I maintain account 60626 and 60688 with Prime4x. I have made withdrawals of $20k and $5k respectively from these accounts successfully, albeit with the kind assistance of Joe Adams (for the $5k). I think Prime4x is not SCAM but that the company has found itself in a position where it cannot promptly honor withdrawal requests in a timely manner. As i speak a friend of mine just got his withdrawal last week. I have put in a request for withdrawal of $21,992 from my 60626 account too now. Please contact Joe Adams /amr for assistance and you must be persistent because of the number of requests on the waiting list. Cheers
Dear Andrew, I do have accounts with Liteforex, Alpari UK and RBS ( former ABN Amro) and I funded and withdrew several times money from these brokers. I never had to wait longer than 3 business days with any of them via bank wire. LR withdrawals were done in no longer than a maximum of 5 hours.
I too emailed Joe Adams several times with no response.
I don't care about the number of requests they might have.
What does it mean "waiting list"?
Are they waiting for new clients to bring in money so they can pay the old clients money back because they already spent it?
Every serious and honest broker does not touch the clients money. Every serious broker must be ready every time the client is requesting his money to give the client his money back.
The conclusion is: Prime4x is not a serious and also not a honest broker.
I already sent an email to the FSC (fscmauritius@intnet.mu) and will continue to fight for my money. The next step is to go next week to German police and ask them to start an investigation. I already put together a file including everything I have (account statements, emails, live chat protocols etc.).
I'm very surprised that FPA doesn't take any action at all.
Maybe they do have some relationship with Prime4x. Why do they recommend to contact Joe Adams but this guy does not help most of the people at all and is just delaying everything?
Other brokers were declared as scam very fast (i.e. instaforex) and action was taken.
What we as clients can do is spread the word as quick as possible into every forum we can find about Prime4x and warn people to open accounts with them. This should hurt them most.
Now its Prime4x turn to prove that they are a serious and honest broker and not a scam by honoring their clients withdrawals requests immediately.
Greetings from Germany
Peter