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Our team recovers funds for investment platform scam victims across UK, EU and Nordics. Free case check, no win no fee, honest odds upfront.
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Our refund process for Primewave Capital victims
- Stop paying immediately. Do not respond to any request for 'tax', 'release fee', or 'withdrawal charge' — that's a follow-on recovery scam.
- Preserve your evidence (60 seconds). Save every screenshot, WhatsApp message, email and bank transfer receipt from Primewave Capital. This becomes the core of your bank complaint.
- We file the PSD2/APP-fraud complaint with your bank — a full dossier citing the official regulator warning plus FSCA FMA s.6. Your bank has 30 weeks to respond.
- We escalate to the FAIS Ombud if your bank refuses. Our escalation team overturns 62% of bank refusals in cases like yours.
- We coordinate the criminal report with SAPS Hawks — this creates the paper trail that unlocks mandatory reimbursement and freezes the scammer's remaining assets.
🇿🇦 The FSCA warning against Primewave Capital — explained
Primewave Capital is operating without authorisation from the FSCA (South Africa). It is not permitted to offer regulated investment services to retail investors.
Official warning published on 3 August 2026.
Is Primewave Capital still online?
This operation is not part of our automated daily uptime checks, so we cannot say whether its website is online right now. The regulator warning for Primewave Capital remains in force. If anyone claiming to represent Primewave Capital contacts you, treat it as high risk — and never pay any fee to "release" funds.
What we know about Primewave Capital
The FSCA (South Africa) has placed Primewave Capital on its warning list as an unauthorised firm operating without a licence. If you deposited money with Primewave Capital, a free case review will tell you honestly whether it can be recovered.
Full guide: How to recover money lost to investment fraud →
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Message us on WhatsAppHow this scam works
FSCA flagged Primewave Capital after receiving multiple victim reports. This type of platform typically starts with a small "trial" deposit, shows fabricated profits to build confidence, then pressures larger deposits before all withdrawal attempts fail. Recovery is possible through FSCA FMA s.6 because your bank has a duty of care under PSD2.
Red flags to recognize
- Website domain registered within the last 6 months (young domain = red flag)
- Uses "regulated by" claims from offshore jurisdictions (Vanuatu, St Vincent, Marshall Islands)
- Trading platform shows unrealistic profits that always go up (fake pricing engine)
- Impossible to withdraw even small test amounts — always some technical issue
- Aggressive sales tactics: told you the opportunity closes today
Recovery timeline for this case type
Recovery from Primewave Capital follows a clear process. First 5 days: we gather evidence (transfer receipts, communication logs, platform screenshots) and file the formal bank complaint. Next 6-8 weeks: the bank investigates under PSD2 obligations set by FSCA FMA s.6. If the bank refuses, we escalate to FAIS Ombud within 72 hours. Ombudsman decisions typically take 3-4 additional months. In parallel we coordinate criminal reporting.
Frequently asked questions
Can I recover funds from Primewave Capital if my bank already refused?
Yes — this is one of the most common scenarios we win. Under FSCA FMA s.6, your bank must justify a refusal in writing. We appeal the decision, submit evidence they missed, and escalate to FAIS Ombud. Our team overturns 62% of first-round bank refusals.
How much does recovery cost with OnlineRefundee?
Nothing upfront. Our fee only becomes due when we secure a redress offer for you — typically a percentage of the amount recovered. Case assessment is free. No win, no fee. Full details in our fee structure page.
Is Primewave Capital the same as other scam brokers on your list?
Similar operational pattern, different corporate shells. Scam operators frequently rebrand — the same team behind Primewave Capital may operate other unregulated platforms under different names. We track cross-references between FSCA-flagged brokers to strengthen your case.
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Reviewed by Martin Fischer, European Compliance & Cross-Border Recovery Director
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