PrimeOT (primeot.com) has been flagged by ASIC (Australia) for "Unlicensed". Search IC001 for other entities related to this alert.
Phones: +442039663647, +43720775201 This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: primeot.com.
Do not use PrimeOT (primeot.com) for anything serious. I used them for about eight months for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Automated trading options|Helpful community forum|Demo account available|Multi-device support
Cons: Limited cryptocurrency options
After for a few weeks now with PrimeOT (primeot.com) I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Real-time alerts|Segregated accounts|Educational resources
Cons: Could offer more webinars
I experienced a security concern with my PrimeOT (primeot.com) account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.
Pros: Excellent charting|Multiple order types|Dividend tracking
Cons: Some tools only available on higher tiers
I opened an account with PrimeOT (primeot.com) for nearly two years ago. The platform frequently logs you out, orders fail to execute at the stated price, and when you complain they blame your internet connection. I have screenshots proving otherwise.
Pros: Copy trading available|Tax reports included|Comprehensive tools|Good analytical tools
Cons: Limited social trading features|Currency conversion fee exists
KYC with PrimeOT (primeot.com) is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: API access|Helpful community forum|Instant funding|Good analytical tools
Cons: Would like more payment methods|Research section could be deeper
After for a couple of months now with PrimeOT (primeot.com), I can only describe the experience as death by a thousand cuts. No single issue was catastrophic, but the constant stream of small problems, slow responses, and missing features wore me down until I finally left.
Pros: Detailed reporting|Quick verification
Cons: Wait times can be long during peak hours|No integrated tax optimization
The platform itself is okay, but the customer service at PrimeOT (primeot.com) is truly awful. I waited weeks for a response to a simple inquiry. When they did respond, it felt like a generic template that did not address my specific issue at all.
Pros: Easy withdrawals|Great customer service|Two-factor authentication
Cons: Desktop app not available on Linux|Wish they had more educational resources
The only good thing about PrimeOT (primeot.com) is that they remind you why regulation matters. I found them after my brother mentioned them. 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: Segregated accounts|Fast deposits|Real-time alerts
Cons: No phone support on weekends
PrimeOT (primeot.com) changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Competitive fees|Two-factor authentication
Cons: Limited cryptocurrency options|Minimum deposit could be lower