Beware! Prince Markets is an offshore broker! Your investment may be at risk.


Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.


Prince Markets advertises itself as a regulated and award-winning forex broker. But this website is actually a good reminder of why you should always do careful fact checking before putting your money on the line. Prince Markets is not at all what it portrays itself to be. This website is nothing more than just another scam, and in this review we’ll show you why that’s the case.

Prince Markets Regulation and safety of funds

Guaranteed FundsSegregated AccountsNegative balance protection
Prince Markets
UK regulated brokers£85 000YesYes
EU regulated brokers€20 000YesYes
AU regulated brokersNoYesYes
US regulted brokersYesYesNo

Legitimate forex brokers provide clear and detailed information about the legal entity that owns and operates them, where it is based, what licences it has and which regulators oversee its activities. Lack of such details or improper presentation of them are always a red flag that we are probably dealing with a scam. The availability of such information does not guarantee that it is not false or misleading.

Prince Markets claims to be a leading Netherlands broker headquartered in Amsterdam.

At the same time, the website footer provided information about two companies called Prince Markets International LTD, which are allegedly licensed in the Seychelles and Cyprus.

There is no licensed broker using the Prince Markets name and domain in the Netherlands Authority for the Financial Markets (AFM), Cyprus Securities and Exchange Commission (CySEC) and Financial Services Authority (FSA) of Seychelles databases.

The registration number listed on the Prince Markets website for CySEC actually belongs to a completely different company that has nothing to do with this website – Topfx Ltd. You can read the review of this broker here.

On the FSA of Seychelles website we find a warning that the registration number given by the Prince Markets has been used by numerous fraudsters and does not belong to a licensed company.

In the “About” section of the Prince Markets website, we see a different statement – that the company is based in Saint Vincent and the Grenadines (SVG).

While this country has a financial regulator, unlike other offshore areas, it does not regulate the activities of forex and CFD brokers. Тhe Financial Services Authority (FSA) of St. Vincent and the Grenadines has repeatedly issued warnings on this issue.

Neither the name of the company nor the applicable jurisdiction is specified in the text of the Prince Markets Terms and Conditions.

Before investing your money in financial instruments, it is imperative to make sure you do so through a licensed intermediary and not one of the many scammers lurking online. If you have decided to invest in financial instruments, and especially if you are a novice trader, you should use the services of a licensed broker based in a jurisdiction with strong regulations.

Prince Markets Trading software

Analytical toolsAuto tradingCustom indicatorsMobile apps
Prince Markets platform
MT430+ indicatorsAndroid and iOS
MT550+ indicatorsAndroid and iOS
cTrader40+ indicatorsAndroid and iOS

Prince Markets uses basic web-based trading software. Here’s what it looks like:

We’ve seen the exact same platform being used by multiple fake brokers we’ve encountered. Scammers are using rigged trading software to fool their victims into believing that their money is really being invested and even turning a profit.

Legitimate brokers offer clients a wide selection of trading software, including desktop, mobile apps and web-based platforms. The most widely used platforms in the industry are MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

Prince Markets Trading instruments

Prince Markets
FP MarketsYesYesYesYesYes

Prince Markets advertises trading in over 600 instruments including forex, indices, shares, precious metals, energy, ETFs and cryptocurrencies. But as stated, there is every reason to suspect that this trading is fictitious.

Prince Markets Spreads and cost of trading

Prince MarketsXMFP MarketsOcta
Spread EURUSD0.
Spread GBPUSD0.31.31.5x
Spread USDJPY0.31.31.5x

Prince Markets claims that it does not charge commissions for trading, and in the platform we see a spread of only 0.3 pips. That sounds too good to be true, and probably is. Don’t be fooled by promises of low spreads from such fishy websites. There are plenty of licensed and established brokers offering very favorable terms to traders.

Prince Markets Maximum leverage

Prince Markets500:1100:110:1100:1100:1
UK regulated brokers30:15:110:110:1
EU regulated brokers30:15:12:110:110:1
AU regulated brokers30:15:12:110:110:1
US regulated brokers50:1

Prince Markets offers a leverage of 1:500, which is further proof that this cannot be a licensed broker operating in the European Union.  All EU regulators limit leverage to 1:30 for major currency pairs, 1:20 for non-major pairs, gold and major indices, 1:10 for other commodities and non-major indices, and 1:2 for cryptocurrencies.

Higher levels of leverage are only offered to professional clients who trade entirely at their own risk. If you don’t qualify as a professional trader but are willing to take the risk of high-leverage trading, the most viable option is to use the services of an offshore affiliate of an established brand.

Prince Markets Deposit and withdrawal methods

Deposit timeWithdrawal timePrice
Bank wire2-5 business days2-5 business days$25+
Credit cardInstant24 hoursFree
PayPal1 hour24 hours2%
Skrill1 hour24 hours2%
Neteller1 hour24 hours2%
Crypto24 hours24 hoursFee depends on crypto

Prince Markets claims to allow deposit and withdrawal of funds with a huge number of payment methods. But the deposit menu is not available if the account is not verified.

Experience has shown that fake brokers routinely advertise conventional payment methods, but actually steer their potential victims towards cryptocurrency transactions. This not only guarantees them anonymity, but also deprives the defrauded of the option to request a refund or chargeback.

Prince Markets Minimum deposit

Prince MarketsXMFP MarketsOcta
Minimum deposit$100$5$100$100

Prince Markets specifies a minimum deposit of 100 USD, which is the industry standard. But this means that for the same amount you could open a trading account with an established and duly licensed forex broker. Some of the leading brands in the industry offer Micro and Cent accounts with a very low entry threshold that are suitable for novice investors.

Prince Markets Withdrawal requirements

Trading volumeFee/Tax on withdrawalMinimum withdrawal
Prince MarketsNot specifiedNot specifiedNot specified
UK regulated brokersNoNoNo
EU regulated brokersNoNoNo
AU regulated brokersNoNoNo
US regulated brokersNoNoNo

Prince Markets does not specify extraordinary conditions for withdrawal. But these types of scams always surprise you with hidden fees and other tricks that prevent you from withdrawing your money back.

Top Forex Brokers

BrokerCountryRatingMin. DepositWebsite
US4.99/5$50 Click for a special offerWebsite

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