Pravda Markets: MISA licence BFX2024078

It names only the countries it refuses. The site states that PRAVDA MARKETS LTD does not provide services to residents of certain countries, such as the USA and Turkey, and its risk warning separately excludes anyone resident in or located in the United States. No list of accepted countries is published, so acceptance anywhere else cannot be assumed.

The broker does not publish a withdrawal processing time. Its only statement on the subject is a marketing reference to lightning-fast withdrawal processing, which is not a term and carries no commitment. Because no client agreement is published, the conditions under which a withdrawal is paid are not documented anywhere.

The broker names four channels: Bitcoin, Visa, Mastercard and bank transfer. It publishes no deposit or withdrawal page, so fees, minimum and maximum amounts and processing times are not disclosed. The site advertises fast withdrawal processing, but no published term supports that claim and there is no withdrawal policy of any kind.

There is no online account opening. The site publishes no registration form; the stated route is to submit a contact form at pravdamarkets.com/contact, after which account specialists make contact. A prospective client therefore cannot see the account terms before speaking to a salesperson.

MetaTrader 5, and nothing else. Links are provided for Windows, macOS, Android, iOS, Linux and the web terminal, but they point to the generic MetaQuotes downloads rather than a broker build, and the site names no trading server and offers no client portal or account login.

The site does not say. The only pricing statement anywhere is that spreads start from 0.0 pips. There is no commission schedule, no swap table, no inactivity fee and no funding fee published, and no spread figure is attached to any individual account, so the real cost of trading cannot be established before making contact.

Up to 1:400, applied uniformly across all of its accounts. Leverage at that level magnifies losses as much as gains, and because no onshore regulator supervises the company there is no negative balance protection requirement behind it.

100 USD. The same minimum applies to every account the broker lists, including the Standard, Standard Swap Free, ECN and ECN Swap Free options.

It is incorporated offshore and run from Europe. The registered office is in the Comoros Union, while the working office is given as 80 Bulevar Pera Cetkovica, Spr. 3, St 12, Podgorica 81000, Montenegro. The published telephone number is a Montenegrin one.

The brand is operated by PRAVDA MARKETS LTD, which the site gives as a Comoros Union company with registration number HT00324050 and a registered office on Bonovo Road, Fomboni, Island of Moheli. No directors, officers or shareholders are named anywhere on the site, and the registration could not be verified against an official register.

Nothing found in this review establishes fraud, and nothing establishes that the operation is safe either. It should be treated as unverified. The company names itself openly and publishes contact details, but its licence and its company registration could not be confirmed anywhere, and it publishes no client agreement or withdrawal terms at all.

Not in any way that can be confirmed. Pravda Markets claims one licence, BFX2024078, from the Mwali International Services Authority in the Comoros, an offshore authority that operates no public licence lookup. This review could not confirm the licence on any official record, so it stands as claimed rather than held. No regulator in a mainstream market supervises the company.