Find out if we recommend Primefinan X for trading in the following review. This review of primfinanx-flow.com is intended to dispel any concerns.
Table of Contents
Primefinan X: Who are they exactly?
A review of their website reveals that they are not regulated by any organization.
This is a HUGE WARNING SIGN!
This should be a sufficient reason not to invest in them.
In addition, they collaborate with websites that offer
“automated trading software,” which is another red flag because this type of website
is notorious for being involved in fraudulent schemes.
Therefore, Primefinan X is just another unregulated forex broker.
which means that customers are not protected, and it is highly likely that they will get away with stealing your hard-earned money because there is no regulatory body to hold them accountable.
How do they operate?
Unregulated forex brokers typically conduct business as follows:
They will call individuals to convince them to make the initial minimum deposit by any means possible.
They offer deals that seem too good to be true, such as “we will double your initial deposit” or “you can earn $100 per day with little effort.”
Please disregard everything they say!
This is a ruse!
After making the initial deposit, victims are transferred to a “retention agent” who attempts to obtain additional funds.
Withdrawal of funds
Since your funds are never secure with an unregulated broker, you should immediately submit a withdrawal request.
Here is where the situation becomes complicated.
It makes no difference whether you have profits or losses if you wish to withdraw your funds; both will delay the process by months.
If they delay it for six months, you will be unable to file a chargeback, and the money will be lost permanently.
No matter how often you remind them or insist on withdrawing it, you will not receive your money back.
And if you sign the Managed Account Agreement, or MAA, which essentially grants them permission
to do whatever they want with your account, they will lose all of your funds,
so no information will be provided.
How can you retrieve your money?
If you have already deposited money with them and they refuse to return it, which is highly likely,
Don’t be afraid; there may be one or two ways to retrieve your funds.
Keep the emails as evidence that you have requested the money back from them, but they have not refunded it or have delayed the process with the intent of not refunding the money.
The initial action should be a chargeback!
And you should act without delay!
Contact your bank or credit card company and explain that you were tricked into depositing money with an unregulated trading company, but they refused to return the funds.
This is the easiest way to get your money back, but also the most damaging to their reputation.
As a result of the high number of chargebacks, their relationship with payment service providers will be
harmed.
If you have never prepared a chargeback case before or are unsure where to begin or how to present your case to your bank or credit card company, we can assist you.
What about wire transfers?
There is no way to initiate a chargeback if you sent a bank wire payment.
You must increase the difficulty of the battle for this step.
Inform them that a formal complaint will be filed with the appropriate authorities.
Thus, they will reconsider the refund option.
You can also compose a letter or send an email to the regulatory agencies.
Depending on your location, you can use Google to locate
the Forex broker regulatory agency in your country.
You can then write a letter or send an email describing how they deceived you.
If they do not refund your money, you must present them with this letter or email and inform them that you will report them to the appropriate regulatory agency.
If you do not know where to start, please email us at info@cryptomedia.ai, and we will assist you with this step as well.
Be sure to leave reviews of Primefinan X on other websites.
A second method of harming them and preventing others from becoming victims is to post negative reviews on other websites and briefly describe the incident.
Please leave a review and a comment in the site’s comment section if you have been a victim.
Also, when these people change their website, they tend to call old clients, so if they call you from a new website, please leave a comment or contact us.
We and families around the world would greatly appreciate that.
In addition, if you receive calls from other businesses, please leave their names in the comments or send them to us.
They will also be exposed.
How do I trade with Primefinan X?
To start trading, the client needs to sign up for an account and then put money into it. There is mention of a demo account, but it is not clear how to open it. Also, the company might want to see verification.
Is Primefinan X legit?
There are no other licenses, and we have discovered that the firm is under the control of a fraudulent financial commission. Therefore, the broker’s activities are illegal.
How risky is it?
You shouldn’t do business with illegal companies. Primefinan X is a sure way to lose money because the company has no licenses, tricks people, and does business illegally.
Review Conclusions
It is our pleasure to write this Primefinan X review.
and we hope to prevent as many individuals as possible from losing their hard-earned money.
Before engaging in a transaction with any Forex company, or any other company for that matter,
it is prudent to conduct extensive research.
We hope you found our review of Primefinan X helpful.
Please contact us at info@cryptomedia.ai if you have any questions or need help with the withdrawal procedure.
If you wish to trade, please read about our recommended trading platforms and register with one of the reputable, regulated brokers listed on our website.
