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Why is Ace Prime Capital a scam?

Started by Admin, Jun 20, 2023, 02:40 PM

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Topic keywords [SEO] scamCapitalAcePrime

Admin

This material contains the following information:
  • What is known about Ace Prime Capital;
  • Undeniable evidence that Ace Prime Capital are scammers;
  • Less significant indications that Ace Prime Capital is a scam.

When the situation came down to the main aspect of customer support, I was really pissed off. Their representatives were either unresponsive or unable to address my concerns with any semblance of competence. I thought I was dealing with a robot and my requests for help were ignored. At the time I urgently needed help in a situation of strong market movement, I found myself in a difficult position, and this eventually resulted in me losing a significant amount of money.

What other signs and evidence is there that Ace Prime Capital is a scam?

As stated above, Ace Prime Capital and its employees are no strangers to aggressive selling, insults, show an enviable lack of skill, use marketing tricks like offering gigantic earnings, falsify reviews. Ace Prime Capital has no legal data on its website, not even a public offer agreement, while any broker should have documents confirming the broker's regulation, registration documents and optionally some kind of merit. Google the situation is the same as with the reviews, they are all boilerplate. The fact that Ace Prime Capital doesn't pay out money is a common indicator of a scam. Representatives of Ace Prime Capital also like to give bad signals on which it is not only impossible to get income, but on the contrary, all the money is lost. Scammers often discount such signals in order to make a profit and get more commissions and fees, although it is more likely to refer to consultants of real brokerage companies that are scamming in this way. But the too frequent crashes of Ace Prime Capital platform are also a clear indicator of a scam.

Let's now take a look at the comparison between what Ace Prime Capital offers and an adequate regular office. How must a good brokerage platform function? A good trading platform is a key tool for clients, giving them the chance to access the global markets and make informed investment decisions. A good platform should have both cent and virtual in addition to the standard one.

What is known about Ace Prime Capital

In brief, almost nothing. The firm came into being last year. It is not known in which city it is located. There is no credible information for just over half a year of existence of the brokerage company. There is only negative information about the firm, but first things first. Volunteers attempted to find information on the Internet about the location of the firm's legal address but ultimately found nothing. On the contrary, any serious firm tends to be most open and transparent and inform its investors, so they know whom they are going to entrust their money to, but as we see, those who own Ace Prime Capital do not think so.

Furthermore, an extremely important feature of a cool trading platform is good security features. Ensuring the protection of traders' individual information and financial resources is of utmost importance. A good marketplace must have good security practices, such as two-factor verification, Secure Sockets Layer (SSL) protection and technology. All of these and other things in order to strongly protect investors from scams, account theft or hacking into the investment platform itself with a large data leak. None of those things are anywhere near on the Ace Prime Capital platform.

A quality brokerage platform should be available in both mobile and desktop versions. In today's fast-paced world, clients must be able to access their brokerage platform on the go. This would allow, for example, to watch the lightning-fast changes in the environment and instantly sell or buy an instrument if there is a compelling reason to do so. A good platform should have an adaptive mobile app as well as a full-fledged desktop version in order to meet a variety of user preferences and needs.

Initially, it was clear that the level of professionalism and competence at Ace Prime Capital was clearly close to zero. Their platform was constantly unreliable, with frequent technical glitches and a user interface that could only be described as ludicrous and incomprehensible. This alone made deal execution frustrating, but the difficulties didn't end there.

Entrusting your finances to Ace Prime Capital is a decision you are likely to regret, as I did after all this. I have dealt with the unpleasant reality that this is the worst thing that could have happened to me as a person, and I hope that personal experience will serve as a kind of stop sign for others who, are considering the decision to give personal money to this ugly brokerage company."

The main fact that confirms that Ace Prime Capital is a scam

Of course we are talking about the lack of regulation. The regulator has many functions, especially checking offices of brokers, inspections of specialists, controlling of financial component, traders and control of solvency of the firm. But the most important function of the regulator is to prevent financial manipulation. There are many ways to manipulate money, one of them being writing off a trader's money without his approval, or using a client's money in transactions he hasn't authorized. A few months before the crisis of two thousand eighth and ninth, major banks in the US did this on a massive scale. Through regulators, an investor can, for example, recover the money. The regulator has its own rules by which they certify the qualifications of analysts of financial companies, including trading companies. This in turn ensures that their clients are dealt with by professionals. Ace Prime Capital does not have any authorization for brokerage activities, not even regulated by some fake structure.

What is also bad is that it affected me a lot on a feeling level. Not only have I lost a significant amount due to Ace Prime Capital's fecklessness, but this whole ordeal has also planted an aftertaste of betrayal in me and a deep distrust of the brokerage industry. I can't escape the bad thoughts of the dozens of hours dedicated to resolving problems and recovering financial losses triggered by the fecklessness of this office.



The consequences of dealing with Ace Prime Capital

What happens in a situation where you or someone else spits on all the evidence mentioned in this article and wants to try to partner with Ace Prime Capital? Let's imagine it. Let's take a review on Ace Prime Capital from Reddit:
"I am leaving this review to share my personal traumatic experience with Ace Prime Capital and to keep potential clients safe before they even consider handing over their personal hard-earned cash to this company. In my many years of trading experience I have never come across a worse brokerage firm, and it has left me with a nasty taste in my mouth and a huge decrease in confidence in the industry in general.

My experience with Ace Prime Capital

The facts that have been mentioned so far are already enough to draw a correct conclusion about the true nature of Ace Prime Capital. We decided to double-check everything personally to be 100% sure.
We registered, Ace Prime Capital representative called us back and immediately started to persuade us to deposit a large amount to the account. During the conversation, the representative of Ace Prime Capital used aggressive sales tactics and unseemly flattery. We funded our account for a minimum amount of 25$ and decided to use the signals provided by this broker. What happened afterwards? We lost almost the whole amount in a couple of transactions and tried to withdraw the money, but the money was not transferred to us. Ace Prime Capital manager called again and tried to dissuade us from withdrawing the money and on the contrary to transfer the money once again to the account and open trades and according to him if I had done so I would have been compensated. It is unclear why they did not immediately refuse to refund the money without me once again giving the broker my money. It's not hard to understand that if I had done that, they still wouldn't have given the money back, not a cent.

A normal brokerage site should have a nice interface. A competently designed, subliminally understandable user interface is necessary for a trading platform. It makes it possible for investors to navigate the platform, manage their personal accounts and make transactions without difficulty. None of this is available on Ace Prime Capital. We have seen many different platforms and it is a very familiar thing to us, but in spite of the considerable expirience it is very difficult to navigate in this marketplace alone.
A good investment platform must offer a diversity of investment possibilities. A quality investor platform must provide a wide range of trading solutions, including stocks, bonds, ETFs, mutual funds, options, futures and other securities. This enables clients to diversify their accounts and have access to many classes of instruments. There is a very huge number of instruments on the Ace Prime Capital platform, however the catch is that Ace Prime Capital scams and transactions in these assets are not real, it is all virtual, like in a game. Buying stocks through the platform of Ace Prime Capital you do not actually acquire anything because Ace Prime Capital has no license and therefore is not allowed to cooperate with the world markets and thus you do not actually acquire anything through a broker on the international market. In general, the Ace Prime Capital platform not only has a useless usability, but the platform is also quite ugly from an aesthetic point of view.
As we can see, the person not only lost money and nerve cells, but also did not gain any positive trading experience, only disappointment in Forex. If you look at other reviews, they have approximately the same content. The most common complaint is that Ace Prime Capital does not pay out investments. Investors also write about the global inexperience of Ace Prime Capital managers. We have read many reviews about Ace Prime Capital and we have seen many times that Ace Prime Capital employees use obvious tricks and use insults when talking to investors. Reviews on a normal investment organisation should say otherwise, or at least it shouldn't be that bad. Basically, the opinions on Ace Prime Capital also clearly demonstrate that Ace Prime Capital is a common scam.

What else should be on the platform of an adequate broker? Research tools! A trading platform must give investors access to research tools and resources. These can be financial news, analyst reviews, corporate financials, technical analysis tools and more. These tools enable investors to make informed investment decisions rather than doing the wrong thing. And how can one make normal investment decisions when all Ace Prime Capital has on its platform is a calendar? Real brokers are concerned about their traders' ability to make informed decisions, because it directly affects the long term prospects of cooperation with each other.

Reviews on Ace Prime Capital

What do the opinions on Ace Prime Capital say? Purely about the scam and the general unqualification of Ace Prime Capital representatives. The ratio of good to negative reviews is naturally in favour of the negative ones. Favorable reviews on Ace Prime Capital are similarly not all that simple. The trouble is that all of them are too similar and were written not so long ago and in fact in the same time. All this suggests that these positive opinions are fake. Read one such review:
"Ace Prime Capital is a great company! The firm has permission to conduct brokerage activities. I earn 50-100% a month of the amount in my account and I spend fifteen minutes a day trading. I recommend Ace Prime Capital to everyone!"
A really cool company! One that can make the average investor a millionaire in a few years, because the trader will be able to earn one hundred and fifty to two hundred percent a month. We are sure that it is already obvious that this is not a real review.
Here's another review on Ace Prime Capital left on Reddit:
"Ace Prime Capital is the best broker in the world. I don't understand why Ace Prime Capital is not yet #1 in the Eurozone and the US! The customer service is top notch and the staff at Ace Prime Capital are very competent. I have been working with the company for almost four years and I am doing well."
And we also can not understand why this broker is not the best... among swindlers until now.
Note that those people who corrected the reviews are not even aware of Ace Prime Capital "working" for about half a year, but certainly not for several years, which say this trader interacts with Ace Prime Capital. Any pruf that confirms that Ace Prime Capital managers are "the smartest" is not given.

Comparing Ace Prime Capital to a decent firm

This part of the article has the following information:
  • What an adequate brokerage organisation's platform should look like;
  • What about the Ace Prime Capital platform;
  • Comparison of a normal trading platform with what Ace Prime Capital has.
.

Total

You've seen it all. Ace Prime Capital is different even among scams. The firm is to the point of being so awful that there is no place to put a stigma on it. The reviews on Ace Prime Capital that don't resemble artificial are overflowing with negativity. The victims often write investments are not returned, managers are abusive, the platform is uncomfortable, it is lagging most of the time and there are unpleasant memories from cooperation with the company. If you do not want to face the same thing as other traders, in any case do not even leave your contact information on the website of Ace Prime Capital, or if you have already left it, just block the phone numbers of investors and do not pay attention to them. If you do discuss anything with the managers, there is a risk that scammers with their talents and experience of swindling will be able to wrap you round their fingers and steal your money. After all, scammers aren't just offering any investment options, they are trying to gain the trust, befriend their victims, lure them in with the promise of exorbitant earnings.