FSA licence SD240

Nothing found this run supports a scam finding. The licence is stated openly and consistently, the legal entity is named with a registration number, the commercial terms are published in unusual detail, and there is no clone signal. The genuine risks are different ones: offshore-only supervision with no compensation scheme, a very short operating history, and an operator whose company registration could not be confirmed on a public record because the Seychelles register is not publicly searchable.

The site states it does not provide services to residents of the United States, Canada, Israel, New Zealand, Iran or North Korea, or of any country where doing so would breach local law. The registration form's country selector is unfiltered, so it will accept a selection the terms exclude; the published restriction is what governs.

The broker states that client funds are held in segregated accounts separate from company operating funds. There is no investor compensation scheme behind a Seychelles Securities Dealer licence, so segregation is a company practice rather than a statutory guarantee, and it is not independently verifiable from the outside.

Requests submitted before 12:00 GMT on a business day are processed the same day; later requests and weekend requests are processed the next business day. Bank transfers then typically arrive within one to three business days, and card refunds within two to five, subject to the issuing bank. WIKILIX has no verified client withdrawal outcomes for this broker yet, so these are the broker's own published timings rather than an observed record.

Deposits are made in the client portal by wire transfer (50 to 1,000,000 USD, GBP or EUR), card (10 to 10,000 USD or EUR) or Google/Apple Pay (10 to 10,000 USD or EUR), all published as free of broker charges. The published withdrawal table lists wire transfer only, with a stated minimum withdrawal of $300. Funds are returned by the original funding method.

MetaTrader 4 and MetaTrader 5, on Windows and macOS desktop, in the browser through the broker's own web terminals, and on iOS and Android. Expert Advisors, scalping, hedging and news trading are all stated as supported.

Spreads are floating and advertised from 0.0 pips, with commission charged separately per side on a standard lot. FX commission is $3.50 below a $1,000 balance, $2.50 from $1,000 to $25,000, $1.80 from $25,000 to $250,000 and $1.50 above that. Index CFDs carry no commission. US share CFDs are 0.1% per side with a $1 minimum per order, and crypto CFDs 0.1% falling to 0.05% at the top tier. Rates are reviewed monthly against traded volume and account equity.

One live account, the ECN Account, in USD, EUR or GBP. A Sharia-compliant Islamic swap-free version can be requested by email, and a demo account is available on both MetaTrader platforms. There is no separate standard or cent account.

Up to 1:500. The published instrument table shows leverage varying by asset class: 1:500 on major FX pairs, 1:100 on index CFDs, 1:25 on oil, 1:20 on Bitcoin and 1:5 on share CFDs.

$100, EUR100 or GBP100 to open a live account. Per-channel minimums are lower: 10 USD or EUR by card or Google/Apple Pay, and 50 USD, GBP or EUR by wire transfer.

The operating entity is Prometheus Markets Ltd, incorporated under the laws of the Republic of Seychelles with company number 8439123-1, according to the footer of its own website. The same company is named as the licensee on the SD240 licence. Ultimate ownership is not disclosed anywhere on the site.

Yes, but offshore. Prometheus Markets Ltd states on its own site that it is authorised and regulated by the Seychelles Financial Services Authority as a Securities Dealer under the Securities Act 2007, licence number SD240. Seychelles is a light-touch jurisdiction: the licence is real supervision, but it is far weaker than an onshore regime and carries no investor compensation scheme.