Prime Vertical Markets
We checked Prime Vertical Markets against the AskCheck register. It has been reported (2024) and carries the red flags below. Treat it with extreme caution.
Why it’s flagged
What we found
Prime Vertical Markets claims that Prime Vertical Markets Pty Ltd is authorized by the Australian Securities and Investments Commission (ASIC). However, our search reveals that the status of this license has ceased. Consequently, the regulatory protection previously offered by ASIC is no longer valid. Additionally, the broker asserts that it holds an MSB certificate from Financial Transactions and Reports Analysis Center of Canada (FINTRAC) in Canada. While we were able to locate entity information within the registry, it is crucial to understand that FINTRAC is a financial intelligence unit focused on anti-money laundering. FINTRAC does not regulate forex trading activities. Prime Vertical Markets is effectively unlicensed by any regulator. Therefore, Prime Vertical Markets appears to be a scam.
Assessment source: FastBull BrokersView.
What to do next
- Stop sending money. Don’t make another deposit, pay a “tax” or “release fee”, or share remote-access to your device.
- Gather your evidence. Save statements, chat logs, transaction IDs and the wallet addresses you paid to.
- Report it to your regulator and to local police / action-fraud line so it’s on the official record.
- Add your report here so the next person searching this name is warned — report Prime Vertical Markets.
- Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.