PrimeCPRO is a risky forex investment platform that’s also anonymous. The platform lacks transparency which leads us to question their motive. Members are also having a hard time withdrawing funds. If you’re new to trading, there are a lot of suspicious trading platforms around. You need to know why Prime CPRO is not your cup of tea when it comes to investing. Here’s our clear PRIMECPRO REVIEW.
On their about us page, the platform claims to specialize in leverage trading. According to the page, PrimeCPRO was founded in 2010. And this means the platform has been operating ever since without a license.
Any platform with over 10 years in the business without a license is not credible. From what we have found out, the platform has been around for a few months. With their 2010 date, Prime CPRO wants to look legit in the eyes of naïve investors.
The platform promises global market access, yet its leverage is way above the regulator’s stance. These are some of the features that make trading with primecpro.com risky. In addition, your funds are at risk as any losses mean losing a huge chunk of your funds.
When looking for credible investment options, you need to sign up with proven platforms. These are expert-recommended platforms that have been tested and tried. You can start with Coin staking, DeFi, or Masternoding to see how best these options work.
At face value, primecpro.com looks enticing. The web layout looks professional, and the imagery is near perfect. However, there are some red flags that we spotted which most of you have missed. And this is why you need to go through the review.
Before deciding which investment platform to use, you need to do due diligence. Do some research and find out what others are saying about the platform. It will help you avoid any losses in the future.
PrimeCPRO offers three accounts or packages for members. The three packages are Silver, Gold, and Platinum. These accounts come with different features for members to choose from. However, all account members get the same assets for trading.
Here’s a closer look at each of the accounts;
Silver
It’s the most basic account, and members have to deposit $250 to start using it. The platform does a nice job ensuring investors deposit the acceptable minimum amount. When it comes to leverage, silver account holders enjoy the leverage of 1:100 and 1:200.
Gold
There’s a minimum allowed deposit of $2,500 for gold account holders. Spreads start from 1.0 pips with the leverage higher than the silver account. The leverage for the gold account is set at 1:200 and 1:300.
Platinum
It’s the most exclusive account type, with members having to deposit $25,000. There are no commissions with the minimum trade size set at 0.01 lot. The leverage for this account is set at 1:300, 1:400, and 1:500.
Prime CPRO offers two types of bonuses on the platform. There’s a first-time bonus or welcome bonus and a bring a friend bonus. Typically, the second bonus is a referral program to drive more investors.
The first bonus is meant to ensure members deposit high to get the 20 percent bonus. For the referral, the platform offers a 2 to 15 percent bonus. An affiliate partnership is an excellent way of earning passive income.
You have to be sure whether the platform in question is credible. If it’s not, those who you direct to the platform will lay the blame on you. With a poor support structure, members will turn to affiliates for answers.
You can trade with five classes of trading assets. These include commodities, Crypto, Forex, Indices, and Shares. In addition, the platform claims to use central bank rates, and overnight swaps are available on the platform.
Members also enjoy trading breaks with commodities leverage set at a minimum of 1:200. Crypto assets found on the platform include Bitcoin, Ethereum, Litecoin, and Ripple. However, when it comes to forex, the platform only offers major pairs.
Trading shares of major companies mainly in the U.S is possible. The platform offers shares from the FAANG group. We only have a problem with the high leverage of 1:500 for this particular asset.
Information on who owns or runs the platform remains a mystery. There’s no data on the staff members working behind the platform. No one knows whether the account managers are actually professionals.
And this leads us to believe PrimeCPRO is an anonymous investment platform. As a result, the platform lacks any credibility in the eyes of regulators. Members should know who is held responsible for funds.
There’s no contact page on the platform or a chat tab where one can contact support. So you don’t get any direct means of communication with the platform. All that members have is an email address.
From what we have seen, the platform wants to control the communication process. So there’s no need to sign up with such a platform as communication will be a barrier. And this is exactly what the platform wants.
It makes it easier for them to dodge pesky members who constantly ask to withdraw. The platform will turn dark soon as regulators have already received complaints from members. Before signing up with any platform, ensure it offers ample access to support.
You can only deposit funds via bank and wire transfer. Depository options include Maestro, MasterCard, Visa, and Wire transfer. Funding your account is easy as the process takes less than five minutes to complete.
After funding your account, the balance will reflect within 24 hours. And this means you can start trading and hopefully make winning trades. However, when you want to withdraw funds, that’s when you realize the platform is up to no good.
No one has made any withdrawals for the past month. And it’s a problem as some members have no access to their accounts. It seems Prime CPRO is blocking access to these accounts for no reason.
Prime CPRO is not a licensed entity and doesn’t offer any trading options. The platform is, without a doubt, a sleazy platform that lacks a regulatory framework. Without knowing their residency, finding the regulator tasked to license them is difficult.
You should ensure you sign up with compliant platforms. Go for platforms regulated by ASIC, CFTC, CNMV, CONSOB, CySEC, FCA, NFA, and the SEC. The regulators ensure all parties follow strict guidelines.
Instead of offering users a world-class trading platform, you get a web trader. The platform is not compatible with most devices. You also don’t get advanced trading tools and indicators. It’s not what we would recommend.
It would be best to go for platforms that offer demo accounts and MT4, MT5, or SIRIX trading platforms. These are world-class trading platforms that offer investors a chance to increase their skill levels.
Your funds are far from safe with a platform that fails to comply with regulations. The platform does not offer insurance cover for deposits made. We also believe the platform is pooling funds in one account.
There’s no segregation of accounts which means losing funds in the event of bankruptcy or insolvency. So stay away from platforms that won’t hesitate to block your account when you decide to withdraw.
We won’t recommend the platform for obvious reasons. So please stay away from it.
Deciding which investment platform requires a little help from experts. Here’s a list of the best investment platforms to choose from.
Feel free to leave any comments or write to us with any queries.
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