Price Markets Review 2024

The conditions offered by Price Markets seemed advantageous to me. I didn't suspect any catch because, at that time, the broker had been operating for six years and had a British FCA license, which provided confidence. I opened an account and mainly traded metals and currencies. I played it safe, so the capital wasn't growing very fast. I wanted to explore the cryptocurrency market, but since Price Markets didn't offer this asset, I decided to withdraw some money and trade with another broker. I never saw my money again. This company is a group of scammers who misappropriate without consequences. I wanted to complain to the regulator, but it turns out the FCA revoked their license.

Price Markets is an untrustworthy broker that doesn't care about traders' interests. When I started working with them everything was fine for the first few months. Then conditions worsened. There were technical issues with the trading platform, and eventually, the broker began interfering with trades. The final straw was withholding a large sum to settle a fee discrepancy that they incorrectly calculated. I reached out to support requesting a breakdown because I have the right to know why I lost almost all my profit. But nobody provided me with any explanation. Luckily, I managed to withdraw my money because later I found out that the website had shut down.

Price markets took all the money I invested and everything I managed to earn. I opened a standard account and traded Forex for about six months. I managed to earn decently despite not having very favorable spreads. I reinvested all the profits into trading, so I only withdrew money once, a small amount, to test how quickly they process requests. When I urgently needed the money, I decided to withdraw it from the account, but I never saw it. Support didn't respond despite my multiple inquiries. This ordeal lasted for over a month, then the website stopped working, and now there's no hope of getting my money back.

Initially, my collaboration with Price Markets was satisfactory. I invested in two PAMM accounts and luckily chose managers with good returns. I did some currency trading myself and didn't see any major issues, but perhaps because I'm not well-versed in trading intricacies. The profit from my own trades was small, and I decided to withdraw money. That's when the problems started because they delayed the withdrawal for various reasons, but eventually, they transferred the money. However, when I tried to withdraw funds from the PAMM accounts, the broker simply blocked my account without any warning or explanation.

The broker PriceMarkets stole over $7,000 from me. I was trading on a standard account. I deposited $5,000 and earned $2,000. When I tried to withdraw the profit, they refused, citing a ridiculous reason. Supposedly, I had open positions, and the account must always have $5,000. I deliberately closed the orders with a small loss and requested withdrawal again. I waited for the money for a week, then contacted support. They replied only a day later, saying they were working on resolving the issue. While they were dealing with it, they shut down the website and took all their clients' money for themselves.

Price Markets are scammers who engage in robbing clients. Initially, they messed up something with the quotes and edited my account, taking away almost all the profit I had earned. Then I discovered they closed some orders for unclear reasons. I contacted support, but I had to wait for weeks for a response. Every time, they invented some unclear rules. I tried to clarify, but no one explained anything properly. I tolerated this treatment for a couple of months, then withdrew my money and switched to another broker.

When choosing a broker, I always pay attention to the regulator. I noticed that Price Markets operates under an FCA license (United Kingdom). Without suspecting anything bad, I opened a standard account, deposited $8,000, and started trading currencies. The conditions turned out to be less than favorable, with spreads occasionally widening to 15-25 pips, especially on less popular pairs. I often had to set stop-losses up to 35 pips to prevent orders from closing during such fluctuations. I managed somehow, but another problem arose with withdrawing money. I submitted a request again, but they denied it, claiming I didn't have enough margin, although that wasn't the case. While I pursued withdrawal, the website closed, and I lost all my money.