Read our Prestige Coins review to see if we recommend this broker for trading. Just to clear doubts, this is a prestige-coins.com review.
Who are they?
After taking a look at their website, it shows that they do not fall under any regulating agency. That is a MAJOR RED FLAG!! That should be enough for you NOT to invest with them. And they also work with websites that offer “Automated trading software” which is another red flag, as this kind of websites are notoriously famous for scamming schemes.
So Prestige Coins is just another unregulated forex broker, which means the customers are not protected, and there is highly likely they will get away with your hard earned money and there will be no regulating agency to hold them responsible.
How does it work?
Usually unregulated forex brokers work in the following way. They will call people to persuade them to make the initial minimum deposit, while trying any conceivable method in order to make that happen. They will offer deals that sound too good to be true, like we will double your initial deposit or you will make $100 per day easily. Please don’t fall for anything they say!!! It is a SCAM! After making the initial deposit, people get transferred to a smarter scammer, called a “retention agent”, who will try to get more money out of you.
Withdrawing funds
You should submit a withdrawal request ASAP, because your funds are never safe with an unregulated broker. And here is when things get tricky.
If you want to withdraw your money and it does not matter if you have profits or not, they will delay the withdrawing process for months. If they delay it for six months, you won’t be able to file a chargeback anymore and your money is gone for good. It does not matter how often you remind them or insist in withdrawing your money, you will NOT get them back. And if you signed the Managed Account Agreement or MAA, which is basically authorizing them to do anything they want on your account, they will lose all your funds so there won’t be anything to request anymore.
How to get your money back?
If you already deposited your money with them and they refuse to give your money back, which is very likely to happen, don’t worry, it might be a way or two to get your money back.
First of all you need to keep the emails as a proof that you have been requesting the money back from them but they don’t give it to you, or they delay the process for too long, with the intention of not refunding your money.
The first thing you should do is perform a chargeback! And you should do this right away! Contact your bank or credit card provider and explain how you were deceived into depositing for a trading company that is not regulated and they refuse to give your money back. This is the simplest way of getting your money back and is also the way that hurts them the most. Because if there are many chargebacks performed, it will destroy their relation with the payment service providers. If you haven’t done this before or you are not sure where to start or how to present your case to your bank or credit card company, we can assist you in preparing your chargeback case. Just contact us at [email protected] but do not let your broker know they you read this article or that you are in contact with us.
What about wires?
If you sent them a wire, there is no way to perform a chargeback on a wire. For this step you need to raise the fight to a different level. Tell them that you will go to the authorities and file a complaint against them. That will get them to rethink the refund possibility. Another thing you can do is prepare a letter or email for the regulating agencies. Depending on the country where you live, you can search on google to find the regulating agency for Forex brokers in that country. After that you can prepare a letter or an email describing how you got deceived from them. Make sure you show this letter or email to them, and tell them you will send it to the regulating agency if they don’t refund your money. If you do not know where to start, reach for us at [email protected] and we will help you with this step as well.
Make sure you leave reviews about Prestige Coins in other sites
Another way to hurt them and save other people from falling victims is to leave bad reviews on other sites, and describe shortly what happened. If you fallen victim please leave a review and a comment on this site at the comment section. Also, when these people change their website they tend to call the old clients, so if they call you from a new website please write it down on the comment or let us know it by contacting us. That would be really appreciated by us and families all over world. Also if you get phone calls from other companies please put the name of these companies also in the comment or send it to us. We will expose them too.
Prestige Coins Review Conclusions
Making the Prestige Coins review is actually a pleasure for us, and we hope to save as many people as possible from losing their hard earned money. A good rule of thumb is to carefully review all the Forex companies and any other company for that matter, before you perform any transaction. We hope that our Prestige Coins review has been helpful to you. If you have any questions or you need an advice about the withdrawing process, feel free to contact us at [email protected] or by using this contact form.
If you like to trade please do it with a trustworthy, regulated broker, by choosing one of the brokers listed below.
Yes I fell victim to (prestige coins) scam, i was scam out of a large some money, all that was discovered here about this broker, is the truth, they are professional thieves /criminals, they have no heart for anyone, please people be aware of this platform it is dangerous, they will take all of your money and what have you, then leave you hanging, like they did to me, they also have a British accent, very friendly and convincing, another platform you must be aware of call (CA Trade Capital) that contacted me, they scammers too also unregulated, please stay away.
I got scamed by prestige-coins.com too.
Stay away from them.
(1/5)
I got scammed by them recently and not sure how to get my money back. Can someone pls.advise?
(1/5)
Prestige coins are crooks they tell lies And steal your money. They are working with another trading company call Ndax. Ndax will act as if they don’t have a clue and basically leave you out in the cold.
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I told them I was going to do some research and they proceeded to call me 5-6 times over a 2-3 day period. That was a red flag.
Prestige-coins is definitely a scam. I was helping my friend withdraw funds from his account and here is how they handled it. Once the withdraw request was submitted, Joe Swartz supposedly from their account department called my friend and scheduled a withdraw consultation meeting in few days. Just before that call, my friends account grew 400% over night. During the follow up call from Joe, he calculated the inflated amount in Canadian $$ and then calculated 5% commission which he asked to be paid in advance. This was Joe’s attempt to scam more money from my friend. No one pay trading commission in advance. The account amount has not changed since. Basically Joe inflated the account total just to get a higher commission from the account owner. Joe also said that Prestige-coins is regulated by https://fsaseychelles.sc/. I have reached out to this company and they have no record of Prestige-coins. Don’t fall victim to this company
Good afternoon Jerry. I have been scammed too, were you able to recover any of your money?
Read my comment. I’ll like to hear from you.
Michael-I was scammed and one of the transactions your name was the person I had to use. Jerry was also a name I had to send money to. I have been disgusted since I learned these scammers conned me! Contact me
Scam, stay away! They kept in good contact with me on telegram until I made 10k Euros in one day trading coffee. After that gone with the wind.
(1/5)
Prestige Coins scammed me as well. I dealt with two so-called brokers, Adam Miller, and Joseph Schwartz. After I deposit the initial $250.00 USD they started to call me about investing more until my balance reach over 5,000.00 EUROS (about $7,500 CAD). They did trading on my account while always calling me for more money. I kept staling, this lasted for about 5 months. Then I asked for a withdrawal of 2500.00 EUROS from a balance of 12500.00 EUROS.
Then it began, they open losing trades while telling me that I cannot withdraw when I have open trades and that I have to close them myself, etc. All of this pushed me into closing the account. So request it, after Joseph Schwartz did his final calculations, the balance on my account went from 10,850.00 EUROS to 34,476.52 EUROS. Then they told me about a closing fee of $6,884.00 that I need to pay in advance. I refused, then they lower it to $2,500.00 and again to 5% of the profits. Still, I refused.
Now, I have nothing. Does anymore know if PRESTIGE COINS really exist? I can log into my account, it’s inactive but my balance still shows 34,476.52 EUROS. Can I trade with it?
Did anyone know if somebody ever recuperate their money from them, and how did they do it? I filed a complaint with the ASC (Alberta Security Commission) and the RCMP, I contacted NDAX (Crypto Currency Bank) who funneled the money to Prestige Coins. Nothing came out of it. Please, any tips or advice would be greatly appreciated.
This sounds so familiar,just changed some of the circumstances. Adam Miller was my trader also. Contact me.
OMG…. I have 90% the similar story with same names but a huge amount that I lost. Nothing came back. They have changed their website. Their own website is not existing anymore. I could access their new website a while ago but not sure why I cannot find it any more. I can’t even access my account anymore.
I filed a complaint with FINRA also but nothing useful. I even talked to Adam Miller and cursed him alot for doing this to me and my family but nothing done. that was my last conversation. They actually make money with out money but don’t give anything to us.
Hi Grace: I guess misery likes company after getting your comment I don’t feel so bad that I was scammed and thats what they had in mind the whole thousand times they called me!!! I started with the initial deposit and immediately I was contacted by Adam Miller who was to be my personal investment manager. He had such great deals and ended up I should put more money in to become a “gold or platinum” member. Then I should invest enough to buy a “bitcoin”. Then they had a great investment and so I wouldn’t lose out on it they apparently “loaned” me the money to my account and when they receive my money I would pay them back from my thousands in profits I was supposed to make. They wanted almost $50000. but I would get over $100000. When I wouldn’t do it they threatned I would be charged, the police would be at my door etc. I received calls from many more people claiming to be their finance dept/security dept/head of the company in the UK/ owner of the company in Sweden or somewhere. Harassment I wanted my account closed and just send me my initial $15000.00 and they could have the rest but they could not get any money either until I completed this transfer of more money.!!!! SCAM SCAM SCAM
Hi Reta,
These are all life lessons !! Trust me I lost way…… more than what you lost to these guys. If ever want to do anything, learn and do it by yourself unless giving money to someone else. I am learning to do options trading these days to make my money back. This way if I loose something that will be on me only but I am sure I will be able to make my money back may be in a year or so… I lost large amount…
If you invest 10¢ with Prestige Coin you will just be 10¢ poorer
Add me to the Canadian Alberta list, I only lost 26,000,000. Euro. Joseph Swartz ,Richard LeBlanc, John . are all get guys but slither like snakes. I wish the Government would send them to jail, they actually deserve more.
Still festering I am not proud to say that these crooks SCAMMED me out of over 38 MILLION CDN. They actually tried to get me to take a morgage out on my property, in addition to my line of credit, charge cards and every cent I have saved my life. I can only say I wish them the worst and the authorities put them in hard labour for a long time. My crooked friends Joseph Swartz, Richard LeBlanc To bad they dont have you in jail for Christmas!
(1/5)
Does anyone knows of any open investigations on Prestige Coins.
I did file a complaint with the RCMP in Alberta. After a few days they call me to tell me it wasn’t a crime!!!
A few weeks later they toll me they couldn’t issue a warrant!!!! I never understood their reasoning nor their explanation.
Does anyone else filed a complaint with any law enforcement?
Hi Michel,
Yes, I filed a complaint with FINRA. Its a US regulatory authority. They asked me for more details which I provide but I am still waiting for their response since after that. I will try to call them again to know the status of my claim.