The next step in the blacklist of fraudulent brokers is PrimeBit, which offers P2P trading in several asset classes. The main specialization of the project is cryptocurrency. Several other markets are also available. That's just whether it is worth cooperating with these comrades - we will analyze in the review.
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PrimeBit: is it possible to withdraw funds from a scam broker
PrimeBit scam brokers. Site analysis
The PrimeBit site does not differ from the projects previously reviewed on binarybets.ru either in design frills or in content. The generic structure is supplemented with standard promises. In general, everything we like. Their prices are slightly higher than similar sites. But, obviously, the age of the domain name has affected. Because it was created at the beginning of the 21st century.
The main page structure includes the following blocks:
- a header with registration buttons, a list of available languages for displaying pages and USP;
- available assets;
- presentation of the trading platform;
And that is all. The footer contains a site map, registration information and social media buttons. At the very bottom is the traditional risk warning. Let's check the official information.
Fraud broker PrimeBit: licenses, registration
We remind you that the information that we voice in our reviews is purely our opinion, based on an analysis of official information provided by the company, as well as reviews. You can always share your experience in a particular project in the comments.
The place of registration of a broker can tell a lot. And if a company chooses offshore zones as a “place of registration”, this is already a reason to be wary. Comrades from PrimeBit are registered in Saint Vincent and the Grenadines - the famous haven of scammers and crooks of all stripes. This is a kind of Tortuga among "bona fide brokers", where stolen money is stored and sawed.
And when you consider the fact that PrimeBit didn't bother to leave any address other than a small online chat widget, that should raise twice as much suspicion.
In addition, it is a well-known fact that the regulator of this republic has not licensed any brokers for a long time.
There are no our monitored and in the database of the Russian regulator. But the PrimeBit platform is clearly aimed at working with Russian-speaking traders.
And finally, a little about age. Although the comrades from PrimeBit claim to have been working since 2019, they washed down the site in 2020. This is evidenced by an entry in the web archive.
At the same time, the cost of the site did not increase much during this time. And before that, there was a completely different project here, because the domain was created back in 2005, when nobody really heard anything about trading (see the first screenshot in the article).
Therefore, we can conclude that the organizers of the site do not care much about promotion. Which is also suspicious.
Brokers (scam) PrimeBit. Legend
According to legend, PrimeBit was born in 2019, initiated by a team of professional traders who share a passion to improve the world of online cryptocurrency trading. Among the benefits of cooperation:
- low spreads and commissions;
- leverage up to 1:200;
- simple and fast transactions;
- convenient, intuitive and easy-to-learn platform.
Upon registration, traders receive a welcome bonus of up to $80.
And you can earn extra money through the affiliate program.
PrimeBit does not have specific tariff plans, as on other similar sites. Although, apparently, there is not much difference in how much you invest in a deposit. After all, we are dealing with an anonymous company. This means that the risk of a complete loss of all funds on the deposit is extremely high.
This opinion is confirmed by the information from the next section.
PrimeBit Fraud Broker Reviews
PrimeBit has already managed to collect quite a lot of different reviews. Most of them are negative. This once again proves that our version of the anonymous offshore company is correct.
Is it possible to get money back from a fraudulent broker? It is easier to prevent their loss by reading our reviews and checking the information that scammers post. If you have been deceived by a fraudulent PrimeBit broker, leave comments below this article. Perhaps it is your review that will save someone from losing money.
Summary: PrimeBit scam broker, how to get your lost money back
Knowing how scam brokers work, let's summarize what we managed to find out about PrimeBit. So, the office has the following signs of a scam:
- typical site structure, cheap price tag with a large domain age;
- lack of clear contact information;
- lack of regulation, including licenses from the Central Bank of the Russian Federation;
- the presence of negative reviews.
We do not claim that our reviews are the ultimate truth. But we only give an opinion on the main features that define scammers. Based on our assessment, we can safely assume that withdrawal of funds from PrimeBit scam broker - impossible.
If you are a victim of PrimeBit and don't know how to get your money back from a fraudulent broker, leave your email in the form at the beginning of the article. We will send you a step-by-step, illustrated plan of action to help you get a refund from a fraudulent broker.