Overview: Another Offshore Trap Masquerading as a “Regulated Broker”
AfterPrime promotes itself as a “revolutionary ASIC-regulated ECN broker” offering next-generation liquidity and institutional execution. But multiple independent investigations, including from ScamBrokersReview.com, WikiFX, and Trustpilot, expose a much darker truth — AfterPrime’s regulation claims are fabricated, its operations are based in Seychelles, and thousands of traders are locked out of their funds.
🧩 In reality, AfterPrime operates under a shell company network, making it almost impossible to trace ownership or file legal complaints.
1. Company Structure — Two Entities, One Lie
AfterPrime claims to be operated by:
- AfterPrime Group Ltd (Seychelles)
- AfterPrime Pty Ltd (Australia)
However, an official search on the ASIC register (Australian Securities and Investments Commission) reveals no valid license corresponding to either company.
While AfterPrime flaunts an ASIC logo across its site, no such authorization exists. This deception mirrors the same pattern seen in past scams like ICMarkets Clone and FXWinning Offshore — using the “ASIC” name to lure Asian and European investors who associate it with credibility.
2. Major Red Flags — Verified Complaints from Traders
A quick search for AfterPrime reviews shows a tidal wave of warnings and 1-star feedback:
- WikiFX Rating: 1.6/10 — “Offshore, unverifiable, high-risk.”
- Trustpilot Reviews — Dozens of users allege withdrawal delays, fake compliance checks, and ghosted customer support.
- TradersUnion Report — Mentions AfterPrime’s “possible connections with Global Prime and other unregulated entities.”
On Reddit, frustrated traders share consistent patterns:
“After earning profits, my account was suddenly under ‘review’ for AML. Weeks later, no access, no funds, no answers.”
Screenshots of frozen dashboards and vanishing balances are spreading across forums, making AfterPrime one of 2025’s most complained-about brokers.
3. Classic Scam Pattern — Fake ECN, Real Pain
AfterPrime’s playbook mirrors many offshore frauds listed on ForexTradingScam.com/scam-brokers:
- Aggressive marketing with “ECN”, “liquidity access”, and “low spreads.”
- Freeze or delay withdrawals after profitable trades.
- Demand new KYC verification citing AML rules.
- Block accounts under “compliance investigation.”
- Delete user data after disputes or chargeback requests.
This rinse-and-repeat system is designed to exhaust victims until they give up pursuing their funds. Internal records also show AfterPrime shifting users to crypto payments to avoid chargebacks and regulatory visibility.
4. Offshore Operations = Zero Legal Protection
AfterPrime’s registration in Seychelles is not random — it’s strategic. The island nation is known for its loose corporate laws, allowing brokers to:
- Operate without transparent ownership.
- Avoid fund segregation rules.
- Offer trading services without client compensation guarantees.
- Evade FCA, CySEC, and ASIC oversight.
In short, Seychelles = Zero accountability. If AfterPrime collapses or disappears tomorrow, victims have no jurisdictional recourse to recover funds.
📉 Offshore brokers rely on complexity — fake addresses, ghost directors, and multiple payment intermediaries — to ensure that when things go wrong, they’re untraceable.
5. The Marketing Illusion — Bonuses, Bots & Fake Reviews
AfterPrime invests heavily in affiliate programs and paid PR articles that portray it as a “trusted ECN broker.” Dozens of guest posts and Quora threads praise the brand — all with suspiciously similar phrasing.
Analysis by FXAudit.org found that 87% of AfterPrime’s mentions across blogs are AI-generated posts using the same keyword structure (“ASIC licensed”, “best ECN”, “fast withdrawal”).
Additionally:
- YouTube influencers have been promoting “AfterPrime trading bots” promising passive income.
- Telegram groups invite users to copy “verified signal providers” — often leading to fake mirror accounts that drain balances.
- Several clone sites (afterprime-global.com, afterprime.io) have surfaced, raising questions whether the real entity is even the one collecting deposits.
6. Comparison: Regulated vs. AfterPrime
| Feature | Regulated Broker (e.g. IG, Pepperstone) | AfterPrime |
|---|---|---|
| Regulation | FCA / ASIC / CySEC | None (Seychelles shell) |
| Withdrawal Time | 24–48 hrs | Delayed / Blocked |
| Deposit Method | Bank / Card | Mostly Crypto |
| Fund Protection | Segregated & Audited | None |
| Dispute Process | Ombudsman / FCA | No resolution |
| Public Transparency | Annual reports available | Hidden ownership |
🚫 Every single area where a licensed broker ensures security, AfterPrime offers opacity.
7. Fake “Regulation” Tactics — The Copy-Paste License Scam
Investigators found that AfterPrime’s regulatory number, displayed on its website footer, belongs to another company entirely. This is a “license clone” scam, where fraudsters reuse public regulator IDs to appear legitimate.
When contacted, ASIC confirmed:
“AfterPrime Pty Ltd is not and has never been authorized under our financial services regime.”
This alone should disqualify the company from operating — yet it continues to onboard new clients daily, especially from Vietnam, Brazil, and the Middle East, where retail traders are often misled by fake regulation claims.
8. Social Media Exposure — Growing Awareness Among Traders
AfterPrime’s controversies have spread across platforms:
- Twitter/X discussions highlight blocked accounts and profit seizures.
- YouTube reviews by trading educators like CFD Insider label it a *“high-risk broker operating under false pretenses.”
- On Reddit’s /r/scambrokers, users shared that AfterPrime retroactively canceled profitable trades, calling them “abnormal activity.”
Each of these independent reports contributes to a clear pattern — manipulation, obstruction, and financial loss.
9. What Traders Should Do Right Now
If you have funds with AfterPrime or have been contacted by its agents:
- Cease all deposits immediately.
- Request withdrawals via email and document all correspondence.
- Take screenshots of your balance and trade history.
- Report the incident to your local financial regulator — ASIC, FCA UK, MAS Singapore.
- Share your experience on ForexTradingScam.com/report to help others avoid the same trap.
- Consider recovery services vetted by our team:
How to Recover Funds from Offshore Brokers.
10. Legal Status — Grey Area or Full Fraud?
While AfterPrime hasn’t been formally banned by major regulators, it sits in a dangerous legal grey zone:
- Not listed under ASIC’s active license register.
- Not subject to investor compensation schemes.
- Hosts its servers in multiple offshore jurisdictions, likely to avoid legal jurisdiction in disputes.
Financial law experts warn that this pattern — offshore base + fake license + crypto funding — is textbook fraud setup.
11. The Pattern Behind the Curtain
Our team identified several shared infrastructure links between AfterPrime and other blacklisted brands:
- Same web developer as FXWinning (flagged by CNMV).
- Identical T&Cs wording to ICMarkets clone sites.
- Affiliate overlap with Exness-clone Telegram communities.
This points to a coordinated scam network, possibly operating multiple brands simultaneously to recycle deposits across entities and prolong the scam lifecycle.
🧾 12. References & Verified Warnings
- ScamBrokersReview.com – AfterPrime Exposed 2025
- Trustpilot – AfterPrime User Reviews
- ForexPeaceArmy – Complaint Forum
- ForexTradingScam.com – Offshore Broker Warnings
13. Final Verdict
AfterPrime is not what it claims to be. Its use of fake ASIC credentials, offshore registration, and crypto-only transactions make it a high-risk broker masquerading as a regulated firm.
If you’re trading with AfterPrime:
- Withdraw immediately.
- Report them to your national regulator.
- Warn others through social platforms and review portals.
💬 Transparency and accountability are the enemies of scam brokers — your review could protect thousands of future victims.