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PrimeFin -

Score

1.46 /10
Danger

PrimeFin

Malaysia

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://www.primefin.com

Influence

D

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Comparison

Quantity 3

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index6.65

Risk Management Index0.00

Software Index4.00

License Index0.00

Open Account
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

Caps Solutions Ltd

Company Abbreviation

PrimeFin

Platform registered country and region

Malaysia

Company website

Twitter

Facebook

Instagram

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 3
Previous Detection : 2024-09-21
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The MalaysiaLFSA regulation (license number: MB/20/0052) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

Exposure

3 pieces of exposure in total
Pyramid scheme complaint
Expose
Scam

I've been forced to deposit 100,000

I want them to refund my money

Nattanop Peeticharat
2021-05-11 17:16
Scam

Fake data

The data of MT4 was different from others. The order was closed when it did not reach the stop loss.

FX1955906814
2021-09-17 11:48
Severe Slippage

Chitchamai Ovatlarnporn

Everyday broker who can speak Thai keep calling and ask me to buy and sell. However, when I buy price goes down when I sell price goes up. Then make me have very high swap value and make my margin level keep lowering. Then they asked me to add more and more money to keep my margin level. However, later I found that Primefin.com is a scammer. So I stop getting their calls. I am now have information from many Thai people that they like this to them also people from other countries. I hope I can get all of my transferred money back, since that money is from my hard working for many year. I started trading with primefin since 26 April untill now never get any profit at all.

FX3327174163
2021-06-10 18:14
Data Source WikiFX Data provide
Updated: 2024-09-21
PrimeFin · Company summary

General Information & Regulation

PrimeFin says to be a trading name of Caps Solutions Ltd, a company incorporated under the laws of Labuan, – a special economic and free trade zone within Malaysia, basically an offshore territory. PrimeFin is not subject to any regulation at this stage.

Market Instruments

PrimeFin claims that it provides instant access to over 10 000 markets, including forex pairs, crypto currencies, commodities, stocks, indices and precious metals,

Minimum Deposit

The minimum deposit requirement at PrimeFin is 250 USD. Although this initial deposit amount doesnt go too overboard, this unregulated broker is the one that traders should stay away from.

Leverage

In terms of trading platform, the maximum leverage level offered by this broker is up to 1:500, which is relatively high. Leverage magnifies the returns from favorable movements in a currency's exchange rate.It's important that forex traders learn how to manage leverage and employ risk management strategies to mitigate forex losses.

Spreads & Commissions

When it comes to spreads and commissions, this part is not disclosed. Since there is no demo account available, we cannot test it in this brokers trading platform.

Trading Platform Available

PrimeFin supports a web based platform, as well as the PrimeFin mobile app. A demo account is not offered.

Deposit & Withdrawal

PrimeFin says to accept payments with VISA, MasterCard and an e-wallet called Vpay. Since we were not able to check this however, here you may find as well our list of brokers, which process credit cards for sure.

News

NewsWikiFX report: PrimeFin Review: Is PrimeFin scam broker or a legitimate broker?

PrimeFin Review – It proudly claims to be regulated by one of the regulatory authorities LFSA under the laws of labaun, Malaysia. However, what the customers tend to miss is which exact regulation do they have a license from. Bragging about being the number.1 brokerage firm, PrimeFin cleverly hides many red flags below the fake promises and lies. If you are here with the intention of knowing whether PrimeFin scam broker or a legitimate broker, read the full PrimeFin review to know more. If you have been scammed by PrimeFin, stay tuned till the end and we have a solution for you as well.

WikiFX
2022-05-18 15:52
WikiFX report: PrimeFin Review: Is PrimeFin scam broker or a legitimate broker?

NewsWikiFX report: The Benefits of Primefin Forex Trading

For traders, Forex is a well-known term. It's a separate trading mechanism, and the market is now very competitive. You should have a clear understanding of the advantages of Forex before buying or trading foreign currency. It is undeniably a popular liquid market with the potential to generate profits by exchanging multiple currencies. Primefin is the most dependable brokerage website for virtual forex, with top webinars, videos, and illustrated blogs.

WikiFX
2022-04-11 17:02
WikiFX report: The Benefits of Primefin Forex Trading
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User Reviews

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User comment

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Comments

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clear
more than one year
In my opinion, It is a fake trading platform. They kept contacting me to open an account and start trading with them, but when I asked about their regulatory status, they started changing the subject. It just seemed really fishy to me. After doing some research, I found out that they don't have any legitimate licenses or registrations. So, I definitely wouldn't trust PrimeFin with my money or personal information.
In my opinion, It is a fake trading platform. They kept contacting me to open an account and start trading with them, but when I asked about their regulatory status, they started changing the subject. It just seemed really fishy to me. After doing some research, I found out that they don't have any legitimate licenses or registrations. So, I definitely wouldn't trust PrimeFin with my money or personal information.
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2023-03-27 10:17
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FX1253350750
more than one year
BIG SCAM! Probably big hearing understanding-issue as well… I have told them that I don’t have any interest in them... And I’m absolutely certain that I don’t want anything to do with them.
BIG SCAM! Probably big hearing understanding-issue as well… I have told them that I don’t have any interest in them... And I’m absolutely certain that I don’t want anything to do with them.
Translate to English
2023-02-24 16:09
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