon, Microsoft, Samsung
  • Cryptocurrencies – ADA, BTC, DOGE

Moreover, scammers such as Green CapitalzGrand Pacific Trade, and Globalix should also be avoided. Please share your fraud story with us.

Negative Balance Protection

From all we know, Prime Coin broker doesn’t offer negative balance protection. It means that if you invested $500 and your trade goes wrong after losing your initial investment, you will keep going into minus unless you close the trade immediately. Long story short, you can fall into debt to the trading firm.

Legitimate firms always have negative balance protection since their goal is helping traders, not stealing more than they are willing to invest. And that’s just another reason to avoid the broker Prime Coin Live.

Overview of Accounts Plans – What Does the Broker Offer?

To tell the truth, there’s a broad range of account types. You can choose between:

  • Basic – $250
  • Bronze – $5,001
  • Silver – $15,001
  • Gold – $50,001
  • Platinum – $150,001
  • Diamond – $500,001
  • Black – 1M+

Accounts differ in access to different trading assets, weekly signals, wealth management, leverage, and educational materials.

Can I Trade With a Prime Coin Live Demo Account?

We haven’t found a Demo account, meaning that you will have to deposit your funds to start trading. This is quite risky since the broker is anonymous and doesn’t offer any money-back guarantee. 

Prime Coin Live’s minimum deposit is $250, while some legitimate firms offer Micro accounts starting with as low as $10. Thus, no reason to involve yourself with this scheme of investment brokerage.

How Do I Withdraw Money From Prime Coin Live?

To make it clear right away, Prime Coin Live withdrawal is nearly impossible. Based on all the reviews and everything we had a chance to see, this brokerage makes it easy to take your funds but very hard to return. 

According to the Withdrawal section, clients can use three payment methods:

  • Debit/credit cards
  • Wire transfer
  • Bitcoin

Note that the withdrawal method has to be the same as the deposit method. Thus, we would immediately advise you to avoid Bitcoin. The minimum withdrawal amount is 100 EUR, and according to the company’s policy, it can take up to 3-5 business days for the funds to appear in your bank.

However, we were informed that this broker rarely approves withdrawal requests and ignores every communication attempt.

Prime Coin Live Bonuses – Another Way to Scam You

There are Prime Coin Live bonuses for initial deposits of up to 30% and for bringing a friend up to 20%. But, there’s no free money. This firm has a malicious Bonus Policy that nobody will present you with until the withdrawal time comes.

According to it, clients cannot make withdrawals before they reach a rollover of 25 times the bonus plus the deposit amount. So, if you invest the minimum of $250 and get a 30% deposit bonus, you will have to repay a total of $8,125 for a $75 bonus you received. You tell us if it’s worth it.

Scammed by Prime Coin Live Broker? – Talk To Our Experts Today!

If you find yourself a victim of the Prime Coin Live scam, let us know. Our chargeback specialists will be more than happy to assist. Global Fraud Protection has years of experience recovering stolen funds. We’ve learned how to use the broker’s weaknesses and get the money back. 

Contact us via online chat to book a free consultation and let’s recover your money before the broker vanishes. Act now!

All In All, Don’t Let the Scammers Get Away for Free!

Get Your Money Back

FAQ Section:

What Is Prime Coin Live, and Should I Invest Money In It?

Prime Coin Live is an anonymous online Forex and CFD trading provider without a license. Contact us via online chat if you have been scammed and let’s find the best recovery solution for you.

Does the Prime Coin Live Offer a Demo Account?

No, Prime Coin Live doesn’t offer a free Demo account, only Live ones.

What Is Prime Coin Live Minimum Deposit?

Broker requires you to deposit a minimum of $250 to start trading.

Can I Trade Cryptos and CFDs With Prime Coin Live Broker?

You can trade both crypto and CFDs with this firm, but we advise against it.

Does Prime Coin Live Give Deposit Bonus?

Yes, broker gives a deposit bonus of up to 30%, but it comes with a malicious Bonus Policy.

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