When you read Prime Capital reviews, you may wonder if it’s a scam or an honest company. You may also wonder whether it’s transparent and regulated. Luckily, there are many resources to help you make an informed decision. Here, we will take a look at the pros and cons of the company and its trading robot. IPC is a foreign company that claims to offer trading services in forex, CFD, and cryptocurrency. According to the British Columbia Securities Commission, IPC is a scam. It is a foreign company that uses the credentials of a legitimate Australian company.
Trade With Prime Capital
The first step in protecting yourself from fraudulent activities on the internet is to do your due diligence. This means finding out who owns the forex broker you’re considering using. You may be interested in learning more about the broker’s credentials, including regulatory status. Then, make sure that you can contact them directly. You can do this by phone or email.
Unlike most other forms of financial trading, forex transactions are not regulated by the SEC. As a result, you may not have a clear picture of where your money will end up. This means that if you deposit money into a broker-dealer’s account, you may not be able to find out where that money is being held. Prime Capital Invest is a fraudulent trading platform according to prime capital reviews. It claims to be a subsidiary of ETX Capital, which is a fraud. ETX Capital is blacklisted in Canada and another fraudulent broker was recently blasted by the Financial Conduct Authority. Both scams have similar characteristics. One is the fact that Prime Capital Invest claims to be a subsidiary of ETX Capital, but is actually a clone.
The company is not transparent, and there is a high risk of losing money on this trading platform. It makes claims such as 40% ROI, which is impossible to achieve in any legitimate investment. In addition, there is no way to determine if the investment will be profitable in the long run. Another suspicious aspect of Prime Capital is that it is registered with the MSB, but is not a legitimate broker.
Review On Prime Capital For Trader
Despite the enticing name, the IPC is not a profitable trading robot. The main problem is that its terms of service include a clause that places the responsibility for losses on the investor. The company also states that customers should accept the inherent risk in trading financial products on margin. This makes sense, because trading is a risky activity, and the customer must accept all risks associated with the financial products. The terms of service also state that IPC will not pay any profits if customers lose money trading margin.
As for the IPC’s licensing, it was found that it was operating under the credentials of an Australian company, Intelligence Prime Capital Financial Advisory Pty Ltd. This company is listed on the Central Bank of Russia’s website as an illegal investment company. The company also alleged that IPC had stolen its credentials from the regulator, ASIC. Prime Capital has been under fire recently for offering investment services without being licensed or regulated. This company is based in Toronto, Canada and claims to offer forex, CFD, cryptocurrency, and equities trading. However, in a recent report, the Canadian securities regulator published a warning about IPC, which reportedly operated illegally and hoodwinked unsuspecting clients.
The nonfarm payroll report is one of the most important news items on the Forex calendar. Traders follow it closely to determine how the economy is doing. It can cause significant volatility, so new traders should practice their trading before the critical day. It is often the most important news of the month, and it can influence the direction of currency prices. The non-farm payroll data is released at 8:30am New York time on the first Friday of each calendar month.
The Bottom Lines
Prime Capital claims to be a new and innovative trading platform that enables investors to earn high returns on their investments. This is simply untrue. While it offers a variety of services, it is not a broker that should be trusted in forex trading. This company is a scam and should be avoided at all costs. Its impact has diminished over the past several months, but it is still one of the most important indicators of the health of the US economy.
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