Prometheus Markets: accounts, costs and legal scope

The linked risk disclosure gives a different liquidation description: discretionary closure around 50% margin level and automatic closure below 20%, without margin-call notification. This does not reconcile fully with the account table’s 50% stop-out; neither threshold guarantees an execution price.[8]

The FAQ requests government photo identification and address evidence. It describes verification as usually taking up to 48 business hours once documents are complete, and permits up to ten accounts of each type with one main account. These are published procedures, not measured completion times.[5]

Published exclusions include US, Israeli, Iranian and North Korean residents; local-law restrictions also apply. Older linked pages list additional exclusions, so eligibility must be confirmed through the actual onboarding route.[18]

View full spreads & trading costs

Index commission is listed as zero. Shares/ETFs show 0.10%, or 0.08% at Elite; a separate share note specifies a $1 order minimum. Commodity commission descriptions conflict between percentage and dollar schedules. Swap rates are in platform specifications; requested swap-free status replaces swaps with equivalent overnight commission.[3]

Section 8.12 repeats the twelve-month clock and allows unspecified later fee increases. Withdrawal-fee bands also overlap at three months; the applied dates need clarification.[6]

The comparison page lists market, stop and limit orders, including GTC/GTD labels.[15]

The execution policy describes market-dependent fills: stop-loss and take-profit instructions do not guarantee their requested price, and slippage can be positive or negative.[7]

The broker’s MT5 page adds a strategy tester, depth of market and an integrated economic calendar. It documents installing custom MQL5 indicators on desktop; those desktop instructions do not establish identical installation or automation capability in the mobile apps.[17]

The ECN account label does not determine legal execution capacity. The execution policy allows principal or agency dealing and says capacity will be disclosed for each transaction. Its venue description includes liquidity providers and OTC arrangements.[7]

The specification page highlights lower liquidity and wider spreads around 00:00–00:05 server time, and lists crypto trading around the clock. It does not establish a fixed UTC offset for that server clock. The retrieved dynamic tables did not expose a dependable complete contract-size or instrument-margin schedule.[9]

The FAQ says withdrawals normally return through the original funding method. A transfer between differently denominated accounts is therefore a separate currency issue, not evidence of a free multi-currency wallet.[5]

Agreement §2.10.1 permits withdrawal charges after insufficient activity: 2% at 1–3 months, 3% at 3–6 months and 4.5% above six months, with prior notice. Sufficient activity means two trades monthly. §9.7 allows a selected conversion rate plus markup; no fixed markup was established.[6]

The risk disclosure describes leveraged losses and situations in which collateral is insufficient. The reviewed public documents did not establish an unconditional retail negative-balance promise, a named compensation scheme or an insurance policy with individual and aggregate customer limits.[8]

Phone dealing is advertised on the account page, but a dedicated outage number, authentication sequence and authority to cancel uncertain orders were not established in the inspected dealing instructions. Preserve order IDs and contact support when platform status is unclear.[2]

The execution policy says trade/day-end statements are supplied within 24 hours and include closed and open transactions, working orders and the financial position. This is a records commitment; a jurisdiction-specific tax certificate or particular CSV export format was not established.[7]

The FAQ promotes a demonstration account, education and an economic calendar. These materials support familiarisation; they do not establish personalised advice or discretionary management.[5]

MetaTrader automation is advertised, but the inspected broker pages did not establish a separate broker API permission model or an AI service authorised to place trades or withdraw funds. Automated execution should be distinguished from the public educational and analytical content.[16]

The FSA directory and contact page identify an Office 3 location at the IMAD Complex in Mahé, while current website footers give Office 12 on the third floor. That address variation does not erase the independent entity/domain match; it remains a detail to reconcile in formal correspondence.[21]

Advertised minimum spreads are entry points, not measured average dealing costs. The most useful pre-trade comparison combines the applicable monthly tier, the commission’s currency and side, live spread, overnight charge and the funding conditions. Numerical statements here are published terms rather than account testing.[1]