What is Prometheus UK?
Prometheus UK (prometheusuk.com) claims to offer forex and CFD trading services. The broker promises high returns and advanced tools. However, the website lacks transparency about ownership and legal status.
Prometheus UK Scam: Is It Regulated?
A trustworthy broker must have a valid financial license. Prometheus UK does not appear in major regulator databases. It is not authorized by FCA, CySEC, or ASIC. This means traders have no legal protection if problems arise.
Unclear Trading Conditions and Hidden Fees
The company does not provide clear information about trading costs. Spreads, commissions, and withdrawal fees remain undisclosed. Some traders report unexpected charges when trying to withdraw funds. Others say their withdrawal requests were denied.
Suspicious Trading Platform
A professional broker should offer reliable platforms like MetaTrader 4 or 5. The company provides a basic WebTrader with limited functionality. Many users report execution delays, price manipulation, and technical issues.
Negative Reviews and Trader Complaints
Many traders report serious issues with the company. Complaints include blocked withdrawals, ignored support requests, and unexpected fees. Some clients claim the broker pressures them to deposit more money.
How This Scam Works
The company attracts traders with false promises of easy profits. Once funds are deposited, withdrawal restrictions and hidden fees appear. The broker may manipulate trades to create losses. These tactics are common among scam brokers.
Final Verdict
Prometheus UK is an unregulated and suspicious broker. It lacks transparency, proper licensing, and customer support. Many traders report financial losses and withdrawal issues. To protect your money, choose a licensed and reputable broker.
