This Global Prime Exchange review will analyze the broker’s operations, focusing on red flags and tips for recovering lost funds if scammed.
Global Prime Exchange Broker Overview
- Website: https://globalprimeexch.click/
- Website Availability: NO
- Headquarters Country: UNITED KINGDOM
- Owned By: NA
- Blacklisted by: Financial Conduct Authority (United Kingdom)
- Domain Age:
- Name: globalprimeexch.click
- Registry Domain ID: DO_7adb7f6d0a54ef4c93efa12891487453-UR
- Registered On: 2024-11-03T21:14:31.699Z
- Expires On: 2025-11-03T21:14:31.699Z
- Updated On: 2024-11-08T21:14:49.352Z
Global Prime Exchange makes its accessibility through audible avenues seen on the URL https://globalprimeexch.click/, and here sprouted a full-fledged trading platform, envisaging access to over 40,000 instruments diversified across asset classes. According to their site, some of the salient features on offer are free analysis tools, fast execution with zero commission, low minimum deposits, and a wide range of assets to trade. It also boasts leading prices within the industry, award-winning support, and regulations by the authorities of Switzerland (CH) and the United Kingdom (UK).
Inaccessible Website
Visiting users, however, might find it hard to access the website at times because it may not always be available. Such inaccessibility raises the important question of whether the platform can be viewed as genuine and, therefore, reliable and transparent- two qualities that potential users look for before getting into bed with any financial service.
Global Prime Exchange Received Warning from FCA
Warnings have been sent out to the effect that Global Prime Exchange is not approved to provide financial services or products in the UK by the UK’s Financial Conduct Authority (FCA). It cautions that such unauthorized firms may use a guise to victimize people within the UK and recommends the public avoid all dealings concerning such firms usually devoid of consumer protection.
Newly Registered Domain
Delving deeper into facts, it turned out that the domain https://globalprimeexch.click/ was registered on November 3, 2024. Add to that the recent registration date, warning by the FCA, and the recent inaccessibility issues, and we actually have serious questions as to whether Global Prime Exchange is a genuine platform.
Avoid These Popular Online and Financial Scams
Scammers have various ways to get into the minds of people and take away money from them. Here’s the list of scams:
- WhatsApp Scams: Scammers pretend to be officials, friends, or investment consultants. Their task is to lead the victim to invest in fake schemes or attempt phishing.
- Telegram Scams: Scammers create bogus groups and pose as real businesses to promote fraudulent investments, fake giveaways, and Ponzi schemes.
- Ponzi Scams: Their promise is of high returns and low risk, which is paid by new investors to earlier ones until the scheme collapses.
- NFT Scams: Scammers create bogus NFT projects, artificially inflate the price of NFTs, or simply dupe buyers into purchasing worthless digital collectibles.
- Amazon Scams: Fake Amazon representatives trick users into leaking personal details via fake order confirmation emails, refund scams, or phishing websites.
Is Global Prime Exchange Broker Legitimate?
Using the following aspects, we try to confirm the legitimacy of Global Prime Exchange Broker:
- Regulation Status: Legitimate brokers are regulated by the SEC, FCA, or ASIC. The lack of regulatory information is a big red flag.
- User Reviews and Complaints: Complaints from dozens of investors regarding lost funds and withdrawal issues point to scamming.
- Transparency and Credibility: Lack of company data, hidden fees, and misleading terms are signs of fraud.
How to Get Funds Back from Global Prime Exchange Broker?
If you got scammed by Global Prime Exchange Broker, these steps might help you recover your funds:
- Report to Your Bank or Payment Provider: Refer to transactions made without your permission and file a chargeback request.
- Collect All Evidence: All communications, transaction receipts, and screenshots should be consolidated as proof of the scam.
- Complaint Registration with Financial Authorities: Report the scam to the regulator within your country.
- Consider Seeking Professional Help: Recovery experts can follow the money trail and launch a lawsuit against the fraudulent brokers.
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New fraudulent schemes targeting traders are something we are constantly keeping an eye on across the internet. Having gathered data on scam brokers for over ten years, we hardly can think of any other untrustworthy company in the market. Information about the scammers is provided below from our List of SCAM Brokers.
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