PrimaryBid Reviews 

186
•
TrustScore 4 out of 5

4.1

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Rated 1 out of 5 stars

I've been using this platform for over 2 years now, and, on average the investments have halved in value. Whilst the platform is slick and easy to use, the investments are poor, overinflated, and you'... See more

Rated 5 out of 5 stars

Primary Bid is a simple cost effective way for retail investors to access IPO’s and fund raises that would in most cases be reserved for institutional investors. For that alone they should receive cre... See more

Rated 5 out of 5 stars

Easy to use app with a clear model quick and easy payments interface and prompt addition of investments to my stockbroking account. Really like how PB is giving small investors access to fund raises w... See more

Rated 5 out of 5 stars

I've used Primary Bid a few times, the process works fine and depending on the level of demand, you either get your full allocation or it gets scaled back. Seamless integration with Hargreaves Lansd... See more

Company details

  1. Non-Bank Financial Service
  2. also in
  3. Investment Service

Written by the company

PrimaryBid gives individual investors access to public company fundraises and IPOs at the same time and same price as institutional investors, commission-free. We were built on the belief that markets should be more inclusive, transparent and fair, and so far over 200,000 investors have gained better access to offers using our platform.


Contact info

4.1

Great

TrustScore 4 out of 5

186 reviews

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4.1

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(186)

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Rated 5 out of 5 stars

Hey team Primary Bid massive thanks to…

Hey team Primary Bid massive thanks to all of you, shares for Argo dropped into HL sooner than expected. Love the new look of the app and can't wait for more exciting ventures. Thumbs up

12 March 2021
Unprompted review
PrimaryBid logo

Reply from PrimaryBid

Hi Craig,

You are very welcome! Pleased to hear that you are enjoying our app.

Thanks,
Anna

Rated 1 out of 5 stars

Very Poor Service

They kept moving the date of an IPO i'd been allocated shares for. In addition they failed to tell my broker of the change in the listing date until two days prior. Because of the very short notice I wasn't able to trade the shares until the following Monday and lost an upside of several hundreds of £. They say they're on the side of the small investor but their actions say otherwise.
In response to your reply, my broker tells me 2 days notice is inadequate to rearrange settlement of the shares. You could have told them earlier. It's a pity your company is not willing to take any responsibility for this.

11 March 2021
Unprompted review
PrimaryBid logo

Reply from PrimaryBid

Hi Tony,

Thank you for reaching out. PrimaryBid communicates that certain dates are subject to change due to a range of external factors and the date of the IPO is at the discretion of the issuer.
The date in which your shares are settled are subject to the processes of your broker and, although certain aspects of this are out of PrimaryBid's control, we thank you for your feedback. We would would be keen to learn more about your experience - please feel free to leave us further feedback via the following link: http://primarybid.com/contact.

Many thanks,
Isobel

Rated 5 out of 5 stars

A great platform!

Couldn't recommend this company higher. I appreciate their corporate mission but most of all, their easy-to-use platform. Top tip: their FAQ page is a great resource for any uncertainties!

10 March 2021
Unprompted review
PrimaryBid logo

Reply from PrimaryBid

Hi Kate,

That's wonderful feedback to hear. Great tip!

Thanks,
Isobel

Rated 1 out of 5 stars

Unable to access website

Unable to download your app as i do not have IOS or Android - all I have is my PC (Windows10)

10 March 2021
Unprompted review
PrimaryBid logo

Reply from PrimaryBid

Hi Brian,

Thank you for reaching out. We are not sure why you may have received this error. We recommend downloading our app to access our platform. We would like to help you along your investment journey, so if you need any help, the best way to contact us is by using the following form: primarybid.com/contact

Thanks,
Isobel

Rated 2 out of 5 stars

Good at taking money slow at communication

Very easy to transfer money to Primarybid. It is after that that things get harder. The company seems to have economised on communication with no viable telephone lines and zero response to emails. It is relatively easy to create a website with the appearance of a slick efficient organisation and Primarybid was recommended by my broker - so I excuse myself the lack of due diligence here. The problem is that you don't create efficiency simply by cutting corners. The corner cut here is clearly communication but from a customer point of view that is paramount. The latest ploy of trying to persuade people to invest only though mobile apps should be viewed with extreme caution until they get the basics in order.
PS just got a reply to my email so raising the stars to 2. I also worked out that PrimaryBid is associated with Jarvis an organisation that I have found quite reliable in the past.

10 March 2021
Unprompted review
PrimaryBid logo

Reply from PrimaryBid

Hi there,

We’re sorry that you have had this difficulty reaching us. Our contact form is the best way to get in touch with us here: primarybid.com/contact-us - we will ensure we get back to your enquiry in the quickest possible time.

Whilst we’re pleased that you found our website efficient, we are currently rolling out major updates and our app will offer a superior experience. We are growing rapidly and our Customer Service team is growing in line!

Please note that we will take your valuable feedback on board.

Thanks,
Anna

Rated 5 out of 5 stars

Innovative and great platform

Innovative and easy platform to use! Verified and activated my account quickly. Thanks to the customer service team.

9 March 2021
Unprompted review
PrimaryBid logo

Reply from PrimaryBid

Hi Martin,

Thank you for this great feedback on our platform and team. Always here to help!

Thanks,
Olivia

Rated 5 out of 5 stars

Fantastic customer service

I’m confused to see so many negative comments about their service. I found the customer service tremendously helpful as a first time investor. Signing up couldn’t have been easier, and using their interface was genuinely fool proof. I would recommend Primary Bid whole heartedly for investors.

9 March 2021
Unprompted review
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Reply from PrimaryBid

Hi Francesca,

We are thrilled to hear this feedback. We hope you enjoy using our service.

Thanks,
Olivia

Rated 1 out of 5 stars

Don't respond to emails.

Don't respond to emails.

Trying to get a refund for an IPO that has been moved back 30 days which I am entitled to and literally get no reply from them.

In the process of reporting to the FCA as this lack of communication isn't acceptable.

Not a credible company and will not deal with them again after this is resolved.

9 March 2021
Unprompted review
PrimaryBid logo

Reply from PrimaryBid

Hi Jon,

Thank you for reaching out and we're sorry that you've had this difficulty. Refunds are usually processed automatically to the same debit card that you used to transact with.

We suggest using the following form: primarybid.com/contact to submit your query - I will personally follow up to find out what has happened with your refund. It could be that you need to contact your bank, but we will get to the bottom of it! Please note that we will take your feedback on board.

Thank you,
Anna

Rated 1 out of 5 stars

Echoing the comments from other…

Echoing the comments from other investors below. Zero response to various emails and attempting to contact them on the phone is a non starter, it just leaves you on hold before cutting you off.

I see a response to reviews below from Charlie Cummings, but if he sees this i'd like to know what the point of replying is when all you say is to send an email and most complaints are about the lack of response to emails.

9 March 2021
Unprompted review
PrimaryBid logo

Reply from PrimaryBid

Hi Martyn,

Thank you for reaching out and we're sorry that you've had this difficulty. We suggest using the following form: primarybid.com/contact - I will personally follow up to make sure that your query has been resolved with our Customer Service team.

We do try to resolve queries on all platforms and reviews are important to us. We are growing rapidly and our Customer Service team is growing in line! Please note that we will take your valuable feedback on board.

Thank you,
Anna

Rated 1 out of 5 stars

The worst company ever bought IPO in…

The worst company ever bought IPO in Cellular Group and my shares have not been transferred over to my nominee broker.

I called the customer contact number spent 45min on hold to only be cut off. Also I sent emails which have been ignored.

CON ARTIST IS THE BEST WORD TO DESCRIBE PRIMARYBID

8 March 2021
Unprompted review
PrimaryBid logo

Reply from PrimaryBid

Hi Nicholas,

Thank you for reaching out. PrimaryBid has communicated with all brokers re CBX shares so we recommend that you check with your broker for accurate timing on when the shares will become available in your account. The transfer-in timing does differ from broker to broker. That said, we would be happy to help you resolve this if we can, and the best way to contact us is by using the following link: primarybid.com/contact

Thanks,
Isobel

Rated 3 out of 5 stars

Updated review - Will give them a second chance.

I submitted an earlier review and have since had dealing with the Primary Bid team. I am still waiting for the shares in Cellular Goods to be transferred to my HSBC account.

I never did receive the allocation confirmation, which they had said was sent, but eventually received a copy after getting in touch with them via email.

They need to improve their processes and notify customers when actions have taken place...I could not find this information when I logged into my account with them.

I will give them a second chance!

8 March 2021
Unprompted review
PrimaryBid logo

Reply from PrimaryBid

Hi there,

Thank you for reaching out. PrimaryBid has communicated with all brokers re CBX shares. We recommend that you check with your broker for accurate timing on when the shares will become available in your account. The transfer-in timing does differ from broker to broker.

However, please do submit your enquiry on our contact form here: primarybid.com/contact so that we can look into this further for you. We would be happy to help.

Thanks,
Anna

Rated 1 out of 5 stars

Shocking

Echo the below, this company has gone off the grid since the start of the week. No way of contacting them, no replying to voicemails, complaints process not working.
I will be complaining to the FCA directly and suggest that others who have been scammed do the same.
If you want to take part in an IPO try and do it directly through a broker such as Hargreaves Lansdown.

3 March 2021
Unprompted review
PrimaryBid logo

Reply from PrimaryBid

Hi Chris,

Thank you for reaching out. Sorry, you have had difficulty reaching us. The best way to contact us is via email at enquiries@primarybid.com. Our Customer Service team will be more than happy to help with your query.

Charlie Cumming

Rated 1 out of 5 stars

AVOID THIS COMPANY

Been trying to get stock for Cellular Goods IPO they site a discrepancy with my address and blame the broker - I call the broker and they have the same address. Communication at first saying they are working with the broker now its gone silent. 6 days after the IPO stock still not been transferred and the share price has gone from 27p to 12p locking me into the stock. An absolute disgrace and will never use the company again.

3 March 2021
Unprompted review
PrimaryBid logo

Reply from PrimaryBid

Hi Rob,

Sorry to hear that you have been having some trouble. Please could you send us an email to enquiries@primarybid.com with your contact number, broker name and transaction details. We would be happy to advise further. The transfer-in process does depend on your broker, so we advise checking on the status with them.

Kind Regards

Charlie Cumming

Rated 1 out of 5 stars

Awful communication, No share transfer. AVOID!!

Awful communication, avoid at all costs. They do not answer the call however will do so quickly when they have a new offer on. Not received my Cellular Good shares and from contacting Barclays Smart Investment, they still have not arranged transfer. Do not risk any money as by the time you get your shares there will be no profit left. Cellular Goods ipo classic example

2 March 2021
Unprompted review
PrimaryBid logo

Reply from PrimaryBid

Hello,

Thank you for getting in touch. We advise contacting us by email at enquries@primarybid.com.
Settlement times can vary depending on the transfer-in process of your broker. If you would like to know accurate timing on when shares become available in your account, please check with your broker.

Kind Regards

Charlie Cumming

Rated 1 out of 5 stars

Impossible to get through on the phone

Impossible to get through on the phone. I leave messages and they do not call back. They then sell you shares ask for your bank details you tell you bank you bought and then told by HSBC they do not take the shares they bought. Now why did Primary Bid not tell me when they took the money? Poor.

Be careful what you buy from them. Its possible you have to find a new broker, while the shares go down. You could lose a lot of money.

1 March 2021
Unprompted review
PrimaryBid logo

Reply from PrimaryBid

Thank you for contacting us. Apologies you have been unable to reach us. We would advise sending your query by email to enquiries@primarybid.com and our Customer Service team will be happy to assist.

PrimaryBid works with many brokers. Not all brokers will accept stock and unfortunately this is something out of PrimaryBid's control. We understand this can be an inconvenience, and would encourage you to contact your broker directly to find out more.

Kind Regards

Charlie Cumming

Rated 1 out of 5 stars

Customer Service so very poor

Customer Service so very poor. They don’t freely share their contact tel no.on their website, just their email, but when you do manage to find their tel, no-one answers and instead of going in a queue system you get simply defaulted to leaving a VM and no-one calls you back. I’ve left msg 3 times regarding not receiving my IPO Cellular Goods shares which they had emailed to confirm it should arrive last Friday in HL, and I’ve had no call back in last 48 hours. Awful

1 March 2021
Unprompted review
PrimaryBid logo

Reply from PrimaryBid

Hi Marco,

Thank you for taking the time to leave a review. Apologies you have not been able to reach us. At this time, the best way to contact us is by email at enquiries@primarybid.com with your query. Our Customer Service team will get back to you as soon as possible. We'd be happy to assist.

Kind Regards

Charlie Cumming

Rated 1 out of 5 stars

Lesson on how not to treat customers fairly

You would think if you specialise in IPOs you would have the process perfectly nailed. With crystal clear comms and marketing materials. I can only assume its run by amateurs based on what happens when over subscriptions occur.

I took part in the recent Cellular goods IPO. Oversubscribed which is fair enough everyone gets a set % of the allocation.

How they manage the sizing process and allocate the shares, along with complete lack of transparency seems to suggest this is a not a professional investment company.

I subscribed for 100k shares and got 12.5k. A few friends applied for 10k or 20k shares and received a 10k allocation (100% or 50%). They all purchased at least a day or longer after I did.

I now know after a call that they deemed that everyone would get the first 10k shares and anyone after that 2.8%. No where in the pre or post sign up did it make that clear, it should be first come first served or a set %. Or at the very least make that clear from the outset.

With that complete lack of transparency from the outset I wouldn't trust them with your £ that you could have in play in the markets making money in the interim.

Their comms say "they like to treat our customers fairly" but those words are not a reality just marketing spin.

22 February 2021
Unprompted review
PrimaryBid logo

Reply from PrimaryBid

Thanks for taking the time to provide us with this feedback. I apologise that you are unhappy with your allocations in a recent offer. While allocations are at the discretion of the Issuer, we work hard to facilitate allocations that are fair and at least as good as for institutional investors participating in any deal.

We'd be happy to provide further details about allocations to you. Please do email us at enquiries@primarybid.com where a member of our customer service team will be happy to assist.

Kind Regards

Charlie Cumming

Rated 5 out of 5 stars

I've used Primary Bid a few times

I've used Primary Bid a few times, the process works fine and depending on the level of demand, you either get your full allocation or it gets scaled back.
Seamless integration with Hargreaves Lansdown.
Best deal was Open Orphan at 11p, now sitting at 30p (22/02/21)

22 February 2021
Unprompted review
Rated 1 out of 5 stars

Took my money!

Took my money!

bought shares and it said the payment didn't go through twice, but its been taken from my bank. No shares in my account. Waiting on a reply

16 February 2021
Unprompted review
PrimaryBid logo

Reply from PrimaryBid

Good afternoon Lawrence,

We are very sorry to hear that you had issues when subscribing to an offer and we understand your frustration. I can see that your queries have been dealt with by our customer service team, but please do drop us an email to enquiries@primarybid.com if you have any further questions - we're here to help.

Kind Regards

Charlie Cumming

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