Abdel Rahman Alimari is also "Omari" of Prime4x.
2010-12-22: Prime 4x has missed too many deadlines, broken too many promises and failed to pay too many traders. The FPA has no choice but to declare Prime4x to be a scam. They have been promising that issues would be fixed "soon" since the summer of 2010.
Prime4x is now blacklisted by the Forex Peace Army. We warn traders to not open accounts there. If you have an account with Prime 4x, we recommend that you try to withdraw all of your funds immediately.
UPDATE: The Prime4x website has been down since March 2011. It looks like Prime4x is dead!
Prime4x is refusing to communicate with the FPA over client issues. We are becoming convinced that Prime4x has no intention of paying the money owed to most who have complained.
We are told that as of December 2010, Prime 4X hired additional staff to resolve lingering withdrawal issues. Despite this, the number of complaints has been increasing and the number of confirmed payments still remains unacceptably small. Several of those who have gotten one long-delayed withdrawal now complaint that they can't get a second withdrawal processed.
Currently, Prime4x can not use Liberty Reserve. Bank wire seems to be the preferred method. Non-Iranian clients can also use MoneyBookers.
IB WARNING: There are severe issues regarding withdrawals from accounts associated with IBs that accepted deposits and payed out withdrawals. Originally, the FPA thought this was primarily limited to one or two IBs, but the problem seems to extend further. The FPA recommends AGAINST depositing money with any broker via an IB. If you have placed money this way, the FPA recomends that you try to withdraw it immediately. Othewise, you risk having your broker and your IB each claim that the other has your money.
2010-12-09 : We have an unconfirmed report of at least one Prime4x IB being held in police custody over money owed to clients by Prime4x. As of December 17th, we have no confirmation that a withdrawal of $2000 reportedly removed from a client's account on August 31st has been sent. As far as we know, clients remain unpaid. We have been informed that the IB is now out on bail.