Risk scorecard
Each area is scored 0 (clean) to 10 (worst). Higher means more risk.
Regulation
7/10 · HighHolds a genuine licence in its own name, confirmed on the issuer's register, but the issuer is disowned by the Comoros central bank and the certificate's own term ended 10 April 2025 while the licence is still advertised as current.
Identity & transparency
6/10 · HighLegal entity, company number and registered office are disclosed and match the register, but the working office in Montenegro sits outside any licence we could verify and the main site presents a template founder as its own.
Withdrawals & conduct
8/10 · CriticalFund-integrity complaints from different people on more than one platform describing the same mechanic, with amounts, an account number and a named account manager, and no reply or resolution from the company.
Reputation
7/10 · HighNo positive reviews found anywhere, no Trustpilot page at all, and a Turkish law firm publishing a victim advisory naming the brand, though no regulator has listed it.
Website claims
9/10 · CriticalAdvertises 10 years of trading experience and 25,000 satisfied customers on a 2024 operation with 17 Instagram followers, and presents an expired licence term as current.
Operational history
7/10 · HighVerified track record is about two and a half years on both the domain and company legs, against an advertised 10 years with no named predecessor carrying history forward.
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 Moheli, Comoros Union
- Working office: 80 Bulevar Pera Cetkovica, Podgorica 81000, Montenegro, with a Montenegro phone line
- Websites: pravdamrkts.com (client login and sales) and pravdamarkets.com (licence and company details)
- Only licence: MISA BFX2024078, issued 10 April 2024, term shown as ending 10 April 2025
- Offers: forex, CFDs, stocks, indices, commodities and crypto on MetaTrader 5, leverage to 1:400, minimum deposit 100 USD
- Not accepted: residents of the United States and Turkey, according to its own terms
- Age claim: 10 years of trading experience and 25,000 satisfied customers. Neither is supported by anything we could find.
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.
Four findings drive the number, and they point the same way.
- The age claim is false. The main site on record states 10 years of trading experience. The domain pravdamarkets.com was registered on 13 March 2024 and pravdamrkts.com on 2 August 2024. The company's own terms say it was incorporated in 2024, and its licence was issued in April 2024. No earlier brand or domain carries any history forward. The real track record is about two and a half years.
- The licence is genuine but close to worthless, and its term has run out. MISA lists PRAVDA MARKETS LTD, licence BFX2024078, and records the company's own website, so this is the company's own licence and not one borrowed from another firm. But the certificate shows a term ending 10 April 2025, and the site still presents the licence as current without mentioning any end date or renewal. Separately, the Banque Centrale des Comores, which is the actual national regulator, has stated publicly that the Mwali register has no legal basis to license financial firms at all. A client relying on this licence has nothing to appeal to.
- The complaints are about money, not service. Across more than one complaint platform, different people describe one mechanic: a withdrawal is requested, nothing arrives, and the account is then closed or restricted with the balance still in it. Specifics are attached, including amounts of 65,000 USD and 4,000 USD, an account number and a named account manager. That is a fund-integrity pattern, not a grumble about spreads. We found no reply from the company on any of them.
- The two sites do not describe the same business. pravdamarkets.com is careful and states the licence, the company number and a risk warning. The main site on record is an unmodified purchased template whose filler text still refers to installations and repairs and to shopping for deals, presents a founder photograph and name that belong to the template, and routes contact through a Turkish mobile number on WhatsApp. Its terms exclude Turkish residents. The complaints we found are from Turkey.
Two honest limits on the figure. The Mwali registrar publishes licence dates but no incorporation date, so the age rests on the domain records and is an upper bound rather than a precise figure. And this is a young operation, under three years old, which is exactly the profile where a clean finding would have meant least. Here the findings are not clean.
Evidence ledger
Every finding, with its source and how strongly it points.
E1The Mwali International Services Authority register lists PRAVDA MARKETS LTD, company number HT00324050, licence BFX2024078, issued 10 April 2024, with the licence end date shown as 10 April 2025 and the website recorded as pravdamarkets.com.
E2The same authority's list of authorised brokerage companies carries the company at entry 208 with licence BFX2024078 marked Active and the website pravdamarkets.com, confirming the licence is this company's own and not borrowed from another firm.
E3The main website on record displays 10 Years of trading experience and 25,000 plus satisfied customers as headline figures, alongside a founder name and photograph carried over from the website template.
E4The domain pravdamarkets.com was registered on 13 March 2024 through Hostinger, which contradicts the 10 year experience claim by roughly seven and a half years.
E5The domain pravdamrkts.com was registered on 2 August 2024 through Hostinger and shares the same pair of Cloudflare nameservers as the other domain, tying both sites to one operator.
ModerateVerisign RDAP registry recordE6A Turkish consumer complaint platform carries seven complaints about the company, all negative with no positive entries, describing a withdrawal request unanswered for a week, an account manager altering positions without permission, balances lost overnight, and withdrawals refused.
E7Two clients writing from Turkey in April 2025 describe the same failure, an account closed with a balance of 65,000 USD still on it after profits were made, naming account number 10699 and asking for the money back.
ModerateA third-party broker directoryE8The broker's own footer states the company holds licence BFX2024078 issued on 10 April 2024 with authorised capital of 250,000 USD, and presents it as current without mentioning the licence term or any renewal.
ModeratePravda Markets about pageE9The company discloses its legal entity, company number HT00324050, registered office in Fomboni and a working office at 80 Bulevar Pera Cetkovica in Podgorica, Montenegro, with a Montenegro phone line, and these match the register.
ModeratePravda Markets contact pageE10The homepage routes every call to action into a callback form asking for a phone number, with copy promising that dedicated account specialists will respond within minutes, and offers no self-service account opening.
ModeratePravda Markets homepageE11Trustpilot holds no review page for either pravdamarkets.com or pravdamrkts.com, so a firm claiming 25,000 satisfied customers has no presence at all on the largest open review platform.
ModerateTrustpilotE12The MetaTrader 5 installers offered on the site are served from a third-party host in Germany that mirrors the MetaQuotes download paths, rather than from MetaQuotes' own download service.
E13A sweep of the major regulator warning and alert lists returned no entry naming Pravda Markets, PRAVDA MARKETS LTD, pravdamarkets.com or pravdamrkts.com, and no enforcement action or fraud-related court record.
The other side
The strongest case in this broker’s favour.
The case against this broker is not airtight, and several points genuinely cut in its favour.
- It is not a clone. We checked the licence number against the issuer's register. It returns this company's own name, its own company number and its own website. Nobody else's credentials are being worn, which is the single most common fraud in this market and it is absent here.
- The corporate disclosure is real. A named legal entity, a company number, a registered office and a working address are all published, and the entity details match the register. Many worse operations disclose nothing at all.
- No regulator has acted. We swept the major warning and alert lists and found nothing naming this company or either of its domains. No enforcement action, no court record.
- The Turkey exclusion may be a fix, not a lie. The clause excluding Turkish residents may well have been added after the Turkish complaints, as a correction rather than a cover. We cannot date it, and we are not treating it as deliberate deception.
- Some complaints are ordinary trading disputes. Slippage and order-routing grievances appear in the same complaint set, and traders lose money at honest brokers too. We have kept those separate and they carry no weight in the score.
- The complaint volume is modest. This is not hundreds of victims. It is a small number of accounts, and a competitor can plant complaints. What stops us dismissing them is the specificity and the fact that they appear under different names on more than one platform.
What would change this
What we would need to see to revise the verdict.
These would move our assessment, in either direction.
- Down: a renewed MISA certificate showing a current licence term, published on the register with dates that have not expired.
- Down: the 10 years and 25,000 customers claims removed from the site, or evidenced with a named predecessor company or domain we can date.
- Down: credible, dated evidence of withdrawals being paid, including public replies resolving the existing complaints.
- Down: a licence from an authority that actually supervises, such as a Seychelles, Mauritius or Vanuatu dealer licence held by the entity that takes the deposits.
- Up: any regulator adding this company or either domain to a warning or alert list.
- Up: a credible report of a client being asked to pay a tax, fee or unlock charge before a withdrawal is released. We found no such report, and one would change this case materially.
- Up: the licence being removed from the register while the site continues to advertise it.
Check it yourself
Official registers and warning lists. Verify every claim first-hand.
MISA licence verification for Pravda Markets
The issuing authority's own certificate page, showing the licence number, the company number and the licence dates.
MISA list of authorised brokerage companies
The full register list where the company appears at entry 208.
Pravda Markets company and licence details
The broker's own page carrying its legal entity, company number and licence statement.
Frequently asked questions
Quick answers about this broker’s safety.
Is Pravda Markets a scam?
We assess it as high risk and rate the likelihood of a scam at 74 percent. The company exists and holds a real licence, but the licence is from an authority the Comoros central bank says has no power to issue one, the site overstates the firm's age by roughly seven years, and clients on more than one platform report withdrawals that were never paid.
Is Pravda Markets a fraud?
No regulator or court has found fraud, so we do not state that as a fact. What we can say is that we assess the risk of fraud as high. There is no warning-list entry, no enforcement action and no fraud-related court record naming this company, but the conduct clients describe, which is deposits accepted and withdrawals then refused, is the pattern that matters most.
Is Pravda Markets regulated?
It holds licence BFX2024078 from the Mwali International Services Authority in the Comoros. We confirmed it on that authority's own register. However, the Banque Centrale des Comores, the country's actual central bank, has publicly stated that this register has no legal basis to license financial firms. In practice the licence gives you no protection.
Can I withdraw my money from Pravda Markets?
Several clients say they could not. The reports describe a withdrawal request that goes unanswered for weeks, followed by the account being closed or restricted with the balance still on it. We found no public evidence of withdrawals being paid and no replies from the company resolving these cases.
Is my money safe with Pravda Markets?
We would not treat it as safe. There is no compensation scheme behind this licence, no segregated-client-money requirement we could verify, and no ombudsman or dispute body to appeal to. If the company does not pay you, there is no regulator that will make it.
Who owns Pravda Markets?
The trading entity is PRAVDA MARKETS LTD, company number HT00324050, registered at Bonovo Road, Fomboni, on the island of Moheli in the Comoros. Its working office is in Podgorica, Montenegro. The individual owners are not disclosed. A founder name and photograph shown on the main site belong to the website template rather than to the company.
How old is Pravda Markets?
About two and a half years. The domain pravdamarkets.com was registered in March 2024, pravdamrkts.com in August 2024, the company was incorporated in 2024 and the licence was issued in April 2024. The site's claim of 10 years of trading experience is not supported by any record we could find.
What is a MISA licence worth?
Very little. MISA is a registrar on the autonomous island of Moheli, not a functioning supervisor. It does not monitor how client money is held, does not run a compensation scheme and does not resolve disputes. The Comoros central bank has said it has no legal standing to issue financial licences at all.
Is Pravda Markets a clone of another broker?
No. We checked the licence number on the issuer's register and it returns this company's own name, its own company number and its own website. It is not wearing another firm's credentials, which is a genuine point in its favour.
Does Pravda Markets accept clients from Turkey?
Its own terms say it does not serve residents of Turkey or the United States. In practice the main site on record lists a Turkish mobile number as a WhatsApp contact, and the complaints we found come from Turkish clients. Pravda Markets holds no authorisation from Turkey's Capital Markets Board.
What should I check before depositing with any broker?
Open the regulator's own register yourself and search the licence number. Check the entity name matches the company taking your money, check the website listed on the register matches the site you are on, and check the licence dates rather than just the status word. Then search the domain, not the brand name, for complaints.
What do I do if I have already deposited with Pravda Markets?
Request a full withdrawal in writing and keep every record. Do not pay any further amount described as a tax, fee, or unlock charge, because that is how losses get larger. If you paid by card, ask your bank about a chargeback quickly. Report it to the financial regulator where you live.
What we recommend
The practical takeaway from everything above.
Treat this as a broker to avoid until the points above are answered.
- Do not deposit. The licence gives you no practical protection, and the reported failure is the one that matters, which is money not coming back.
- If you already hold a balance, request a full withdrawal now, in writing, and keep the request, the timestamps and every reply.
- Never pay a further amount to release funds. No legitimate broker requires a tax, fee or unlock payment before returning your own money.
- If you paid by card, ask your bank about a chargeback quickly, because the time limits are short.
- Report it to the financial regulator where you live. Turkish residents can report to the Capital Markets Board, which does not authorise this company.
- Check any licence yourself on the issuing authority's own register, and check the dates on the certificate, not just the status word.
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.