Want to Trade with Prime Coin Invest? Read This First!
When it comes to teaching the public about the red flags of crypto scams, Prime Coin Invest checks off every box. Prime Coin is the name of a cryptocurrency produced from solving math problems about prime numbers. First of all, Prime Coin has no license. Not only that, but the FCA has flagged this broker for signing up customers in the United Kingdom without holding a license. Not having a license is a major problem–without regulation, customers have no oversight.
Is Prime Coin Invest a Scam or Legitimate?
Prime Coin says it offers advanced trading software, but all it gives customers is its web based platform rather than MetaTrader 4 or 5. It says it has low spreads, but its spreads are 3 which is very high. It also cheats customers by demanding a high deposit at $250, charging high fees for withdrawals and extra if customers haven’t made a minimum number of trades. Also, Prime Coin offers bonuses but only after making minimum trades.
We Found Problems with Prime Coin Invest:
- Not regulated
- Flagged by the FCA
- Negative reviews
- No transparency.
- No contact information
What You Should Do If You Have an Account with Prime Coin Invest?
You should close your account immediately and demand a withdrawal. If you do not receive a withdrawal, contact CryptoCoinTrace experts. We consult with clients, advise them on claims and have the tools and methods to track down your funds. The sooner talk to us, the greater the chances of a successful claim!