Primiselite is an almost entirely anonymous cryptocurrency broker, casting doubt on its regulatory status and official oversight. We strongly recommend exercising caution when contemplating investments with Primis Elite, as several indicators raise concerns about its trustworthiness.
We encourage you to meticulously Primiselite review our comprehensive assessment of this company before making any investment decisions involving Primis Elite.
Website – https://www.primiselite.com/
Address – NA
Warned By – Ontario Securities Commission (Ontario) and Autorité des Marchés Financiers (Canada)
Regulation – Unregulated, Blacklisted, Scam
Domain Age –
|Date Registered||September 06, 2022|
|Domain Age||1 year, 1 month, 11 days, 14 hours, 18 minutes, 39 seconds|
Is Primiselite legit or a scam broker?
Primiselite falls short in terms of transparency, even with its compelling website and language. The company’s lack of a physical address prompts questions regarding regulatory oversight and its regulatory status.
This lack of openness is a serious red flag and ought to be taken into consideration when evaluating the company’s broker license. PrimisElite phone number implies that this questionable cryptocurrency broker could be registered in Australia or Denmark. The fact that both phone numbers are the same, nevertheless, is important.
Primiselite Review: Trading Platform
We had the opportunity to explore the Primiselite trading platform, and it appeared to be a basic and unrefined web-based trading interface with minimal features. While it does offer some charts, indicators, and graphs, it lacks advanced functionalities. Additionally, there is a mobile trading app available. However, you won’t find options for automated trading, the ability to use multiple timeframes, interface customization, or benefit from rapid order execution.
Primiselite Review: Trading Conditions
Primis Elite facilitates cryptocurrency trading, including popular options such as BTC, ETH, LTC, and XPT, alongside forex trading.
Moreover, traders have the flexibility to select from four distinct account types: Standard, Gold, Business, and VIP. Curiously, Primis Elite refrains from disclosing its minimum deposit requirements, although industry norms typically hover around USD 200.
In addition, information regarding their offered spreads remains elusive. After extensive research, we managed to calculate a spread of 2 pips on EUR/USD, which may not be enticing for traders. Additionally, Primis Elite extends generous leverage, providing up to 1:400 for VIP accounts and up to 1:200 for Standard accounts.
Primiselite Review: Deposit and Withdrawal Methods
Primiselite asserts that it accepts payments through credit/debit cards (Visa and MasterCard), Bitcoin, and bank transfers.
It’s important to note that, unlike crypto and bank transfer payments, payments made with credit/debit cards offer clients the option to initiate a chargeback within 540 days of the transaction. In contrast, transactions involving cryptocurrencies and bank transfers are virtually permanent and irreversible.
Primiselite Review: Customer Support
Primiselite extends customer support services to address users’ inquiries and issues. They offer customer support via email and furnish contact numbers associated with Denmark and Australia. Traders can engage with the customer support team by either submitting requests or reaching out via email. It is essential to bear in mind that the efficiency and responsiveness of their customer support services could differ.
Primiselite does present certain advantages, such as a user-friendly platform and a variety of account types, it’s important to note that this broker operates without regulation, which can raise concerns. Additionally, the wider spreads offered by Primiselite should also be taken into consideration by traders.
If you become a victim of a Primiselite scam or any deceptive scheme like forex scam, cryptocurrency scam there is a proactive path for seeking redress. Simply complete a complaint form on our website, and you will qualify for a free consultation with our specialists to explore the procedures for potentially recovering your funds.
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