ANSWER Dear Investor,
We do not recommend using the Prism Capital Market platform and advise against engaging in any trading activities with them.
Our assessment indicates that Prism Capital Market does not claim to be licensed by any recognized financial regulator, stating only that it is registered in Saint Lucia. While we can confirm that a company with the same name appears in the Saint Lucia International Financial Centre (IFC) registry, this registration merely grants it International Business Company (IBC) status. It is crucial to understand that this does not constitute a valid financial license. The IFC neither regulates nor licenses forex trading activities, meaning this registration offers no regulatory oversight or protection for your funds.
Operating without legitimate regulation is a major red flag and a common characteristic of fraudulent operations. Therefore, Prism Capital Market appears to be a scam. We strongly recommend avoiding any transactions with this broker to ensure the safety of your capital.
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