Is psi-markets a Scam?

Our safety assessments are built on a structured framework that weighs regulatory oversight, user-reported withdrawal outcomes, and the operational transparency of the broker. We cross-check licensing claims against public registers, analyse aggregated industry data, and read through the full corpus of user reviews to separate isolated incidents from systemic patterns. For PSI-Markets, the picture that emerges is deeply concerning.

The broker holds no verified licence from any financial regulator, and our checks found zero licences on file. This alone places it in the highest-risk category, as regulated brokers are subject to conduct rules, capital requirements, and client-money protections that unregulated entities can simply ignore. The absence of oversight is compounded by a Trustpilot score of 1.8/5 from 22 reviews, with every single review we analysed expressing negative sentiment. Our Scam Risk Score of 75/100 reflects this combination of regulatory vacuum and consistent user complaints.

PSI-Markets is registered in Dominica, an offshore jurisdiction with minimal financial oversight. The company's legal name is TBC International Markets LTD, and its registered address is Tavernier Street, Wall House, Loubiere, Dominica. We found no evidence that this entity holds a licence from any recognised regulator, including the UK's FCA, CySEC, or any other tier-one authority. The company description claims it was founded in 2023 and offers leverage up to 1:30 for retail clients and 1:400 for professional clients, but such claims are not backed by any regulatory filing we could verify.

For traders, the absence of regulation means there is no client-fund segregation requirement, no compensation scheme, and no negative-balance protection. In a regulated environment, client funds are typically held in segregated accounts and protected by schemes like the FSCS in the UK or the ICF in Cyprus. Here, none of these safeguards apply. If the broker fails or disappears, clients have no recourse to a compensation fund, and any dispute would have to be pursued through Dominica's legal system, which offers little practical protection for international retail traders.

Our investigation found no clone or impersonator sites associated with PSI-Markets, which is unusual for a broker with such a poor reputation. Typically, scam brokers spawn lookalike domains to continue defrauding victims after their original site is exposed. The absence of clones may indicate that the operation is still active under its primary domain, or that it has not yet attracted the attention of domain-takedown services.

However, the lack of clones does not mitigate the risk. Several user reviews mention that PSI-Markets onboarded clients through Coursado, a company that delivers trading training services. One reviewer stated that Coursado explicitly denied any relationship with PSI-Markets, suggesting the broker may be using third-party training platforms to lure victims. This tactic is a common red flag, as it creates a veneer of legitimacy while distancing the actual broker from the initial contact.

The most damning evidence against PSI-Markets comes from the withdrawal complaints. Seven out of seven mentions on this topic were negative, with users describing funds being stuck, accounts closed without warning, and balances evaporating. One reviewer reported depositing £30,000 and being shown an investment balance of over £100,000, but when they attempted to withdraw, the broker refused. When the account was eventually closed, only £280 remained. Another user described how all earnings and investment were stuck on the website, and they had to involve a third-party investigation service to recover anything.

These accounts are consistent with a classic 'phantom profits' scam, where the platform displays inflated balances to encourage further deposits, but blocks withdrawals with fabricated excuses. The pattern is reinforced by reviews mentioning that the broker demanded 'fees and taxes' before releasing funds, a common tactic to extract more money from victims. In our assessment, the withdrawal evidence alone is sufficient to label this broker as high-risk.

The red flags for PSI-Markets are overwhelming. The broker has no regulatory licence, a 1.8/5 Trustpilot score, and a 100% negative review sentiment across all topics. Users describe the platform as 'fake', the organisation as 'built on lies', and the entire operation as a 'scam'. The minimum deposit requirements are unusually high, with the BASIC account starting at €250 and the VIP tier at €250,000, which is designed to extract maximum funds from victims. The lack of disclosed spreads, commissions, and leverage details further obscures the true cost of trading.

There are no green flags to speak of. The only positive mentions in the reviews refer to third-party recovery services like 'Andrew Parsons Securities' and 'cryptocrimeinvestigation', which are not affiliated with the broker. These mentions suggest that some users were able to recover funds through external intervention, but this is not a reason to trust the broker. In fact, it underscores the fact that the broker itself is unwilling to return funds voluntarily.

If you have already deposited funds with PSI-Markets, the first step is to stop all further payments. Do not pay any 'fees' or 'taxes' demanded by the broker, as these are almost certainly additional scams. Document all communications, transaction records, and screenshots of your account balance. Contact your bank or payment provider immediately to see if a chargeback is possible, and report the broker to your local financial regulator and to Action Fraud if you are in the UK.

For traders considering PSI-Markets, our advice is unequivocal: do not engage. The broker's lack of regulation and the consistent pattern of withdrawal failures make it a severe risk. If you are looking for a broker, choose one that is licensed by a reputable authority such as the FCA, CySEC, or ASIC, and verify the licence on the regulator's official register. Always read independent reviews and check for any history of complaints before depositing a single cent.