Broker Review

Unauthorised Firm Details

Name: Primarkets.io
Website: www.primarkets.io

Primarkets.io is an online trading platform that provides access to various financial instruments, including forex, cryptocurrencies, stocks, commodities, and indices. Despite presenting itself as a comprehensive trading solution, there are concerns regarding its legitimacy and regulatory status.

Regulatory Warnings

Primarkets is not authorized or registered by the UK’s Financial Conduct Authority (FCA). The FCA has issued a warning stating that Primarkets may be providing financial services or products without proper authorization in the UK. Using such unregulated firms means consumers would not have access to financial protection schemes if issues arise.

The Australian Securities and Investments Commission (ASIC) has also issued an investor alert, indicating that Primarkets is unlicensed in Australia and may be offering investments without proper authorization.

Conclusion

Due to the lack of regulatory oversight from reputable financial authorities, along with mixed user experiences, potential investors should exercise caution when using Primarkets.io. It is advisable to research thoroughly and consider alternative, well-regulated trading platforms to ensure the safety of investments and personal information.