Inter Prime is a CFD brokerage allegedly based in the US. In the review below, we take an in-depth look at the features interprimefinancial.com allegedly offers. This review aims to explore the trading platform, listing out aspects like licensing, its leverages, account types, and its withdrawal and deposit methods. It also aims to fact check claims that have been made by Inter Prime to determine whether if it is safe enough to trade with or if it is just one gigantic scam.
Table of Contents
Inter Prime Financial Trading Platform
Inter Prime states its mission to “be the premier provider of superior financial solutions by earning people’s trust in the most friendly, professional manner possible.”
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They support a web-based terminal, offering assets such as CFDs, Indices, Stocks, and Precious metals.
We observed some interesting things that detracts from the overall professionalism of the site. Chief among our observations was one of their FAQ section. When clicked on each question, we discovered that all their answers were dummy text.
“Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.”
Another observation of ours was that all the portraits on their team portfolios were all stock pictures.
Inter Prime Financial Account type
ECN
True ECN Trading by 55ms executions, Tier-1 Banks Spreads, High Leverage, Transperancy, Swap Policy
Algo Account
True Algoritmic Trading by 55ms executions,, Tier-1 Banks Spreads, Supported for any expert advisor, Fix API
Dealing Account
Fast order matching route, Tier-1 Banks Spreads, Competitive Campaigns
Inter Prime Financial Deposit and Withdrawal Methods
The brokerage supports crypto payments, Visa and MasterCard, as well as bank wire, however, e-wallets such as Skrill and Neteller are not available.
There was no mention of any withdrawal fees on the site. However, we warn against dealing, dealing with unsubstantiated brokerage as we never know if they won’t charge unexpected fees once the clients have deposited their funds.
Another risk is that might also be withdrawal conditions concerning accounts that take advantage of the bonus promotion. Some fraudulent brokers stipulate that a trader must achieve a certain trading volume in order to be eligible for withdrawal. This is purposefully done in order to stop traders from making a withdrawal.
Is Inter Prime Financial Licensed?
Inter Prime Financial Inc. is the trading name of International Personal Finance Plc. And it claims to be located at 3279 Forest Avenue- Manhattan New York – 10016 and registered under the American governmental agency SEC.
But that is false as brokerages operating on the territory of the US have to be regulated by the National Futures Association. And after checking the NFAs database, we couldn’t find any mention of the above company.
So, no, Inter Prime Financial is not a licensed company.
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Accounts
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Licensed in UK(FCA), Dubai(DFSA), St Vincent and the Grenadines, Cyprus(Cysec) and Cayman Islands
Accepts Traders Worldwide
Minimum Trade Deposit $100
Maximum Leverage
1:500
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Licensed in UK(FCA), Australia(ASIC), Belarus(NBRB) and Canada(IIROC)
Accepts Traders Worldwide
Minimum Trade Deposit $100
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Licensed in Australia(ASIC) and Cyprus(Cysec)
Accepts Traders Worldwide
Minimum Trade Deposit $100
Maximum Leverage
1:500
Conclusion
We wouldn’t recommend using this forex brokerage, we are not impressed with the vague information they have provided.
In conclusion, we wouldn’t advise or recommend you to trade with interprimefinancial.com as their claims of being a registered company is false.
interprimefinancial.com is likely a platform run by scammers, trading with them would likely result in you losing your money. There is a tremendous risk on any transactions interested traders may conclude with the brokerage and we deeply recommend they look elsewhere for viable trading option.