Dear Investor,
We do not recommend Prime Vertical Markets due to its lack of effective regulatory oversight.
Regarding its Australian presence, Prime Vertical Markets claims that Prime Vertical Markets Pty Ltd is authorized by the Australian Securities and Investments Commission (ASIC). However, our search reveals that the status of this license has ceased. Consequently, the regulatory protection previously offered by ASIC is no longer valid, and the entity is not currently authorized to provide financial services in Australia.
Additionally, the broker asserts that it holds an MSB (Money Services Business) certificate from Financial Transactions and Reports Analysis Center of Canada (FINTRAC) in Canada. While we were able to locate entity information within the registry, it is crucial to understand that FINTRAC is a financial intelligence unit focused on anti-money laundering. FINTRAC does not regulate forex trading activities, nor does it provide oversight regarding the safety of client funds or trading practices.
Given these findings, Prime Vertical Markets is effectively unregulated. We strongly advise investors to avoid this platform to prevent potential financial risks.
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