Primarkets Review – Is Primarkets a Legit Broker or a Scam?

Primarkets Review: Independent Analysis of User Ratings, Complaints, and Trustworthiness

Primarkets Overview

Website: https://www.primarkets.io/
Website Availability: Yes
Address: Muiderstraat 1, 1011 PZ Amsterdam, NETHERLANDS
Warning: Financial Conduct Authority (United Kingdom)
Domain Blacklisted Status: It seems there is no direct mention of this domain being on a blacklist.

Primarkets has been flagged as a potential scam in the online trading space. Many traders have reported issues related to fund withdrawals, misleading promises, and a lack of transparency. While the broker may present itself as legitimate, the lack of regulatory oversight raises serious concerns. Traders are strongly advised to stay cautious before investing any amount with Primarkets Broker.

Primarkets – FCA Warning and High Scam Risk Alert

Primarkets promotes itself as a worldwide trading platform that offers leveraged trading in forex, stocks, commodities, indices, and cryptocurrencies. The firm states that it is giving traders access to expertly created tools and top-of-the-line liquidity, all in a secure environment. However, current evidence indicates that Primarkets may not be a safe or legitimate place for investors.

On July 10, 2025, the Financial Conduct Authority (FCA), a regulatory authority in the United Kingdom, published a warning about Primarkets, stating that the firm may be providing services that require authorization. In its posting, it described customers to avoid dealing with the firm and warned that it could be a scam.

Despite Primarkets stating that it is located in the Netherlands, we could not find any indications of registration or authorization from the Dutch Authority for the Financial Markets (AFM). The company says that it was created in 2021; however, the domain was created in 2025, which raises more suspicion.

Primarkets has no credible forex regulation in place, so customer funds do not have any coverage from an authority. Multiple traders have reported that Primarkets are a scam on Trustpilot (3.4/5) and are having trouble withdrawing money.

Overall, Primarkets appears to be an unregulated and high-risk broker. Investors should avoid this platform and choose a licensed, verified broker instead.

Victims’ Reviews & Experiences

Various traders have expressed disappointment with primarkets.io broker due to delayed or blocked withdrawals. Generally, users complain about the misleading nature of promises of profits being made and poor customer service. Complaints also highlight the opaque nature of the trading conditions, which leaves investors unsure if they are willing to deposit.

Know more about similar broker cases by checking the list of scam brokers.

Conclusion – Should You Trust Primarkets?

Based on the findings above, extreme caution is advised when dealing with Primarkets. The absence of regulation, lack of transparency, and ongoing user complaints indicate that this broker poses a serious risk to investors. Always prioritize safety and verify the legitimacy of any financial platform before investing.

FAQs (Frequently Asked Questions)

Q1: Is Primarkets regulated?

A: No, presently, primarkets.io broker is not regulated by any financial authorities.

Q2: Can I withdraw my funds safely from the Primarkets?

A: Many users report having issues withdrawing their funds; therefore, there is a high risk involved.

Q3: How can I report Primarkets for fraud?

A: You can report suspicious activity via financial watchdogs and use a platform like Skyrecoup to receive assistance.

Q4: Is it possible to recover my money from the Primarkets?

A: Yes, there are fund recovery services like Skyrecoup, which help victims reclaim their investments.

Recover Your Funds with Skyrecoup

If you’ve been a victim of Primarkets or any other fraudulent platform, Skyrecoup can help.

Skyrecoup is a global leader in chargeback and fund recovery services, specializing in Forex, Crypto, Binary Options, and online trading scams. With one of the industry’s highest success rates, we are committed to confronting scammers and recovering your hard-earned money.