PrimeCoin Traders (primecointraders.net) has been flagged by ASIC (Australia) for "Unlicensed". Addresses: 35 Larissa Court, Merbein South, Victoria 3505, Australia This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: primecointraders.net.
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. PrimeCoin Traders (primecointraders.net) said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Professional team|Helpful community forum|Real-time alerts|Low minimum deposit
Cons: No integrated tax optimization
If you are reading this considering PrimeCoin Traders (primecointraders.net) - run. I wish I had read more negative reviews after a trusted YouTuber reviewed them. I thought the positive ones were real. Maybe some are. My experience over for nearly two years has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Fast support response|Multi-currency support
Cons: Slow to add new assets|Limited social trading features
I am in a dispute with PrimeCoin Traders (primecointraders.net) over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Clean UI|Real-time alerts|Dedicated account manager|Instant funding
Cons: Currency conversion fee exists
PrimeCoin Traders (primecointraders.net) had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.
Pros: Demo account available|Customizable dashboard|Personal attention|Two-factor authentication
Cons: No integrated tax optimization|Spreads widen during volatile periods
The mobile app from PrimeCoin Traders (primecointraders.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: Two-factor authentication|Educational resources|Regular platform improvements
Cons: Wait times can be long during peak hours
My card was charged twice by PrimeCoin Traders (primecointraders.net) on the same day. I had to dispute it with my bank. PrimeCoin Traders (primecointraders.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: Multiple order types|Copy trading available|Regular updates|Reliable uptime
Cons: Could offer more webinars
Where do I even begin with PrimeCoin Traders (primecointraders.net)? since mid-2025 of broken promises, unanswered tickets, and a platform that feels like it was built in 2010. They spend more on marketing than on actually improving their service. Stay away from this company.
Pros: Instant funding|Portfolio tracking tools
Cons: No integrated tax optimization|Charting tools need more indicators