ANSWER Prima Trade appears to be a fraudulent entity due to misleading information about its regulatory status.Prima Trade claims to be regulated by the Seychelles Financial Services Authority (Seychelles FSA). However, this assertion has been refuted by the Seychelles' financial regulator itself. In fact, the Seychelles FSA has issued a warning against Prima Trade, highlighting the risks associated with this unlicensed trading platform.Given these findings, it is reasonable to conclude that Prima Trade is a deceptive platform. Investors are advised to avoid it in order to protect themselves from potential fraud and identity theft. It is always recommended to opt for fully regulated brokers.
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