Prince Markets Forex Broker

Note: Prince Markets' official website: https://princemarkets.com/# is currently inaccessible normally.Prince Markets Review SummaryFounded2020Registered Country/RegionSeychellesRegulationUnregulatedMarket InstrumentsCryptos, forex, indices, shares, commoditiesDemo Account✅LeverageUp to 1:500Spread/Trading PlatformProprietary Trading Platform (PTP)Min Deposit$100Customer SupportContact formPhone: +41 (44)26-242115Email: 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 and Cons ProsConsDiverse market instrumentsUnregulated brokerDemo accounts availableNo MT4 or MT5Multiple account typesNo 24/7 customer serviceNo deposit feesIs Prince Markets Legit? 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.What Can I Trade on Prince Markets? In Prince Markets, you can trade cryptos, forex, indices, shares, and commodities.Tradable InstrumentsSupportedForex✔Commodities✔Indices✔Cryptocurrencies✔Shares✔ETFs❌Bonds❌Mutual Funds❌Account Type Prince Markets offers multiple account types.Account TypeMinimum DepositExecution TypeSwap FreeStandard LotMargin CallSilver$100Market ExecutionNo6550% / 30%Gold$50065Platinum$5,000100Palladium$100100 Leverage 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.Prince Markets Fees In Prince Markets, they claim they do not charge commissions for their accounts.Trading Platform 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. Deposit and Withdrawal Prince Markets accepts Mastercard, Visa, Skrill, Neteller, Bank Transfer, Fasapay, Nganluong.vn, Dragonpay, ZOTAPAY, and Paytrust88. It does not impose any deposit fees.