Primary Crypto is a broker that claims to be an online investment firm offering cutting-edge services and the latest tools to help investors trade independently and with minimum risk.
Over the past couple of weeks, many novice traders have fallen into their trap hoping to find a legitimate solution for making investments over the Internet. But sadly, Primary Crypto is nothing more than a shady scam.
In this review, I will highlight the factors on the basis of which I can confirm that is not a safe operation to join.
Why are Brokers Important?
Brokers are an integral part of your trading experience. They are the counterparts that provide live information on the markets’ condition and get integrated with the investment systems you might use. That is why it is so important to choose a software platform that is compatible with reliable brokers. One exemplary system in this regard is the Crypto CFD Trader online platform.
How Does Primary Crypto Work?
Primary Crypto offers trading services via their web trading platform. According to them, their platform is suitable for those who are interested in trading digital currencies. But only two of them – Bitcoin and Ethereum. They don’t support the exchange of any other kind of currencies or financial assets.
Additionally, they are supposed to provide you with extensive educational material so you can learn and at the same time enhance your trading experience. Moreover, they claim to offer state-of-the-art trading tools and features that you can use risk-free to generate impressive returns from your investments.
Review Verdict: Primary Crypto Is Scam
On the surface, this investment company is making a lot of promises and claims and trust me they sound very convincing. But upon digging deeper, I was able to uncover some extremely shocking facts about the way they operate.
If you think trading with them will be a rewarding and fruitful experience, you need to think again. There is nothing about Primary Crypto that is going to appeal to you. Their platform isn’t easy to use. Their charting tools are hard to comprehend and most of their features are below average as far as performance is concerned.
The Sign-Up Process
This all-in-one trading solution doesn’t have anything useful to offer and this is the reason I don’t encourage any of you to sign up with them. But just for information purpose, I am going to describe briefly what their sign up procedure includes.
- You have to open an account by clicking on the Registration button at the right-hand corner of the homepage.
- Next, you have to choose an account type depending on how many Bitcoins you want to invest.
- Lastly, you can make investments using the tools and features available.
There is a difference between what you are told and what reality is. You are told you will have to hold your account in Bitcoin but you can actually deposit in Euro or Dollar. And there is a huge difference between depositing in a cryptocurrency and in fiat money.
I would like to mention it once again that Primary Crypto is not going to be the right trading partner for you and this is why you should not even consider completing the steps mentioned above.
Is Primary Crypto Legit or Scam?
When conducting my scam investigation, the first thing that I looked for was information on who owns the Primary Crypto system. Their domain was registered sometime in October 2017 and since whoever made the purchase opted for a privacy package, there is are no details available on who actually owns it.
On their website, they have mentioned their physical address, but this is again invalid and doesn’t belong to Primary Crypto. The service is completely anonymous and from my experience, I know how risky it is to send your funds to a mysterious account. In fact, you should never transfer your funds to someone whose identity is hidden.
Another thing that raises suspicion is that they don’t have a license to operate. As you must know, companies that provide any kind of financial or investment service should be licensed to operate legally. If they are not licensed, chances are high that they could be running an illegal operation which you certainly wouldn’t want to be a part of.
I also tried searching for reviews, but I did not find any that are positive. Instead, I came across some negative comments where traders have shared their concerns after using the Primary Crypto platform. Based on the information I have managed to gather, their platform doesn’t assist traders in making the right trading decisions. It is easier to lose your investment than to gain anything out of it.
Good to Know
Making payments with Bitcoins is extremely risky because they are non-refundable. So there is no way the sender can get the payment back. That is why you should carefully consider the chance of Primary Crypto to be a scam before proceeding further.
Account Types and Disadvantages
Currently, there are 5 account packages on offer. They include Mini, Silver, Gold, Diamond and VIP account. The minimum deposit for each account varies and so does the range of benefits and bonuses. Investors can deposit up to 2btc for the Mini Account and over 45btc for the VIP account.
Another thing that really disappoints me is the quality of support they offer. In their contact us section, they only have a contact form that you can fill out and send to them if you have any questions or concerns. I highly doubt they have a team to address immediate issues and problems.
They claim that with Primary Crypto you will be able to make use of advanced technology to execute successful trades. They also claim that they will help you generate significant returns from your investments. These are lies and they clearly indicate that Primary Crypto is a bogus option for investing in digital currencies.
I don’t recommend this solution at all and I suggest that you stay away from it if you want to save yourself the stress and headache of dealing with scam-artists.
Review Verdict: Primary Crypto Is Scam
Hello, I am Collin Tyusm. I am a Forex blogger. I have created my blog, because I want to help people learn more about Forex & CFD Trading Software and Bots.