Primeforex.net Review: Bad & Ugly Exposed- Scam!
Prime Forex Reviews: Primeforex.net claims it is into forex trading but in reality it is just a HYIP. Our review of primeforex.net serves as an eyeopener. We hope it meets you well, and on time.
With online scams springing up every day, we have taken the responsibility of reviewing products, stores, websites e.t.c in order to save you from making wrong decisions.
What is Primeforex.net
PrimeForex is an investment platform that claims that lots of people have made a fortune from their various investment plans. According to the information on this platform , they have been operating since August 2016, and have more than 162 total accounts.
They further claim that they use serious DDOS protection and a powerful server to provide their services.
How true is this? Can you earn money from this investment platform?
We would be answering that question soon enough.
Prime Forex Plans and Withdrawal
This Prime Forex offers fours investment plans:
- 15% after 24hours- $20 minimum deposit
- 40% after 48hours- $500 minimum deposit
- 100% after 72hours- $1000 minimum deposit
- 150% after 7days- $2000 minimum deposit
They accept the following method of payment- Payeer, Perfect Money, Bitcoin e.t.c
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How Does primeforex.net Work- What Do They Use Your Funds For?
This should be the first question you should ask before thinking of registering in any investment platform. What are they using my funds for? How are they able to get the profits they’re promising?
We found the answer to this question on primeforex About Us page, however their response is not tangible enough.
” Primeforex.net is a secure investing firm which has prudential long term plans. We do not want to mislead you saying that we will give very high dividends however, you can be certain about the fact that you will get dividends for long years. Our goal is to provide dividends to all clients for long years. We are buying and selling reliable shares we determine on the world stock. We also make profit buying and selling goods and gold. We always follow the market”.
This sounds promising, beautiful even, but is PrimeForex really into all these? The returns they offer is unbelievable, impossible even. We know the stock, commodities, foreign, crypto and gold trading exchanges involve a high level of risks and loses.
How do they intend to pull this ‘acclaimed success’? do they have a magical wand?
The Truth About Primeforex.net
Though they claim they use your money to trade the Forex market, stocks and all that. We are sorry to disappoint you. This is not how this platform works. They are just feeding you well scripted lies.
primeforex.net is simply a HYIP- High yield investment platform. What this means is that it offers unsustainable returns which no right thinking investment platform would do.
In case you don’t know what HYIP’s are, they are simply ponzi schemes fashioned to look like investment platforms. Initial investors only get paid when new people sign up and invest. In order to keep platforms like this running, the high returns are used as a bait to pull you in.
Those that benefit most times are the first investors. This is because as soon as the amount of new investor drops, the owners do away with the money invested. HYIP’s are unsustanable, infact no right thinking person would advise you invest in a high yield investment platform. This is because the chances of you losing is 20 over 80.
Why PrimeForex Is Not Worth Your Money
If you’re still considering doubling your money with primeforex.net , below are reasons why you should not do so.
Anonymous Lots
After a thorough background search on who the owner/owners of this platform is, we came up with absolutely nothing. This alone is an indication that the people behind this platform don’t have genuine intentions. If they do, they wouldn’t be hiding their details from whois.
Unpredictability
Because this platform is a HYIP, you can’t predict what their next move would be. They might decide to shut down their platform today, leaving your money trapped. That being said, your money is always at risk with HYIP’s like this.
There are No Watch Dogs Watching Over This Platform
Though some of these platforms might provide a registration certificate and so-called evidence of payments, don’t be deceived, anybody could get a sham address and certificate most especially from the Company House in UK which most of them use, for just £5. In the real sense, they are not regulated. No Financial Body approves their services.
No Social Media Presence
Though this investment platform claims it has been in existence since 2016, they don’t provide links to their social media pages. There is absolutely nothing to make us believe they have such a history.
Even when we checked Facebook, we found absolutely nothing about this investment platform. Likewise on google. If they are really what they claim to be, a lot of investors would have been writing stuffs about them online.
Investors Reviews Of Primeforex.net
As part of our investigation, we decided to dig deep into the internet to see if we could stumble on genuine customer reviews. We did find not one, but two, on Trustpilot.
This is the truth about PrimeForex investment-
Primeforex is not paying anymore, I was made withdrawal since yesterday I never see my fund and they tell me to redeposit to active automatic payment on my account
TrustPilot
Primeforex.net Scam Review: Our Findings
Notwithstanding how legit this platform looks, they are not to be trusted. This is because they have a very short span, they are not licensed, and no one can tell what their next move would be.
Our Recommendation
There are lots of online investment opportunities which could fetch you money and give you a good Return On Investment. We’ve taken out time to research on legitimate platforms for you.
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