Prince Markets uses fake information to attract more customers. The scheme claims it offers inventors low commissions and tight spreads. They also have 100% bonus opportunities. Take your time accepting such lucrative opportunities.
Typical brokers know the money legally belongs to them. Therefore, they inflict absurd conditions which must be met. Failure to accomplish these terms means your money is trapped in their system.
Prince Markets presents multiple awards it has won since making its first digital footprint. The recognition backs from 2015 to 2023. This is impossible and fake information since the entity has only been in the market for one year. They don’t mention existing using a different name.
Prince Markets is a rogue platform that does not provide past trading performance. Without audited trading results it's not possible for investors to determine if a company is worth their time and resources. Additionally, they cannot prove investment is taking place.
Rookie traders can make the most out of their experience by copying the trading strategies of others. Ironically, the broker claims to be transparent. However, the identity and qualifications of the team remain unknown.
You might end up entrusting your funds to unqualified investors. Sadly, you cannot sue anonymous individuals. Deal only with genuine and reliable crypto companies. You will earn passive income without panicking about fund and data safety.
Prince Markets claims they have over 600 tradable assets. They have a cBot which they urge investors to use. Customers get to enjoy trading at high speed and with accuracy. Moreover, they can also customize their EAs and indicators.
Unfortunately, you cannot trade automatically when a broker is using a web trader. It is evident the scheme will say anything to gain clients' trust. Most offshore schemes prefer the interface as it is prone to manipulation.
Prince Markets advertise a spread of 0.3 pips. The leverage can go as high as 1:500. The cap is prohibited in several jurisdictions. In the EU and Australia, brokers can only offer 1:30 on major currency pairs and 1:20 on other pairs. In the US investors can enjoy 1:50 leverage.
The company states it doesn’t have a minimum capital deposit. Traders can trade forex, indices, shares, metals, EFTs, and cryptocurrencies. The company promises users a fast withdrawal and deposit process.
Unfortunately, we are unaware of the acceptable payment methods. Prince Markets claims it has several payment options. However, you must verify your account before making a deposit. They require users to submit proof of identity by sharing pictures of their ID. never share such critical information with anonymous and shady firms.
Prince Markets uses fake regulatory information. Their terms and conditions indicate the broker observes Seychelles and Cyprus rules. They even claim to be one of the most reputable companies in the Netherlands.
The responsible financial body for the Seychelles Financial Service Authority (SFA), Cyprus Securities and Exchange Commission (CySEC), and Netherlands Authority for the Financial Market (AFM) has not licensed Princemarkets.com. Luckily, the Seychelles agency has issued a warning to the platform for operating illegally.
Prince Markets has some writing on the About Us page that gives them away as an illegitimate entity. The firm states it is operating from St Vincent and the Grenadines. The local financial body of the offshore area clearly outlines it does not license online ventures. Therefore, trading with such a broker only poses more risks to clients.
There is no evidence Prince Markets is trading multiple assets. The exposed Ponzi scheme targets novice investors. Refrain from dealing with anonymous schemes and choose reputable and reliable Crypto companies in the market.
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