PrimeCFDs are among those that are currently trending in the market giving the old-timers a run for their money. The broker was founded in 2017 and has been on the rise ever since. It is owned and operated by TLC Consulting LTD who have made it clear they are in it to change the game. Due to the negative reputation that binary options have this broker ditched FROs and provided a platform for trading CFDs, Forex and Cryptocurrencies only.
The broker manages to stay ahead of the rest by using a Tradesoft web-platform that doesn’t require any download and has qualities such as functionality and simplicity. There is no PrimeCFDs demo account, however, the company makes up for this by providing guides, trading tutorials and daily market briefings which are updated regularly. Their website is user-friendly and easy to navigate giving its clients an easy time.
Other positive attributes with the broker include its multilingual nature since it’s available in English and Arabic, and its customer support service is seamlessly accessible via email. This broker might be promising or a scam, it is quite hard to know because of the little information there is about them but this PrimeCFDs review will help guide your judgment.
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Is PrimeCFDs A Scam? Is PrimeCFDs Regulated?
We really can’t wrap our heads around PrimeCFDs quite well because of its confusing nature. When we checked out their website the broker seemed to have two owners depending on the region one is accessing it from which is not that convenient.
One of the owners, namely Orion Service is regulated and licensed but the other called TLC Consulting LTD is far from being regulated. This confusing status makes it unclear and therefore we cannot conclude PrimeCFDs scam is true, all we can do is only speculate. The broker has not attracted many negative criticisms but the few that are there mainly revolve around its payout percentages.
Unlike other CFD brokers, this one has payouts on both CFDs and Forex which is not very common and should not actually be there. The Manitoba Securities Commission has strictly warned against trading with this broker having received a complaint from a rural couple that was swindled $180,000. Other complaints clients have are the nagging and annoying marketers who have branded themselves as “Senior Managers.” These guys call frequently and will continuously try to persuade you to deposit more and more money which comes out as a desperation.
Alternatives To PrimeCFDs
When it comes to money and investment certainty is key, PrimeCFDs, however, keeps us hanging by the thread. Why trade with worries while IQ option and Plus500 are available and reliable? Save yourself the stress and make sure you check out our IQ Option review to find out the qualities of a good broker. These brokers are all about positive reviews and ensure that each of their clients is satisfied.
They are regulated by reputable agencies, therefore, you don’t have to worry about them being scammers. They also provide an easy to use platform for both experienced traders and beginners.