Global Prime Treasury PTE LTD is a brokerage company that offers investors opportunities to increase their capital by providing access to international markets. They also offer a modern trading platform and personalized support for comfortable work. However, do company representatives really fulfill all their obligations, and are there any risks for investors to lose money? In short, no. It’s a scam. And if you want more details, feel free to read my review.
- Global Prime Treasury PTE LTD General Information
- Registration and Client Portal Review
- Global Prime Treasury PTE LTD Trading Conditions
- Account Types Review
- Trading Platform
- Global Prime Treasury PTE LTD — Deposit and Withdrawal of Funds
- Verification
- Additional Options
- Is Global Prime Treasury PTE LTD a Scam?
- Legal Information and License
- Globalprimetreasury.com Domain Info
- Contacts Review
- More Details
- Pros and Cons
- Frequently Asked Questions (FAQ)
Global Prime Treasury PTE LTD General Information
| Website | https://www.globalprimetreasury.com/ |
| Phone Number | +441212696382 |
| support@globalprimetreasury.net | |
| Address | Golden Agri Plaza, 108 Pasir Panjang Road, Singapore 118535 |
| License | — |
| Minimum Deposit | £100 |
| Assets | CFDs |
| Leverage | Up to 1:100 |
| Trading Platform | WebTrader |
Registration and Client Portal Review
The official website didn’t really impress me much. It’s a standard template, albeit slightly more modern-looking compared to its counterparts. I couldn’t quite grasp the image used for the cover. Apparently, that winding road is an analogy for the trading process. However, the creators of the project would have been better off paying more attention to some other important things. For instance, there is very little information about the company on the website, and legal documents are practically absent. Don’t get me wrong, but what’s in the footer can hardly be called documents. They’re just some ramblings for a couple of paragraphs. And they want to say that this is a serious broker?
In essence, the trader doesn’t know exactly who they are entering into a partnership agreement with, and what awaits them after they start investing on the platform is unknown.
To open an account on the platform, you need to go through the registration process. There is a special form for this on the website. However, not everyone can become a member of the trading team. First of all, you need to obtain a special registration code for this. And how exactly to do this, the project owners do not specify.
In other words, you need to contact customer support in any case. And there’s the first red flag. Remember, with good brokers, all processes are streamlined, and you don’t need to consult with managers a hundred times.
Global Prime Treasury PTE LTD Trading Conditions
The trading accounts do not differ much from each other. Primarily because the broker describes them quite sparingly. Mainly, attention is drawn to minimum deposit sizes, leverage, and additional services. Some important parameters are not specified here. For example, there is no data on spreads and swaps. Instead, the intermediary focuses on services such as ROI and account bonuses.
Account Types Review
Traders have the option to choose from seven types of accounts:
- Intro. Minimum deposit of 100 pounds, leverage of only 1:10. Additionally, clients are provided with limited access to trading assets.
- Beginner. Requires a deposit of five thousand. Only the leverage increases, while all other conditions remain the same.
- Silver. Minimum deposit of 25,000. Spreads become average instead of standard, and leverage increases to 1:50.
- Gold. Here, Global Prime Treasury offers some additional services. For example, a personal financial plan, bonuses, and ROI.
- Premium. Requires a deposit of 150,000 pounds. The size of bonuses and guaranteed income increases.
- VIP. Minimum deposit of 250,000 pounds. Traders are also offered a 100% account bonus.
- Partners. Requires a minimum deposit of 1 million pounds. Traders will be admitted to major investment conferences.
Thus, Global Prime Treasury PTE LTD offers quite typical trading conditions, and clients will not find anything special on this platform.
Trading Platform
The Global Prime Treasury PTE LTD trading platform is essentially the Easy Technologies WebTrader. They do not offer a demo account option for clients, nor do they provide downloadable applications for PC or mobile devices. The platform interface lacks any standout features, and its functionality is limited. There are few indicators available, and customization options are not provided either. Overall, the solution offered is quite basic.
Personally, I wouldn’t opt for this broker based solely on their platform. At a time when Metaquotes and TradingView are competing to offer the most advanced solutions, it seems strange to consider the basic terminal as the best overall option.
Global Prime Treasury PTE LTD — Deposit and Withdrawal of Funds
You can deposit funds on the platform using bank cards, transfers, and electronic payment systems. There is no information provided about deposit fees, so let’s hope there are none. However, there is also very little information about withdrawals.
Essentially, the instructions state that you need to submit a withdrawal request and wait for approval. Once approved, you will receive your money. However, there is no indication of how long this process might take.
Verification
To access all available features on the platform, you will need to undergo verification. The company has not introduced anything new. Based on the policies provided, the procedure seems quite standard. You will need to submit copies of documents to the broker, including something to verify your identity, such as a passport or driver’s license. To confirm your address, a bank statement or utility bill will suffice. Once Global Prime Treasury PTE LTD receives scans of your documents, they will commence verification. If anything else is required during the process, you will be informed.
Additional Options
Global Prime Treasury PTE LTD offers a partnership program, although the broker does not disclose details about it. From its description, it can only be understood that clients will earn income through a direct scheme for deposits made by their referrals.
Additionally, the project offers bonuses to accounts, with the amount depending on the account’s status. Premium accounts may receive bonuses of up to 100%.
Also, I briefly mentioned ROI earlier. How the company will generate such profits is entirely unclear to me. Hopefully, they do segregate clients’ funds. Otherwise, this simply turns into a big farce with the scent of a financial pyramid scheme called a Ponzi scheme, where profits are paid from the funds of other depositors.
Is Global Prime Treasury PTE LTD a Scam?
Collaborating with this company can lead to the loss of your funds. Here are several signs that clearly indicate fraudulent activity.
Legal Information and License
From the very beginning, Global Prime Treasury PTE LTD misled its clients by not publishing the necessary documents on its website, which could disclose the broker’s internal processes and familiarize clients with potential risks. The section containing legal information presents only text copied from dozens of other platforms. Information about the license is nowhere to be found, although reliable brokers should not conceal such essential data.
Apparently, the company is registered, and it claims to have an office in Singapore. However, it merely poses as Global Prime Treasury PTE LTD legal entity. The original company is located at a completely different address. It is not involved in brokerage services and does not even hold a license for investment activities.
Globalprimetreasury.com Domain Info
Another significant drawback of this platform is the registration date. Awards received in 2017 are published on the website, yet according to WHOIS data, the platform was registered only on February 22, 2024. This means that all of the company’s achievements turn out to be invalid since the broker Global Prime Treasury PTE LTD could not have received any awards in the years 2017-2018. So, consider whether it’s worth paying attention to a project that publishes unreliable information about itself right on its homepage.
Contacts Review
You can contact support by phone or by sending an email. Also, the office address details are published on the website. However, as I have already discovered, this is not the actual office of the company. Well, it is dubious that a fake broker would have a non-fake address.
More Details
The scenario unfolds in a manner where the Global Prime Treasury is just a bead in the pearl necklace. It’s part of a series of deceitful ventures. You may have encountered their previous incarnations before if you’ve read our reviews. For example, not so long ago, I wrote about Mayfair Wealth Ltd. If you look closely, you’ll understand that these companies are practically all the same, except for the legend, which differs slightly. There, they use a British firm, and here, a Singaporean one. Nevertheless, the result is the same. They simply scam people for money, close a shop, and then return with a new project.
Pros and Cons
- Low minimum deposit.
- Lack of live chat.
- Dubious platform.
- Lack of licensing and registration.
- Insufficient information about potential fees.
- Short work period.
During its one-month tenure, Global Prime Treasury PTE LTD has accumulated a plethora of negative feedback from its clients, and there are even specialized articles by legal experts available online offering strategies for recovering funds invested in this platform. However, the efficacy of such endeavors remains notably limited. Nonetheless, it is imperative to grasp that this is a classic scam, and therefore, it is advisable to refrain from investing any funds into it.
Frequently Asked Questions (FAQ)
The broker offers access to international markets. Additionally, they provide a modern trading platform and personalized support.
According to the trading conditions, the minimum deposit required is 100 pounds.
The broker’s activities are illegal due to the absence of a license. Collaborating with such a company may lead to financial loss, as all the listed indicators point to fraudulent activities.
I haven't started trading here yet.
I just wanted to register an account to check what’s inside and overall how things are going, whether this broker is worth choosing. My conclusion – definitely no. You can’t even create an account without contacting their managers. What kind of reputable broker does that? In fact, you either have to wait for an invitation from them or get a registration code from someone who already trades on this platform. I talked to their support to understand the point of these hoops. In my opinion, they don’t even understand it themselves. I didn’t get any meaningful answers. Instead, I was asked twice to share personal data and also to undergo verification right away.
Well, it’s not a compelling offer, of course. I think I’ll pass because it’s a scam.