Today, the brokerage market is flooded with scammers who attract clients in every possible way, including through purchased reviews and various bonuses that will be impossible to obtain.
Today, we will provide a review of Global Prime Treasury PTE. LTD, as this company claims to be ready to become a leader in the global market. However, its clients complain that they face daily problems with withdrawing funds and the inability to get any explanations from the platform owners.
Is Global Prime Treasury PTE. LTD?
From the very beginning, Global Prime Treasury PTE. LTD misleads its clients and does not publish the necessary documents on the website that could reveal the internal processes of the broker’s operation and acquaint the client with possible risks in cooperation. The legal information section contains only text copied from dozens of platforms. It is impossible to find information about the platform’s license, although reliable brokers should not hide such important data.
The lack of transparency in the broker’s operations may indicate that in fact, when opening a new account and agreeing to the terms of use, you may encounter various problems. Global Prime Treasury PTE. LTD may change the terms of cooperation at any time and may not even notify about it.
Another nuance of working with Global Prime Treasury PTE. LTD is related to the fact that in the “Terms and Conditions” section, there is a point stating that any trading transaction on the platform may be deemed invalid if it is done incorrectly. However, the broker does not explain how to execute a trade correctly. What could this mean? A client who succeeds in a trading operation that brings significant profit may lose it if the broker deems the transaction fraudulent or if it does not comply with the rules.
According to the data on the website, Global Prime Treasury PTE. LTD is registered, and the office is located in Singapore. But in fact, the company simply poses as this legal entity.
Concerned About Withdrawal?
Funding an account on the platform can be done using bank transfers, cards, and online payment systems. However, Global Prime Treasury PTE. LTD does not specify the size of commissions, nor does it indicate how long the application will be processed. In the trader’s personal account, other methods of deposit and withdrawal are presented altogether. Certainly, such an approach cannot be called fair and transparent.
How Long Does The Broker Work?
Another significant drawback of this platform is the registration date. Awards received in 2017 are published on the website, while the platform itself was registered only on February 22, 2024, according to whois data. This means that all company achievements turn out to be invalid since Global Prime Treasury PTE. LTD could not have received any awards in 2017-2018.
Other Signs of Fraud
❗Within a month of its operation, Forex broker Global Prime Treasury PTE. LTD received many negative reviews from clients, and on the internet, one can even find special articles from lawyers offering to recover funds invested in this platform. However, their effectiveness is extremely low. It is difficult to get a refund without turning to law enforcement agencies.
❗In the “Premium” account and higher, there are no restrictions on the size of leverage. The value is set to “customizable,” meaning the client can set their desired number. This is very alarming because leverage sizes should be regulated.
Global Prime Treasury PTE. LTD Review Conclusions
Clients often complain in reviews about access problems to the Global Prime Treasury PTE. LTD website after successful trading transactions. The platform simply does not load the withdrawal section. Even if a trader manages to create a withdrawal request, it may hang in processing for several weeks. Working with such a broker is certainly not recommended.
➕Nice website.
➖Fake license and registration data.
➖Short operating period.
➖Fully anonymous platform.
FAQ
How is Global Prime Treasury PTE. LTD Regulated?
The broker’s activities are not regulated in any way. It simply pretends to be another legal entity and has not obtained a license.
Is It Safe to Invest With This Broker?
No, trading on such a fake platform is very dangerous because it can literally do anything it wants with your account and even with the quote flow. No one can stop it because it is not regulated by anyone.
How to Get Your Money Back?
It’s very difficult to get your money back in such cases. The best solution is to contact law enforcement agencies.
Brief Conditions
|
Type |
Forex |
|
Location |
Singapore |
|
Establishment Year |
2024 |
|
Regulation |
❌ |
|
Customer Service |
❌ |
|
Languages |
En |
|
Demo Account |
❌ |
|
Mobile Trading |
✅ |
|
Web-based Trading |
✅ |
|
Bonuses |
✅ |
|
Minimum Deposit |
£100 |
|
Max. Leverage |
1:100 |
|
Scalping Allowed |
✅ |
I am told I have to pay 11% commission to receive the funds I have invested in global prime. It seems I’ve paid more than what the commission is and I’m getting nowhere. I’ve talked to several brokers and all they want is more money.
they have also taken my money and no 1 responding to my calls their very big fruad people. all what they will tell you to put more money and get more profit but ur not see anybody again to answer ur call. their big scammers if they want ur money will call one hundred times a day and as they get ur money nobody is going to pickup ur either to call .