Primequity appears to be a fascinating yet contradictory broker, claiming over 9 years in the business, more than 40 awards, 6 offices, and 24,000 active clients. Despite these impressive figures, online reviews are scarce and sometimes the information provided is inconsistent; one section of the website might say one thing, and another something entirely different. The company does not provide any evidence to back up these facts. Additionally, the business model and any licenses are not disclosed. So, what is this organization really about? Can it be trusted? We will delve into this further to find out.

How to Trade

Primequity offers the opportunity to trade CFDs with leverage up to 1:1000, and the minimum deposit required to start is $250. Traders have the option to try out a demo account, a feature mentioned in the FAQ section.

The broker provides 7 different types of accounts, which are divided into two categories:

  1. Floating/fixed spreads.
  2. STP/ECN accounts.

With Primequity, traders gain access to a variety of markets, including forex, metals, indices, stocks, commodities, and cryptocurrencies. The platform supports micro-lots starting from 0.01, offers assistance from a dedicated personal manager, a swap-free option, and a dealing department transaction hotline. The better the account type, the lower the spread. Additionally, there is a commission fee for transactions.

The leverage of up to 1:1000 hints at a lack of license, as regulators prohibit brokers from offering such high leverage.

Primequity Vital Info

The firm asserts that it has been in operation for over 9 years, but it has a very fresh domain, registered on August 18, 2023. It raises questions about how Primequity has been providing brokerage services all this time. Furthermore, it is worth noting that no legal documents are uploaded on the website, and online reviews are so sparse that it is genuinely difficult to believe in such a lengthy operational period and the claimed number of active clients.

The exact registration location of the company remains unknown since no legal address is provided. The website mentions 6 offices, but fails to specify their addresses or even the countries they are located in. Licenses are completely disregarded, meaning Primequity operates without regulation. Overall, the organization appears secretive and opaque. Various facts are stated, but there is a lack of proof, and crucial details such as the address and licenses are completely concealed.


What are the key facts about Primequity?

Trusting the facts presented on the website is not recommended, as they seem highly contradictory. The domain of the website is very fresh, created only in August 2023. Licenses, legal addresses, registration documents, and details are all missing, indicating that the broker operates illegally.

What's the risk to my wallet when working with this broker?

Any brokerage firm is obliged to disclose information about its registration location. Moreover, a broker must obtain a license in the jurisdictions where it offers services. Primequity has done neither. Trading here is highly risky. Traders may face problems due to unfavorable conditions and blatant manipulations by the firm and its employees. Not to forget, there could be issues with withdrawing money, as an unregulated organization has no reliability guarantees, and could deny withdrawal requests at any moment.

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