PrimeDeltas Review – A Broker You Can’t Trust
Exposing scammers is not easy. Many people fall into their traps daily, and it’s understandable why. You don’t have experience, and the agents are using a lot of patience and tricks to get you into opening an account with their company, like PrimeDeltas.
In this detailed PrimeDeltas review, we will point out some red flags, and if you want to keep your money safe, read carefully.
|Broker status:||Offshore Broker|
|Regulated by:||Unlicensed Scam Brokerage|
|Blacklisted as a Scam by:||CNMV, FSMA, Finanstilsynet|
|Owned by:||Delta Nomines Ltd|
|Types of Assets:||Forex, stocks, commodities, indices, cryptocurrencies|
|Free Demo Account:||No|
|Accepts US clients:||Yes|
Is PrimeDeltas a Secure And Regulated Platform?
This company is an offshore broker owned and operated by Delta Nomines Ltd. The only information is that the firm is registered in Belize. But is it? Let’s check PrimeDeltas regulations. The company is allegedly regulated by the IFSC. Upon reviewing this information, we have confirmed that the broker is not in their register.
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 a high alert per se, indicating that PrimeDeltas is just another unlicensed scheme.
This firm is an offshore, unregulated trading firm. The corporation is exposed as a scam by the Spanish regulatory body, CNMV.
How Unsafe Is An Unlicensed Broker?
We’ve stated that regulation is crucial. For example, the client’s account is always segregated from the company’s account. Scam companies will just take the money, and you will never hear from them again.
PrimeDeltas Warnings From Financial Regulators
The Spanish National Securities Market Commission exposed the company as a scam. This same warning was later republished in Belgium and Norway. This is a major red flag. Beware! It is not safe to invest with this company.
Traders’ Experience With PrimeDeltas
PrimeDeltas is a fraudulent broker, as we have already proved. So, unsurprisingly, the reviews are entirely negative. Many clients involved with this scheme firm cannot get a payout now. If you’re one of them, it’s important for you to act quickly and request a chargeback.
What Platforms Does PrimeDeltas Offer? – Available Trade Software
When it comes to the trading platform, the website claims the company is using cutting-edge technology. All that is only to find out that PrimeDelta is using a web-based trading solution. This is not even close to the industry standards like MT4 and MT5.
PrimeDeltas WebTrader Platform – Platform Features
Unlike MetaTrader4 and Metatrader5, the Webtrader has basic features, such as placing orders and customizing charts but other than that, its abilities are pretty limiting.
All About PrimeDeltas Accounts – Demo Account
PrimeDeltas is offering three types of accounts. They are:
- Basic – 250 EUR
- Standard – 2,500 EUR
- Premium – 25,000 EUR
The broker charges a commission of 3.5 € per lot for the Premium account. The leverage goes from 1:100 to 1:200. All in all, nothing here is worth your time or money.
There’s no PrimeDeltas Demo account, so you’ll have to invest your own funds.
PrimeDeltas Broker – Countries Of Service
PrimeDeltas is operating in the following countries:
PrimeDeltas Range of Trading Instruments & Markets
The available assets are:
- Forex – EUR/USD, GBP/USD, AUD/USD
- Shares – Apple, Amazon, Facebook
- Indices – Dow Jones, NASDAQ
- Digital currencies – BTC, ETH, XRP
- Commodities – gold, silver, oil
Despite a solid choice of trading assets, PrimeDeltas remains a trading scam.
PrimeDeltas Trading Conditions
Like other scammers, this firm decides on its own trading conditions. And, of course, those are not in your favor.
About Leverage And Spreads
The leverage goes up to 1:200, while the regulators allow up to 1:30 or 1:50, depending on the country. Spread is not disclosed, leaving you to guess trading costs.
PrimeDeltas Deposit, Withdrawal Methods, And Fees
Legitimate brokers offer clients many payment methods, to name a few: PayPal, Neteller, or Skrill. The only option in the deposit menu with PrimeDeltas broker is to deposit by credit card and the provider is Gamechangers. Since we’ve never heard of it, we advise you to stay away.
The withdrawal fees depend on the deposit method and usually vary from 25 € to 100 €.
PrimeDeltas Bonuses and Promotions – As A Method Of Fraud
PrimeDeltas offers a deposit bonus of 15-25%. Yet, the Terms and Conditions have a clause stating that you cannot get your funds back unless you have a minimum trading volume of 25 times the deposit plus the bonus amount. While bonuses may look like an advantage, in fact, they’re made to prevent you from getting your money back. Don’t fall for it.
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.
Our team will get in touch with you as soon as possible to hear from you and help you start the chargeback procedure. Don’t wait. Book your free consultation now, and let’s get you started.
What Is PrimeDeltas?
PrimeDeltas is an unregulated offshore broker based in Belize.
Is PrimeDeltas a Scam Broker?
Yes. This company is an unregulated broker blacklisted in Spain, Norway, and Belgium.
Is PrimeDeltas Available in the United States or UK?
PrimeDeltas operates in both the US and the UK.
Does PrimeDeltas Offer a Demo Account?
The broker doesn’t offer a Demo account, meaning you will have to pay to trade.