According to its website, it is located in the Netherlands. Upon investigation, no matching information was found in the Netherlands Authority for the Financial Markets (AFM). It also claimed that the company was established in 2021, but after checking, it was found that its domain name was not created until 2025, which is a suspicious signal.In addition, the Financial Conduct Authority (FCA) issued a warning against Primarkets, believing this company might be providing financial services or products without proper authorization in the UK.
In essence, Primarkets is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. Primarkets appears to be a scam.