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Prime Markets

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Operating status: SCAM

Website: https://primemarkets.com/; https://primemarkets.co.com/

Broker violations and abnormal records
  • 2023-03-29 The Italian regulator CONSOB ordered Prime Markets to be blacked out

    The Italian Companies and Exchange Commission (CONSOB) ordered Prime Markets to be blacked out on March 30, 2023, stating it offers financial services illegally: https://www.consob.it/web/consob-and-its-activities/news-in-detail/-/asset_publisher/kcxlUuOyjO9x/content/press-release-of-30-march-2023-2/718268.

    On May 29, 2023, the CONSOB issues a warning against this broker, discovering another website operated by Prime Markets: https://www.consob.it/web/consob-and-its-activities/warnings?viewId=ultime_com_tutela

    The Italian Companies and Exchange Commission (CONSOB) ordered Prime Markets to be blacked out on March 30, 2023, stating it offers financial services illegally: https://www.consob.it/web/consob-and-its-activities/news-in-detail/-/asset_publisher/kcxlUuOyjO9x/content/press-release-of-30-march-2023-2/718268.On May 29, 2023, the CONSOB issues a warning against this broker, discovering another website operated by Prime Markets: https://www.consob.it/web/consob-and-its-activities/warnings?viewId=ultime_com_tutela
  • 2023-04-09 BrokersView has reviewed that Prime Markets is an unregulated broker

    Prime Markets purports to be regulated by European Markets Authority (EMA) with registration number 00BB17C. But we have confirmed that the so-called EMA is a fake authority, potentially impersonating the European Securities and Markets Authority (ESMA). In addition, this company claims to be located in London. As per UK laws, brokers operating in the UK must be authorized by the Financial Conduct Authority (FCA) in order to offer financial products or services. However, we found no records matching to the details of this firm in the FCA registry. Therefore, what Prime Markets claims about its regulatory status is a false statement to unsuspecting investors.

    In addition, the Italian Companies and Exchange Commission (CONSOB) has ordered Prime Markets to be blacked out, stating it offers financial services illegally.

    In essence, Prime Markets is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

    Prime Markets purports to be regulated by European Markets Authority (EMA) with registration number 00BB17C. But we have confirmed that the so-called EMA is a fake authority, potentially impersonating the European Securities and Markets Authority (ESMA). In addition, this company claims to be located in London. As per UK laws, brokers operating in the UK must be authorized by the Financial Conduct Authority (FCA) in order to offer financial products or services. However, we found no records matching to the details of this firm in the FCA registry. Therefore, what Prime Markets claims about its regulatory status is a false statement to unsuspecting investors.In addition, the Italian Companies and Exchange Commission (CONSOB) has ordered Prime Markets to be blacked out, stating it offers financial services illegally.In essence, Prime Markets is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.
  • 2023-05-24 The UK FCA issued a warning against Prime Markets

    On May 25, 2023, the Financial Conduct Authority (FCA) issued a warning against Prime Markets, believing this broker might be providing financial services or products without proper authorization: https://www.fca.org.uk/news/warnings/prime-markets-primemarketscom

    On May 25, 2023, the Financial Conduct Authority (FCA) issued a warning against Prime Markets, believing this broker might be providing financial services or products without proper authorization: https://www.fca.org.uk/news/warnings/prime-markets-primemarketscom

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