PrimeOakmont Review – Is This Unlicensed Forex Broker a Scam?

As of May 2023, the broker (Primeoakmont.com) has ceased operations. But you can read the article to avoid falling for similar scammers.

PrimeOakmont Scam Platform?

This little scammer is far from being a licensed broker. Three different phone numbers were found on the hoax website: one for the UK and one for Canada. One for Poland. PrimeOakmont is believed to be targeting traders from these countries. The Canadian regulators quickly reacted to the threat, but we’ll get to that later.

It is obvious that such a scammy broker cannot be registered with any regulators, particularly the UK’s FCA, which has high demand.

PrimeOakmont, a scam broker offering crypto trading, is outrageous. Canadian regulators have issued numerous warnings about the broker. PrimeOakmont targets traders coming from Canada, Germany and Slovenia.

Here are some reasons why it is better to trade with a licensed broker

The shady broker is not regulated, as we have already mentioned. Let’s take a look at what you will miss if PrimeOakmont takes your money.

Your funds won’t be stored in a separate bank account. There is no negative balance protection and no compensation plan in the event that the broker goes bankrupt. The minimum operating capital required by a broker is not high. You will receive extremely high leverage, which will definitely lead to trading losses.

Canadian Regulators Issue Public Warnings

PrimeOakmont seems to have managed to annoy multiple Canadian financial market watchdogs. This put the financial swindler on the blacklist. PrimeOakmont will no longer be a target. You can see the warnings below from the OSC and the CSA.

What trading software does PrimeOakmont offer?

WebTrader was not what we expected. It’s a shame. It’s easy to believe that new traders will be able to trust WebTrader because of its amazing advertising. WebTrader is actually a browser-based platform with few advanced features and tools.

We believe this platform may be rigged, considering PrimeOakmont’s illegal status. Yes, fraudsters create fake charts and numbers while accepting deposits. There are no profits, folks.

What Can Be Traded? – Assets List

PrimeOakomont’s website states that this con artist only deals with crypto assets.

• Bitcoin;
• EOS;
• Ripple;
• Ethereum;
• Litecoin.

The concept of cryptocurrencies, and in general the entire cryptocurrency industry, is still relatively new and thus, highly risky. This territory is extremely unpredictable, given all the recent controversies. This can lead to many scams like the one we are describing here. PrimeOakmont is a known crypto scam.

What are traders saying about PrimeOakmont

TrustPilot currently has 38 reviews. The website stated that many reviews had been removed due to suspicion of being fake. Trustpilot believes that every positive review was created by either bots or agents of the scammer.

We found many reviews that support our claims about PrimeOakmont being fraudulent. The following was written by a user from Great Britain.

AnyDesk, TeamViewer

These are the good old “verification” apps. These two apps elevated the scam to an entirely new level. AnyDesk or TeamViewer let one user access another’s desktop. PrimeOakmont claimed this was customer support. The fraudster wants to access your PC and any financial-related documents. This is something you must not allow!

PrimeOakmont – Countries Of Service

This scammer’s website has been online since August 2021, and it was last updated in recent days. According to our research, PrimeOakmont targets unsuspecting victims in the following countries:

• Canada;
• Germany;
• Poland;
• Slovenia;
• United Kingdom.

The Canadian financial regulators were able to discover the truth and issue warnings. We hope that they reach traders in time so this horrible plot is not realized.

What do we know about PrimeOakmont Account Types

PrimeOakmont offers six types of accounts:

• Mini – EUR 250;
• Silver EUR 1,001
• Gold EUR 5,001
• Platinum- EUR 50,000.
• Diamond EUR 100,001
• VIP- EUR 250,000.

It is definitely not worth taking a chance on a financial fraudster. The leverage can range from 1:200 up to a staggering 1:1000. If withdrawals are possible, they can take up to five days.

What is a chargeback?

Chargebacks are a way for your bank to reclaim funds from the merchant. We recommend that you contact us immediately to initiate the process. In a free consultation, we will discuss how to get your money back immediately!

PrimeOakmont: Video

Below you will find a short video about PrimeOakmont. Watch it so you don’t miss anything important. In a few minutes you’ll learn the whole truth about PrimeOakmont!