ANSWER Primotrade is an UNREGULATED offshore broker. This broker claims to be owned and operated by Malarkey Consulting LTD, a company registered in Dominica. As an offshore zone, Dominica does not require minimum capital requirements that shows company sustainability, nor does it regulate forex services and activities. Therefore, the Dominica-based brokers don't adhere to strict laws and principles of operation, resulting in a certain risk to deal with them as the traders investing in offshore brokers will not be protected by law and not be compensated in case of insolvency. What's worse, the UK regulator FCA has added Primotrade to the alert list to warn the public that this firm is not authorised to provide the investment services in the country. You can check full alert or warning here. We would recommend you to stay away from Primotrade and any other unregulated brokerages, since they are not subject to necessary laws and principles of operation, resulting in a high risk to trade with them.
查看更多
