Dutch Prime Securities Is a CFD broker founded in 2020 and headquartered in Kuala Lumpur, Malaysia. It provides CFD trading services for stocks, indices, and precious metals and supports the English interface. The platform provides MetaTrader 4 (MT4) trading platform, but information about minimum deposit requirements and account types is not disclosed. The leverage can be up to 1:400. Dutch Prime Securities operates two social platforms, namely Facebook and Instagram.
The Company Background and Regulatory Information of Dutch Prime Securities | Is it trustworthy?
Dutch Prime Securities Website Registration Date
According to Whois query, the official website domain name of Dutch Prime Securities was registered on July 21, 2020. But strangely, the website date displayed on the official website of Dutch Prime Securities is 2018. This makes people wonder what tricks are being played. The website was obviously registered in 2020, why pretend to be established earlier? This kind of "time travel" seems to be to make itself more historical and increase credibility, but it just exposes its unreality. Therefore, facing such a novice platform, everyone really needs to be more careful.
The Unveiling of Dutch Prime Securities' Company Background
Dutch Prime Securities, the name gives people a feeling of being a "big Dutch brand", but if you look closely - the registered place is in St. Vincent and the Grenadines, but the headquarters is in Kuala Lumpur, Malaysia, and has nothing to do with the Netherlands! It's like someone calling himself the "New York Pizza Master", but actually selling pancakes in a small alley. Such an arrangement is nothing more than to add a little international style and fool those investors who don't know the truth. St. Vincent and the Grenadines is a well-known "offshore paradise" because its regulatory requirements are quite loose and financial supervision is not strict. It has become the preferred registration place for many fraudulent companies. Just fill out a form and you can turn yourself into a "legitimate company", but in fact, these companies have no security guarantees for customers at all. This chaotic background has greatly reduced the credibility of Dutch Prime Securities.
Interestingly, the contact address claimed on Dutch Prime Securities' website, P.O. Box 1510 Beachmont Kingstown in Saint Vincent and the Grenadines, is actually associated with Integra Holdings Ltd according to the UK Companies House. There is no connection between Integra Holdings Ltd and Dutch Prime Securities. Such confusion severely impairs Dutch Prime Securities' credibility.
Regulatory Information of Dutch Prime Securities
Regarding regulation, Dutch Prime Securities claims oversight by the Financial Services Authority of Saint Vincent and the Grenadines (SVGFSA), which does not regulate forex and margin trading or issue any forex licenses. It primarily supervises banking, insurance, and mutual funds, which do not match Dutch Prime Securities' claims.
In essence, the so-called "SVGFSA regulation" is a guise to falsely assure clients of funds' safety, when in reality, no regulatory agency is accountable. Though Dutch Prime Securities asserts compliance with NFA and FinCEN, checks reveal their NFA ID doesn't appear in the NFA’s records. Their touted MSB license suggests legitimacy but doesn't hold scrutiny. Examining the roles MSB licenses cover—currency exchanges, forex trading, traveler's check issuing and sales, remittance services, and prepaid card sales—none reflect Dutch Prime Securities' true operations, either asset management or financial trading services. Moreover, the MSB license is U.S. and territory-limited, while Dutch Prime Securities targets Indonesia, Malaysia, Thailand, South Korea, the Philippines, Myanmar, Vietnam, and Japan, indicating violations. This "regulatory license" serves merely as a tool to mislead investors.
Website Traffic of Dutch Prime Securities
According to Ahrefs, Dutch Prime Securities has very little website traffic, with only 28 visits in total, all from Malaysia. What does this low traffic mean? First of all, this platform is basically unused. If you want to find someone to exchange experiences with, you can probably only talk to the air. Secondly, the small number of users also means that the platform's liquidity and transaction execution may not be very reliable. If no one trades with you, can the transaction be completed smoothly? In the final analysis, for a truly competitive international financial platform, such low traffic is a big problem. If it can't even attract users, how reliable can it be?
Educational Resources of Dutch Prime Securities
When we clicked on the Webinar in the Education section at the bottom of the Dutch Prime Securities website, we actually saw a page in Chinese. It's hilarious that an official website in English has Chinese educational resources - which country's users are they trying to serve? What's even more puzzling is that Dutch Prime Securities also claims that they have more than 500 students, but looking at their website with only 28 visits, it's hard not to ask: where did these 500 students come from? Are they virtual students? This contradictory propaganda is really ridiculous.
What's even more interesting is that the lecturer invited by Dutch Prime Securities is William Wong, who claims to have ten years of investment experience, but we can't find any information about William Wong on LinkedIn. It's too unreasonable for an expert who claims to have ten years of investment experience to not even have a LinkedIn account, right?
Conclusion
Dutch Prime Securities tried to package itself as a legitimate and trustworthy CFD broker, but from the various details we revealed, this "package" is full of holes. It claims to be regulated by the NFA and MSB, but in fact, there is no valid evidence to support these claims; there is a huge discrepancy between the company's registered place and the actual place of operation; the educational resources are self-contradictory, and the qualifications of the lecturers are unsubstantiated; even the website traffic is pitifully small, but it claims to have hundreds of students, all of which makes people shake their heads and smile bitterly.
In summary, the various propaganda and promises of Dutch Prime Securities are just a false shell, full of various risks and hidden problems behind it. If you hope to find a truly reliable trading platform, then stay away from Dutch Prime Securities and avoid falling into its carefully designed scam.
