Stay away from this scam!Intelligence Prime Capital scam
Unfortunately Intelligence Prime Capital (Iprime Capital, IPCAPITAL) is a scam that can only lose you money. You have to stay away from it. Here is why.
Not regulated, lying and illegal
The first thing we have to address with Intelligence Prime Capital is the legitimacy of the company. The first problem is that there is no real company behind this name. There is no contact information on its official website.
You will find only an e-mail address, thats it. Which already is a huge red flag for a company that is offering financial/investment services. In fact, it is outright illegal in most countries.
Since IPC is providing investment services, it has to be regulated. But it is not. It has no authorization to be a broker in any country of the world. Therefore it is an illegal broker. Deposits are not protected in any way with this broker.
Intelligence Prime Capital is based in Toronto, Ontario, Canada. But the Ontario Securities Commission published a warning against the company, because it is not authorized to provide services it is offering to the public. The British Columbia Securities Commission has warned against Intelligence Prime Capital too. And the Spanish regulator CNMV.
There is a financial license in Australia from the regulator ASIC for Intelligence Prime Capital, but it was granted to HLK Group and HLK Group does not have anything to do with Intelligence Prime Capital. In fact, they warn against it on their website, see the following picture.
We also hear that the broker is telling to people that it is registered in Canada. It is not. In fact it has already been blacklisted by at least one financial regulator in Canada, namely in British Columbia.
And that is not all. Intelligence Prime Capital is clearly lying about its history. Because it says it has been on the market for 15 years and that it has more than 300,000 happy customers.
While in reality the iprimecapital.com website was registered in June 2021 only, see our picture below. So it certainly has not been around for 15 years and the broker certainly has not over 300 thousand customers, let alone happy.
This facts prove that Intelligence Prime Capital is an illegal broker and a scam that you have to avoid.
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