Prime Lock (primelock.net) 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: primelock.net.
The spread at Prime Lock (primelock.net) is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after hearing about them at a conference and initially thought the platform was good - until I started trading seriously.
Pros: Segregated accounts|Dedicated account manager|Social trading features
Cons: Cannot customize dashboard fully
I lost a significant amount because Prime Lock (primelock.net) did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Transparent fees|Dedicated account manager
Cons: Minor UI glitches occasionally
After spending for a few weeks now trying to make Prime Lock (primelock.net) 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: Comprehensive tools|Good analytical tools
Cons: No crypto staking
I referred a friend to Prime Lock (primelock.net) from a review site like this one. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.
Pros: Responsive team|Quick verification|Multiple order types|Excellent charting
Cons: Wait times can be long during peak hours|Charting tools need more indicators
The mobile app from Prime Lock (primelock.net) is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Tax reports included|No hidden fees|Copy trading available|Dedicated account manager
Cons: Desktop app not available on Linux|Spreads widen during volatile periods
I found Prime Lock (primelock.net) through a financial advisor and the initial impression was positive. But for the past year and a half later, I have encountered so many issues that I cannot recommend them. Trades failing, charts not loading, and support tickets going unanswered for days at a time.
Pros: Regular updates|Social trading features|Comprehensive tools
Cons: Spreads widen during volatile periods|Limited demo account features
The hidden fees at Prime Lock (primelock.net) are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.
Pros: Comprehensive tools|Copy trading available|Clear documentation
Cons: Minimum deposit could be lower|Inactivity fee applies after 12 months
My card was charged twice by Prime Lock (primelock.net) on the same day. I had to dispute it with my bank. Prime Lock (primelock.net) then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Clean UI|Full transparency|Social trading features|Demo account available
Cons: Search feature is basic