Our investigation into Primotrade found an operation with the classic markings of an investment scam. If you are weighing a deposit — or trying to get one back — read this first.
None found
High (4/4)
Undisclosed
Avoid — do not deposit
Who is Primotrade?
On the surface, Primotrade looks like an ordinary forex and crypto broker. Its public site is presented at https://primotrade.co. But surface impressions are exactly what these operations rely on — the substance behind Primotrade is where the problems begin.
Is Primotrade regulated?
We could find no evidence that Primotrade holds a valid licence from any recognised financial regulator. Trading client funds without authorisation is one of the strongest indicators of a scam — there is no regulator to complain to, and no protection for your money.
Red flags we identified
- Withdrawals reportedly blocked behind “taxes,” “fees” or account “upgrades”
- Account dashboards that show “gains” with no real market exposure
- No credible physical address or verifiable corporate record
- Unrealistic profit claims and pressure to deposit more
- Aggressive “account managers” coaching clients to deposit
Our analysis
The UK’s Financial Conduct Authority (FCA) added PrimoTrade to its alert list, warning that this firm may be providing financial services or products in the UK without our authorisation: https://www.fca.org.uk/news/warnings/primotrade.
Can you recover money lost to Primotrade?
If you have deposited with Primotrade, do not pay any further “fees” to withdraw — that is part of the trap. Funds sent to operations like this can sometimes be traced on-chain and pursued through the exchanges and processors that received them. Whether recovery is realistic depends on how you paid and how quickly you act.
Were you scammed by Primotrade?
You may still have options. Our team can trace where your funds went and tell you honestly whether recovery is realistic — with a free, confidential case review.
Start a free recovery review →Warning: never pay an upfront fee to anyone “guaranteeing” recovery. Cleverecovery does not guarantee outcomes.