Prime Chain Markets

After reviewing Prime Chain Markets, we assess it as a high-risk, likely fraudulent broker. Below we break down exactly why, and what your options are if you have already deposited.

Who is Prime Chain Markets?

On the surface, Prime Chain Markets looks like an ordinary forex and crypto broker. Its public site is presented at https://www.primechainmarkets.com/. But surface impressions are exactly what these operations rely on — the substance behind Prime Chain Markets is where the problems begin.

Is Prime Chain Markets regulated?

We could find no evidence that Prime Chain Markets 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

• No verifiable licence from a recognised financial regulator
• No credible physical address or verifiable corporate record
• Opaque or anonymous corporate ownership
• Withdrawals reportedly blocked behind “taxes,” “fees” or account “upgrades”
• Aggressive “account managers” coaching clients to deposit

Our analysis

On 8 Nov 2022, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Prime Chain Markets was providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/prime-chain-markets

Can you recover money lost to Prime Chain Markets?

If you have deposited with Prime Chain Markets, 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.