Score

1.44 /10
Danger

PROMARKETS

Saint Vincent and the Grenadines

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Comparison

Quantity 2

Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index6.48

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

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Company Name

PROMARKETS ONLINE LTD

Company Abbreviation

PROMARKETS

Platform registered country and region

Saint Vincent and the Grenadines

Company website

Company summary

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away!
Previous Detection : 2024-12-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Pyramid scheme complaint
Expose
PROMARKETS · Company summary

Note: PROMARKETS' official site - https://promarkets-ltd.org/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

PROMARKETS Review Summary
Company Name PROMARKETS ONLINE LTD
Registered Country/Region Saint Vincent and the Grenadines
Regulation No Regulation
Market Instruments N/A
Demo Account N/A
Leverage N/A
Spread N/A
Commission N/A
Trading Platform N/A
Minimum Deposit N/A
Customer Support Tel: +37259324628, Email: support@promarkets-ltd.org
Company Address Suite 305, Griffith Corporate Center, Kingstown, St. Vincent and the Grenadines

What Is PROMARKETS?

PROMARKETS Online Ltd, registered in Saint Vincent and the Grenadines, is a brokerage lacking regulation and an available official website, with scarce information available.

PROMARKETS

Is PROMARKETS Safe or Scam?

  • Regulatory Sight: PROMARKETS is currently functioning without any regulation, meaning it does not fall under the supervision of any financial regulatory bodies and does not possess any licenses to operate in the financial market. The absence of any such oversight raises concerns about the firms adherence to financial standards and regulations, increasing the risk for investors.

No license
  • User Feedback: Users should check the reviews and feedback from other clients to gain a more comprehensive sight of the broker, or look for reviews on reputable websites and forums.

  • Security Measures: So far we haven't found any information about the security measures for this broker.

Customer Support

The customer support provided by PROMARKETS includes a telephone helpline at +37259324628 and an email address at support@promarkets-ltd.org for inquiries and assistance. Additionally, the company's physical address is Suite 305, Griffith Corporate Center, Kingstown, St. Vincent and the Grenadines, providing clients with a location for correspondence or meetings, if necessary.

Conclusion

PROMARKETS is operating without regulatory oversight. Due to their website being non-functional and the scarcity of information online, potential investors should be more cautious. We do not recommend users to trade with this broker.

Frequently Asked Questions (FAQs)

Q: Is PROMARKETS regulated or not?

A: No, it is not regulated.

Q: Can I visit PROMARKETS in person?

A: Yes, you can. You can try the address they provided: Suite 305, Griffith Corporate Center, Kingstown, St. Vincent and the Grenadines.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

News

ExposureAlert: Beware Of Unlicensed Scam Trading Broker ProMarkets

Unregulated broker ProMarkets scammed a Dutch trader, leading to major financial loss. The case highlights risks of investing with unlicensed platforms.

WikiFX
2024-04-18 15:13
Alert: Beware Of Unlicensed Scam Trading Broker ProMarkets

User Reviews

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User comment

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Comments

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Burkue
more than one year
I was about to make a transaction when I noticed that there was an error in my account, but after calling customer service, they fixed the problem in time. But next time I won't necessarily choose PROMARKETS, they don't have a formal regulator, which worries me.
I was about to make a transaction when I noticed that there was an error in my account, but after calling customer service, they fixed the problem in time. But next time I won't necessarily choose PROMARKETS, they don't have a formal regulator, which worries me.
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2024-07-03 18:34
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FX1660127513
more than one year
Don't use this company. Yhey rip you off your crypto. All if a sudden they decided to take off a bunch of crypto. A lot of people lost a shitload of money. Crooks and dishonest company.
Don't use this company. Yhey rip you off your crypto. All if a sudden they decided to take off a bunch of crypto. A lot of people lost a shitload of money. Crooks and dishonest company.
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2024-03-28 10:18
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