This Annexa Prime review will analyze the broker’s operations, focusing on red flags and tips for recovering lost funds if scammed.
Annexa Prime Broker Overview
- Website: https://annexaprime.com/
- Website Availability: YES
- Headquarters Country: United States
- Owned By: Annexa Prime Limited
- Blacklisted by: Not recommended by the review website like Fraud Recovery Experts
- Domain Age:
- Name: ANNEXAPRIME.COM
- Registry Domain ID: 2703392528_DOMAIN_COM-VRSN
- Registered On: 2022-06-12T20:30:49Z
- Expires On: 2027-06-12T20:30:49Z
- Updated On: 2022-10-13T16:22:59Z
Annexa Prime, an online brokerage set up in June 2022, offers trading on various financial instruments such as stocks, indices, commodities, bonds, forex, and cryptocurrencies. The firm offers four types of accounts: Standard, Premium, ECN Pro, and VIP, with leverage as high as 1:1000 and spreads from 0 pips. They have a trading platform with access for desktop, Android, and iOS devices, with customer support promised 24/5 via phone, email, and online chat.
Regulatory Info Is Sparse
Among the issues in concern with Annexa Prime is the absence of regulatory oversight. The firm operates without authorization from any recognized financial regulatory body, throwing a considerable question mark as to its legitimacy and security of client funds. Associated dangers with trading with unregulated brokers can be fraud and lack of legal recourse when disputes arise.
Warning Signs and User Complaints
Several warning signs have surrounded Annexa Prime. According to ScamAdviser, it gets a very low trust score, indicating possible scam indicators. The site owner is secretive regarding his identity, web traffic is low, and other low-rated websites co-exist on the same server. Besides, it provides extremely risky financial services, such as trading in cryptocurrencies, which have a reputation for scams. User reviews also support these allegations, stating that they had problems with withdrawals and other scandals; one user stated that withdrawals became impossible after making multiple deposits and account upgrades.
Is Annexa Prime Safe?
The combination of a lack of regulatory oversight, negative user reviews, and multiple signs of risk makes Annexa Prime a high-risk platform. Potential investors should be highly cautious and perform full due diligence before engaging with this broker. These unregulated operations coupled with poor user experiences indicate that Annexa Prime is likely unsafe for trading.
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 Annexa Prime Broker Legitimate?
Using the following aspects, we try to confirm the legitimacy of Annexa Prime 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 Annexa Prime Broker?
If you got scammed by Annexa Prime 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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