PrimeWealth has been flagged by Autorité des marchés financiers for "Unregistered/Unlicensed entity offering financial products or services". PrimeWealth is not registered with the Autorité des marchés financiers (AMF) and is not authorized to solicit investors in Québec.
Last known cities: Toronto, Canada; Vancouver, Canada. This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: primewealthltd.com.
I signed up with PrimeWealth from a blog post comparing services and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Two-factor authentication|Fast execution|Full transparency|Helpful community forum
Cons: Limited ETF selection|Minor UI glitches occasionally
I had high hopes for PrimeWealth after my brother mentioned them, but my experience has been disappointing. Customer support is slow, the platform has frequent issues, and their fee structure is not as transparent as advertised. I am actively looking for alternatives now.
Pros: Helpful community forum|API access
Cons: Minimum deposit could be lower|No phone support on weekends
The hidden fees at PrimeWealth 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: Reliable uptime|Excellent charting|Good mobile app|Regular platform improvements
Cons: Help articles are sometimes vague
Several red flags with PrimeWealth: (1) They promise unrealistically high returns, (2) They're not registered with Autorité des marchés financiers, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.
Cons: Flagged by Autorité des marchés financiers|Cannot verify credentials
The onboarding at PrimeWealth was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: Risk management tools|Easy withdrawals
Cons: No fractional shares|Email notifications too frequent