A legitimate trader must maintain their brand image, so when they have disputes with users, they are willing to negotiate with the trader to solve the problem. Pu Prime is a trader regulated by the Seychelles FSA and South Africa FCSA, and his current approach to handling negative reviews is somewhat 'abnormal'. Next, let's take a look at a recent experience of a Huiyou on the Pu Prime platform.
Exposure: Huiyou actually doesn't have a lot of money invested in Pu Prime, only $1000. After a period of operation, his account earned a profit of $1351. When Huiyou applied for withdrawal, Pu Prime cleared his trading account, but the actual funds did not go to his withdrawal account.
In order to recover their own funds, Huiyou contacted the account manager and official email of Pu Prime multiple times, but all of them fell to pieces and did not receive any response.
In a fit of anger, Huiyou exposed the behavior of Pu Prime on websites such as Google and Trutpilot. Unexpectedly, this move attracted the Pu Prime account manager to negotiate and resolve the payment issue.
The payment request put forward by the Pu Prime account manager is for Huiyou to delete all negative comments he has posted online about his platform. In order to withdraw funds, Huiyou chose to compromise. He deleted all negative reviews before contacting Pu Prime. Unexpectedly, the platform and its account manager resorted to the same tactics and no longer replied to any messages. Huiyou was furious and believed that he had encountered a fraudulent trader, calling on other traders to avoid collaborating with Pu Prime.
This exposed user is an overseas investor, and in some domestic industry media, it can be seen that Pu Prime also has many domestic users. Its comment area is full of negative reviews, accusing it of being a black platform that privately transfers customer funds, and even "deducting hundreds of dollars".
PU Prime operates beyond the limit and has been listed as a warning for multiple countries
The official website of Pu Prime is still operating normally. Its website claims that PU Prime is the commercial name of Pacific Union (Seychelles) Limited and is regulated by the Seychelles Financial Services Authority. PU Prime's risk warning states that website information is not targeted towards residents of countries such as the United States, Singapore, and China. But in reality, this is not the case. China still has its victims; That is to say, PU Prime does not provide services to residents of some countries, but does not refuse investors in these places to use it.
It is worth noting that the behavior of PU Prime, which is known as "openly building and secretly investing", has been warned by financial regulatory agencies in multiple countries:
On October 17, 2022, the French regulatory agency AMF added the French website of PU prime (fr. uprime. net) to the warning list.
On May 30, 2023, the Danish Financial Supervisory Authority also issued a warning stating that PU Prime was promoting investment services to Danish citizens without FSA authorization.
The UK FCA has issued two consecutive warnings against PU prime this year. On November 10th, the FCA warned UK investors that PU prime was not subject to its regulation, reminding them to avoid dealing with PU prime and to be wary of fraud.
Ai Hui Cha Reminder:
Seychelles regulation is originally offshore regulation, and its effectiveness is not very high. The reason why Pu Prime has been warned by multiple financial regulatory agencies also means that this license is not recognized by many countries, or that Pu Prime has caused losses to investors in these countries. Pu Prime claims not to provide services to Chinese customers, but accepts Chinese customers, which is clearly an excuse for its violation. Please be vigilant.
