Risk scorecard
Each area is scored 0 (clean) to 10 (worst). Higher means more risk.
Regulation
7/10 · HighNo financial licence in any jurisdiction while acting as the trading counterparty for funded client accounts. A Saint Lucia IBC registration is a company formation and gives clients no protection at all.
Identity & transparency
5/10 · ModerateEntity name confirmed on Saint Lucia's IBC register, with registration number, incorporation date, two addresses, phone and email published, and the Prop Plus relationship openly disclosed. Against that, no owners or directors are named and the registration number could not be checked on a public record.
Withdrawals & conduct
7/10 · HighA consistent fund-integrity pattern across four platforms of profit payouts refused or delayed and accounts closed after a payout request, acknowledged in part by the operator, but set against credible reports of successful payouts and published payment receipts.
Reputation
6/10 · HighMixed and trending negative: 2.7 out of 5 on Trustpilot with 80 percent one-star, 3.6 out of 5 across 148 comments on a Persian review site, and several independent reviewers rating it high risk. No regulator warning anywhere.
Website claims
5/10 · ModerateHonest about its founding date, claims no licence it does not hold, and publishes real risk warnings and excluded jurisdictions. But it markets itself as a forex brokerage serving investors worldwide, plus asset tokenisation, with no permission to do any of it and no visible account-opening apparatus.
Operational history
6/10 · HighVerified track record of about one year and four months from incorporation in May 2025, with the group's oldest domain at 29 November 2023. Both legs are under three years, and the broker's own website has now been suspended by its registrar.
Who they are
A quick desk file on the company behind the brand.
- Brand: Neon Markets, the broker arm of the Persian-language prop firm Prop Plus.
- Legal entity: Neon Markets Ltd., an International Business Company. The name appears on Saint Lucia's Registry of International Business Companies.
- Registered: Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia. The company publishes registration number 2025-00327 and an incorporation date of 7 May 2025.
- Business base: Ulica Slobode 45, Stan 12, Podgorica, Montenegro, with a Montenegrin telephone number. The client base is Persian-speaking.
- Website: neonmarketsltd.com, registered 27 May 2025 and offline since 22 August 2026. The live face of the operation is propplus.org.
- Only licence: None. It holds a company registration, not a trading licence, and it does not claim one.
- Offers: Forex, CFDs on metals, indices and commodities, asset tokenisation, and funded prop-trading accounts on MetaTrader 5. Challenge fees run from about 13 to 197 dollars. Payouts are made in Tether.
- Not accepted: Residents of the United States, Cuba, Iraq, Russia, Myanmar, North Korea, Sudan and Saint Lucia itself.
- Age claim: The company states it was established on 7 May 2025 and does not overstate its history. The Prop Plus brand behind it dates to late 2023.
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.
Three things drive the 66 percent, and one thing holds it back from a scam verdict.
- Nobody regulates this firm. Saint Lucia registers companies but does not license forex or CFD brokers. We searched Saint Lucia's Registry of International Business Companies and found the name Neon Markets Ltd. on it, which proves the company exists. It proves nothing about permission to hold or trade client money. There is no capital requirement, no segregation rule, no ombudsman and no compensation fund behind this operation.
- The payout complaints follow one pattern. A trader passes a challenge, requests a profit payout, and is then told of a rule breach or given no answer. Reports include four months without a payout, sixty days waiting, a funded account of about 7,000 dollars left unpaid, a third withdrawal delayed three weeks before the account was closed, and a payout rejected on 28 December 2025 for a floating-risk breach the trader says the panel never showed. The same accounts describe being blocked after they asked. These come from four separate places, from different named users, and the operator itself has publicly acknowledged delays in paying part of real-account profits. Its own rulebook allows it: a floating-risk breach 'for any reason, without prior warning' costs the trader the real account, and a hedging breach means accounts are seized with no refund to either side.
- The broker's own website has been switched off. The registrar placed neonmarketsltd.com on client hold on 22 August 2026 and it no longer resolves. The registration itself runs to 2028, so this is not a missed renewal. Meanwhile the prop firm is still trading, still selling challenges, and its About page still names Neon Markets Ltd as its broker.
- What keeps this short of a scam finding. No regulator anywhere has issued a warning about this firm, there is no enforcement action and no court record. It is not a clone and it wears nobody else's licence or registration. It does not invent a regulator, does not fake awards, and states its real founding date rather than claiming years it never had. Payouts demonstrably do happen, including one report of more than 20,000 dollars withdrawn.
- On the age figure. The verified track record is about one year and four months, measured from the company's incorporation in May 2025. The oldest domain in the group, propplus.org, dates to 29 November 2023, which is still under three years. We could not open the per-company record on the Saint Lucia register because that needs a registered-agent login, so the incorporation date rests on the company's own published statement and two independent write-ups that repeat it. Treat the age as an upper bound.
Evidence ledger
Every finding, with its source and how strongly it points.
E1The broker's own website states it is an International Business Company registered in Saint Lucia with registration number 2025-00327, established on 7 May 2025, and names no regulator anywhere on the page. It is a single-page brochure whose only functional destination is the prop-trading site.
E2Saint Lucia's Registry of International Business Companies returns the entity Neon Markets Ltd. as an IBC, confirming the company genuinely exists. The public name search shows no registration number, date or status, so the number the firm publishes could not be confirmed.
E3The domain registration record shows neonmarketsltd.com created on 27 May 2025, and a status of client hold applied on 22 August 2026. A client hold removes the domain from the internet. The registration does not expire until 2028, so this is not a lapsed renewal.
E4The domain name system returns no address for neonmarketsltd.com, confirming the broker's website is off the internet as of 2 September 2026.
E5Prop Plus states on its own About page that it began in 2023 as an Iranian prop-trading firm and has launched its own broker under the trade name Neon Markets Ltd. This establishes that the prop firm and the broker are one operation, and it remains published while the broker's website is offline.
E6The prop-trading brand was served from prop.neonmarketsltd.com, a subdomain of the broker's own domain, tying the two brands together by shared infrastructure as well as by their own statements.
E7Trustpilot shows 2.7 out of 5 from 5 reviews with 80 percent at one star. Complaints dated 14 July 2025, 28 December 2025 and 8 July 2026 describe an account banned after rule disputes, a payout rejected over a disputed floating-risk breach, and two withdrawals left unpaid with a server freeze given as the reason. A five-star review dated 1 August 2025 reports more than 20,000 dollars successfully withdrawn.
E8A Persian review site carrying 148 user comments at an average of 3.6 out of 5 records complaints of four months without profit payouts, sixty days waiting on a withdrawal, a funded account of about 7,000 dollars left unpaid, and accounts locked after a withdrawal was questioned. It also records a user who withdrew successfully after passing both phases.
E9A second review site records named users describing a third withdrawal delayed about three weeks and the account then closed after contacting support, and confirms the operator publicly acknowledged delays in paying part of real-account profits. It ties the operation to Neon Markets Ltd and Saint Lucia registration 2025-00327, and flags opaque ownership and no verifiable financial regulation.
ModerateKodam Broker review of Prop PlusE10A third review site records a user account closed without warning on 15 February 2026 including two other challenges, one already passed, and a payout request rejected on 27 December 2025 on a floating-risk breach the trader says the panel never displayed. It also notes the company publishes Tether payment receipts with transaction identifiers in its Telegram group.
ModeratePropyab review of Prop PlusE11The published rulebook lets the firm take a passed real account with no warning for a floating-risk breach for any reason, seize accounts with no refund to either side for hedging, and block accounts for abnormal trading styles or VPS use. These are the same grounds traders say were used to refuse their payouts.
ModerateProp Plus trading rules pageE12An independent Persian broker profile locked to neonmarketsltd.com confirms Neon Markets Ltd as a Saint Lucia IBC, number 2025-00327, dated 7 May 2025, with no legitimate financial regulation, no consumer account-opening function, and no track record on independent review sites.
E13A fourth review site independently reports that Prop Plus operates through Neon Markets Ltd, an IBC in Saint Lucia, on MetaTrader 5, and classes it high risk on account of no legitimate regulation, a short operating history, ambiguous ownership and user complaints, while stating no formal finding of fraud exists.
ModerateProp Check review of Prop PlusE14The group's original domain propplus.org was registered on 29 November 2023 and runs on Iranian nameservers, corroborating the stated 2023 start date for the prop brand and placing the operation's oldest verifiable leg under three years.
E15The archive record shows the broker's website first captured on 13 July 2025 and last captured on 22 December 2025, with no earlier history under any other brand. There is no sign the domain previously hosted a different business.
E16Saint Lucia's domestic company register holds no Neon Markets record. Searching Neon returns three unrelated local entities, which confirms the register works and that this company sits on the separate international business companies register instead.
E17A warning-list sweep across the UK, US, Australian, Italian, German and Belgian regulators returned no entry naming Neon Markets Ltd, neonmarketsltd.com or propplus.org as of 2 September 2026. Absence from these lists is not clearance, since they lag new operations.
E18The similarly named domain neonmarkets.com was registered in 2015 and sits on a domain marketplace's nameservers, unconnected to this operation. Some third-party write-ups wrongly state the firm moved there. The operation's only broker domain is neonmarketsltd.com.
The other side
The strongest case in this broker’s favour.
The fairest case for Neon Markets Ltd, and it is not a weak one:
- It does not lie about what it is. Most operations in this category invent a regulator or buy a worthless offshore licence and call themselves supervised. This one publishes an accurate description of itself as a Saint Lucia International Business Company, prints a real risk warning, and lists the countries it will not serve.
- It does not lie about its age. The site says established 7 May 2025. The domain was registered twenty days later. Those agree, and an honest founding date is rarer in this queue than it should be.
- The company is real and traceable. The entity name is on Saint Lucia's IBC register, and the group publishes a business address in Podgorica, a working telephone number and an email address.
- The corporate structure is disclosed, not hidden. Prop Plus states openly on its own About page that Neon Markets Ltd is its own broker. Many operators conceal exactly this relationship.
- People do get paid. A reviewer reports more than 20,000 dollars withdrawn, another describes two successful withdrawals before problems started, and the company publishes payout receipts with transaction identifiers. Across 148 comments on one Persian review site the average rating is 3.6 out of 5, which is not the profile of an operation that never pays.
- The money at risk is smaller than at a deposit-taking broker. Clients pay a challenge fee of roughly 13 to 197 dollars rather than depositing trading capital. What gets disputed is claimed profit on the firm's own money, which is a real loss but not the same as a stolen deposit.
- No regulator has said a word against it. We swept the warning lists and found nothing naming this firm or its domains.
What would change this
What we would need to see to revise the verdict.
Concrete things that would move this report in either direction:
- Lower the risk: a genuine trading licence from a real financial regulator, with the number resolving on that regulator's own register to Neon Markets Ltd and to its own website.
- Lower the risk: neonmarketsltd.com returning to service with a working client area, and a clear public explanation of why the registrar suspended it.
- Lower the risk: the open payout disputes being settled, with the traders who reported four-month delays and closed accounts confirming publicly that they were paid.
- Lower the risk: the Saint Lucia register showing registration 2025-00327 against this company on a record the public can open, confirming the number the firm publishes.
- Raise the risk: any regulator adding Neon Markets Ltd, neonmarketsltd.com or propplus.org to a warning or alert list.
- Raise the risk sharply: a credible report that clients were asked to pay a tax, fee or deposit before their funds would be released. We found no such report, and it would change the picture completely.
- Raise the risk: the prop firm continuing to sell challenges while payouts stop entirely, or the operation reappearing under a fresh brand and domain with the same rulebook and the same disputes left behind.
Check it yourself
Official registers and warning lists. Verify every claim first-hand.
Saint Lucia Registry of International Business Companies, name search
Type Neon Markets and search by hand to see the IBC name record. It is a company register, not a financial regulator.
Saint Lucia Registry of Companies and Intellectual Property
The domestic company register. It holds no Neon Markets record, because the company sits on the separate IBC register.
Domain registration record for neonmarketsltd.com
Shows the 27 May 2025 registration and the current client hold status applied on 22 August 2026.
Trustpilot reviews for the operation's prop brand
Customer reviews of the prop firm that Neon Markets Ltd acts as broker for.
Frequently asked questions
Quick answers about this broker’s safety.
Is Neon Markets a scam?
We did not find enough to call it a proven scam, and we rate it high risk at 66 percent. It holds no financial licence in any country, and traders on four separate platforms report profit payouts refused, delayed for months, or accounts closed after a withdrawal request. Against that, some users confirm being paid, including one report of more than 20,000 dollars withdrawn.
Is Neon Markets a fraud?
No regulator or court has accused Neon Markets Ltd of fraud. We found no warning-list entry, no enforcement action and no fraud-related court record naming the company or its website. What we did find is a repeated pattern of complaints about profits not being paid and accounts being closed after a payout was requested, which we treat as a serious risk signal rather than a finding of criminal conduct.
Is Neon Markets regulated?
No. Neon Markets Ltd is registered as an International Business Company in Saint Lucia, and Saint Lucia does not license or supervise forex and CFD brokers. Company registration creates a legal entity and nothing more. To its credit the firm does not claim to be regulated, but that means no authority checks its finances, holds its client money rules to account, or hears your complaint.
Who is behind Neon Markets?
Prop Plus, a Persian-language proprietary trading firm operating since late 2023, states on its own About page that it launched Neon Markets Ltd as its own broker. The two run as one group. No individual owners or directors are named on either website, which several independent reviewers flag as a transparency problem.
Can I withdraw my money from Neon Markets?
Some people can and some report they cannot. Documented complaints include four months with no profit payout, sixty days waiting on a withdrawal, a funded account of about 7,000 dollars left unpaid, and accounts closed after the trader asked about a delay. Other users confirm successful payouts in Tether. The company has publicly acknowledged delays in paying part of real-account profits.
Is my money safe with Neon Markets?
There is no regulatory protection. No authority requires the firm to hold minimum capital, to keep client funds in segregated accounts, or to belong to a compensation scheme. If the money is not returned, there is no financial ombudsman or regulator with jurisdiction to make it happen.
How old is Neon Markets?
The company states it was incorporated on 7 May 2025, and its website was registered on 27 May 2025, so the broker is about one year and four months old. The wider group's original domain, propplus.org, dates to 29 November 2023. Either way the operation is under three years old, which is the period when problems most often surface.
Why does the Neon Markets website not load?
The registrar placed neonmarketsltd.com on client hold on 22 August 2026, which removes a domain from the internet. The registration itself does not expire until 2028, so this is not a missed renewal. The company has published no explanation, and the affiliated prop firm still links to the address.
Is Neon Markets a clone of another company?
No. We checked and found no impersonation. Neon Markets Ltd does not display another firm's licence number, company registration or address, and it does not copy the identity of any regulated business. Note that it is unrelated to the Neon trading platform operated by Marex at neon.markets, despite the similar name.
What is a Saint Lucia IBC registration worth?
As financial protection, nothing. An International Business Company registration is a company formation, obtainable through a registered agent. Saint Lucia's authorities do not license forex brokers, do not check how client money is handled, and do not resolve disputes between a broker and its clients.
What is the connection between Neon Markets and Prop Plus?
They are the same operation. Prop Plus sells the trading challenges and Neon Markets Ltd is the broker it created to hold the resulting accounts. The prop site once ran on a subdomain of the broker's own domain, and each site names the other. It means the firm setting the rules, judging whether you broke them, and holding the money are all one group.
What should I check before depositing with any broker?
Find the licence number on the regulator's own register, not on the broker's website, and confirm the register lists that exact company and that exact web address. Check the domain's age. Read the payout and account-closure rules in full. Search the domain name, not the brand name, on review sites. If there is no licence anywhere, treat the money as capital you may not see again.
I lost money with Neon Markets. What can I do?
Gather your evidence now: tickets, dates, amounts, wallet addresses and the full support conversation. Report it to the financial regulator where you live and to your payment provider, since a chargeback or crypto trace is sometimes possible. Be very careful of anyone who approaches you offering to recover the funds for an upfront fee, because recovery-fee approaches are a second scam aimed at people who have already lost money.
What we recommend
The practical takeaway from everything above.
What we suggest if you are considering this firm or already trading with it:
- Do not send money you cannot afford to lose. There is no regulator, no client-money segregation and no compensation scheme. If the money is not returned, there is no authority to complain to.
- Treat the broker website being offline as a warning. A broker whose own site has been switched off by its registrar, while the affiliated firm keeps selling, is not in a normal state of business.
- If you hold a funded account, request your payout now and keep everything: the ticket, the dates, the panel screenshots showing your floating risk, and the full support conversation. The disputes we read turn on exactly those details.
- Read the floating-risk and hedging rules before you trade. A breach costs the real account with no warning and no refund, and that clause is the one most often cited when a payout is refused.
- Keep challenge fees small and do not scale up until you have personally received a payout and it has cleared.
- If you have lost money, report it to your national financial regulator and your payment provider. Ignore anyone who contacts you offering to recover it for an upfront fee, because that is a second scam that targets people in exactly this position.
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.