PrInvest is a forex broker established in Saint Lucia on July 21, 2023, primarily providing stock trading services to investors. The company is headquartered in Montenegro. This broker does not offer services to jurisdictions where it may violate local laws or regulations, such as Turkey.
Corporate Registration and Regulatory Status:
According to the information publicly available on the PrInvest official website, the corporate entity registered in Saint Lucia is PRINVEST LTD, with the company registration address at Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia, and the office address at U1. Cetinjska BR. 11, 81000 Podgorica Montenegro. The company registration number is 2023-00324.
Upon verification, an entity named PRINVEST LTD with the registration number 2023-00324 is listed in the Saint Lucia International Business Companies and International Trust Registry (ifc). However, this company is not authorized or regulated by the Financial Services Regulatory Authority (FSRA) of Saint Lucia, nor by any other official financial regulatory authority in other jurisdictions. According to information obtained from Whois, the domain name of this broker's official website was registered on May 5, 2022.
Account Opening:
To open an account with PrInvest, visit the broker's official website. There is no login portal available; the only option is to click on "CREATE REAL ACCOUNT" on the homepage to access the account registration interface. You are required to provide your name, email address, phone number (including Turkish phone numbers), and set a login password. After submission, you will be redirected to another page, but this page only offers options to return to the homepage or contact PrInvest. There is no indication of successful registration, nor is there a login portal.
Account Types:
PrInvest claims to offer both demo and real trading accounts on its website. However, the site does not disclose important information about real trading accounts, such as the initial minimum deposit, spreads, trading leverage, trade sizes, and trading commissions.
Trading Platform:
PrInvest has not disclosed the trading platform it offers on its official website.
Deposits and Withdrawals:
The broker has not disclosed the supported methods for deposits and withdrawals on its website.
Summary:
Traderknows reminds investors that PrInvest is an unregulated offshore broker. As of January 9, 2024, it has been registered for less than six months. Additionally, the broker's official website lacks a login portal, and there is no information indicating whether an account has been successfully created following the process. The account information and deposit and withdrawal methods are also unclear. Traderknows advises investors to steer clear of PrInvest and to opt for brokers with transparent information, strong regulation, and good reputations to avoid unnecessary financial losses.
Currently, PrInvest is marked as "suspected of fraud" on Traderknows.
