psi-markets

PSI-Markets is an online trading platform that was founded in 2023 and is registered in Dominica. The company operates under the legal name TBC International Markets LTD and lists its registered address as Tavernier Street, Wall House, Loubiere, Dominica. It presents itself as a provider of multi-asset trading services, offering access to CFDs, Forex, Commodities, Precious Metals, Energy, Indices, Stocks, and Cryptocurrencies.

The broker targets both retail and professional traders, with leverage offerings of up to 1:30 for retail clients and up to 1:400 for professional clients. The minimum deposit required to open an account is €250, which is relatively low compared to some industry standards, making it accessible to a broad range of traders.

As of the latest data, PSI-Markets does not hold any verified regulatory licenses. The company is not listed on any major financial regulatory authority's register, and our records show no license on file. This means that traders considering PSI-Markets should be aware that they are not protected by any regulatory compensation scheme, and the broker is not subject to oversight by bodies such as the FCA, CySEC, or ASIC.

The lack of regulation is a significant factor for traders to consider, as it increases the risk associated with depositing funds. Without regulatory oversight, there is no independent body to mediate disputes or ensure that the broker adheres to fair trading practices.

PSI-Markets offers five distinct account tiers, each designed to cater to different levels of investment and trading experience. The BASIC account requires a minimum deposit of €250, making it suitable for beginners or those looking to test the platform with a smaller capital outlay. The SILVER account requires €10,000, the GOLD account €25,000, the PLATINUM account €100,000, and the VIP account €250,000.

Each tier is intended to provide progressively higher levels of service, though specific details on spreads, commissions, and leverage for each account type are not disclosed in the available information. Traders are advised to contact the broker directly for full specifications.

The broker claims to offer a wide range of trading instruments, including Contracts for Difference (CFDs) on Forex, Commodities, Precious Metals, Energy, Indices, Stocks, and Cryptocurrencies. This variety allows traders to diversify their portfolios and take advantage of opportunities across different asset classes.

However, the specific platforms on which these instruments are traded are not detailed in the provided data. Traders interested in PSI-Markets should inquire about the trading platform, execution methods, and any associated fees before committing funds.

Information regarding deposit and withdrawal methods is not disclosed in the available data. Typically, brokers offer a range of options such as bank transfers, credit/debit cards, and e-wallets, but PSI-Markets has not provided these details.

Given the lack of transparency on funding methods, traders should exercise caution and seek clarification from the broker before making any financial commitments. The absence of clear withdrawal procedures is a red flag that warrants further investigation.

Public reviews of PSI-Markets are predominantly negative, with a Trustpilot score of 1.8 out of 5 based on 22 reviews. Many reviewers report difficulties with withdrawals, describing situations where funds were stuck on the platform and inaccessible. Some claim that the broker displayed inflated account balances that disappeared when they attempted to withdraw.

Several reviewers have labelled the broker a scam, with one reporting a loss of £30,000 and another noting that a third-party securities firm had to intervene to recover deposits. These reviews highlight significant concerns regarding the reliability and trustworthiness of the platform.

PSI-Markets is a newly established broker with a presence in Dominica, offering a range of trading instruments and account tiers. However, the lack of regulatory oversight and the overwhelmingly negative customer feedback raise serious questions about its legitimacy.

Traders are strongly advised to conduct thorough due diligence and consider alternative, regulated brokers. The absence of verified licenses and the pattern of withdrawal complaints suggest that PSI-Markets may not be a safe choice for retail investors.