Exposing scammers is not easy. Many people fall into their traps on a daily basis and it’s understandable why. You don’t have the experience and the agents are using a lot of patience and tricks to get you into opening an account with their company.
However the real struggles begin after you put your money in the account, not with the trading business but with the company that you’ve invested in in the first place. We’re bringing some warning signs about scamming companies. In this detailed PrimeDeltas review article we will point out some red flags and if you want to keep your money safe then this text is for you.
PrimeDeltas is an offshore broker. The company is owned and operated by Delta Nominies Ltd. And on the website you will find the information that the corporation has offices in the major economic centers
“We operate in the biggest commercial centers all over the world and recently expanded in new cities with high demand for trading online services.”
Where exactly? The only information on location is in Belize. But is it? Let’s check PrimeDeltas regulations.
| Broker status: | Offshore Broker |
| Regulated by: | Unlicensed Scam Brokerage |
| Scammers Websites: | primedeltas.com |
| Blacklisted as a Scam by: | CNMV |
| Owned by: | Delta Nomines Ltd |
| Headquarters Country: | SVG |
| Foundation year: | N/A |
| Supported Platforms: | Webtrader |
| Minimum Deposit: | 250€ |
| Cryptocurrencies: | Yes |
| Types of Assets: | Forex, stocks, commodities and digital currencies |
| Maximum Leverage: | 1:200 |
| Free Demo Account: | No |
| Accepts US clients: | No |
Is PrimeDeltas a Secure And Regulated Platform?
The regulation of the company is your safety shield. This is one of the most important things you should look for when signing in with a trading corporation. As already written the PrimeDeltas broker is owned by Delta Nomines Ltd, the company that is registered by the IFSC of Belize and the only requirement for the brokerage companies that are authorized in Belize is to pay a license fee, that’s all guarantee.
But there is more, the company is in the IFSC register, but they don’t have a registered website. What could be the catch? If you check the Terms and Conditions you will see that the agreement with the client is “subject to the laws of Estonia and St. Vincent and the Grenadines (SVG).” This is high alert very suspicious! PrimeDeltas is not listed with the EFSA or any other license.
The name of the company is not popping with the FCA and the ASIC as well. So to sum it up, PrimeDeltas is an unregulated offshore broker and that only means one – SCAM.
PrimeDeltas is an offshore, unregistered broker. Publicly exposed as a scam by the CNMV. The company is not offering a demo account, the minimum deposit is 250 €. The leverage ratio is extremely high, 1:200.
How Unsafe Is An Unlicensed Broker?
We’ve stated that the regulation is very important. The regulation is there to protect the client because there are a number of rules that are strict and that must, by any chance, be followed. For example, the client’s account is always segregated from the company’s account, meaning that the company has its own account for their investments and is forbidden from using their client’s money. Scam companies will just take the money and you will never hear from them again.
In order to add to the above, we strongly advise you not to invest in fraudulent brokersACE FX, AltimaTrade andAbsolute Markets.
PrimeDeltas Warnings From Financial Regulators
The company was exposed as a scam by the Spanish National Securities Market Commission, another European regulator. This is a major red flag. Beware! It is not safe to invest with PrimeDeltas.
What Platforms Does PrimeDeltas Offer? – Available Trade Software
When it comes to the trading platform, the website claims that the company is using cutting edge technology only to find out that PrimeDelta is using a web based Webtrader. That is not even close to the industry standards MT4 and MT5. Unlike MetaTrader4 and Metatrader5 the Webtrader has basic features, such as placing orders and customizing charts but other than that its abilities are quite limiting.
All About PrimeDeltas Accounts
PrimeDeltas are offering three types of accounts. Basic, standard, and premium. The minimum amount for deposit is 250 € while the maximum is 25 000 €. They charge a commission of 3.5 € per lot for the Premium account. The leverage goes from 1:100 to 1:200. This leverage is absurd!
Most of the licensed companies can’t go over 1:30 because high leverage is endangering your investments. Putting ratio 1:200 is insane! As far as the bonus scheme goes the company has one. There is a welcome bonus and other promotions. The bonuses can be withdrawn but only after the client traded 30 times the amount of the deposit plus the bonus.
PrimeDeltas Broker – Countries Of Service
PrimeDeltas is operating in the following countries:
- Spain
- Portugal
- Italy
- Germany
- UAE
Please, also remember the names ofMetaversesWorld,TheCoinTrustandRichmond Superscams and avoid them at all costs! Also, always check the history of online trading companies before investing!
PrimeDeltas Range of Trading Instruments & Markets
The available assets are Forex, shares, indices, digital currencies and commodities. The website states that the most popular cryptocurrencies are BitCoin, Ripple and Etherium.. You can trade with all of these assets. The possibilities for stealing away your money are endless.
PrimeDeltas Deposit, Withdrawal Methods And Fees
Legitimate brokers offer clients many payment methods, to name a few; PayPall, Neteller or Skrill. However, even if the PrimeDeltas is allowing depositing via bank transfer, e-wallets and credit cards, the only option, in the deposit menu, is to deposit by credit card and the provider is Gamechangers. The withdrawal fees depend on the deposit method and they usually vary from 25 € to 100 €.
Scammed by PrimeDeltas Broker? – Let Us Hear Your Story
Did you lose money to PrimeDeltas? We are sorry to hear that! Unfortunately, these things happen, but don’t panic. There is a way to restore your money! If you react quickly enough. Click on the button below and register today! Our team will get in touch with you as soon as possible. It’s completely free and we encourage you to write to us now. We can help you, tell us your story.