Risk scorecard
Each area is scored 0 (clean) to 10 (worst). Higher means more risk.
Regulation
5/10 · ModerateGenuine but low-tier offshore licence: the FSC Mauritius Investment Dealer licence is confirmed active on the register, but there is no compensation scheme and the site adds a false 'licensed in Saint Lucia' claim.
Identity & transparency
4/10 · ModerateA real, named entity is verified on the FSC register with a corporate-services registered address, but the site discloses little (no address, WhatsApp and a Dubai phone) and is currently offline.
Withdrawals & conduct
2/10 · LowNo fund-integrity complaints found on any platform; there is also no independent confirmation that withdrawals work, given the very thin footprint.
Reputation
5/10 · ModerateVery thin footprint: no Trustpilot page and no substantive forum discussion; third-party aggregators flag it as weakly regulated.
Website claims
6/10 · HighOverstates its standing: markets itself as 'Regulated and Trusted', claims a Saint Lucia 'licence' the Saint Lucia regulator calls false and misleading, and shows generic, unverifiable testimonials.
Operational history
5/10 · ModerateWebsite under three years old (registered October 2023); the company has been licensed since 2022, but the public site is currently offline.
Who they are
A quick desk file on the company behind the brand.
- Brand: Prodigy Markets (Prodigy)
- Legal entity: Prodigy Trading Ltd, a Mauritius company (registration number 188449)
- Registered: C/o JurisTax Ltd, Level 3, Ebene House, 33 Cybercity, Ebene 72201, Mauritius (per the FSC register)
- Website: prodigymarkets.net (currently serving a 'Page Not Found' response)
- Main licence: FSC Mauritius Investment Dealer (Full Service Dealer excluding Underwriting), dated 14 June 2022
- Also claimed: a Saint Lucia 'licence' (2025-00234) and a Mauritius Global Business Licence (GB23101133)
- Offers: Forex, metals, energies, indices and crypto CFDs on MetaTrader 5; leverage up to 1:400
- Contact: email and a WhatsApp chat button, plus a Dubai phone number (+971)
- Not accepted: residents of the USA and of sanctioned countries
- Age claim: no founding year advertised; the website dates to October 2023 and the company has been FSC-licensed since 2022
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
Financial Services Commission (Mauritius)
Saint Lucia (claimed licence 2025-00234)
Why we reached this verdict
How the evidence adds up.
We publish a risk score of 65%. The evidence we gathered points to a lower score of about 45%. The figure is carried up because the public operation is under three years old and its current activity cannot be verified, not because we found proof of theft.
- The good news first. The FSC in Mauritius confirms on its own register that Prodigy Trading Ltd holds an active Investment Dealer licence. The licence (14 June 2022) predates the website, so this is not a cloned or borrowed licence.
- What that licence is worth is the problem. Mauritius is an offshore, low-tier regulator. There is no compensation scheme for retail forex clients, and client-money protection is weak compared with tier-1 countries.
- The site overstates its standing. It says it is 'licensed in Saint Lucia', but the Saint Lucia regulator says forex is not licensed there and that such claims are false and misleading. A 2025 Saint Lucia number is at most a company registration, not a trading licence.
- The public website is offline. The homepage and inner pages return a 'Page Not Found' message, so we cannot confirm the platform, deposits or withdrawals are currently working.
- The footprint is thin. There is no Trustpilot page and no substantive discussion on Reddit or trader forums, so there is no independent record of clients being paid, and none of them being refused.
- No regulator warning names this firm or its website, and we found no credible fund-withdrawal complaints.
Note on operating history: the 3.0-year track record rests on domain registration alone. No company incorporation date could be established, so this is an upper bound rather than a confirmed age.
Evidence ledger
Every finding, with its source and how strongly it points.
E1The FSC Mauritius online public register lists Prodigy Trading Ltd as holding an Investment Dealer (Full Service Dealer excluding Underwriting) licence dated 14 June 2022, management company JurisTax Ltd, registered office at Ebene Cybercity, status 'Company is incorporated'. This is a genuine, forex-capable offshore licence held in the broker's own name.
E2The broker's own footer claims it is 'licensed in Saint Lucia (2025-00234)'. The Saint Lucia FSRA publishes a notice stating that forex business is not licensed in Saint Lucia and that any broker indicating it is registered, licensed or affiliated with the Authority is making a false and misleading statement.
E3The domain prodigymarkets.net was registered on 2023-10-07, last changed 2025-10-08 and expires 2026-10-07 (GoDaddy). The public operation is therefore under three years old, even though the company has been FSC-licensed since 2022.
ModerateVerisign RDAP (.net registry)E4The homepage and inner pages at prodigymarkets.net currently return a branded 'Page Not Found' response rather than broker content, so the live platform, deposits and withdrawals cannot be checked. The most recent working archived homepage is from August 2025.
Moderateprodigymarkets.net (live)E5The archived homepage markets the firm as a 'Regulated and Trusted Broker' and displays generic, unverifiable client testimonials (first name plus single initial) and empty experience and customer counters. This is promotional overstatement rather than disclosure.
E6Prodigy Trading Ltd does not appear on the FSC Mauritius surrendered-licences list, and its Investment Dealer licence is present in the active register, which indicates the licence remains in force.
E7A sweep of regulator warning lists and public review platforms (Trustpilot, Reddit, ForexPeaceArmy) returned no warning, enforcement action or credible fund-withdrawal complaint naming Prodigy Markets or prodigymarkets.net, and no Trustpilot page exists. The absence cuts both ways: no proof of harm, but also no independent record that clients are paid.
ModerateRegulator warning lists and public review platforms
The other side
The strongest case in this broker’s favour.
The case in the broker's favour is real, and we weighed it.
- It is genuinely licensed. The Mauritius Investment Dealer licence is confirmed on the FSC's own register, held by a real company managed by an established Mauritius corporate services firm, JurisTax.
- The licence is not borrowed. It is held in the broker's own name and was issued before the website existed, which rules out the clone and drop-catch patterns.
- Nothing we found shows theft. There are no regulator warnings, no enforcement actions, and no credible withdrawal-fraud reports.
- An offline website is not by itself proof of a scam. It can mean a site move, a lapse or a wind-down. The domain was renewed in late 2025, so the owner still holds it.
What would change this
What we would need to see to revise the verdict.
Here is what would move this score, in either direction.
- Lower risk: the website coming back online with a working platform, plus independent evidence (such as Trustpilot or forum reports) that clients deposit and withdraw normally.
- Lower risk: the broker dropping the misleading 'licensed in Saint Lucia' wording and linking its Mauritius licence straight to the FSC register.
- Higher risk: a regulator warning naming prodigymarkets.net or Prodigy Trading Ltd.
- Higher risk: a pattern of clients reporting blocked withdrawals, frozen accounts, or a demand for an extra payment to release funds.
- Higher risk: the FSC moving this licence to its surrendered or revoked list while the brand keeps taking deposits.
Check it yourself
Official registers and warning lists. Verify every claim first-hand.
FSC Mauritius - Register of Licensees
Search 'Prodigy Trading Ltd' to see the Investment Dealer licence on the regulator's own register.
FSC Mauritius - Surrendered Licences
Check the licence has not been surrendered or withdrawn.
Saint Lucia FSRA - Forex Warning Notice
The regulator's statement that forex is not licensed in Saint Lucia.
Frequently asked questions
Quick answers about this broker’s safety.
Is Prodigy Markets a scam?
We found no proof that Prodigy Markets is a scam. It holds a genuine, if low-tier, offshore licence from the Mauritius FSC, and no regulator warning or fund-theft complaint names it. We still rate it high risk, because its website is offline, its public track record is under three years, and we could not confirm that deposits and withdrawals currently work.
Is Prodigy Markets a fraud?
No regulator has accused Prodigy Trading Ltd of fraud, and we found no enforcement action and no fraud-related court record naming the firm or prodigymarkets.net. That is not a clean bill of health: the broker is only lightly regulated offshore and its site is currently down, so treat it with caution.
Is Prodigy Markets regulated?
Yes, but only offshore. The Financial Services Commission in Mauritius confirms on its own register that Prodigy Trading Ltd holds an Investment Dealer licence dated 14 June 2022. Mauritius is a weak, low-tier regulator with no compensation scheme for retail forex clients.
What is the Mauritius FSC licence worth to me?
Less than a licence from the FCA, ASIC or CySEC. It shows a real company exists and is supervised at a basic level, but there is no investor compensation fund, and recovering money through the regulator if something goes wrong is difficult.
Is Prodigy Markets really 'licensed in Saint Lucia'?
No. The Saint Lucia regulator states plainly that forex business is not licensed in Saint Lucia, and that any broker claiming to be registered or licensed there is making a false and misleading statement. A Saint Lucia number is at most a company registration.
Can I withdraw my money from Prodigy Markets?
We cannot confirm either way. We found no complaints about blocked withdrawals, but we also found no independent reports of successful payouts, and the website is currently offline. If you cannot reach support or your account, treat that as a serious concern.
Is my money safe with Prodigy Markets?
Your money has only weak protection. The Mauritius licence does not come with a compensation scheme, the broker holds client funds offshore, and its site is currently down. Only risk money you can afford to lose.
Who operates Prodigy Markets?
The operator is Prodigy Trading Ltd, a Mauritius company (number 188449) with a registered office at JurisTax Ltd in Ebene Cybercity. The brand also cites a Saint Lucia entity and uses a Dubai phone number for contact.
How old is Prodigy Markets?
The company has been FSC-licensed in Mauritius since 2022, but the prodigymarkets.net website was only registered in October 2023, which makes the public operation under three years old.
Why is the Prodigy Markets website not working?
At the time of writing, the homepage and inner pages at prodigymarkets.net return a 'Page Not Found' message. The domain itself was renewed in late 2025, so the owner still holds it, but the live site is not currently serving its pages.
Is Prodigy Markets a clone of another broker?
No. The Mauritius licence is held in the broker's own name, Prodigy Trading Ltd, and it was issued before the website existed. We found no sign that it is impersonating another regulated firm.
What should I check before depositing with Prodigy Markets?
Search the Mauritius FSC register for Prodigy Trading Ltd and confirm the licence is still active, ignore the Saint Lucia 'licence' wording, check whether the website and support are actually online, and never pay an extra fee or tax to release a withdrawal.
What we recommend
The practical takeaway from everything above.
For readers considering this broker:
- Treat it as a high-risk offshore broker. Only place money you can afford to lose, and start very small if at all.
- Check the Mauritius FSC register yourself for 'Prodigy Trading Ltd' before depositing, and confirm the licence is still active.
- Be aware the website is currently offline, so you may not be able to reach support or your account.
- Ignore the 'licensed in Saint Lucia' wording. It is not a financial licence.
- If you are ever asked to pay a fee, tax or further deposit to release a withdrawal, stop and treat it as a warning sign.
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 October 3, 2026. If any detail here is out of date or incorrect, or you represent this broker, please contact us.
What traders say about Prodigy
Comments on Prodigy are posted on its profile
Nobody has commented on Prodigy yet. If you have traded with them, your experience helps the next reader decide.
Write the first comment