- Jul 26, 2026 BrokersView has found that Primerdroid Algotrade appears to be a scam
Primerdroid Algotrade claims to be authorized by the Cyprus Securities and Exchange Commission(CySEC) and the Seychelles Financial Services Authority (FSA). However, our search of the official CySEC and Seychelles FSA licensee register found no record of it or the stated licence. This discrepancy strongly suggests that the firm’s regulatory claims are inaccurate or deliberately misleading.
Besides, Primerdroid Algotrade does not provide any other licensing information. Until verifiable evidence of legitimate authorization is provided, we assess Primerdroid Algotrade as a likely unlicensed or fraudulent broker and advise extreme caution.
Primerdroid Algotrade claims to be authorized by the Cyprus Securities and Exchange Commission(CySEC) and the Seychelles Financial Services Authority (FSA). However, our search of the official CySEC and Seychelles FSA licensee register found no record of it or the stated licence. This discrepancy strongly suggests that the firm’s regulatory claims are inaccurate or deliberately misleading.
Besides, Primerdroid Algotrade does not provide any other licensing information. Until verifiable evidence of legitimate authorization is provided, we assess Primerdroid Algotrade as a likely unlicensed or fraudulent broker and advise extreme caution.
- Jul 19, 2026 The FCA issues a warning against Primerdroid Algotrade
On Jul 20, 2026, the Financial Conduct Authority (FCA) issued a warning against Primerdroid Algotrade, believing this company might be providing financial services or products without proper authorization in the UK. You may visit: https://www.fca.org.uk/news/warnings/atbprimerdroidscriptspro
On Jul 20, 2026, the Financial Conduct Authority (FCA) issued a warning against Primerdroid Algotrade, believing this company might be providing financial services or products without proper authorization in the UK. You may visit: https://www.fca.org.uk/news/warnings/atbprimerdroidscriptspro
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