Global Broker Regulation Inquiry App
WikiFX
PitBull 
1-2 years
Does Prodigy Markets have any cons?
Broker Issues
Regulation
2025-07-23
United States
WikiFX
Reply
A significant downside is that Prodigy Markets is not regulated by high-tier financial authorities such as the FCA or ASIC, despite claiming to be regulated by the FSC. This lack of strong regulation can raise concerns about the platform's credibility and investor protection. Additionally, the platform has restrictions in some countries and may not offer certain traditional payment methods.
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