Primo Asset Management has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Fraud ...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. Primo Asset Management recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Full transparency|Regular updates|Smooth onboarding|Easy to use platform
Cons: No integrated tax optimization
Primo Asset Management advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Dividend tracking|Clear documentation|Economic calendar
Cons: Wait times can be long during peak hours|No phone support on weekends
After spending since the beginning of the year trying to make Primo Asset Management 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: Smooth onboarding|Good mobile app|Market news feed|Easy withdrawals
Cons: No crypto staking