Ellington Ltd Review: Is legit or a scam?

Ellington Ltd may be providing or promoting financial services or products without our permission. You should avoid dealing with this firm and beware of scams.

Ellington Ltd does not only provide any regulatory information on forex/CFD trading, only claims to be registered in Saint Vincent and the Grenadines on its website. While we can find a matching company in the Financial Services Authority (FSA) registry of Saint Vincent and the Grenadines, this only grants International Business Company (IBC) status. This does not constitute a valid financial licence. Furthermore, its registration status in Saint Vincent is now shown as “cancelled”.

Ellington Ltd is not licensed by any recognised financial authority. This is a major red flag indicating fraudulent activity. Therefore, Ellington Ltd appears to be a scam.

Fraudsters copy the details of firms we authorise to try and convince people that their firm is genuine. Find out why you shouldn’t deal with this clone firm.

Unauthorised firm details

Name: Ellington Trade / Prime Capital LLC

Address: Walchestrasse 9, Zurich, SWITZERLAND, 8006

275 Slater St. #900, Ontario, Ottawa, CANADA, K1P 5H9

16-18 Monument St, London, UNITED KINGDOM, EC3R 8AJ

Mobile: +447441477946

Email: support@primecapital.vc,

support@ellingtonltd.com

Website: https://www.primecapital.vc/, https://www.ellingtonltd.com/

Some firms may give incorrect contact details including postal addresses, telephone numbers and email addresses. They may change these contact details over time.

They may also give you details that belong to another business or individual, so the information looks genuine.

What this means for you

If you deal with this firm, you won’t have access to the Financial Ombudsman Service if you want to complain.

You also won’t be protected by the Financial Services Compensation Scheme (FSCS) if things go wrong. This means it’s unlikely you’d get your money back if the firm goes out of business.

Common Warning Signs to Watch For

Whether you are evaluating Harindale or any other online platform, be alert to these widely used scam tactics:

1. Unrealistic Profit Promises: Platforms that guarantee high or fixed returns with little to no risk are a major red flag. Legitimate investments always carry risk, and no broker can legally guarantee profits.

2. Withdrawal Barriers: A frequent complaint among scam broker victims involves being unable to access their own funds. Requests for additional “fees” or “taxes” before releasing a withdrawal are common manipulation tactics. In such cases, exploring asset and fund recovery options may help assess possible solutions.

3. Pressure-Based Sales Tactics: Fraudulent brokers often push investors into quick decisions through limited-time offers, aggressive account managers, or manufactured urgency. Take your time and never invest under pressure.

4. Unverifiable Credentials: If a broker’s license number cannot be confirmed on a regulator’s official website, treat it as unregulated—regardless of what it claims on its own platform. For cases involving crypto transactions, a cryptocurrency tracing service may help track fund movements.

5. Fake Reviews and Endorsements: Scam platforms frequently publish fabricated testimonials or use celebrity images without consent to build false credibility.

What to Do If You Have Been Affected?

If you have sent funds to Harindale or a similar unregulated platform, act quickly — but stay calm. Here are the steps most likely to help:

Stop all further payments immediately. Do not send additional money under any circumstances, even if you are promised that it will unlock a refund or release your balance. This is almost always a further manipulation tactic.

Gather your evidence. Screenshot everything: account statements, deposit confirmations, chat logs, emails, and any communications from the broker. Store copies somewhere the broker cannot access.

Contact your bank or card provider. If you paid by credit or debit card, call your bank and ask about initiating a chargeback. The sooner you act, the better your chances. Bank transfers are harder to reverse, but still worth reporting.

File an official report. Report the incident to:

Your country’s financial regulator (FCA, ASIC, etc.)
Your local police or cybercrime unit
Action Fraud (UK), IC3 (US), or your national equivalent

Seek independent advice. Contact your bank, a regulated financial adviser, or a consumer protection charity. Be cautious of “fund recovery” services that charge upfront fees — some of these are secondary scams targeting people who have already lost money.

How to Protect Yourself Going Forward?

Always verify a broker’s license directly on the official regulator’s website.
Check independent broker reviews—don’t rely only on testimonials shown by the broker.
Never share sensitive information like banking details, passwords, or ID documents with unverified platforms.
Be cautious of “too good to be true” offers—they often are.

Final Verdict

Ellington Ltd exhibits several warning signs commonly associated with unregulated and potentially fraudulent brokers. Until there is clear proof of proper licensing and transparent operations, investors are strongly advised to steer clear of this platform.

Scams thrive when victims stay silent. If you believe you’ve encountered a suspicious broker, a misleading investment scheme, or are facing withdrawal issues, consider reporting it to Ultra Dynamic Corp. Sharing your experience can help protect others and may initiate the right action toward resolution.

We also recommend reading the full Suisse Equity Review for a broader perspective.

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