Prime-CC Review: “Number One Broker” or a SCAM?

Prime-CC - logo
Rating:
1.5

Prime-CC proudly dubs itself as your “number one broker.” However, we’re not entirely convinced of the authenticity of such assertions. To shed light on the matter, we’ve initiated our own investigation to determine whether Prime-CC is a legitimate broker or potentially a scam. Rest assured, we’ll present you with the results of our findings in our upcoming review. Stay tuned for the truth behind the claims!

Prime-CC General Information

Website https://prime-cc.com/
Phone Number
Email support@prime-cc.com
Address Saint Vincent and The Grenadines
License
Minimum Deposit $250
Assets CFDs
Leverage Up to 1:400
Trading Platform WebTrader

Registration and Client Portal Review

Prime-CC has crafted a rather intriguing official website. Instead of the typical charts and quotes, you’re greeted with Greek structures and temples. The question arises: what could this possibly signify? Is it a unique marketing ploy or an exclusive design choice? Frankly, the riddle remains unsolved, and we’re left wondering about the intention behind this creative direction.

Our attention, however, shifts from the enigma of the visuals to the content, which is, to put it mildly, underwhelming. Information about the company is scarce, leaving much to be desired. Yet, amid the limited details, there’s at least some insight into trading conditions and a modicum of legal information.

Whether this unique design approach is a stroke of marketing genius or a baffling mystery, we’ll delve deeper into our review. Stay tuned for a closer look at what Prime-CC has to offer beyond the enigmatic facade!

Prime-CC - website

Joining Prime-CC is a straightforward affair, with a simple registration process that involves providing your contact details and personal information. However, beware, completing the registration is no solo act. Submit the form and wait for the grand “see you soon.” It’s a journey into simplicity with a hint of mystery – Prime-CC style!

Register

Closed registration in the financial and investment sector is generally considered unfavorable for several reasons. Firstly, it lacks transparency, as potential clients cannot easily access information about the company and its services. This creates uncertainty and raises questions about the company’s intentions. Secondly, closed registration limits access to crucial information, preventing investors from thoroughly examining trading conditions, the broker’s reputation, and its licenses and regulations. This limitation can lead to a lack of trust.

Prime-CC Trading Conditions

Step right up, ladies and gentlemen, as we unravel the enigma that is Prime-CC’s account offerings. In this grand spectacle of trading choices, each account type is a chapter in the saga of financial possibility.

Account Types Review

Prime-CC generously offers five account types, each with its own peculiarities. From the Self-Managed account, where you dip your toes with a minimum $250 deposit, to the Exclusive Account, demanding a cool $50,000 for a chance to dance with zero spreads.

Priority processing of withdrawals, access to analytical materials, a personal manager – it’s a buffet of perks that sound impressive but have about as much to do with trading conditions as a banana does with a spaceship.

In this grand spectacle, scammers revel in the dazzle, targeting fresh faces who yearn for assistance in trading.

Trading Platform

Prime-CC positions itself as a web-based trading platform with a distinct emphasis on simplicity. Operating exclusively through web trading, it forgoes the sophistication of downloadable desktop applications or dedicated mobile apps. This minimalist approach is reflected in its design, offering a basic set of features and a straightforward user interface.

In terms of trading tools, Prime-CC provides a limited selection of standard technical indicators. This lack of depth may pose challenges for experienced traders who rely on advanced tools for in-depth technical analysis. The absence of customization options further constraints users seeking a tailored trading experience.

Prime-CC — Deposit and Withdrawal of Funds

According to the information provided, the broker asserts that users can utilize several payment channels, including bank transfers, debit and credit card transactions, and electronic wallets. However, when it comes to crucial details such as transaction execution times, limits, fees, and other relevant information, the platform appears to treat these as minor details not deemed worthy of publication by its creators. This lack of transparency on critical aspects of the payment process raises concerns about the clarity and completeness of the information available to users navigating financial transactions on the platform.

Verification

The company mandates a verification process for its users. The verification procedure typically involves the submission of essential identification documents to confirm the user’s identity and adhere to regulatory compliance.

Users are required to submit scanned or photographed copies of specific identification documents. These often include a government-issued photo ID (such as a passport or driver’s license), proof of address (like a utility bill or bank statement), and, in some cases, the credit/debit card used for funding the account.

The submitted documents undergo a review process by the broker’s compliance team. They verify the authenticity of the provided information and ensure that it complies with regulatory standards.

Additional Options

The broker offers a referral program that allows users to earn commissions by inviting friends to the platform. When you share your unique referral link with a friend, you become eligible for an immediate commission. The specific commission amount is determined based on the trading volume generated by your referred friend. After the referred friend completes the required trading activity, you can conveniently track and find your earned commissions directly within your account.

Is Prime-CC a Scam?

Prime-CC doesn’t quite impress us so far, and it’s unlikely to change even after a thorough legitimacy check. However, let’s delve into the details.

Firstly, the company doesn’t disclose its registration details. There’s not a single contact address provided. Interestingly, the user agreement states that all issues and problems with Prime-CC will be resolved according to the legislation of Saint Vincent and the Grenadines. Why this location? Is the company registered there? We checked the registry and found no matches for this name. Therefore, Prime-CC appears to be an unofficially registered broker, operating without a license. This lack of transparency regarding its registration and regulatory status raises significant concerns about the legitimacy and reliability of Prime-CC as a financial service provider.

Legal data info

Prime-cc.com Domain Info

Prime-CC can’t be regarded as a reliable broker by any means. It’s a relatively new player in the field, and our examination of the broker’s domain corroborates this. According to Whois data, the domain was registered on October 25, 2023. It’s evident that Prime-CC is just another fly-by-night operation.

Domain info

Contacts Review

The company provides only an email as a contact option, lacking other traditional means of communication such as phone numbers or a physical address. This limitation poses a concern for users who may need prompt assistance or seek more direct engagement with the broker. The absence of alternative contact methods diminishes accessibility and raises questions about the broker’s commitment to transparent and responsive customer support.

Pros and Cons

  • Partnership program.
  • Limited contact options.
  • Recent establishment.
  • Lack of transparency.
  • Unverified regulation claims.
  • Questionable safety.

 

2.7 TOTAL SCORE

Prime-CC Summary

Prime-CC - favi

Prime-CC appears to be a dubious broker with a short operating history, a lack of transparency, and unverified regulatory claims. These factors contribute to a significant lack of confidence in the platform's legitimacy and reliability.


Website information content 3
Client Portal 2
Trading conditions 4
Trading platform 3
Deposit and withdrawal 4
Verification 4
Extra options 3
Licenses and guarantees 1
Work duration 1
Feedback 2

Frequently Asked Questions (FAQ)

What Does Prime-CC Offer?

It offers a user-friendly trading platform but is marred by significant drawbacks such as limited contact options, recent establishment, and a lack of transparency regarding its registration and regulatory status.

How Much Money Should I Invest With Prime-CC?

According to the trading conditions, the broker recommends a minimum deposit of $250.

Is Prime-CC Safe?

No, Prime-CC cannot be considered safe.

Subhash Mishra
Forex & CFD Trader

Subhash is a Bengali who has been trading for 16 years. You will find the most objective reviews of Forex and CFD brokers in his articles.

Subhash is a Bengali who has been trading for 16 years. You will find the most objective reviews of Forex and CFD brokers in his articles.

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Client Reviews

  1. Goros

    Red flags

    During the registration process on prime-cc.com, peculiarities emerge right from the start. For instance, upon creating an account, you’re informed that they will get in touch with you. Frankly, it sounds like nonsense. Apparently, this tactic is employed to encourage traders to deposit more money into their accounts after a conversation. Clever move, scam artists.

    Reply
  2. Narin

    Scam

    An old friend sent me information about Prime-CC, seeking advice on whether to trust this company with his money. He had been in contact with an analyst from this company who assured him that investing was a wise choice. According to the analyst, the broker would provide everything a person needs: educational materials, assistance, consultations, advice, analytics, guidance on trading, and more. The claim was that it would be beneficial for them, as brokers earn through commissions. They recommended depositing a minimum of several thousand dollars, preferably $10,000 or more. My friend shared this information with me since I’m an experienced trader. Here’s what I can say about it.
    Prime-CC is undoubtedly a scam involved in a well-known and ancient scheme of fraud. The company preys on unsuspecting newcomers who believe in the tales my friend was told. People deposit money, and the scammers exploit them to the maximum, continually soliciting new deposits until eventually disappearing. Transactions are conducted only in cryptocurrency, and the founders and analysts remain anonymous, operating from fake accounts and phones. In short, once you send your money, retrieving it becomes nearly impossible. Law enforcement is powerless, so if you’ve transferred money to these crooks, consider it gone. I immediately told my friend it’s complete nonsense and shared information about reputable companies with licenses. I would share them here too, but in case they block the comment for potential advertising, I’ll refrain. Take care of yourself and your money; don’t hand them over to fraudsters and scammers like these.

    Reply