MetaTrader 5
MetaTrader 5 (MT5) is a next-generation multi-asset platform for trading Forex, stocks, and futures, with advanced analytics, faster execution, and powerful algorithmic trading tools.
Runs on
- Web Trader
- Mobile
Details
Is Prodigy a scam?
Wikilix independent safety report
55%Scam risk
High risk (unverified)Confidence: MEDIUM
3.0/5Safety rating 3 out of 5
We rate Prodigy high risk at 55 percent , and we stop short of calling it a scam. It does hold a genuine Mauritius dealing licence, but it advertised a Saint Lucia licence that cannot exist, and its…
Risk scorecard · each area scored 0 (clean) to 10 (worst)
Regulation6/10 · HighIdentity & transparency4/10 · ModerateWithdrawals & conduct4/10 · ModerateReputation7/10 · HighWebsite claims7/10 · HighOperational history6/10 · High
Editorial review
Broker Summary
What Wikilix has recorded about Prodigy: its history, the licences it holds, its trading conditions and its fees.
Prodigy Markets Broker Overview
Prodigy Markets is the trading brand of Prodigy Trading Ltd, a Mauritius company that began operating in 2023 and offers forex and CFD trading on MetaTrader 5. Its regulatory position rests on a single offshore licence, and accounts are funded by card, bank transfer, e-wallet or cryptocurrency with a minimum deposit of 100 USD per method.
The most important current fact about this broker is that its website is not serving any content. Every address on prodigymarkets.net, including the home page, returns an error page, and the site publishes no pages at all. The domain still resolves and still carries the broker's own site rather than somebody else's, but nothing it previously advertised can now be read or checked. Everything below reflects what WIKILIX recorded while the site was still publishing.
Prodigy Markets Regulation and License
Prodigy Trading Ltd is recorded as holding one licence: a Retail Forex License numbered GB23101133, issued by the Financial Services Commission of Mauritius and effective from June 2022. The licence is shown as active on the regulator's online public register.
Mauritius is a low tier offshore jurisdiction. The regulator operates no investor compensation scheme for retail forex, so client money carries none of the statutory backstop a tier one licence would bring, and the protections attached to this licence are materially weaker than those of an onshore regime. WIKILIX made no fresh assessment of this licence in the course of this review.
Is Prodigy Markets Regulated?
Prodigy Markets is regulated offshore only. Its sole licence comes from the Mauritius Financial Services Commission, and no other licence is recorded against it, in particular none from a major onshore regulator. For a client that means any complaint or client money dispute falls to a low tier offshore authority with no compensation scheme behind it.
Prodigy Trading Ltd
Prodigy Trading Ltd is the legal company behind the Prodigy Markets brand. Its incorporation in Mauritius has been confirmed on the Financial Services Commission's public register. The company gives its registration number as 188449 and a registered address at C/o JurisTax Ltd, Level 3, Ebene House, 33 Cybercity, Ebene 72201, Mauritius, which is a care of address at a corporate services provider rather than a trading office of its own.
A confirmed company registration shows only that the company exists. It is not financial regulation, and it does not by itself authorise the company to take client money for trading.
Is Prodigy Markets Safe?
Prodigy Markets cannot be assessed as safe to deal with at present, because its website is serving no content and none of its terms, disclosures or funding conditions can be read. That is a practical problem before it is a regulatory one: a prospective client cannot see the contract they would trade under, cannot reach the broker's own complaints route, and has no published statement of how client money is held.
The regulatory picture adds little reassurance, with one offshore low tier licence, no compensation scheme, and a care of registered address. None of that establishes wrongdoing and WIKILIX records no finding of it here, but anyone opening an account would be taking on an unusual amount of risk that cannot be checked.
Prodigy Markets Trading Platforms
MetaTrader 5 is the only platform recorded for Prodigy Markets, offered as a desktop terminal, a web trader and a mobile app. No MetaTrader 4 or cTrader offering is on record, and the broker publishes no download link of its own at present.
Prodigy Markets Spreads, Commissions and Fees
The only trading cost on record is a commission of 10 USD on the Pro account. No spread figures have been confirmed and no account tiers are recorded, so the running cost of trading here cannot be stated.
Prodigy Markets Deposits and Withdrawals
Prodigy accepts deposits and withdrawals by credit and debit card, bank transfer, e-wallet and cryptocurrency. Each method carries a minimum deposit of 100 USD and a recorded withdrawal fee of up to 30 USD. Deposits are recorded as clearing within about one business day and withdrawals within one to three business days, and KYC and AML checks must be completed before any funding or withdrawal.
These terms date from when the site was still publishing and cannot currently be checked against it. The withdrawal fee in particular should be treated as unconfirmed.
Prodigy Markets Support
Prodigy lists support@prodigymarkets.net for client support, a telephone number on +971 42 564 300 and a WhatsApp number on +44 7950 220832, with live chat during business hours. English is the only support language on record, and the contact address given is Level 3 Ebene House, Hotel Avenue, 33 Cybercity, Port Louis 72201, Mauritius. The company also maintains accounts on Facebook, X, Instagram, LinkedIn and TikTok.
One point of note: the telephone number is a United Arab Emirates line and the WhatsApp number a United Kingdom one, while the company and its registered address are Mauritian.
Prodigy Markets Pros and Cons
Pros
- MetaTrader 5 across desktop, web and mobile.
- Several funding routes, including cards, bank transfer, e-wallets and cryptocurrency.
- A company registration confirmed on an official register, and a licence that appears on its regulator's public register.
Cons
- The website is serving no content at all, so nothing can currently be verified.
- Offshore, low tier regulation with no investor compensation scheme.
- No confirmed spreads, no confirmed maximum leverage and no recorded account tiers.
- A withdrawal fee of up to 30 USD on every funding method.
- Contact numbers in the UAE and the UK against a Mauritian registered address that is a care of service address.
Prodigy Markets Review and Assessment
Prodigy Markets is a young offshore brand whose public face has gone quiet. The proposition on record is a conventional MetaTrader 5 forex and CFD offering with a 100 USD funding minimum, but the website that would evidence it is serving nothing, and core conditions such as maximum leverage, spreads and the account range were never confirmed.
The single most important consideration before funding an account here is that there is currently nothing to read: money would be going to an offshore company with no compensation scheme, on terms that cannot be inspected, under a brand with no working website. Existing clients have only the direct contact channels above while the site stays down.
Regulation check
Regulatory Licenses
We have not confirmed any regulation for Prodigy. Money deposited with an unregulated broker is protected only by the company itself.
No regulation
Trading with an unregulated broker puts your deposit at risk.
No regulation
We have not confirmed any regulation for Prodigy. An unregulated broker is not supervised by a financial authority, and money you deposit is protected only by the company itself.
What this means for you
- No compensation scheme covers your funds.
- No regulator to escalate a complaint to.
- No audit of how client money is held.
Deposits & withdrawals
Funding Methods
4 ways to fund an account.
4 methods
| Method | Deposit fee | Withdrawal fee | Min deposit | Withdrawal min / max | Processing |
|---|---|---|---|---|---|
| Credit/Debit CardsCredit Card1 | Not recorded | USD 30 | USD 100 | Not recordedNot recorded | Up to 24 hours |
| Bank TransfersBank Transfer1 | Not recorded | USD 30 | USD 100 | Not recordedNot recorded | Up to 1 day |
| E-walletsE-Wallet1 | Not recorded | USD 30 | USD 100 | Not recordedNot recorded | Up to 24 hours |
| CryptocurrenciesCryptocurrency1 | Not recorded | USD 30 | USD 100 | Not recordedNot recorded | Not recorded |
Broker's notes on these methods
- Withdrawal fees up to $30 reported by users, though broker states no fees; fees may depend on payment provider or third-party processors. · applies to 4 methods
Trading software
Trading Platforms
One trading platform on record: MetaTrader 5.
1 platform
Websites
Global Domains
3 domains on record. 2 active.
3 domains
Company registry check
Company Registration
The operating company is Prodigy Trading Ltd. Registered in Mauritius. Registration number C188449.
Verified on registry
- Legal entity
- Prodigy Trading Ltd
- Registration number
- C188449
- Jurisdiction
- Mauritius
- Incorporated
- Jun 14, 2022
- Registry
- Corporate and Business Registration Department (CBRD), Mauritius
- Registered address
- C/o JurisTax Ltd, Level 3, Ebene House, 33 Cybercity, Ebene 72201, Mauritius
Peer comparison
Brokers worth comparing
2 other brokers on the record share what Prodigy offers — its country, regulator, account types or platforms — set beside it on the same measures.
2 peers
Prodigy
This recordMauritius · since 2023· Prodigy Trading LTDWikilix score 50.0RegulationNo RegulationMax leverageNot recordedPlatforms1LicencesNot recordedEC Markets
Mauritius · since 2014· EC Markets LimitedWikilix score 50.0RegulationRegulatedFCAMax leverage1:1000Platforms3Licences6GGCC
Saint Lucia · since 2023· Global Gold and Currency Corporation LimitedWikilix score 50.0RegulationRegulatedBaFinMax leverage1:500Platforms2Licences1
Frequently Asked Questions
Frequently Asked Questions
Common questions about Prodigy
Most Popular Questions
Prodigy lists support@prodigymarkets.net for client support, a telephone number on +971 42 564 300 and a WhatsApp number on +44 7950 220832, with live chat during business hours in English. Its contact address on record is Level 3 Ebene House, Hotel Avenue, 33 Cybercity, Port Louis 72201, Mauritius. These details cannot currently be re-checked against the broker's own contact page, which is not being served.
Each of Prodigy's recorded funding methods carries a minimum deposit of 100 USD, covering card, bank transfer, e-wallet and cryptocurrency payments. No separate account level minimum is on record. The figure cannot currently be checked against the broker's own funding pages, which are not being served.
Prodigy Markets is the trading brand of Prodigy Trading Ltd, a Mauritius company whose incorporation has been confirmed on the Mauritius Financial Services Commission public register. The company gives its registration number as 188449 and a registered address at C/o JurisTax Ltd, Level 3, Ebene House, 33 Cybercity, Ebene 72201, Mauritius, which is a care of address at a corporate services provider. A company registration shows only that the company exists; it is not financial regulation and does not by itself authorise the company to take client money for trading.
No. The home page and every other address on prodigymarkets.net currently return an error page rather than content, and the site publishes no pages at all. The domain still resolves and still carries the broker's own site, so this is Prodigy's own website serving nothing rather than a domain that has passed to someone else. While it stays down, nothing the broker previously advertised about its accounts, costs or terms can be read or checked.
The maximum leverage and account tiers of Prodigy Trading LTD are not known. The only account level cost recorded is a commission of 10 USD on the Pro account. Because the broker's website is serving no content, its account range and leverage limits cannot be confirmed.
Yes, KYC and AML verification are mandatory before funding or withdrawing funds with Prodigy Trading LTD. This is required for all supported payment methods to comply with regulatory standards.
Prodigy supports deposits and withdrawals by credit and debit card, bank transfer, e-wallet and cryptocurrency. Deposits are recorded as clearing within about one business day and withdrawals within one to three business days, with a minimum deposit of 100 USD and a withdrawal fee of up to 30 USD on each method. KYC and AML checks must be completed before any funding or withdrawal. None of these terms can currently be checked against the broker's own site, which is serving no content.
MetaTrader 5 is the only trading platform recorded for Prodigy Trading LTD, available as a desktop terminal, a web trader and a mobile app. No MetaTrader 4 or cTrader offering is on record. The broker publishes no download link of its own at present, because its website is serving no content.
Prodigy Trading LTD is recorded as holding one licence, a Retail Forex License from the Financial Services Commission of Mauritius numbered GB23101133, shown as active on that regulator's public register. Mauritius is a low tier offshore regime: there is no investor compensation scheme for retail forex and client money protection is weaker than under a tier one regulator. On safety, the most important current fact is that the broker's own website is serving no content, so none of its terms, disclosures or funding conditions can be read by a prospective client.
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