Global Prime Treasury PTE LTD Review | Is it clearly a scam?

The road to success can be challenging. That’s why Global Prime Treasury PTE LTD offers to go through it together. Well, I wouldn’t agree to such an offer. Simply because it’s clearly a scam. If you need more evidence, please read the globalprimetreasury.com review below. There I will outline my thoughts on this project in more detail.

Highlights

First Impression of Globalprimetreasury.com

The official website doesn’t leave a particularly strong impression. It’s solely in English, and its design is rather basic. The information provided consists of small blocks, covering trading conditions, company history, brief financial market overviews, and contact details. However, none of this content seems particularly useful to potential investors. What’s particularly distracting are the cartoon characters scattered throughout the site. It feels like I missed some sort of global trend involving them, but seriously, where have you ever seen a great broker adopt such a design? I’m referring, of course, to a reputable broker, not this mishmash of yellow and green.

Partnership and Bonuses

The company clearly has a referral system, but what lies behind it is anyone’s guess. I mean, they simply don’t describe any rewards. They just mention that it exists, and that’s it. And of course, it’s worth adding that the broker offers bonuses. A lot of bonuses, to be precise. Up to 100% on deposits. The amount will depend on how much you top up your account.

Account Opening on Globalprimetreasury.com

The registration process on the Global Prime PTE website left me baffled. Especially because I couldn’t open an account there. The form seems ordinary at first glance. Meanwhile, in reality, it has two interesting details – a registration code and a promo. While entering a promo code is not mandatory, without a registration code, you simply cannot access the Client Portal. Why is everything so complicated? Apparently, the broker just doesn’t want anyone to access its platform. First, their managers will gladly chat with you themselves. And if you seem suitable, they will issue you a registration code. Of course, this is not normal. Good brokers never have any registration difficulties, and it’s not closed off with any codes.

Verification

Despite the fact that these guys have closed registration, you’ll still have to go through verification. However, this process isn’t too complicated in principle. When they grant you access to the client portal, you’ll be able to upload the necessary documents directly there. You’ll need copies of your passport or ID, as well as a bank statement or utility bill. The timeframe for document verification on the website is not specified.

Trading Software

Does their trading platform deserve attention? Honestly speaking, no. It’s the most basic web trader you can come across. It has the bare minimum set of indicators, the ability to customize charts, and that’s about it. They don’t even provide a demo account for you. Moreover, traders aren’t even offered to download the desktop version of the terminal or a mobile application. And I haven’t even mentioned the poor ratings the platform receives on various app stores. In short, the conclusion is clear: this terminal is not intended for profitable trading.

How Can I Trade With Global Prime Treasury PTE LTD?

Well, once you gain access to the client portal, it makes sense to consider which trading conditions are right for you. However, I wouldn’t say you’ll have a vast array of options to choose from, despite it may seem so at first glance.

All Info About Accounts

You can choose one from the lineup of seven types of accounts. The minimum deposit is £100. The most expensive type of account is the Partner account, which requires a deposit of one million pounds. As account statuses increase, traders gain more opportunities and available services.

For instance, in the INTRO account, clients are offered limited access to trading assets. Only in the Premium account will traders gain access to all trading instruments. The leverage also increases as the account status rises, ranging from 1:10 to 1:100. Spreads, on the other hand, decrease. However, broker Global Prime Treasury does not specify the specific spread sizes for each account or for each trading instrument.

Market Analysis and Education With Globalprimetreasury.com

When it comes to services and education, there isn’t much substance available. Each account includes consultations from managers. However, the specific nature of these consultations remains unclear. They could range from basic market insights to trading signals. However, Global Prime Treasury lacks transparency in this area as well. I would advise caution in accepting advice from an entirely anonymous team, as their qualifications and experience are unknown.

Deposit, Withdrawal, and Fees

Let’s see how you can deposit funds or withdraw money here. On the official website, I have noticed logos of bank cards, Bitcoin, and the SEPA transfer system. This generally corresponds to what is written in the “Deposit and Withdrawals” section. Apparently, you can use these methods for withdrawals. However, the fees and processing times are not specified here. To process a withdrawal, you will need to submit an application to your manager and await approval. How long to wait and why wait, especially if you have already been verified – these are all questions you should ask yourself. Keep in mind that this is not entirely normal practice for transparent brokers.

How Can I Contact It?

You can contact Global Prime Treasury LTD by phone, email, or take a risk and visit their office. Although I wouldn’t recommend the latter. Even on maps, there is no indication that such a broker is actually located at the specified address.

Is Global Prime Treasury PTE LTD Dangerous?

In short, yes. The broker is very dangerous. You can read more details in the last two sections of my review.

How Long Does The Broker Work?

The answer will stun you. A month! Can you imagine? I conducted a simple domain check and found out that it was registered only in February 2024. This is too short of a timeframe for a project of this kind. It speaks volumes about its reliability. And notice, the company lies to us about all its awards. It proudly states that it received something in 2017-2018 and so on. When in reality, there are hardly any reviews about this broker online till 2024.

How Is Global Prime Treasury PTE LTD Regulated?

On its website, the broker claims to be registered in Singapore. This is easy to verify. A company with such a name does exist in the ACRA registry. However, when I searched for more information about it, I found out that it is not a broker at all. The original company is involved in real estate and has no connection to brokerage services. And of course, it has not obtained any local license from the Singapore regulator to conduct brokerage activities because it does not need to. You may ask, where are you leading us, Kevin? I’m leading to the fact that broker Global Prime PTE LTD does not exist. It’s a fake company that simply poses as a real organization. So yes, we’ve uncovered the truth. It’s a scam.

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Expert Opinion

Well, it seems we’ve stumbled upon yet another batch of those one-month wonders. You know, the type that pops up like mushrooms after rain, promising the moon and stars but delivering nothing but headaches. What I’m getting at is that these websites launch one project monthly. Essentially, they have a short lifespan because their primary objective isn’t to thrive in the trading arena but rather to abscond with your funds. My advice? Choose another option.