Primarate (primarate.pro) has been flagged by ASIC (Australia) for "Unlicensed". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: client.primarate.pro.
The only good thing about Primarate (primarate.pro) is that they remind you why regulation matters. I found them through a podcast recommendation. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Educational resources|Wide product range|Quick verification|Tax reports included
Cons: No fractional shares|Withdrawal takes 1-2 business days
After using Primarate (primarate.pro) for the past six months, I decided to move my account elsewhere. The platform was unreliable, withdrawals took an unreasonable amount of time, and I could never get a straight answer from customer service. Frustrating experience overall.
Pros: Personal attention|Automated trading options
Cons: Mobile app could be improved|Charting tools need more indicators
I requested my data from Primarate (primarate.pro) under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: Transparent fees|Economic calendar
Cons: Help articles are sometimes vague|Website design could be more modern
My withdrawal request from Primarate (primarate.pro) has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: Transparent fees|Market news feed|Detailed reporting|API access
Cons: No live chat on mobile|No fractional shares
The reporting at Primarate (primarate.pro) is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Responsive team|Easy to use platform|Regular platform improvements|Good mobile app
Cons: Slow to add new assets|No fractional shares
What really bothers me about Primarate (primarate.pro) is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them through a financial advisor and I fell for the polished exterior. Never again.
Pros: Regular updates|Instant funding|Quick verification|Risk management tools
Cons: None so far|No phone support on weekends
Primarate (primarate.pro) locked my account without warning and demanded documents I had already submitted. for the past year and a half later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Economic calendar|Multi-device support|Tax reports included|Competitive fees
Cons: Limited cryptocurrency options|Research section could be deeper
I closed a profitable position at Primarate (primarate.pro) and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Detailed reporting|Professional team
Cons: Spreads widen during volatile periods|No crypto staking
After spending for close to eighteen months trying to make Primarate (primarate.pro) work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Multiple order types|Great customer service|Real-time alerts
Cons: Limited social trading features|Website design could be more modern
Primarate (primarate.pro) offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Automated trading options|Multiple order types
Cons: Desktop app not available on Linux