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Score
Seychelles
1-2 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
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Comparison
Quantity 4
Exposure
Score
Regulatory Index0.00
Business Index5.26
Risk Management Index0.00
Software Index4.00
License Index0.00
No valid regulatory information, please be aware of the risk
Single Core
1G
40G
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Company Name
Prince Markets International LTD
Company Abbreviation
Prince Markets
Platform registered country and region
Seychelles
Company website
Company summary
Pyramid scheme complaint
Expose
Note: Prince Markets' official website: https://princemarkets.com/# is currently inaccessible normally.
Prince Markets Review Summary | |
Founded | 2020 |
Registered Country/Region | Seychelles |
Regulation | Unregulated |
Market Instruments | Cryptos, forex, indices, shares, commodities |
Demo Account | ✅ |
Leverage | Up to 1:500 |
Spread | / |
Trading Platform | Proprietary Trading Platform (PTP) |
Min Deposit | $100 |
Customer Support | Contact form |
Phone: +41 (44)26-242115 | |
Email: support@princemarkets.com |
Registered in Seychelles, Prince Markets is a forex broker through their trading platform. It offers live, demo and Islamic accounts. However, their license is empty and their website is not available.
Pros | Cons |
Diverse market instruments | Unregulated broker |
Demo accounts available | No MT4 or MT5 |
Multiple account types | No 24/7 customer service |
No deposit fees |
Prince Markets is an offshore, unregulated entity accessible via princemarkets.com. The company claims to possess two licenses. One is supposedly issued by the Financial Services Authority (FSA) of Seychelles, with the number SD037. The other is from the Cyprus Securities and Exchange Commission (CySEC), bearing the number 138/11. At first glance, this might appear legitimate.
However, the FSA license is entirely fabricated, and this particular number is frequently employed by other fraudulent companies. The FSA has even issued a warning on this matter. Furthermore, the Cypriot license actually belongs to a different firm, TopFX. Thus, the scam is unmasked.
In Prince Markets, you can trade cryptos, forex, indices, shares, and commodities.
Tradable Instruments | Supported |
Forex | ✔ |
Commodities | ✔ |
Indices | ✔ |
Cryptocurrencies | ✔ |
Shares | ✔ |
ETFs | ❌ |
Bonds | ❌ |
Mutual Funds | ❌ |
Prince Markets offers multiple account types.
Account Type | Minimum Deposit | Execution Type | Swap Free | Standard Lot | Margin Call |
Silver | $100 | Market Execution | No | 65 | 50% / 30% |
Gold | $500 | 65 | |||
Platinum | $5,000 | 100 | |||
Palladium | $100 | 100 |
Prince Markets offers different leverage ratios for each accounts: 1:500 for the Silver accounts, 1:400 for the Gold accounts, 1:300 for the Platinum accounts and 1:100 for the Palladium accounts.
In Prince Markets, they claim they do not charge commissions for their accounts.
The Proprietary Trading Platform (PTP) by Prince Markets is a powerful multi-asset trading terminal that offers more than 200 trading instruments across six asset classes.
Prince Markets accepts Mastercard, Visa, Skrill, Neteller, Bank Transfer, Fasapay, Nganluong.vn, Dragonpay, ZOTAPAY, and Paytrust88. It does not impose any deposit fees.
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