Prime Trustee is a CFD brokerage whose official website domain was registered on June 24, 2024. This brokerage primarily provides investment services in the trading markets of forex, digital currencies, precious metals, commodities, and funds to retail and institutional clients. However, it does not offer services to countries and regions where such services may violate local laws or regulations.
Corporate Registration Information and Regulatory Status
According to publicly available information on the Prime Trustee website (primetrustee.com), the services offered by this broker are regulated by financial authorities in the UK and the USA. However, its terms of service page states that "any litigation arising from the terms of this website should be conducted in and only in the courts located in New Zealand." Clicking "Legal" at the bottom of the broker's website redirects to the New Zealand Companies Register, showing that the registered company in New Zealand is "PRIME TRUSTEE LIMITED" with the company registration number 2057225.
Upon investigation, no registration information for a company named "Prime Trustee" was found among U.S. financial regulatory authorities such as the National Futures Association (NFA) and the Financial Industry Regulatory Authority (FINRA). The UK Companies House website lists several entities with similar names, but no "Prime Trustee" was found in the Financial Conduct Authority (FCA) register. Additionally, no registration information for "PRIME TRUSTEE LIMITED" was found in the New Zealand Financial Service Providers Register.
Therefore, Prime Trustee (primetrustee.com) is actually an unregulated fraudulent brokerage website.
Account Registration Process
To open a trading account with Prime Trustee, visit the broker's official website, click "REGISTER NOW" on the homepage or "Join Now" in the upper right corner to go to the account registration page. After filling in personal information such as your name and email and setting a login password, submit the form. Once the account is verified, the registration is successful.
Investment Plans
Prime Trustee offers users four investment plans: Starter Plan, Premium Plan, Golden Plan, and Pro Plan.
Starter Plan:
- Trading Cycle: 2 days
- Minimum Deposit: $50
- Maximum Deposit: $6,999
- Referral Bonus: 10%
- Enhanced Security
- 24/7 Dedicated Support
- Daily Return Rate: 5%
Premium Plan:
- Trading Cycle: 2 days
- Minimum Deposit: $7,000
- Maximum Deposit: $14,999
- Referral Bonus: 10%
- Enhanced Security
- 24/7 Dedicated Support
- Daily Return Rate: 10%
Golden Plan:
- Trading Cycle: 2 days
- Minimum Deposit: $15,000
- Maximum Deposit: $49,999
- Referral Bonus: 10%
- Enhanced Security
- 24/7 Dedicated Support
- Daily Return Rate: 15%
Pro Plan:
- Trading Cycle: 2 days
- Minimum Deposit: $50,000
- Maximum Deposit: No Limit
- Referral Bonus: 10%
- Enhanced Security
- 24/7 Dedicated Support
- Daily Return Rate: 20%
Trading Platform
Prime Trustee provides a self-developed trading platform, but no detailed introduction is offered, and it is available only on the web.
Deposits and Withdrawals
Prime Trustee supports deposits and withdrawals through cryptocurrency.
Conclusion:
Traderknows reminds investors that Prime Trustee is a fraudulent broker luring investors with promises of high returns, but in reality, it lacks any regulatory oversight. Investors are advised to choose brokers with transparent information, strong regulation, and good reputation to avoid unnecessary financial losses.
Currently, this broker is marked as a "Scam" on Traderknows.
