psi-markets Review

When we at FXCanary set out to examine PSI-Markets, we knew we had to dig deeper than the broker’s own marketing. We cross-checked its claimed registration against official corporate registers, searched multiple international financial regulator databases for any sign of a licence, and analysed every publicly available user review we could find. We also examined industry aggregator scores and compiled a Scam Risk Score based on over a dozen risk factors. What follows is our independent, evidence-led assessment of this broker, written to help you decide whether it deserves your trust or your money.

Our review process is always driven by three pillars: regulatory standing, real-user feedback, and transparency of business practices. For PSI-Markets, each pillar revealed alarming deficiencies. We found no regulatory licence, a torrent of scam accusations from users, and critical gaps in the information provided to prospective clients. In this article, we lay out exactly what we discovered and why it leads us to a clear conclusion.

PSI-Markets claims to have been founded in 2023, making it a very young brokerage. The legal entity named is TBC International Markets LTD, registered in the Commonwealth of Dominica. The address given—Tavernier Street, Wall House, Loubiere—raises immediate concerns. Our investigation suggests this is likely a virtual office or mail-forwarding service, a common arrangement for offshore entities seeking a veneer of legitimacy. The fact that the company reports zero employees reinforces the impression of a shell operation with no substantial physical presence.

Dominica is not a respected financial centre; it is often used for low-cost company incorporations with minimal oversight. Being ‘registered’ in Dominica is not the same as being regulated there. The country’s Financial Services Unit does not oversee forex or CFD brokers in the way that, say, the UK’s Financial Conduct Authority or Cyprus’s CySEC does. A Dominica registration provides no consumer protections and should never be mistaken for financial regulation. For traders, this means dealing with an entity that likely has no real office, no staff to hold accountable, and no legal requirement to safeguard client funds.

FXCanary conducted a thorough search of major regulatory databases, including those of the FCA, CySEC, ASIC, and several others. We can confirm that PSI-Markets holds no valid licence from any recognised financial authority. This is a critical finding. Without regulation, the broker is free to operate outside any legal framework designed to protect traders. There is no requirement to segregate client funds, no compensation scheme if the company collapses, and no ombudsman to hear complaints.

In many jurisdictions, soliciting retail clients for forex or CFD trading without a licence is illegal. PSI-Markets appears to rely on its offshore registration to bypass these rules. This is a classic hallmark of high-risk or fraudulent brokers. The broker’s own marketing sometimes alludes to being ‘registered’ in Dominica, but this is often confused with regulation by inexperienced traders. We stress that registration is purely administrative; it does not involve any scrutiny of business practices, capital adequacy, or fair treatment of customers.

The implications for client fund safety are stark. If PSI-Markets were to disappear tomorrow—as many scam brokers do—there would be no authority to pursue, no insurance to claim against, and virtually no chance of recovering lost deposits. This alone should be enough for any rational trader to walk away.

The broker advertises five account levels: BASIC, SILVER, GOLD, PLATINUM, and VIP. Minimum deposits start at €250 and rise sharply to €250,000. In a legitimate brokerage, higher tiers typically come with tighter spreads, dedicated support, or additional research tools.

Here, none of those differentiators are disclosed. FXCanary’s analysis found no information on spreads, commissions, or leverage for any account type. This opacity means a trader depositing €250,000 has no way of knowing what trading conditions they are getting—an extraordinary oversight for a broker soliciting such large sums.

The structure itself is a common tactic among scam brokers: the low BASIC tier allows them to catch smaller, less cautious traders, while the higher tiers target affluent victims with the promise of exclusivity. The absence of any disclosed benefits beyond the deposit requirement suggests the tiers serve only to segment victims by how much they can be fleeced. In many reported cases, users who deposited larger amounts found themselves locked out of their accounts or bombarded with demands for further payments under the guise of fees or taxes before any withdrawal was allowed.

PSI-Markets does not publicly list any deposit or withdrawal methods. Regulated brokers usually display a clear page outlining bank transfers, credit cards, e-wallets, and crypto options, along with processing times and fees. The complete omission here is troubling. It forces traders to sign up and probably hand over personal information before learning how to move their money—a classic information asymmetry exploited by shady operators.

Even more damning is the withdrawal experience described by real users. Out of 22 reviews on Trustpilot, seven directly mention withdrawal problems. One user reported that after depositing £30,000, their account showed profits exceeding £100,000, but they were prevented from withdrawing.

When the account was eventually closed, only £280 remained. Another user described being asked to pay successive ‘fees and taxes’ to release funds, only to have the account closed when they refused. These are not isolated incidents; they form a clear pattern of blocked withdrawals and fabricated account balances.

Our research also found that some victims resorted to third-party recovery services to retrieve their money. While we cannot vouch for such services, their involvement underscores the severity of the problem. Legitimate brokers do not force clients to hire external agents to access their own funds.

PSI-Markets claims to offer CFDs on forex, commodities, precious metals, energy, indices, stocks, and cryptocurrencies. On paper, this looks like a comprehensive product suite. However, the broker provides no details on specific symbols, contract sizes, trading hours, or execution models. Without this, traders cannot assess whether the instrument list is genuine or merely a copy-paste from other websites.

Similarly, the broker does not name a trading platform. Established brokers typically use MetaTrader 4, MetaTrader 5, cTrader, or a proprietary platform, and proudly display it. The absence here suggests either a very basic web-based interface or no real trading environment at all.

Reviewers described the platform as ‘deceptive’ and part of an ‘ingenious plan’ where fake balances were shown to give a false sense of profit. One user noted that the website ‘looks genuine’ but turned out to be a facade. This aligns with a common scam model: a simple website that mimics a real trading platform but where the broker controls the numbers and the outcome.

No spreads, commissions, or swap rates are published by PSI-Markets. In a regulated environment, cost transparency is paramount. Here, the lack of disclosure prevents traders from comparing costs or calculating potential expenses. But the real danger emerges later, as user reviews reveal a pattern of unexpected fees and tax demands when withdrawal is attempted.

One reviewer recounted being told they needed to pay a series of ‘fees and taxes’ before their profit could be released. Each payment was followed by another demand, a classic advance-fee scam. Another user described the broker’s business model as built on ‘siphoning money to their pockets’ via these fictitious charges. The two mentions of spreads and fees in reviews are entirely negative, reinforcing the view that the broker uses cost-related excuses as a tool to extract more money rather than to provide a legitimate trading service.

FXCanary analysed 22 Trustpilot reviews of PSI-Markets, which yielded an average score of 1.8 out of 5. Every single review was one star. While it is possible for competitor sabotage to inflate negative ratings, the consistency and specificity of the complaints make such an explanation unlikely. The reviews tell a harrowing story of financial loss and deception.

Scam accusations appeared in eight reviews, with users explicitly warning others: ‘Do not invest,’ ‘This is scam,’ ‘Please do not engage with these fraudsters.’ Six reviews highlighted the impossibility of withdrawing profits, and seven detailed blocked withdrawals. Several users mentioned that the broker used a training company called Coursado to onboard victims, presenting itself as a legitimate educational partner, only to later deny any relationship. This indirect funnel is a sophisticated twist that gives victims an initial sense of credibility.

The financial impact on users is severe. One lost £30,000 and watched their account closed with only £280 left. Another saved themselves from a larger loss only by refusing to send the large deposit the broker was demanding. The absence of any positive feedback, even from so-called ‘beneficiaries’ of the service, is telling. The review record alone would compel us to classify PSI-Markets as a high-risk scam.

Beyond Trustpilot, PSI-Markets has no presence on Forex Peace Army, a community where traders often share detailed experiences. This absence could indicate a very low user base or a deliberate effort to avoid scrutiny. Our own Scam Risk Score, calculated from over a dozen weighted factors including regulatory status, transparency, user complaints, and business longevity, assigns PSI-Markets a score of 75 out of 100, firmly in the ‘Severe Risk’ category.

This score is driven primarily by the zero-licence finding, the overwhelming negative review signal, and the opaque business structure. In our model, any broker scoring above 70 should be avoided entirely by retail traders. PSI-Markets not only meets that threshold but does so with a consistency that leaves no room for doubt. The aggregated industry data, while sparse, aligns perfectly with the user narrative: this is a broker to stay far away from.

After cross-checking registries, analysing user testimony, and evaluating the broker’s own disclosures, FXCanary can only conclude that PSI-Markets is a dangerous operation with all the hallmarks of a classic forex scam. It operates without regulation from an offshore shell address, conceals critical trading information, and has generated a unanimous chorus of fraud reports from victims who lost substantial sums. The broker’s Scam Risk Score of 75/100 (Severe) reflects a level of risk that no trader should accept.

We strongly advise anyone considering this broker to abandon that plan immediately. If you have already deposited funds, stop sending money and cease all communication. Do not pay any ‘fees’ or ‘taxes’ demanded to release your funds—this is a known tactic to extract more cash.

Attempt to withdraw any remaining balance, but be prepared for obstruction. If you paid via credit card or bank transfer, contact your financial institution to discuss chargeback options. You may also report the broker to your local financial regulator and consumer protection agency, though recovery prospects in an offshore scam are slim.

For those seeking a legitimate trading partner, focus exclusively on brokers regulated by top-tier authorities such as the FCA, ASIC, or CySEC, and always verify the licence number on the regulator’s official register. Check user reviews from multiple independent sources, and never trust a broker that hides its fees, platform, or funding methods. In the case of PSI-Markets, the evidence is unequivocal: this broker is unsafe.