13 April 2022

FMA warns against illegal derivative services offered by Prime Capital Limited

FMA are concerned that Intelligence Prime Capital Limited (also known as IPRIME CAPITAL) and the websites iprimecapital.com and member.iprimecapital.com may be offering derivative services to New Zealand residents illegally.

The entity offers trading in derivative products via their website. They are not a registered entity, nor a registered financial service provider in New Zealand. As such, they are not registered to provide financial products or services to New Zealand residents. We have received a report from a New Zealand resident that they have been unable to withdraw funds invested with Intelligence Prime Capital Limited.

We also note that the company is subject to warnings by the Ontario Securities Commission, the British Columbia Securities Commission and the Spanish National Securities Market Commission. We recommend exercising caution when dealing with this entity.

Entity name: Intelligence Prime Capital Limited (also known as IPRIME CAPITAL)
Email: [email protected]
Address: 1 Yonge Street, Suite 1304 Toronto on M5E 1W7
Website: www.iprimecapital.com; member.iprimecapital.com