Risk scorecard
Each area is scored 0 (clean) to 10 (worst). Higher means more risk.
Regulation
7/10 · HighNo financial or forex licence anywhere; only a Saint Lucia IBC, which is a company registration and not regulation. No clone or fake badge, so not the worst case.
Identity & transparency
6/10 · HighThe legal entity is real and confirmed as a Saint Lucia IBC, but there is no address, phone or named ownership, and the flagship broker domain is offline.
Withdrawals & conduct
6/10 · HighRecurring reports across two platforms of accounts closed and payouts delayed or blocked, offset by confirmed successful withdrawals; a mixed pattern, not a proven systematic denial.
Reputation
5/10 · ModerateMixed and thin: a low Trustpilot score on few reviews and cautious-to-negative Iranian coverage, but no regulator warning and no confirmed fraud finding.
Website claims
4/10 · ModerateMostly honest disclosure and a founding claim that matches the domain age; some puffery and an advertised broker that is currently offline.
Operational history
6/10 · HighUnder three years old: company incorporated May 2025, oldest domain registered November 2023.
Who they are
A quick desk file on the company behind the brand.
Here is who is behind this brand, based on public records and the firm's own websites.
- Brand: PropPlus (پراپ پلاس), an Iranian prop-trading brand; the corporate and broker name is Neon Markets Ltd.
- Legal entity: Neon Markets Ltd, a Saint Lucia International Business Company (IBC), registration 2025-00327.
- Registered: Saint Lucia (offshore IBC). The day-to-day business is run from Iran.
- Website: propplus.org is the live site; neonmarketsltd.com, the advertised Forex and CFD broker, is currently offline.
- Only licence: None. A Saint Lucia IBC is a company registration, not a financial or forex licence.
- Offers: Paid evaluation challenges on MetaTrader 5, funded accounts with a profit split, weekly payouts, and an announced but offline Forex/CFD broker.
- Not accepted: The broker site lists the United States, Saint Lucia and sanctioned countries as excluded; the marketing targets Iranian traders.
- Age claim: Says it started in 2023. The propplus.org domain dates to November 2023; the company was incorporated in May 2025.
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
Registrar of International Business Companies, Saint Lucia
Why we reached this verdict
How the evidence adds up.
We rate Neon Markets (PropPlus) high risk and unverified. Here is the reasoning.
- No regulation, anywhere. The firm holds no financial or forex licence. Its only official record is a Saint Lucia IBC, which is a company registration and supervises nothing. If a payout is withheld, no regulator can help you.
- It is under three years old. Neon Markets Ltd was incorporated in May 2025, and the oldest website, propplus.org, was registered in November 2023. For a young, unregulated operation, a currently-clean record means very little, so our published figure is lifted to 65% to reflect that profile rather than any proof of theft.
- The payout complaints are real but unproven as a pattern. Across Trustpilot and Iranian review sites, several users describe accounts closed without a clear reason and withdrawals delayed or blocked, and one calls it fraud. Others confirm they were paid, including one report of more than $20,000 withdrawn. That is a mixed picture, not a confirmed theft pattern.
- The advertised broker does not work. The firm tells Iranian traders it is launching its own broker, Neon Markets Ltd, at neonmarketsltd.com. That domain does not resolve and is on registrar hold, so the promised broker is not something a client can actually use or verify today.
- It is opaque. No physical address, phone number or named owners appear on the site; contact is by email and Telegram only.
None of this proves fraud, and we did not find any regulator warning. But an unregulated, offshore, very young operation with unresolved payout complaints cannot be called safe, which is exactly what high risk and unverified means.
Evidence ledger
Every finding, with its source and how strongly it points.
E1PropPlus sells non-refundable evaluation challenges on MetaTrader 5 and funds accounts with the firm's own capital; clients do not deposit their own trading principal. This is a prop-firm model, not a deposit-taking brokerage.
ModeratePropPlus rules and FAQE2The firm holds no financial or forex licence. Its only official record is a Saint Lucia International Business Company registration, which is a company registration and not regulatory supervision.
E3The Saint Lucia International Business Companies registry confirms that 'Neon Markets Ltd. (IBC)' exists as a registered company.
E4The advertised Forex and CFD broker domain neonmarketsltd.com does not resolve and is on registrar client hold, so the promised broker is not usable even though the firm advertises launching it.
E5The oldest website, propplus.org, was registered on 29 November 2023, and the company Neon Markets Ltd was incorporated in May 2025, so the operation is under three years old.
E6Trustpilot shows a 2.7 star average on a handful of reviews, mostly one-star complaints about withdrawal delays and accounts closed for disputed reasons, alongside one report of over $20,000 successfully withdrawn.
ModerateTrustpilotE7An independent Iranian review site reports mixed-to-negative experiences: accounts closed without explanation, unresponsive support and one fraud allegation, but also users confirming repeated successful withdrawals. It stresses that no regulator would protect a client's funds.
ModerateIranian prop-firm review siteE8No regulator warning or alert naming the brand or its domains was found across IOSCO and major regulator lists as of September 2026.
ModerateRegulator warning-list sweepE9The business targets Iranian retail traders (Farsi-only site, an Iranian rial payment gateway, Iranian hosting and Telegram and Instagram channels) while incorporating offshore in Saint Lucia and excluding Saint Lucia, the United States and sanctioned countries.
ModeratePropPlus websiteE10Payments for challenges are taken by cryptocurrency (USDT) and an Iranian rial gateway, and challenge fees are non-refundable.
WeakPropPlus rulesE11The site publishes no physical address, phone number or named management; contact is limited to an email address and Telegram.
ModeratePropPlus contact pageE12The since-2023 claim matches the real registration date of the propplus.org domain (November 2023), so the operating age is not misrepresented.
ModerateDomain record (PIR RDAP)E13The official domestic company registry (ROCIP) returns no record for Neon Markets Ltd, which is consistent with the entity being an offshore IBC held in the separate non-public register rather than any sign of a well-known firm being impersonated.
The other side
The strongest case in this broker’s favour.
In fairness, several points weigh in the firm's favour, and a reader should know them.
- It is a real, working prop firm, not an empty shell. PropPlus has operated since late 2023, sells clearly-priced MetaTrader 5 challenges, and publishes rules, FAQs and a client dashboard.
- The company is genuinely registered. Neon Markets Ltd is a confirmed Saint Lucia IBC on Saint Lucia's International Business Companies registry.
- Payouts do happen. Independent user comments confirm successful withdrawals, including one of more than $20,000, and the firm offers weekly payouts and an 80% profit split.
- It does not fake a licence. The firm does not claim to be regulated or display a false regulator badge; it is open about being an unregulated prop firm.
- The age claim is honest. The since-2023 claim matches the real age of the propplus.org domain, so this is not a fake track record.
- No warning list names it. As of September 2026 we found no regulator alert against the brand or its domains.
- A prop firm needs no broker licence. Selling evaluation challenges is a service, so on its own the lack of a licence is not proof of wrongdoing.
What would change this
What we would need to see to revise the verdict.
Our view would move with the facts. Here is what would change it.
- Toward safer: a real, verifiable licence from a recognised financial regulator; a public, staffed office address and named management; and a longer track record with a steady, documented history of paid withdrawals.
- Toward worse: a regulator warning naming the brand or its domains; a clear cluster of specific, dated complaints showing withdrawals systematically refused; or the neonmarketsltd.com broker going live and taking client deposits while still unregulated. Any credible demand to pay an extra fee or tax before a payout is released would be a serious escalation.
- What would settle the company question: the Saint Lucia registry showing the IBC struck off or dissolved, or the firm changing brand or entity to shed this history.
Check it yourself
Official registers and warning lists. Verify every claim first-hand.
Saint Lucia IBC registry (name search)
Search 'Neon Markets' to see the 'Neon Markets Ltd. (IBC)' company record
Saint Lucia Online Company Registry (ROCIP)
Official domestic registry; the Neon Markets IBC is not listed here, which is normal for offshore IBCs
Domain record: neonmarketsltd.com
Shows the broker domain was created in May 2025 and is on registrar client hold
Domain record: propplus.org
Shows the prop-firm domain was created in November 2023
Trustpilot reviews
Independent user reviews of the operating site
PropPlus website
The firm's live site: challenges, rules and pricing
Frequently asked questions
Quick answers about this broker’s safety.
Is Neon Markets (PropPlus) a scam?
We did not find proof that it is a scam, but we rate it high risk and unverified. It is an unregulated Iranian prop firm registered offshore in Saint Lucia, it is under three years old, and it has unresolved complaints about closed accounts and blocked payouts. There is no regulator to protect your money.
Is Neon Markets a fraud?
We found no regulator warning, no enforcement action and no court record naming this firm for fraud, so we cannot call it a fraud. One user comment alleges fraud, but other users confirm they were paid. Treat it as high risk rather than proven wrongdoing.
Is Neon Markets Ltd regulated or licensed?
No. It holds no financial or forex licence from any regulator. Its only official record is a Saint Lucia International Business Company (IBC) registration, which is a company registration and not a licence, and it supervises nothing.
What is a Saint Lucia IBC, and does it protect my money?
An IBC is a low-cost offshore company registration. It proves a company exists on paper. It does not mean the firm is supervised, and it gives your deposits or payouts no protection at all.
Can I withdraw my money from PropPlus?
Some traders report successful withdrawals, including one of more than $20,000, and the firm advertises weekly payouts with an 80% profit split. Others report payouts delayed or blocked and accounts closed. Outcomes are mixed and not guaranteed.
Is my money safe with Neon Markets or PropPlus?
There is no regulatory safety net. If the firm withholds funds or closes your account, no financial authority can force it to pay. Only risk money you can afford to lose.
Who owns Neon Markets Ltd?
The firm does not publish the names of its owners or managers, a physical office address, or a phone number. Contact is by email and Telegram only. This lack of transparency is part of why we rate it high risk.
How old is the company?
Very young. The company Neon Markets Ltd was incorporated in Saint Lucia in May 2025, and its oldest website, propplus.org, was registered in November 2023. So the operation is under three years old.
Is Neon Markets a broker?
It advertises a Forex and CFD broker called Neon Markets Ltd at neonmarketsltd.com, but that site is currently offline. The live business is the PropPlus prop firm, which sells trading challenges rather than running a brokerage account for you.
Is Neon Markets a clone of another company?
We found no sign of that. Neon Markets is not copying the name, licence number or identity of a known regulated firm, so this is not a clone. It is its own small, unregulated operation.
Why does the website say since 2023 if the company is from 2025?
The 2023 date refers to the PropPlus brand and its website, which really do date to late 2023. The Saint Lucia company Neon Markets Ltd was set up later, in May 2025, to give the brand a corporate identity.
I think I was scammed by this firm. What should I do?
Gather every record: payment receipts, chat logs and support tickets. Ask your bank or card issuer about a chargeback, or your crypto exchange about a dispute. Report it to your local police or financial authority. Do not pay any extra fee that someone claims will unlock your funds.
What should I check before depositing with any prop firm or broker?
Confirm a real licence on the regulator's own register, look for a genuine address and named management, read independent reviews for payout complaints, and start small. If a firm is unregulated and hides who runs it, treat it as high risk.
Scan history
How this broker’s safety assessment has changed across scans.
What changed since September 2, 2026
- September 2, 2026CurrentHigh risk (unverified)65% risk
- September 2, 2026High risk (unverified)66% risk
Past scans are archived snapshots kept for transparency and are not indexed by search engines.
What we recommend
The practical takeaway from everything above.
What we suggest if you are considering Neon Markets or PropPlus.
- Treat it as high risk. Only ever risk money you can afford to lose completely, because there is no regulator and no client-money protection.
- Understand the product. You are buying a paid trading challenge, not opening a protected brokerage account. The challenge fee is non-refundable.
- Keep records. Save every payment, ticket and chat, so you can pursue a card or crypto dispute if a payout is withheld.
- Be cautious with the advertised broker. Do not deposit with a neonmarketsltd.com broker unless and until it is live and holds a real licence you can verify on a regulator register.
- Never pay to withdraw. No legitimate firm asks for a tax, fee or deposit to release your own money.
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 September 2, 2026. If any detail here is out of date or incorrect, or you represent this broker, please contact us.