Read about the PROMETHEUS LTD scam in this PROMETHEUS LTD review.
Introduction to PROMETHEUS LTD Review:
We agree that the financial market is a great source to earn an extra income on the side. With apt information about the trading world and how trading works, you can also earn lots of profits by investing your money. However, considering the huge spotlight the financial market has been under for quite some time, the scammers in the market too are huge. These scam brokers use a variety of ways to lure people into their traps. By making their own fake brokerage firm or by creating a duplicate of a regulated brokerage firm, these scammers go to all extents to get their work done.
PROMETHEUS LTD hides all the details about the company like its address, contact number and email, regulated license, leverages and trading software, etc. All these points make this broker suspicious and indicate that PROMETHEUS LTD might be a scam broker or involved in scam activities. Read our complete PROMETHEUS LTD review to know more about this broker.
After receiving a lot of complaints against PROMETHEUS LTD, we decided to investigate. Upon the investigation, we found so many red flags against PROMETHEUS LTD that will be discussed below. If you are here with the intention of knowing whether PROMETHEUS LTD is a scam or not, read till the end and find the answer for yourself.
Name: PROMETHEUS LTD
Leverage: Not Disclosed
Minimum Deposit: Not Disclosed
Demo Account: Not Available
About PROMETHEUS LTD:
In this PROMETHEUS LTD review, you will get to know about the warning signs of PROMETHEUS LTD scams, and how to save yourself from scammers.
Is PROMETHEUS LTD regulated by any of the regulations?
Without a license from the regulatory authority of the needed jurisdiction, a brokerage firm is not allowed to function in the financial market. This rule was imposed by the regulations in order to keep the financial market free of scammers. However, the scammers found a loophole in this too and now are present in the market under fake licenses or simply none at all. In our case, PROMETHEUS LTD does not reveal anything about their regulation on the website. A little investigation revealed that PROMETHEUS LTD is actually UNREGULATED. This is the first red flag found in this PROMETHEUS LTD review. We advise our readers not to trade with unregulated brokerage firms.
Does PROMETHEUS LTD offer a demo account?
A Demo Account is very essential for any brokerage firm to provide. Such Demo accounts will offer a free trading experience for those who are new to the financial market or anyone who wants to try out trading. The absence of demo accounts will lead to the customers having no experience in working with the firms and therefore can end up losing a lot of money. In our case, PROMETHEUS LTD does not offer a demo account thereby revealing another red flag in this PROMETHEUS LTD review.
What is the minimum deposit demanded by PROMETHEUS LTD?
To our surprise, PROMETHEUS LTD does not even reveal the minimum initial deposit demanded from the customers. Parameters such as the minimum initial deposit are crucial and hiding such information from the public means that PROMETHEUS LTD is up to something suspicious.
Conclusion: Is PROMETHEUS LTD a scam?
To sum up, all that has been stated above, we leave it upon you to decide whether PROMETHEUS LTD is a scam or not. We advise our readers not to trade with this potential scam broker.
Read about the latest scam broker- PrimeXBT
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