Primotrade Review
9
Review
Fast Facts
Contact Info and Support
Traffic information
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| Ratings | Global Rank | - |
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| Engagement metrics | Visits | 0 |
| Bounce Rate | 0 | |
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| Estimated monthly visits | December 2025 | 0 |
| January 2026 | 0 | |
| February 2026 | 0 | |
| Traffic sources | Social | - |
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About Primotrade
Primotrade is not authorised by the UK Financial Conduct Authority (FCA) and is listed on the FCA warning list as providing financial services or products in the UK without authorisation; this means clients would not have access to the Financial Ombudsman Service or the Financial Services Compensation Scheme (FSCS) (). The firm uses the website primotrade.co and is registered at 8 Copthall, Roseau Valley, Commonwealth of Dominica, with email support@primotrade.co ().
Primotrade is not regulated by any recognised financial authority. It is owned by Malarkey Consulting Ltd., incorporated in Dominica, an offshore jurisdiction without effective regulation for forex brokers (). Analysts confirm the absence of licences from top-tier regulators such as FCA (UK), ASIC (Australia), CySEC (EU), and others ().
The broker offers leveraged trading purportedly up to 1:400, claims to provide more than 250 trading instruments including Forex, CFDs on commodities, cryptocurrencies, stocks and indices, with apparently five account types and a web-based platform (). However, there is no evidence of segregated accounts, funds protection, or negative balance protection ().
Several jurisdictions have issued warnings about PrimoTrade. The UK FCA flagged the firm as unauthorised (). Spain’s National Securities Market Commission (CNMV) included primotrade.co on its list of unregistered entities reported via international supervisors, noting no affiliation with any legitimate registered entity (). Additionally, Ukraine’s securities regulator (NSMC) issued a warning citing potential fraudulent activity due to weak oversight (). In 2021, Ukraine’s NCSPFR also listed PrimoTrade among online investment projects with signs of fictitiousness ().
Pros and cons
Pros
- Claims to offer a wide range of trading instruments and high leverage (up to 1:400) ().
Cons
- Unauthorised by the UK FCA; trading via this firm lacks FSCS and ombudsman protection ().
- No regulation from reputable authorities; registered offshore in Dominica ().
- No client fund safeguards such as segregated accounts or negative balance protection ().
- Multiple regulator warnings: FCA (UK), CNMV (Spain), NSMC (Ukraine), NCSPFR (Ukraine) ().
