Attention! The company is suspected of fraud
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Basic information about the broker
Brokerage organization Prime Elements Limited does not provide a roadmap and does not report experience in the financial markets. However, the website contains information that more than 50 million traders from different countries of the world trade on this platform. Thanks to a specialized whois service, we found out that primeelementslimited.net has been active since the end of February 2024. This site is only a few months old. The organization provides fake awards and statistics.
The contact information on the platform is also completely useless. The email is fake, you will not be able to write a letter to traders. The phone number listed on the site also appears in the contacts of the Jelvix company, which specializes in software development, web design, and mobile application creation.
There is no information about top managers. The creators of the scan project prefer complete anonymity; they do not plan to bear financial responsibility.
Legitimate broker or not?
Prime Elements Limited positions itself as a regulated brokerage company that complies with international laws. Scanned copies of the license and certificate of incorporation cannot be found, but there is a registration document number on the website. An organization with this name actually exists; it became a beneficiary of the United Kingdom back in 2010. There was no fake Prime Elements Limited at this time. Fraudsters took advantage of the fact that the Companies House register has public access.
In addition, to legally provide brokerage services, the office had to obtain a license from the local regulator FCA. We checked the register of the British supervisory authority – Prime Elements Limited is not there.
How does Prime Elements Limited offer to earn money?
Prime Elements Limited offers the following conditions:
- 4 tariffs with a minimum deposit of 5,000 euros;
- a wide list of instruments – Forex base currencies, cryptocurrencies, stocks, energy resources;
- account replenishment and withdrawal of profit without commissions (when using cryptocurrency).
More detailed information must be obtained individually. There are no reviews from real users confirming the possibility of withdrawing profits. The company does not indicate regulations for financial transactions, payment methods, or commissions.
What do traders say in the reviews?
Reviews are only available on the Prime Elements Limited website, all of which are positive. The company artificially builds up its reputation in order to get other people’s money. Feedback from real users has not yet appeared.
Do you want to share your personal trading experience with Prime Elements Limited? Post reviews below our article to tell us about your cooperation with this company. Use the special form on the website for this.
How do they cheat at Prime Elements Limited?
Prime Elements Limited offers to install software for remote access. According to legend, this is necessary for learning and making profitable trades. However, scammers only want to gain access to the user’s personal account and his money. Immediately after this, they will create a technical glitch and steal all the trader’s savings. After this, scammers will stop answering phone calls and letters.
Let’s sum it up
Prime Elements Limited is a fraudulent organization. Scammers take advantage of the fact that there are no reviews from real users. This allows them to easily deceive traders. Be careful, don’t be fooled! We recommend finding another broker who will honestly fulfill the agreements. Pay attention to user reviews and the presence of legal grounds for activity.
