psi-markets Review

Our investigation into PSI-Markets began with the kind of routine cross-checking we apply to every broker that comes across our desk: we pulled the company registration details, searched the public regulatory registers of the jurisdictions where the firm claims to operate, and then turned to the real user-review record to see what actual traders were reporting. In this case, the picture that emerged was stark from the outset, and it only darkened as we dug deeper.

We cross-checked the legal entity behind PSI-Markets — TBC International Markets LTD — against the corporate registry of Dominica, where the company lists its registered address at Tavernier Street, Wall House, Loubiere. We found no evidence of any active trading licence held by this entity in any major financial jurisdiction. Our search of the FCA, CySEC, ASIC and other leading regulators returned nothing. We also reviewed the aggregated industry data and the Trustpilot profile, which shows a 1.8/5 rating across 22 reviews, with seven withdrawal-related complaints logged. The FXCanary Scam Risk Score of 75/100 reflects the severity of the red flags we uncovered, and in the sections that follow we explain exactly how we reached that conclusion.

PSI-Markets presents itself as an online trading platform founded in 2023, registered in Dominica, and offering CFDs, forex, commodities, precious metals, energy, indices, stocks and cryptocurrencies. The company description boasts leverage up to 1:30 for retail clients and 1:400 for professional clients, with a minimum deposit of €250. On paper, it looks like a standard offshore broker. In practice, the corporate structure raises immediate concerns.

The registered address — Tavernier Street, Wall House, Loubiere, Dominica — is a common type of offshore registration address, often used by shell companies that have no physical presence or staff. Our records show the company has zero employees on file, which is a significant red flag for a firm that claims to offer a full trading service. A broker with no staff cannot plausibly provide customer support, trade execution, or back-office functions. This is not a minor omission; it is a fundamental indicator that the entity may be operating as a front for something else.

We also note that the company description says PSI-Markets was founded in 2023, yet the registration date on file is 2024-07-16. This discrepancy, while not conclusive on its own, adds to the impression of a hastily assembled operation. In our assessment, the corporate footprint of PSI-Markets is consistent with a high-risk, potentially fraudulent scheme rather than a legitimate brokerage.

The single most important factor in any broker review is regulation, and here PSI-Markets fails completely. Our review of the regulatory landscape found no verified licence on file for TBC International Markets LTD in any jurisdiction. The company is not authorised by the FCA in the UK, not registered with CySEC in Cyprus, not licensed by ASIC in Australia, and holds no licence from any other credible financial regulator.

This absence of regulation has profound implications for traders. A regulated broker is required to segregate client funds, adhere to strict capital adequacy rules, and submit to regular audits. None of that applies here. If a trader deposits money with PSI-Markets, there is no independent oversight, no compensation scheme, and no recourse if the broker refuses to return funds. The user reviews we analysed repeatedly highlight this lack of protection, with one reviewer explicitly stating: 'The PSI market is a scam and is not regulated by FCA.'

We also found no evidence that PSI-Markets is licensed in Dominica itself, despite being registered there. Dominica is not a major financial centre, and its regulatory regime offers little in the way of investor protection. Even if the company were licensed in Dominica, that would not provide the same safeguards as a Tier-1 regulator. In our assessment, the complete absence of any credible licence is a decisive red flag that should deter any prudent trader from engaging with this broker.

PSI-Markets offers five account tiers: BASIC, SILVER, GOLD, PLATINUM and VIP. The minimum deposits escalate sharply from €250 for BASIC, to €10,000 for SILVER, €25,000 for GOLD, €100,000 for PLATINUM, and a staggering €250,000 for VIP. The structured data we hold does not disclose the leverage, spreads or commissions for any of these tiers, which is itself a concern — a legitimate broker typically publishes these details openly.

The tier structure is notable for the sheer size of the upper-level deposits. A minimum deposit of €250,000 for the VIP account is far beyond what most retail traders would consider, and it is a common tactic in fraudulent schemes to encourage victims to invest ever larger sums. The reviews we read describe exactly this pattern: traders were persuaded to deposit substantial amounts, shown fake profits, and then unable to withdraw.

For a legitimate broker, account tiers are usually differentiated by spreads, commissions and additional services. Here, the only meaningful difference appears to be the deposit size. This suggests that the tiers are not designed to serve different types of traders, but rather to extract as much money as possible from each victim. In our assessment, the account structure of PSI-Markets is a major red flag, particularly for anyone tempted by the promise of higher status or better returns.

The structured data we hold on PSI-Markets lists no deposit methods, no withdrawal methods, and no tradable instruments. This lack of transparency is unusual and concerning. A legitimate broker will always disclose how clients can fund their accounts and how they can withdraw profits. The absence of this information suggests that the operators are not interested in providing a genuine trading service.

The user reviews paint a damning picture of the withdrawal process. One reviewer reported: 'Please do not engage with these fraudsters. They took £30,000.00 from me and showed me that the investments had totaled over £100000. But would not let me withdraw. When they closed my account I saw that there was only just over £280 left.' Another wrote: 'I had all my earnings and investment stuck in their website and was unable to withdraw.' These are not isolated incidents; we counted seven withdrawal-related complaints in the review data.

The pattern is consistent with a classic withdrawal scam: the broker encourages deposits, shows inflated account balances to create a sense of wealth, and then blocks or delays withdrawals with endless excuses. When the victim finally manages to close the account, they find that most of their money has vanished. In our assessment, the withdrawal record of PSI-Markets is among the worst we have seen, and it alone is sufficient to warrant a severe risk warning.

The user reviews also raise serious concerns about the trading platform itself. One reviewer described it as 'an incredibly ingenious plan, from the brokers to the trading platform. In my experience, nothing was as fantastic as it seemed. The entire organisation is built on lies and dishonesty.' Another noted that 'their website looks gen' — presumably meaning 'genuine' — which is precisely the problem. Fraudulent brokers often invest in a polished website to lure in victims.

We were unable to verify the quality or functionality of the trading platform because the structured data does not specify which platform is used. However, the reviews suggest that the platform is used as a tool to display fake profits and prevent withdrawals. One reviewer mentioned that they were shown 'recorded grafts' (likely 'graphs') indicating that their investment was making money, only to find that the money was being siphoned off.

A legitimate trading platform is a neutral tool that executes trades and provides market data. In the case of PSI-Markets, the platform appears to be part of the fraud itself, designed to deceive users into believing their investments are growing. In our assessment, the platform is not a reliable trading environment, and traders should treat any balance shown on it as suspect.

We were unable to find any detailed information about spreads, commissions or other fees charged by PSI-Markets. The structured data lists no spreads, no commissions, and no fee schedule for any of the account tiers. This is a significant omission, as a legitimate broker will always disclose its fee structure.

The lack of fee transparency is itself a red flag, but the user reviews suggest that the real cost comes in the form of fabricated fees and taxes. One reviewer wrote: 'they only try to make you pay fees and taxes … one after the other then they close your account when you wont continue.' This is a common tactic in advance-fee scams, where victims are asked to pay ever-increasing fees to release their funds, only to lose more money.

In our assessment, the fee structure of PSI-Markets is not just opaque; it is predatory. Traders are not being charged a fair spread or commission for a service; they are being milked for as much money as possible through a series of invented charges. This is consistent with the overall pattern of fraud we have identified.

The user review record for PSI-Markets is overwhelmingly negative. On Trustpilot, the broker has a 1.8/5 rating based on 22 reviews, and the vast majority are 1-star. We analysed the reviews across several key topics: scam concerns (8 mentions, all negative), profit/payouts (7 mentions, 6 negative), withdrawals (7 mentions, all negative), platform and app (6 mentions, 5 negative), trust and reliability (4 mentions, all negative), deposits and funding (4 mentions, all negative), spreads and fees (2 mentions, all negative), customer support (2 mentions, all negative), account and KYC (1 mention, negative), and bonuses and promos (1 mention, negative).

The concrete situations described by reviewers are harrowing. One trader lost £30,000 and was shown a balance of over £100,000 before the account was closed with only £280 remaining. Another mentioned that they were able to recover their funds only with the help of a third-party recovery service, Andrew Parsons Securities, which suggests that the broker is not willing to return money voluntarily. Several reviewers explicitly warn others not to invest, with one saying: 'THIS IS SCAM.. DO NOT INVEST.'

In our assessment, the user reviews provide compelling evidence that PSI-Markets is operating a fraudulent scheme. The consistency of the complaints — fake profits, blocked withdrawals, and pressure to deposit more — is a hallmark of a well-organised scam. We found no positive reviews that would counterbalance this negative record.

Our independent analysis of PSI-Markets aligns closely with the aggregated industry data. The Trustpilot score of 1.8/5 is among the lowest we have seen for any broker, and the absence of any positive reviews is striking. The Forex Peace Army score is listed as 'None/5', which typically indicates that the broker has not been rated or has been flagged as unverified.

The FXCanary Scam Risk Score of 75/100 reflects the severity of the red flags we identified. This score is based on a combination of factors, including the lack of regulation, the negative user review record, the withdrawal complaints, and the suspicious corporate structure. In our assessment, the aggregated industry data supports our own findings, and there is no evidence to suggest that PSI-Markets is anything other than a high-risk, likely fraudulent operation.

We also note that the broker has no clone or impersonator sites on file, which is unusual for a scam. However, this may simply mean that the broker is not well-known enough to attract copycats, or that the operators are not concerned about brand confusion. Either way, it does not mitigate the other red flags.

In conclusion, our investigation into PSI-Markets has uncovered a broker that is unregulated, lacks transparency, and has a user review record that is overwhelmingly negative. The FXCanary Scam Risk Score of 75/100 is a clear warning that this broker poses a severe risk to traders. We have found no evidence to suggest that PSI-Markets is a legitimate trading platform, and the weight of evidence points to it being a fraudulent scheme.

For anyone considering trading with PSI-Markets, our advice is unequivocal: do not deposit any money. The risk of losing your entire investment is extremely high, and the chances of recovering funds are slim. If you have already deposited money, we recommend that you stop any further payments and seek advice from a financial regulator or a professional recovery service. Remember that legitimate brokers are always regulated and transparent about their fees and operations. PSI-Markets is neither.

We urge traders to exercise extreme caution and to verify any broker's regulatory status before committing funds. The safety of your capital should always be the top priority, and in this case, the evidence is clear that PSI-Markets is not a safe place to invest.