PrimeOakmont Review: Check These Scam Broker Characteristics

PrimeOakmont Review is a shady investment broker that preys on the unwary. This firm is a shining example of the warning signs of an investment scam. It showcases characteristics such as requiring deposits through crypto, spouting false statements about the company, and operating without regulation.

Now, let’s delve deeper into the PrimeOakmont review and uncover the reason for their sudden disappearance. Stay tuned! 

License and Funds Security at PrimeOakmont

PrimeOakmont is a broker that claims to be based in Seychelles. However, upon researching regulators such as the Financial Services Authority and Tier 1 license providers like the FCA, BaFin, and CONSOB, there is no evidence of PrimeOakmont being regulated. 

The broker has provided phone numbers for so-called addresses in the UK, Poland, and Canada. Yet, it has not obtained a license from any Canadian regional authorities or IIROC.

Trading companies need to be authorized and regulated. This goes without saying. However, PrimeOakmont’s lack of regulation raises suspicions about its legitimacy and commitment to the safety of funds.

In addition, PrimeOakmont’s leverage of 1:1000 stands against the regulations set by ESMA and most global license providers. They limit the leverage on crypto assets to 1:5 due to their high volatility.

It’s worth noting that PrimeOakmont has been blacklisted by the British Columbia Securities Commission and the Ontario Securities Commission. This is despite their bogus name suggesting they are a legit Canadian firm.

PrimeOakmont Trading Platform Overview

PrimeOakmont’s trading platform is marketed as a cutting-edge tool with advanced features, including a customizable interface, professional charts, various order types, and secure wallets. However, the reality is somewhat different. This broker does not offer industry-standard trading platforms such as MT4, MT5, or cTrader, which are widely known for their reliability.

Instead, traders are offered a basic TradingView chart with the option to upgrade by investing more money. The platform is a basic web trader that lacks advanced features such as expert advisors and social trading and does not offer robust analytical tools. Also, there is no mobile app, as the platform is only accessible via a web browser.

Trading Accounts Available at PrimeOakmont

PrimeOakmont broker offers a range of 6 account types, each with its own features and requirements. To start trading with this broker, you must pick from one of the following options: Mini ($250), Silver ($1,001), Gold ($5,001), Platinum ($50,001), Diamond ($100,001), or VIP ($250,001).

Each account type provides access to leveraged trading. Leverages range from 1:200 to a seemingly unbelievable 1:1000. The accounts also come with 24/6 support and promise to approve withdrawals within 5 business days. The VIP account is an exception, offering instant withdrawal approval.

Tip: Please share with us any negative experiences you have had with this or any other deceitful broker. Your insights will help us in our efforts to save others from similar experiences.

PrimeOakmont Deposits and Withdrawals

If you start trading with this broker, it may seem like a promising opportunity. Yet, the reality is far from what was advertised. Upon trying to withdraw your hard-earned funds, the broker imposes bogus withdrawal rules that make it impossible to access your cash.

Despite their initial reliability, this broker shortly becomes unresponsive, with their site appearing to somehow be down. To make things more difficult, they may even change their name and website URL without warning, leaving traders in the dark. The outcome is a familiar story of traders being left with empty pockets. 

How Does This Scam Operate?

Trading can be a double-edged sword. This is a fact! So, it’s crucial to remember that there’s always a possibility of losing money. As a beginner, you need to be extra cautious and do your due diligence before opening an account with any broker. Even pro traders take the time to research and verify their chosen broker’s credibility.

Beware of the numerous fake sites posing as brokers, especially those that make bold promises of easy profits. The reality is that easy money usually leads to disastrous results. So, stick with reputable brokers and steer clear of get-rich-quick schemes.

Fraudsters often lure newbie traders with the promise of high returns for small investments. They may even pressure you to invest more, but the truth is that your money will vanish into thin air the moment you deposit it. Don’t fall for the trap – you won’t see a single penny of the promised profits.

Note: Regardless of age, gender, socioeconomic status, or level of education, scams can ensnare even the most vigilant people. It’s critical to stay informed and educate yourself on the various forms of scams to avoid becoming a victim.

The Best Foreign Exchange Brokers

Discover the top forex brokers and take a closer look to ensure they meet your needs!

PrimeOakmont Summary

Beware of PrimeOakmont! This broker is nothing but a scam that should be avoided at all costs. From our PrimeOakmont review, it’s clear that this is not a legit firm and has a lot of red flags. Notably, from shady trading software to a fake address, PrimeOakmont is a scam.

If you’ve fallen victim to this broker’s deceitful ways, please reach out to us. We want to help you report this scammy broker and get your money back.

FAQs About PrimeOakmont Broker