Below is a detailed analysis of PrimeTrade247, based on the requested criteria, using available information and critical evaluation. The analysis covers online complaints, risk level, website security, WHOIS data, IP and hosting, social media presence, red flags, regulatory status, user precautions, and potential brand confusion. Note that some aspects rely on general patterns for similar platforms, as specific data for PrimeTrade247 is limited in the provided references.
Findings: No direct complaints about PrimeTrade247 were found in the provided references or through a general web search. However, the absence of complaints does not inherently confirm legitimacy, as new or low-profile platforms may not yet have accumulated significant user feedback.
Analysis: The lack of complaints could indicate a new website (created April 9, 2021, per WHOIS data), limited user base, or suppression of negative feedback. Similar platforms in the forex, CFD, and cryptocurrency trading space often attract complaints related to withdrawal issues, misleading profit promises, or unregulated operations. Without specific complaints, caution is warranted until a track record is established.
Source: No direct complaints found; general patterns observed from Scamadviser reviews of similar platforms.
PrimeTrade247 operates in the high-risk forex, CFD, and cryptocurrency trading sector, which is prone to scams due to its complexity and volatility.
The website has a low Tranco ranking, indicating low traffic, which is suspicious for a platform claiming to be a major trading service.
The server hosting primetrade247.com (IP: 2.57.90.16) is shared with other websites, some of which are flagged as unreliable, increasing the risk of cyber threats.
Analysis: The combination of a low-traffic website, shared hosting with potentially risky sites, and operation in a high-risk industry suggests a medium-to-high risk level. Promises of “massive profit hourly” and “best Bitcoin investment” (as stated on the website) are red flags, as they align with tactics used by fraudulent platforms to lure users with unrealistic expectations.
Risk Level: Medium-to-High, pending further evidence of legitimacy.
The website likely uses an SSL certificate, as most modern websites do, but no specific details confirm its level (e.g., free vs. premium).
No explicit mention of advanced security measures (e.g., Web Application Firewall, DDoS protection) was found on primetrade247.com or in related analyses.
Shared server hosting increases vulnerability, as a compromised site on the same server could serve as an entry point for attacks.
Analysis: While an SSL certificate is standard, the lack of transparency about additional security measures (e.g., encryption standards, two-factor authentication for user accounts) is concerning for a platform handling sensitive financial data. Shared hosting further elevates the risk of data breaches or malware distribution. Users should verify HTTPS implementation and check for security certifications before engaging.
Source: Scamadviser analysis of shared hosting risks; general cybersecurity standards.
IP Address: 2.57.90.16 (geolocated in the United Kingdom).
Analysis: The domain’s recent creation (less than 4 years old as of 2025) is a potential red flag, as scam websites often have short lifespans. The registrar, Hosting Concepts B.V., is legitimate but has been associated with other low-scoring websites, suggesting it may not enforce stringent vetting. The “clientTransferProhibited” status is standard but limits immediate domain transfers, which could delay ownership changes in case of disputes. No registrant details are provided, likely due to privacy protection services, which is common but reduces transparency.
IP Address: 2.57.90.16, hosted in the United Kingdom.
Hosting Provider: Likely Hostinger (inferred from nameservers ns1.dns-parking.com and ns2.dns-parking.com).
Shared Hosting: The server hosts multiple websites, some of which are flagged as unreliable.
Analysis: Shared hosting is cost-effective but risky for financial platforms, as a single compromised site can expose others on the same server to cyberattacks. Hostinger is a reputable provider, but its use by low-scoring websites suggests PrimeTrade247 may not prioritize premium, secure hosting. The UK geolocation aligns with the registrar’s EU base, but this does not confirm operational legitimacy, as scammers often use offshore or proxy servers to obscure their location.
Findings: No specific information about PrimeTrade247’s social media accounts was found in the references or on the website itself.
Analysis: Legitimate trading platforms typically maintain active, verified social media profiles (e.g., Twitter, LinkedIn) to engage users and build trust. The absence of visible social media links or mentions is a red flag, as scammers often avoid social platforms to limit scrutiny or because fake accounts are quickly flagged. If social media links exist, users should verify their authenticity, as scammers may insert fake logos or inactive accounts.
Unrealistic Promises: Claims of “massive profit hourly” and “best Bitcoin investment” are exaggerated and typical of scam tactics.
Low Traffic: A low Tranco ranking suggests limited user engagement, inconsistent with a major trading platform.
Recent Domain: Created in April 2021, the site is relatively new, increasing scam risk.
Shared Hosting: Hosting with unreliable sites raises security concerns.
Lack of Transparency: No clear information about the company’s physical address, team, or regulatory licenses is evident on the website.
No Social Media Presence: Absence of verifiable social media activity limits trust.
Analysis: These red flags align with patterns observed in fraudulent trading platforms, such as promising high returns with low risk, operating on new domains, and lacking transparency. The combination of these factors strongly suggests caution, as they mirror tactics used by platforms flagged on Scamadviser.
The website promotes forex trading, CFDs, cryptocurrency, and Bitcoin mining with claims of “massive profit hourly” and being the “best Bitcoin investment in 2018”.
It highlights ease of use, a team of “experienced and qualified financial analysts,” and support for cryptocurrencies as payment methods, citing major companies like Microsoft and Amazon.
No verifiable details about the company’s location, leadership, or regulatory compliance are provided.
Analysis: The content uses persuasive language typical of scam websites, emphasizing high profits and ease of use without substantiating claims with evidence (e.g., audited performance records, regulatory certifications). The reference to 2018 is outdated and suspicious for a site still operating in 2025, suggesting either neglect or recycled content. Name-dropping major companies like Amazon and Microsoft is a common tactic to create a false sense of legitimacy. The lack of concrete company details further undermines trust.
Findings: No evidence of regulatory oversight or licensing (e.g., FCA, SEC, CySEC) is mentioned on primetrade247.com or in related sources.
Analysis: Legitimate brokers are typically regulated by recognized authorities (e.g., Financial Conduct Authority in the UK, Securities and Exchange Commission in the US) and display license numbers prominently. The absence of regulatory information is a major red flag, as unregulated platforms often evade accountability for user funds. The high-risk nature of forex and crypto trading requires strict oversight, and PrimeTrade247’s silence on this matter suggests non-compliance. Users should verify regulatory status with relevant authorities before investing.
Source: General regulatory standards; website content.
Verify Regulation: Check with regulatory bodies (e.g., FCA, SEC) to confirm PrimeTrade247’s licensing status.
Start Small: If engaging, deposit minimal funds initially to test withdrawal processes.
Secure Accounts: Use strong passwords and enable two-factor authentication if available.
Research Reviews: Search for user reviews on independent platforms (e.g., Trustpilot, ForexPeaceArmy) beyond the website’s control.
Avoid Unrealistic Promises: Be wary of claims guaranteeing high profits with low risk.
Check WHOIS Data: Use tools like whois.domaintools.com to monitor domain changes or ownership.
Test Customer Support: Contact support to assess responsiveness and professionalism before investing.
Use Secure Connections: Ensure the website uses HTTPS and avoid entering sensitive data on public Wi-Fi.
Analysis: These precautions mitigate risks associated with potentially fraudulent or insecure platforms. Given the red flags, users should approach PrimeTrade247 with extreme caution and prioritize independent verification.
The name “PrimeTrade247” resembles other trading platforms or financial services, such as “PrimeTrade” or “Trade247,” which could lead to confusion.
No evidence of trademark disputes or intentional mimicry was found, but the generic naming convention (“Prime” + “Trade” + “247”) is common in the industry.
Analysis: The name’s similarity to other platforms could be a deliberate tactic to capitalize on established brands’ reputations or confuse users. The USPTO notes that trademarks need not be identical to cause confusion; similarity in sound, appearance, or meaning is sufficient. Users might mistake PrimeTrade247 for a regulated or well-known broker, increasing the risk of falling for a scam. Checking the exact domain (primetrade247.com) and avoiding similar-sounding platforms is crucial.
Overall Risk: Medium-to-High due to multiple red flags: unrealistic profit claims, recent domain, shared hosting, lack of regulatory information, and no social media presence.
Key Concerns: The absence of verifiable regulatory status, transparency, and user reviews, combined with suspicious website content, suggests PrimeTrade247 may not be a trustworthy broker.
Recommendations: Avoid investing until regulatory compliance and operational legitimacy are confirmed. Conduct thorough due diligence, including checking with financial authorities, reviewing independent user feedback, and testing the platform with minimal funds if necessary. Use WHOIS tools and scam checkers (e.g., Scamadviser) for ongoing monitoring.
If you need further assistance or specific checks (e.g., analyzing a particular page on primetrade247.com or searching for recent user reviews), please let me know!
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