Risk scorecard
Each area is scored 0 (clean) to 10 (worst). Higher means more risk.
Regulation
7/10 · HighOnly a Comoros MISA registration, confirmed on the issuer register but a near worthless tier 4 offshore licence, with a stated term that ended April 2025 and no regulation where it actually operates.
Identity & transparency
5/10 · ModerateLegal entity, company number, address, phone and email are disclosed and the company is confirmed on the registrar, but the registered office is a shared Comoros mail drop, ownership is undisclosed and the Montenegro office is unverified.
Withdrawals & conduct
5/10 · ModerateTwo fund integrity complaints (accounts closed after profit, funds withheld) that are specific but sit on one platform only and could not be corroborated, so the pattern is unconfirmed.
Reputation
6/10 · HighThin footprint with no Trustpilot page and no regulator warning, but listed on a scam tracker and carrying a couple of serious withheld funds complaints; net negative but limited.
Website claims
6/10 · HighPresents a worthless offshore licence as stringent regulation and does not disclose the licence term end; no fake tier one claims, awards or false history, which keeps it out of the top band.
Operational history
5/10 · ModerateRoughly 18 months old on the domain and company evidence; no age misrepresentation, but a short and unproven track record.
Who they are
A quick desk file on the company behind the brand.
- Brand: Pravda Markets
- Legal entity: Pravda Markets LTD (company number HT00324050)
- Registered: Bonovo Road, Fomboni, Island of Mohomeli (Mohéli), Comoros Union
- Operating office: 80 Bulevar Pera Cetkovica, Podgorica 81000, Montenegro (phone +382 68 930 313)
- Website: pravdamrkts.com and pravdamarkets.com
- Only licence: Comoros MISA, licence BFX2024078 (tier 4 offshore, near worthless)
- Offers: MetaTrader 5; forex, CFDs, stocks, indices, commodities and crypto; up to 1:400 leverage; from 100 USD; deposits by card, bank transfer and Bitcoin
- Not accepted: residents of the USA and Turkey, per the site
- Age claim: none stated on the site; the footer is dated 2025
Regulation
Who really oversees this broker, and what each licence is worth to you.
Proof of regulation on an official register: Yes
We confirmed this broker on a genuine regulator’s register.
Licences the broker publishes
Mwali International Services Authority (MISA)
Why we reached this verdict
How the evidence adds up.
We rate Pravda Markets high risk and unverified. The score reflects a young, thinly documented offshore operation as much as any proven misconduct, but there are real warning signs.
- The only licence is a Comoros MISA registration. We confirmed licence BFX2024078 on MISA's own register in the name Pravda Markets LTD, with the site pravdamarkets.com attached, so it genuinely belongs to this company and is not an impersonation of another firm. MISA, however, is a bottom tier offshore registrar; industry analysis describes a Mwali licence as a worthless piece of paper rather than real supervision.
- On MISA's own record the licence carries an issue date of 10 April 2024 and an end date of 10 April 2025. That term has passed, while the website still advertises the licence as current and speaks of 'stringent regulations' and 'transparency and security'.
- The business is new. The domain pravdamarkets.com was registered in March 2024 and pravdamrkts.com in August 2024, so the operation is roughly 18 months old.
- It is incorporated in the Comoros but operated from Montenegro, and it holds no licence in Montenegro, the EU, the UK or any comparable jurisdiction.
- A small number of traders describe the classic profit then withhold pattern: an account closed after a gain, with money not returned. We treat this as a warning sign and not proof, because it appears on one third party site only and we could not corroborate it.
- No regulator warning names this broker or its domain on the FCA, CONSOB, CNMV or FSMA lists or in IOSCO alerts. For an operation this new, that silence is not a clean bill of health.
The evidence we can fully stand behind points to a figure near 60 percent. We publish 65 because the operation is under three years old, and for a broker this new the absence of hard findings means less, not more.
Evidence ledger
Every finding, with its source and how strongly it points.
E1MISA's own verification page shows licence BFX2024078 issued to PRAVDA MARKETS LTD (company number HT00324050) with website pravdamarkets.com, so the licence genuinely belongs to this broker and is not a clone.
E2The same MISA record states the licence term ran from 10 April 2024 to 10 April 2025; that end date has passed, yet the website still presents the licence as current.
E3Independent industry analysis describes the Mwali (MISA) forex licence as a worthless piece of paper rather than genuine financial regulation.
ModerateTradeInformerE4The domain pravdamarkets.com was registered on 13 March 2024 and pravdamrkts.com on 2 August 2024, making the operation about 18 months old.
E5No warning or alert naming Pravda Markets or its domain was found on the FCA, CONSOB, CNMV or FSMA lists or in IOSCO alerts.
E6No Trustpilot review page exists for pravdamarkets.com, indicating a thin public footprint for an operation soliciting deposits.
WeakTrustpilotE7The site takes deposits from 100 USD for live MetaTrader 5 trading at up to 1:400 leverage, so it is a retail brokerage taking client money, not a prop firm or education seller.
ModeratePravda Markets websiteE8User reports on a third party broker directory allege that Turkish clients' accounts were closed after profits and about 65,000 US dollars was withheld in April 2025; these appear on a single platform and could not be corroborated.
Weaka third-party broker directoryE9A third party scam tracker lists Pravda Markets LTD (BFX2024078) among Mwali registered operations to avoid.
E10The company Pravda Markets LTD, number HT00324050, is recorded on the Mwali registrar of companies with a registered office at Bonovo Road, Fomboni, Mohomeli, Comoros.
The other side
The strongest case in this broker’s favour.
The fair case in Pravda Markets' favour:
- The MISA licence is real and correctly attributed. The register shows the licence number, the exact company name and the exact website, so this is not a clone wearing another firm's credentials.
- The company is openly disclosed: a named legal entity, a company number, a registered office and a contactable office, phone and email in Montenegro.
- No financial regulator has published a warning naming this broker or its domain.
- The site does not make grand false claims. It does not pretend to hold a tier one licence, invent awards, or claim a long history it does not have.
- Offshore registration and high leverage are common across the industry. They are a risk tier, not by themselves evidence of a scam.
What would change this
What we would need to see to revise the verdict.
What would move this verdict:
- Worse: more withdrawal complaints, on independent platforms and with checkable detail (amounts, dates, ticket numbers), would push this toward likely scam.
- Worse: a regulator warning naming pravdamarkets.com or Pravda Markets LTD would be strong evidence against it.
- Worse: clear evidence that the reported account closures were deliberate refusals to pay would raise the risk sharply.
- Better: a licence from a mainstream regulator (for example an EU, UK, Australian or comparable tier one or tier two authority), verifiable on that regulator's own register.
- Better: a track record of two or more years with consistent, independent reports of paid withdrawals.
- Better: public confirmation that the clients who complained were in fact paid.
Check it yourself
Official registers and warning lists. Verify every claim first-hand.
MISA licence verification (Pravda Markets LTD)
The Mwali (Comoros) registrar's own record for licence BFX2024078
MISA authorised brokerage companies list
Full list of MISA registered brokers; the entry is number 208
Pravda Markets regulation statement (About page)
The broker's own licence claim and verification QR code
Why a Comoros (Mwali) forex licence is worthless
Independent industry explainer on what a MISA licence actually is
Frequently asked questions
Quick answers about this broker’s safety.
Is Pravda Markets a scam?
We could not confirm it is an outright scam, but we rate it high risk at 65 percent. It is a very new offshore broker with only a near worthless Comoros licence, and some traders report their funds were withheld.
Is Pravda Markets a fraud?
We found no regulator warning, no enforcement action and no court record of fraud naming Pravda Markets LTD or pravdamarkets.com, so we cannot call it a fraud. We do assess the overall risk as high.
Is Pravda Markets regulated?
Only by the Mwali International Services Authority (MISA) in the Comoros, a bottom tier offshore registrar. It has no licence in the EU, UK, Australia, the United States or any other major jurisdiction.
Is the MISA licence BFX2024078 real?
Yes. It appears on MISA's own register in the name Pravda Markets LTD with the website pravdamarkets.com. But MISA offers no meaningful supervision, and the licence record shows a term that ended on 10 April 2025.
Can I withdraw my money from Pravda Markets?
Some traders say they could not. Two reports describe accounts closed after a profit with funds not returned. We could not independently confirm these, but they are a serious warning sign.
Is my money safe with Pravda Markets?
There is no compensation scheme behind a Comoros MISA registration. If the firm fails or refuses to pay, there is no realistic safety net for your deposit.
Who owns Pravda Markets?
The operating company is Pravda Markets LTD (company number HT00324050), incorporated in the Comoros and run from an office in Podgorica, Montenegro. The individual owners are not disclosed.
How old is Pravda Markets?
About 18 months. Its main domains were registered in March and August 2024, and the company was set up in 2024.
Where is Pravda Markets based?
It is registered in the Comoros, on the Island of Mohomeli (Mohéli). Its working office and phone number are in Montenegro.
Is Pravda Markets a clone of another broker?
No. The licence and website on the register match this company, so it is not impersonating another firm.
What is a MISA or Mwali licence worth?
Very little. It is an offshore registration, not supervision by a real financial regulator, and it provides no client protection or compensation.
What should I do if I was scammed by Pravda Markets?
Gather your records (deposits, withdrawal requests, chat logs), request your funds in writing, and report the matter to your local financial regulator and police. Be wary of anyone who later offers to recover your money for a fee, as that is a common second scam.
Scan history
How this broker’s safety assessment has changed across scans.
What changed since September 23, 2026
- September 23, 2026CurrentHigh risk (unverified)65% risk
- September 23, 2026Likely scam74% 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.
For anyone considering Pravda Markets:
- Treat it as high risk. A Comoros MISA registration comes with no compensation scheme and no realistic route to recover money if something goes wrong.
- Do not deposit more than you can afford to lose, and be wary if an account manager pressures you to add funds or to trade for a bonus.
- If you are in the EU, UK or another well regulated market, prefer a broker licensed by your own regulator.
- If you already hold funds there, request a withdrawal early and keep a written record of every request and reply.
- If a withdrawal is refused, complain in writing and report it to your local financial regulator and the police. Be cautious of anyone who then offers to recover your money for an upfront fee, which is a common follow up scam.
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 23, 2026. If any detail here is out of date or incorrect, or you represent this broker, please contact us.
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