PrimesGain Review: Prime Way to Lose Your Crypto

Navigating the crypto investment landscape is a difficult task. The regulation does exist, however, and this firm is not one of the licensed entities. While this may empower less honest individuals to steal from their clients with impunity, we will show you how to recognize them.

Learn how professional internet fraudsters use high-profit margins as bait to steal crypto from their victims in our PrimesGain review.

Not a Real UK Firm

According to the website information, the PrimesGain broker is owned by PRIMESGAIN, allegedly registered in the UK. There isn’t a single business registered under this name in the UK Companies House database of legally incorporated entities.

Since this search gave back no results, we also tried searching for the address that the firm claims to be registered at. However, the same register says that there used to be another firm called PRIMES CASH COMPANY INC LTD. The business was registered in September 2022 and dissolved via compulsory strike-off in February 2024. The nature of the business was the activities of investment trusts. The site we’re reviewing doesn’t belong to a legal entity at all!

Blacklisted by FCA

Companies that claim to be licensed online financial services providers in the UK have to be licensed by the Financial Conduct Authority first. FCA imposes strict regulatory directives that ensure clients’ funds are safely kept and that investment platforms cannot misappropriate users’ deposits.

However, this very authority has alerted the public regarding the investment scam we’re reviewing. The company has had both of their domains blacklisted. IOSCO and AFM reposted this document. 

Who Do The Frauds Focus On?

The con artists originally created primesgain.com some time during 2023. When the site was noticed by FCA, the conners quickly shut it down and put up another one – primesgain.net. This domain was created in July 2024 with the goal of defrauding people from these nations:

• United Kingdom
• Netherlands
• Belgium

Because neither of these sites has been active for a prolonged period, the PrimesGain reviews on popular rating sites are scarce.

Con Scheme Explained

The PrimesGain trading hoax is a predatory money sink, in simple terms. It’s a fake platform intended to take cryptocurrencies from unsuspecting marks. The people behind the scheme work in a so-called boiler room, which is best explained as a scam call center. They will claim to be financial professionals and pitch promises of huge profits and passive income.

Of course, it is all a ruse, just like with the Nominex scheme. While regulated firms handle the initial purchase of crypto, the swindlers will insist the coins be deposited in their crypto wallets. The funds are not lost, however, and our experts can still help you recover them.

Luring Victims With Unrealistic Profits

It is not so much of a trading app, as the company does not allow clients to trade anything. Instead, clients are urged to buy an investment plan:

• Standard – $50; 5% daily ROI for 4 days
• Business – $5,000; 11% daily ROI for 7 days
• Professional – $10,000; 16% daily ROI for 7 days
• Enterprise – $15,000; 26% daily ROI for 7 days
• Promo – $1,000; 400% ROI in 24 hours

The Promo package is only available through the client dashboard. The ludicrously high profit margin entices marks to make a quick emotional decision. An additional affiliate bonus of 5% is intended to attract more victims through word of mouth.

Nothing Said About Costs

You won’t find cost information anywhere on the site or in the client area. The company never outlines any fees, commission, or any similar charges. The only place where you can find some information is in the FAQs, which state that there are no hidden fees. This is something Titan FX says as well, and we know it to be complete hogwash.

Once a client starts considering a withdrawal, schemers will invent a myriad of different charges to squeeze out more money. In what is known as an upfront fee scam, the funds won’t be deductible from the account balance. Don’t fall for this trap! Contact our legal experts and seek help with your recovery!

Conflicting Withdrawal Information

There are plenty of ways one can invest in the company, the swindlers have made sure of that. Their deposit channels include e-wallets (PerfectMoney, Skrill, Payeer, AdvCash) and crypto wallets (Bitcoin, Bitcoin Cash, Litecoin, and Ethereum).

To learn about PrimesGain withdrawal, we had to consult the FAQs one more time. We found out that the minimum withdrawal amount for most e-wallets, LTC, and ETH is $0.1. At the same time, $2 is the minimum for Skrill and BCH, ETH, and LTC, and $12 for BTC transactions.

You might have noticed that the minimum payout amounts overlap, meaning this information is complete hogwash as well. The Terms and Conditions document doesn’t address the topic at all.

No Replies From Support

Since the support phone number is only revealed to VIP members, others may only use the online form and email address to get in touch. In all honesty, we didn’t expect any particularly special treatment, but no response at all is simply unacceptable. 

While claiming that all clients are tended to, these swindlers don’t even bother responding to any support tickets.

You Can Still Get Your Funds Back!

Before committing your hard-earned money to any investment project, you should double-check the firm you decided to do business with. If they’re not properly registered or have even been blacklisted, that’s your sign to keep away.

If you, perhaps, thought it was a good idea to invest in the PrimesGain scam and lost cash to cons, it’s still not too late to start a chargeback. Our recovery experts can offer legal advice and support. All you have to do is contact our chat agents and book a free consultation.

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