EVM Prime Review – Is EVM Prime a Scam Broker?
- Website: https://evmprime.com
- Website Availability: Yes
- Address: Comoros
- Warning: Not Recommended By Proupshot
- Domain Blacklisted Status: It seems there is no direct mention of this domain being on a blacklist.
The operation of the EVM Prime Online Trading platform claims to offer a wide range of financial instruments with the same operations, namely: Forex, Stocks, Commodities, Indices, Cryptos, etc. The platform appears professional while operating through MetaTrader 5 (MT5). However, further inspection has raised many growing concerns amongst several users.
Key Features of EVM Prime
- Trading Instruments: Provides CFDs on more than 25 forex pairs, commodities (like gold and silver), indices globally, stocks, and cryptocurrencies.
- Leverage: Offering leverage of up to 1:500.
- Minimum Deposit: Very high minimum deposit requirement of $1,000.
- Regulation: Registered under the MWALI International Services Authority (MISA), License No. T2023415.
Concerns Surrounding EVM Prime
Aggressive Sales Tactics
A lot of the time, what clients tend to say is that they are bombarded with calls and messages from sales representatives trying to compel them to deposit more. The harassment continues for quite some time even after the client has opted out of it once.
Misleading Trading Guidance
Many EVM Prime reviews on portals such as Forex Peace Army and Trustpilot have alleged that users were instructed to imitate particular trades that were initially lucrative but later turned into heavy losses. Thereafter, they were instructed to invest more to recover their capital.
Withdrawal Problems
Among several critical flags, the most prominent would be fund withdrawal issues. A good number of account holders have complained about the inability to withdraw funds, after which customer support stopped responding.
“A transfer of funds was requested about a week ago and still not yet approved. No answer from customer service.” – Trustpilot Review
Regulatory Status: Not as Secure as It Seems
Although Under MISA registration EVM Prime is in Comoros, this jurisdiction is not particularly known for stern financial oversight. Hopefully, traders do not compromise on the major regulators’ assurance when it comes to investor protection.
Website and User Experience
On evmprime.com, it is almost entirely just a registration form on the homepage, which raises questions about the transparency of the company. There is no information about the team, no legal disclosures, and no user education.
Take Action Today
Lost money to a scam? Don’t face it alone. Our expert team at Proupshot is here to help you recover your funds. With proven strategies like chargebacks, dispute resolution, and legal support, we guide you every step of the way.
Reach out to us today for a free consultation and take the first step toward reclaiming your money!
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