Clients Allege Be Prime Broker Is a Scam—BrokersView Investigates

As part of its ongoing efforts to protect investors and promote transparency, BrokersView actively exposes unregulated brokers and uncovers broker fraud through client complaints and reviews. The latest case under scrutiny is Be Prime Broker, a trading platform registered in Saint Lucia, which faces widespread boycotts from clients for alleged misconduct, account manipulation, and denial of withdrawals.

Client Allegations

A client accused Be Prime Broker of closing her account without warning, disputing its claim of a liquidation resulting from a 5% drawdown. The firm allegedly failed to give a technical explanation and erased evidence of her complaint. The client warned that the platform lacks transparency and accountability.

Clients reported sudden account closures, blocked access after profits, and ignored withdrawals. Some warned that the broker lacks a valid license, has no real office, and may steal personal data.

Clients also accused Be Prime Broker of deceptive practices and sudden loss of access to funded accounts. One said the platform ceased operations in March 2025, erasing his account; another lost a $10,000 account after profitable trades. Traders also noted rebranding, domain changes, and silenced communication as signs of misconduct concealment.

Suspicious Ties to Defunct Prop Firm Be Funding

Several traders have flagged Be Prime Broker for its apparent connection to the now-defunct proprietary firm Be Funding, which faced widespread fraud allegations. We found that Be Prime Broker’s website design and content closely mirror those of Be Funding, suggesting a possible rebranding.

Be Funding’s website page, likely operated by the Be Prime Broker team

Notably, Be Prime Broker’s YouTube channel still references “Prop Firm (BE FUNDING)” in its “What Do We Offer” section, further reinforcing concerns about its operating history.

Be Prime Broker’s YouTube channel profile

No Regulatory Oversight

Be Prime Broker lacks any recognized financial regulatory credentials. It is registered only as an International Business Company (IBC) in Saint Lucia. Although a matching entity is listed in the Saint Lucia International Financial Centre (IFC) registry, this registration does not constitute a financial license. The IFC does not regulate or authorize forex trading activities.

Given no other licensing information presented, Be Prime Broker operates without oversight from any financial authority, posing a huge risk to investors' funds.

Conclusion

BrokersView urges investors to avoid dealing with Be Prime Broker and consider it a high-risk platform with strong indications of scam activity. 

Be Prime Broker has a presence on major social media platforms, with its Facebook account still actively updating. We advise against engaging with these accounts or their posts, as doing so may lead to unsolicited invitations to their Telegram group, a channel we consider high-risk for potential scams.

Beware: Be Prime Broker’s social media profiles

If you've fallen victim to financial scams or faced potential fraudulent practices or misconduct by your brokers, reach out to us through Submit a Complaint. The BrokersView team is dedicated to exposing scams, raising investor awareness, and assisting with dispute resolution between traders and brokers free of charge.