FintechPrime Review is Fin-techprime.com Scam or Legit Broker

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    1st Place! Best Binary Broker 2020!
    Best Choice for Beginners — Free Education + Free Demo Acc!
    Sign-up and Get Big Bonus:

  • Binomo
    Binomo

    2nd place! Good choice!

Fintech Prime Review

Fintech Prime was an unlicensed Crypto Currency & Forex CFD broker, which opened in October 2020, and is now closed.

For withdrawal problems and complaints, read this.

Fintech Prime Review

Fintech Prime gives their investors a trading platform for CFD and Forex trading called TraderSoft. Available for trading are hundreds of underlying assets from Crypto Currencies, Stocks, Commodities and Market Indices. It is interesting to note that no Fiat Forex Pairs were available on their trading platform. The spread on BTC/USD contracts was $60 during our review.

This broker only offers their web based desktop trading platform. We did not see mobile apps or MT4 available.

Minimum deposit for a new trading account starts at 250 Euro, and offers zero spreads but a 6% commission.

Fintech Prime License & Regulation

When Scam Broker Investigators reviews a new Crypto or CFD trading broker, to determine if they are a legit broker or a scam broker we look for a license. Are they licensed and regulated by a competent government financial regulator like the F.C.A. in United Kingdom.

Fintech Prime is not a licensed broker. On November 7th 2020, the FCA warned investors about this company, read more.

Fin-TechPrime.com is owned by Morgan Ltd , which is located at: ul. Maragidik 6, Floor 3, Apartment 6, 1505 Oborishte, Sofia, Bulgaria. Their phone number in Bulgaria is: +359 5294 0381. Customer support email address is; [email protected]

When choosing a new Forex broker, it is very important to verify that they are in fact licensed for investors from your country of residence. Trading with a licensed broker ensures you will not have issues withdrawing your money, read more.

Compare Fintech Prime

You can pick from hundreds of Forex brokers online, but traders usually choose one of the best brokers, listed here.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    1st Place! Best Binary Broker 2020!
    Best Choice for Beginners — Free Education + Free Demo Acc!
    Sign-up and Get Big Bonus:

  • Binomo
    Binomo

    2nd place! Good choice!

ForTrade is a popular broker that is licensed and authorised in England by the FCA, look here. Try a Free Demo Account on their custom trading system, register here.

What was your experience like investing with Fintech Prime? Please leave your review in the comments below.

FintechPrime Review: is Fin-techprime.com Scam or Legit Broker?

As you might know by now, there are many brokers that you can use when trading online. However, finding the right brokers are really hard and can have some catastrophic results if you don’t use the best and most recommended brokers on the market.

This is where Fin-TechPrime comes in. This is a broker that is known to be not recommended at all. Not by traders and for sure not by regulators. It is essential that you should know the main reasons why this isn’t the best brokers to use. And, it is important to get as many information about them as possible. This is everything you need to know about Fin-TechPrime.

Brokers info

There isn’t much information about Fin-TechPrime brokers to show that they are recommended. One of a few things that we do know about them is that they are forex and CFD traders with different cryptocurrencies available.

There are a couple of telephone numbers that you can phone as well, for getting as much info as needed about the brokers. The domain looks legit as well. However, because there isn’t much other information about the brokers, it is safe to say that they aren’t recommended at all. You need to make sure that the brokers aren’t an offshore broker and that you can trust them.

Registered and regulated

Another thing that you should know about Fin-TechPrime is if they are registered and regulated. Because of the lack of basic address information, we can say that they aren’t registered.

No registered company won’t have an address published. And, you will know the country of origin if the company is legit. With Fin-TechPrime, there isn’t any information about the address. Meaning that they aren’t registered. If they aren’t registered, they will not be regulated as well. The most important part of using a broker is to look if the broker is regulated. And, with these brokers, it is safe to say that they aren’t regulated or licensed.

Good things about Fin-TechPrime

There are one or two great things about Fin-TechPrime that is making traders believe that they are trustworthy. The first good thing about them is that they offer a huge variety of cryptocurrencies. Meaning that your chances to make a profit is much higher.

The amount of payment options available is also great. They make sure that you can use any payment options that are available to you, to deposit the money into their account. This is basically the only good things about Fin-TechPrime that you can make use off. But, this isn’t enough to say that they can be trusted.

The account options and minimum required a deposit

When it comes to the accounts, there are a large variety of account options that you can choose from. In fact, there are a total of 6 different accounts. However, there isn’t a demo account, and the required deposit is really high. It starts at $250 and goes up to $150 000. It depends on the type of account that you are going to consider.

Without a demo account, you will not be able to know for sure that they can be trusted with the money that you are planning to deposit. The required deposit is really high and this is making it risky to use. Making them not recommended to be used.

No MT4 platform

If you are experienced in trading, you will know that the most important thing about trading is the platform that you are using. The better the platform, the better the chance of succeeding. You might also know that MT4 and MT5 are the two platforms that are the best and most recommended platforms to use.

And, this is the two platforms that aren’t available with Fin-TechPrime. In fact, they are using a platform that is relatively unknown. Making it dangerous to trade.

Unusual fees that traders need to pay

Yes, there are some fees that you need to pay when you are using brokers. However, the one thing that you should know is that these fees should be standard fees. With Fin-TechPrime, there are some fees that are unusual and not normal fees to pay.

Meaning that you are going to pay a lot of fees for using these brokers. You might even pay them more than what you have in your account. This is a sign that they are only brokers, to get access to as much money as possible.

What are regulators saying about Fin-TechPrime

Every regulator is saying that it is dangerous and risky to make use of Fin-TechPrime. And, that you as a trader, should not even consider using them. There are many things about them that are making them dodgy to use. From the lack of company information to the high required deposit and the fees payable. Regulators are warning traders about using Fin-TechPrime and there are even regulators that have blacklisted them as brokers.

Fin-TechPrime. They are brokers that you can use to trade forex or CFD. However, there are many signs that they aren’t legit. With this full and honest review, we proof that using them is dangerous and that you should not consider using them in any way. There are better and more recommended brokers out there.

Get your money back NOW !

Fill out the form below and get a FREE consultation today

Fin-Tech Prime Review

Fin-Tech Prime

Reason to avoid: Offshore license

Listed Date: November 6, 2020

Top 3 Forex Brokers

Alpari Review

FXTM Review

FP Markets Review

  • Our Review
  • Fin-Tech Prime User Reviews
  • Fin-Tech Prime News

Beware Fin-Tech Prime is a Non-Regulated broker. It is NOT SAFE to trade.

  • Company name: General Media OU/Morgan Holdings Ltd
  • Registration/license: Estonia/Marshall Islands
  • Registration/license requirement: USD 2,000

Fin-Tech Prime is a Forex and cryptocurrency broker and a trading name of General Media OU, located in Tallinn, Estonia. There are two more names behind this brand – Morgan Ltd., located in Bulgaria and Morgan Holdings Ltd., located in the Marshall Islands. However, the broker is not regulated by Estonian Financial Supervision Authority or Bulgarian Financial Supervision Commission, which only proves that Fin-Tech Prime is another unregulated offshore broker in the list.
Moreover, UK’s Financial Conduct Authority has issued a warning against the broker:
“This firm (Fin-TechPrime) is not authorised by us and is targeting people in the UK. Based upon information we hold, we believe it is carrying on regulated activities which require authorisation.”

We strongly advise you to only deal with financial firms that are authorized by respected and trustworthy regulators. In order to check if the chosen broker is authorized by the FCA, you can check its Financial Services Register to ensure it is. But if you are still searching for a well-regulated broker, check our list of the FCA-regulated brokers.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    1st Place! Best Binary Broker 2020!
    Best Choice for Beginners — Free Education + Free Demo Acc!
    Sign-up and Get Big Bonus:

  • Binomo
    Binomo

    2nd place! Good choice!

Like this post? Please share to your friends:
Binary Options Trading Wiki
Leave a Reply

;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: