psi-markets

PSI-Markets is a trading broker that presents itself as an online platform for retail and professional traders. The company states it was founded in 2023 and is registered in the Commonwealth of Dominica, a Caribbean island nation. It operates under the legal entity TBC International Markets LTD, with a registered address at Tavernier Street, Wall House, Loubiere, Dominica. The broker offers a range of trading instruments across multiple asset classes, including CFDs, forex, commodities, precious metals, energy, indices, stocks, and cryptocurrencies.

FXCanary’s check of regulatory registers found no valid licence on file for PSI-Markets. This means the broker is not overseen by any recognised financial regulator. Traders should note that Dominica is not known as a major financial regulatory hub, and registration there does not equate to regulation. Without a licence, clients have no access to investor protection schemes or compensation funds in the event of broker insolvency or misconduct.

PSI-Markets advertises five account tiers designed to accommodate different levels of investment. The BASIC account requires a minimum deposit of €250, which is relatively accessible. The SILVER account raises the minimum to €10,000, GOLD to €25,000, PLATINUM to €100,000, and the VIP account requires a substantial €250,000. The broker has not publicly disclosed maximum leverage, spreads, or commission structures for any of these accounts, which is unusual for a transparent brokerage operation.

The broker claims to provide access to a diverse portfolio of tradable assets. This includes Contracts for Difference (CFDs) on forex pairs, commodities, precious metals like gold and silver, energy products, global stock indices, individual stocks, and a selection of cryptocurrencies. However, specific details such as available symbols, contract sizes, and trading hours are not provided, leaving potential clients with insufficient information to evaluate the offering.

PSI-Markets states that it offers leverage of up to 1:30 for retail clients and up to 1:400 for professional clients. Such high leverage can amplify both gains and losses, and is especially risky in an unregulated environment where there may be no safeguards against negative balance protection or other risk management tools.

The broker has not disclosed its deposit or withdrawal methods. This lack of transparency is a red flag, as regulated brokers typically provide clear information on accepted payment methods, processing times, and any associated fees. The absence of this detail leaves potential clients uncertain about how to fund their accounts or recover their money.

PSI-Markets is an unregulated broker that targets a wide range of traders, from beginners with a €250 minimum deposit to high-net-worth individuals willing to deposit €250,000. The lack of regulatory oversight, opaque trading conditions, and undisclosed funding methods make it a highly risky choice. Our research into user reviews, detailed in the full review, further suggests serious concerns about the broker’s operations.