ALERT | Prime-coin.live Review: Is it Legit or a Scam

prime-coin.live logo
1
Rated 1 out of 5
Scam Company
1 out of 5 stars (based on 2 reviews)

PRIME-COIN.LIVE REVIEW INVESTIGATION HIGHLIGHTS

Item Description Website Information
COMPANY NAME:
Prime Coin
COMPANY ADMIN:
Unknown
REGULATION:
Unregulated
HEADQUARTERS
Canary Wharf, Upper Bank Street, London, UNITED KINGDOM, E14 5BF
OPINION ON SOCIAL MEDIA AND REVIEW SITES:
Negative
PRIMARY PHONE NUMBER:
Unknown
CONTACT EMAIL:
support@prime-coin.live (active)
WEBSITE URL:
https://prime-coin.live/
WEBSITE IP:
172.67.184.133
IP COUNTRY:
US
DOMAIN CREATION DATE:
2022-05-11
HOSTING:
CloudFlare

Disclaimer: The information on this document was based on information gathered during the website investigation period. Please note that the information provided might be outdated because there might have been changes on the investigated website (i.e. website had been suspended or website had changed owners and changed its content).

What is Prime-coin.live About?

This company by the name of Prime-coin.live claims to be a supposid market leader in terms of brokerage services, Prime-Coin offers traders an extensive range of features. Given that it claims to have all the necessary “outstanding” characteristics, it might not be the best option when it comes to trading platforms. Keep on reading this detailed review on Prime-coin.live to find out more about this organisation and its unlawful operations

What is Prime-coin.live Offering its Clients?

There are seven distinct account types with various benefits for the consumers, ranging in price from $250 to $1 million and beyond.

prime-coin.live About US

Is Prime-coin.live Legit or a Scam?

Working with uncontrolled offshore brokers is extremely unsafe, which is why we only suggest regulated ones. Prime-coin.live is considered to be a scam.

For instance, it is demonstrated that brokers who are governed by the FCA (Britain) and CySEC (Cyprus), two agencies that implement strict legislation to guarantee the protection of clients’ money, are both safe. Increased capital requirements for broker license (€730 000), segregation of client accounts, risk-reducing measures such as leverage restrictions and negative balance protection, and client account segregation are all necessary laws.

While clients of CySEC brokers have the option of claiming up to €20 000, if not more, in compensation, the UK’s protections are much higher at £85 000 per person! Most importantly, both regulators keep the money from deposit insurance! Of course, trading with brokers who are not regulated leaves you defenseless and open to fraud risks.

prime-coin.live plans

Is Prime-coin.live Liscensed?

Prime-coin.live is unregulated and not licensed! Additionally, the Financial Conduct Authority (FCA)  has placed the company on its warning list of unlicensed businesses in the UK.

SOURCE:https://www.fca.org.uk/news/warnings/prime-coin 

Based on our investigation on the site. A lot of information is lacking and it seems that the only way to get in touch with Prime-coin.live is via email; the broker has not provided a phone number or address and makes no claims to be authorized by any well-known financial regulation. The biggest warning sign is that engaging with such an anonymous company that has never demonstrated to be trustworthy entails a significant amount of danger. 

You would not be able to control where and how your money was handled if you deposited through a broker like Primecoin.live. Furthermore, you would be unable to verify that your broker is acting by policies and procedures and has fulfilled any requirements.

The only way to stay safe and truly be able to generate a profit is to only work with certified brokers who have demonstrated their reliability. All brokers who are authorized by the UK, EU, or Australia are wise choices because they are subject to the supervision of respectable financial regulators and must satisfy several conditions before they can begin providing complicated financial services.

prime-coin.live FCA

Prime-coin.live Opinions on Review Sites, Social Media Platforms & More

A review on Trustpilot stated, “very poor If you wish to upgrade to a higher level of trading, they will charge you more money if you want to start with the $250 minimum.

“If you refuse, they close your account and their financial advisor yells at you. If you refuse to pay extra money for an upgrade, they disconnect your account. I’m not sure if I will receive my $250 refund because I am unable to log in to Prime Coin. I can tell you who the advisor is if you read this, and you can listen to the calls that I hope you record.”

The people behind the site are not revealed and we didn’t see that Prime-coin.live has an official social media act. Furthermore, upon our investigation, there are a few more details that we saw that weren’t revealed on the site. Prime-coin.live has a lot of phone numbers, mobile numbers and emails that it uses

Telephone: 02030973787, 02030977504, 02045259448, 02033182065, 02038833419, 02039363674, 02039875784, 02045255627, 02080970997, 02045255672, 02045257902, 02045714725, 02045791583, 02080970997, 02080971383, 02080972734, 02080972815, 02080979328, 02080979433, 02080979440, 02086382575, 02086383013, 02086389578, 02882777019

Mobile: 07400204054, 07455979472, 07488844027, 07883208500, 07915620125, +31682467828, +31684551714, +36684552714, +47537153373

Email: support@prime-coin.live, benjamin.lindburg@prime-coin.live, liame.anderson@prime-coin.live, chris.grey@prime-coin.live,cindy.wall@prime-coin.live, grahamhester@prime.coin.pro, hay.ricci@prime-coin.live, ivy.nelson@prime-coin.live, monica.nelson@prime-coin.live, jamie.ward@prime-coin.live, johnbarratt@prime.coin.live, mathew.diggs@prime-coin.live, michael.levi@prime-coin.live, michael.wilson@prime-coin.live, natalie.ross@prime-coin.live, nina.salinger@prime-coin.pro, richard.bentley@prime-coin.live, veronica.wilkinson@prime-coin.live

prime-coin.live Terms

Comparing Prime-coin.live To Well Established Companies

To open a trading account at Primecoin.live, you must deposit at least $250, which is a lot. Many excellent brokers would start an account for far less, sometimes even just $10.

The broker’s spreads, which can be as high as 3 pip on EURUSD, are also not particularly outstanding. Keep in mind that 1.5 pip or less might be regarded as typical; anything greater would require you to pay the broker a significant amount of money merely to be able to trade, which would reduce your profits.

On key forex pairs, the broker’s maximum leverage is 1:100, and this cannot be adjusted in the settings. The issue with this is that if you don’t have the skills and experience to handle it, such leverage could result in significant losses. Because of this, you should always use caution while adjusting your leverage settings.

However, when we take a closer look at a reputable business like Binance, we can notice that none of these red flags are present there.

Do you suspect that someone had scammed you?

If you have any suspicion of a scam or phishing attack, then you can rely on EZChargeback to help you with protection, mitigation, and fund recovery

You will feel safe knowing that experts with years of experience will be guiding you!

How To Get Your Money Back if You Were Scammed by Prime-coin.live

Here are a few actions you can take to reclaim your funds from a scammer with the assistance of Ez Chargeback.

The first thing you need to do is reach out to the Ez Chargeback support team. You can contact us through our contact us page, fill out a brief form explaining the details of your case and we will get in touch with you within the next 15 hours. During this time frame we advise that you stop all communication with Prime-coin.live and start collecting evidence to support your case. 

Shortly after that our representatives will be in touch with you and discuss your case in further detail. From there the Ez Chargeback consultants will advise the best asset recovery agency for you to work with and they will take your case forward!

EZChargeback only partners with the most trustworthy and capable scam recovery organizations.

Once you consult with us, we will be able to help you solve your problem and refer you to the top asset recovery firms that will get your money back!

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