Prometheus Markets Ltd

Prometheus Markets Ltd is a forex and CFD broker based in Seychelles, operating the website prometheus-markets.com. The company is registered in Seychelles and holds a Securities Dealer license from the Seychelles Financial Services Authority (FSA) under license. The exact founding year is not publicly disclosed, but the broker has been active in the online trading space.

The broker positions itself as a performance-oriented provider, offering tight spreads and fast execution to retail and professional traders. It emphasizes raw institutional-grade pricing and direct market access. The company’s registered address is Office 3, Unit 211, 1st Floor, IMAD Complex, Ile Du Port, Mahe, Seychelles.

Prometheus Markets is regulated by the Seychelles Financial Services Authority (FSA) as a Securities Dealer. While the FSA is a recognized regulatory body, it is considered an offshore regulator with less stringent requirements compared to top-tier regulators like the FCA or CySEC. The license is verifiable on the FSA’s public register.

Traders should be aware that Seychelles regulation does not offer the same level of investor protection as major jurisdictions. There is no deposit protection scheme, and dispute resolution may be more limited. The broker’s Scam Risk Score on FXCanary is 40/100, rated as ‘Guarded,’ indicating caution is advised.

The broker offers a single ECN account type designed for both retail and professional traders. The account provides direct access to liquidity providers via an electronic communication network, with raw variable spreads and separate commission charges. The minimum deposit is $100, €100, or £100, making it accessible to a range of traders.

Leverage is offered up to 1:500, which is high and typical of offshore brokers. This allows traders to amplify positions but also increases risk. The account supports all available instruments and can be used on both MT4 and MT5 platforms.

Prometheus Markets supports the industry-standard MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. These platforms offer advanced charting, multiple order types, and automated trading through Expert Advisors. The broker provides the platforms for desktop, web, and mobile devices.

The instrument list is comprehensive: forex (major, minor, and exotic pairs), index CFDs (including US, European, and Asian benchmarks), commodity CFDs (gold, oil, etc.), share CFDs, and cryptocurrency CFDs. All instruments are traded as contracts for difference (CFDs), meaning traders speculate on price movements without owning the underlying asset.

Funding an account can be done via bank transfer, credit/debit cards, and likely other methods advertised on the site. Deposits are free and processed instantly. The minimum withdrawal amount is $300, which is relatively high compared to some brokers, and withdrawals are processed the same day if requested before 12:00 GMT on business days.

Bank transfer withdrawals typically take 1–3 business days, while card withdrawals may take 2–5 business days. The broker notes that exceptional circumstances could cause delays. The high minimum withdrawal may be a consideration for smaller traders.

Prometheus Markets appears suitable for traders who are comfortable with offshore regulation and seek low trading costs, high leverage, and access to popular platforms like MT4/MT5. The ECN account appeals to those who value direct market access and transparent pricing.

However, the broker may not be ideal for traders who prioritize strong regulatory protection, low minimum withdrawals, or local support. The absence of top-tier regulation and the relatively high minimum withdrawal should be weighed carefully. As always, traders should conduct their own due diligence before opening an account.