Risk scorecard
Each area is scored 0 (clean) to 10 (worst). Higher means more risk.
Regulation
10/10 · CriticalNo real trading licence while taking deposits, and a false claim of Saint Lucia FSA regulation, which does not exist for forex.
Identity & transparency
7/10 · HighA Saint Lucia shell and address are disclosed, but ownership is hidden, WHOIS is private, and the contact is a UAE phone against an offshore entity.
Withdrawals & conduct
10/10 · CriticalConsistent fund-integrity complaints across two platforms, with approved-but-unpaid withdrawals, account blocks after profit, and advance-fee demands.
Reputation
9/10 · CriticalTrustpilot 2.0 with 91 percent one-star, Scamadviser 0 of 100, and multiple third-party analyses labelling it a scam.
Website claims
9/10 · CriticalPresents an offshore company registration as regulator authorisation, a claim Saint Lucia's own rules contradict.
Operational history
6/10 · HighOperation under two years old, domain from September 2024, company incorporated 2024, no verified track record.
Who they are
A quick desk file on the company behind the brand.
- Brand: Core Prime (Core Prime Markets)
- Legal entity: Core Prime Ltd
- Registered: Saint Lucia, company number 2024-00573, Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet
- Website: coreprimemarkets.com (domain registered 26 September 2024)
- Only licence: None. It advertises 'Saint Lucia FSA' regulation, but that is only an offshore company registration, not a financial licence.
- Offers: Forex and CFDs on MetaTrader 5, with crypto, card and bank deposits
- Not accepted: USA, Canada, Brazil, Israel, New Zealand, North Korea, UAE
- Age claim: No founding year stated on the site. In reality the operation is under two years old.
Regulation
Who really oversees this broker, and what each licence is worth to you.
Proof of regulation on an official register: No
We could not confirm this broker on any genuine regulator’s register.
Licences the broker publishes
Saint Lucia FSA
Why we reached this verdict
How the evidence adds up.
We reached a confirmed-scam verdict because the money does not come back, and because the firm misrepresents its own status.
- A clear withdrawal-denial pattern. On Trustpilot the page scores 2.0 with 91 percent one-star reviews, and the complaints describe one mechanism repeatedly: profits shown, then payout blocked. One user deposited 100 USD, grew it to 293 USD, had the withdrawal marked approved, and was never paid. Another deposited 1,000 USD, made 241 USD profit, and had the account blocked at withdrawal. A third tested a small 200 USD withdrawal that worked, then deposited 1,200 USD and had the payout denied. These are spread across users in India, Pakistan, Australia, the UK, the UAE and Mexico, dated March to July 2026, and are echoed on a second review platform.
- Advance-fee demands. At least two users report being told to pay before their money would be released, including an 'activation fee' of 38,900 euro against a 62,700 euro withdrawal. A demand for extra payment to unlock your own funds has no legitimate purpose.
- No real regulation, and a false claim of it. The site says it is 'registered under the Saint Lucia FSA'. Saint Lucia does not license forex trading, and an offshore company registration must legally be described as 'not licensed by the FSRA'. Presenting it as regulation is a misrepresentation.
- A young, opaque setup. The domain is under two years old, ownership is hidden, and the listed contact is a UAE phone number while the company is a Saint Lucia shell.
Evidence ledger
Every finding, with its source and how strongly it points.
E1The broker's own site claims it is 'registered under the Saint Lucia FSA' and names Core Prime Ltd, company number 2024-00573, at a Rodney Bay, Saint Lucia address.
StrongCore Prime about pageE2Saint Lucia does not license forex trading; an IBC registration is not a licence and must be marketed as 'not licensed by the FSRA'. The FSA regulation claim is therefore self-refuting.
E3Trustpilot page scores 2.0 with 91 percent one-star reviews describing withdrawals approved but never paid and accounts blocked after profits, dated March to July 2026, from users in seven countries.
StrongTrustpilotE4Multiple users report being told to pay an upfront fee to release funds, including an 'activation fee' of 38,900 euro against a 62,700 euro withdrawal, the advance-fee mechanic.
Hard proofTrustpilot reviewsE5A user deposited 100 USD, reached 293 USD, had the withdrawal marked approved, and was never paid; support then went silent. A specific, checkable fund-integrity report.
StrongTrustpilot reviewE6Domain coreprimemarkets.com was registered on 26 September 2024 via Hostinger with parking nameservers and privacy-hidden ownership, making the operation under two years old.
ModerateRDAP (Verisign)E7Scamadviser scores the site 0 of 100, flagging crypto and anonymous payment methods, high-risk financial offerings, and mainly negative reviews.
ModerateScamadviserE8A second review platform independently reports account blocks and unpaid deposits (a 300 USDT deposit not credited and the account blocked), corroborating the Trustpilot pattern.
StrongBrokersView
The other side
The strongest case in this broker’s favour.
In fairness, we looked for an innocent explanation before concluding.
- Is it a legitimate offshore broker? Offshore registration alone is not a scam, and hundreds of brokers operate legally from weak jurisdictions. But those still return client money. Here the defining evidence is that withdrawals are refused and extra fees are demanded, which is conduct, not just a weak licence.
- Is it a clone of a real firm? No. 'Core Prime' is a generic name, and the site, entity and complaints all point to one self-standing Saint Lucia operation. We found no evidence it borrowed another company's licence or identity.
- Are the complaints planted by competitors? Unlikely. They carry specific amounts, dates and mechanics, come from different users in different countries, and appear on more than one platform. Some reviews are polluted by 'recovery' adverts, which we discounted, but the core withdrawal-denial reports stand on their own.
What would change this
What we would need to see to revise the verdict.
We would revisit this verdict if the facts changed in these ways:
- A genuine, current trading licence from a real regulator, verifiable on that regulator's own register under the entity Core Prime Ltd and this domain.
- A consistent record of users confirming that withdrawals of profits are paid in full, without extra fees, over a sustained period.
- Removal of the misleading 'Saint Lucia FSA' regulation claim and honest disclosure that the company is only registered, not licensed.
- Evidence that the advance-fee and account-block reports were fabricated.
Check it yourself
Official registers and warning lists. Verify every claim first-hand.
Trustpilot reviews
User reviews of coreprimemarkets.com; 91 percent one-star
Scamadviser check
Automated trust check; scores the site 0 out of 100
BrokersView profile
Third-party broker review flagging Core Prime as unregulated
Core Prime regulation claim
The broker's own page where it claims Saint Lucia FSA registration
Frequently asked questions
Quick answers about this broker’s safety.
Is Core Prime a scam?
Our investigation rates it a confirmed scam. Users report that profits are shown on screen but withdrawals are blocked, and some are asked to pay an upfront fee before funds are released. That is a withdrawal trap.
Is Core Prime regulated?
No. It claims to be 'registered under the Saint Lucia FSA', but Saint Lucia does not license forex brokers. What it holds is only an offshore company registration (number 2024-00573), which is not a financial licence and gives you no protection.
Can I withdraw my money from Core Prime?
Many users say they cannot. Reviews describe withdrawals marked approved but never paid, accounts blocked the moment a profit is made, and demands for extra fees before any payout. Treat your deposit as at serious risk.
Is my money safe with Core Prime?
No. There is no regulator overseeing it, no segregated-client-money protection, and no compensation scheme. If the firm keeps your funds, you have no formal body to appeal to.
Who owns Core Prime?
The site names Core Prime Ltd, a company registered in Saint Lucia in 2024. Ownership is otherwise hidden: the domain uses privacy protection and no named directors or team are disclosed.
How old is Core Prime?
The website coreprimemarkets.com was registered on 26 September 2024, and the company was incorporated in 2024. So the operation is under two years old, despite presenting itself as an established broker.
What is the Saint Lucia FSA licence worth?
Nothing as a trading licence. Saint Lucia's regulator (the FSRA) does not license forex. Any Saint Lucia forex firm is legally required to state it is 'not licensed by the FSRA'. Core Prime instead presents its registration as regulation.
Why are they asking me to pay a fee to withdraw?
Because it is part of the scam. Legitimate brokers never require an 'activation fee', 'tax' or 'deposit' to release your own money. Once you pay, they typically ask for more and still do not pay out.
Is Core Prime a clone of a real broker?
We found no evidence of cloning. It appears to be a self-standing operation using a generic name, not an impersonation of a licensed firm's identity or licence number.
What should I do if I was scammed by Core Prime?
Stop depositing, refuse any fee demand, and save all records. Ask your bank or card provider for a chargeback or recall, and report the loss to your national police or financial regulator. Avoid 'recovery' services that contact you, as they are usually a follow-up scam.
What should I check before depositing with any broker?
Confirm a real licence directly on a top regulator's own register (such as the FCA, ASIC or CySEC), check independent reviews for withdrawal complaints, and be wary of crypto-only deposits, hidden ownership and very new websites.
What we recommend
The practical takeaway from everything above.
Our advice is to stay away and protect your money.
- Do not deposit. There is no regulator to protect you and no compensation scheme.
- If you already deposited, stop sending money immediately, and never pay any 'fee', 'tax' or 'activation' charge to release a withdrawal. That is part of the scam.
- Document everything: transactions, chat logs, wallet addresses and the account manager's details.
- Try a card chargeback or bank recall if you paid by card or transfer, and report the loss to your national police or financial-crime unit.
- Ignore 'recovery' agents that appear in the reviews or contact you. They are a second scam targeting the same victims.
This is an independent assessment of risk, not a legal ruling. Scores and verdicts follow the Wikilix broker-safety methodology and can change as new evidence appears. Review scores are treated with caution when a broker’s reviews look manipulated. Last reviewed August 12, 2026. If any detail here is out of date or incorrect, or you represent this broker, please contact us.