ProMarkets Finance Review

About ProMarkets Finance

ProMarkets Finance claims to be regulated by the Cyprus Securities and Exchange Commission (CySEC), the UK Financial Conduct Authority (FCA), the Australian Securities & Investments Commission (ASIC), the British Virgin Islands Financial Services Commission (BVI FSC), and the South African Financial Sector Conduct Authority (FSCA). Searches in the registers of CySEC, FCA, ASIC, and FSCA did not return any matching entries, indicating absence of valid licenses from these authorities. Furthermore, the BVI FSC issued a public statement dated 2 January 2024, warning that ProMarkets Finance is falsely purporting to be authorised and licensed in the British Virgin Islands, and that it has never been licensed or regulated by the Commission.

No information is available regarding asset classes, trading platforms, account types, minimum deposit requirements, spreads or commissions, maximum leverage, base currencies, swap‑free options, hedging or scalping policies, expert advisor usage, or specific domain regulation. The only verifiable details include the domain promarketsfinance.com and a business address listed as 6th Floor Luna Tower, Waterfront Drive, Road Town, Tortola, VG1110, British Virgin Islands.

Pros and cons

Pros

• Provides support claimed to be available 24 hours per day during Monday to Friday trading week
• Offers an AI‑powered trading platform

Cons

• Lacks any valid regulatory oversight across multiple jurisdictions
• Confirmed by BVI FSC to be falsely claiming licensing status
• Reported incidents of account blocking and refusal to process withdrawals, including at least one case of US$24,000 allegedly stolen
• Opaque conditions regarding trading terms, fees, leverage, and risk management
• Limited customer support, accessible only via email