Basic Information
Registered Region 
Mauritius
Mauritius Operating Period
2-5 years
Company Name
Prodigy Trading LTD
Email
support@prodigymarkets.net
Contact Number
+97142564300
Company Website
Global Broker Regulation Inquiry App
About WikiFX
WikiFX
WikiFX
Log in/ RegisterNot Regulated
Prodigy
2-5 years Questionable Regulatory License Suspicious Operational Region High Potential Risk
Score
0 1 2 3 4 5 6 7 8 9
. 0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10
Regulatory Index3.57
Business Index5.15
Risk Management Index2.63
Warning: Low score, please stay away!
Last Check 2026-09-02
Risk 2
Forex License
No forex trading license found. Please be aware of the risks.
Account Info
Verified Site
About Us
Wiki Q&A
Comment
Account Info
- Trading Env.--
- Currency--
- Maximum Leverage1:400
- SupportedEA
- Minimum Deposit--
- Minimum Spread1.5
- Depositing Method--
- Withdrawal Method--
- Minimum Trade Size--
- Commission--
- Trading Instruments--
Last Updated：
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Official Website
Verified Site
prodigymarkets.net
Server IP192.185.186.190Server LocationICP Registration No.--Top Visitor Locations--Creation Date--Website Name--Company--
Company Profile
| Prodigy Review Summary | |
| Founded | 2023 |
| Registered Country/Region | Mauritius |
| Regulation | No regulation |
| Market Instruments | Forex, Metals, Energies, Indices, Cryptocurrencies |
| Demo Account | / |
| Leverage | Up to 1:400 |
| Spread | From 1.5 pips (Basic Account) |
| Trading Platform | MT5 |
| Minimum Deposit | / |
| Customer Support | Live chat |
| Phone: +971 42 564 300 | |
| Email: support@prodigymarkets.net | |
| Social Media: Facebook, X, Instagram, TikTok, Telegram, LinkedIn, WhasApp | |
| Regional Restrictions | Afghanistan, Cote dIvoire, Cuba, Iran, Libya, Myanmar, North Korea, Sudan, Puerto Rico, USA, Syria, and Yemen |
Prodigy Information
Prodigy Markets is a broker that is not regulated. It was created in 2023 and is based in Mauritius. It lets you trade CFDs in a lot of different markets, such currencies, commodities, energies, indices, and cryptocurrencies. There are three types of MT5 accounts available (Basic, Elite, and Pro). The maximum leverage is 1:400, there are no costs for not trading, and commissions start at $0 and go up to $10 per lot, depending on the account.
Pros and Cons
| Pros | Cons |
| Supports MT5 platform | Not regulated |
| Offers multiple asset classes | Regional restriction |
| No deposit or withdrawal fees | Wide spreads on Basic and Elite accounts |
| Live chat support | |
| Popular payment options |
Is Prodigy Legit?
Prodigy Markets is not regulated in Mauritius and does not have licenses from major financial agencies like the FCA, ASIC, or CySEC.
The domain prodigymarkets.net was first registered on October 7, 2023, and it will end on October 7, 2025. It is now closed for security reasons (clients can't remove, transfer, update, or renew), and GoDaddy hosts the name servers.
What Can I Trade on Prodigy?
Prodigy has a wide range of products, including Forex, commodities, energies, indices, and cryptocurrencies through CFDs. There are thousands of instruments that can be traded.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Metals | ✔ |
| Energies | ✔ |
| Indices | ✔ |
| Cryptocurrencies | ✔ |
| Stocks | ❌ |
| ETFs | ❌ |
Account Types
There are three categories of live trading accounts at Prodigy Markets: Basic, Elite, and Pro. All accounts use MT5, facilitate market execution, and let you use Expert Advisors (EAs). The broker also offers service 24 hours a day, five days a week, although the site doesn't clearly say anything about demo accounts or Islamic (swap-free) accounts.
| Account Type | Spread | Leverage | Commission |
| Basic | 1.5 pips | Up to 1:400 | $0 |
| Elite | 1.0 pips | Up to 1:300 | $0 |
| Pro | 0.0 – 0.03 pips | Up to 1:300 | $10 per lot |
Leverage
On its Basic account, Prodigy gives you leverage of up to 1:400. On its Elite and Pro accounts, you may get up to 1:300. High leverage can make returns bigger, but it also makes danger much higher. Leverage makes both gains and losses bigger. If you don't limit your risks properly, it might quickly drain your account.
Prodigy Fees
Compared to other companies in the same field, Prodigy's trading fees are ordinary to a little high. The Basic and Elite accounts don't charge any commissions, although their spreads are rather large. The Pro account has spreads that are almost nothing, but it charges $10 each lot.
| Account Type | Spread | Commission per Lot |
| Basic | 1.5 pips | $0 |
| Elite | 1.0 pips | $0 |
| Pro | 0.00 – 0.03 pips | $10 |
| Non-trading Fees | |
| Deposit Fee | ❌ |
| Withdrawal Fee | ❌ |
| Inactivity Fee | Applies to dormant accounts, up to $100 |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable For |
| MetaTrader 5 (MT5) | ✔ | Windows, macOS, iOS, Android | Experienced traders |
| MetaTrader 4 (MT4) | ❌ | / | Beginners |
| cTrader | ❌ | / | / |
Deposit and Withdrawal
Prodigy Markets does not charge any deposit or withdrawal fees.
| Payment Options | Supported | Fees |
| Visa | ✔ | $0 |
| Mastercard | ✔ | |
| Skrill | ✔ | |
| Stripe | ✔ | |
| Apple Pay | ✔ | |
| Google Pay | ✔ | |
| Bitcoin | ✔ |
Company Profile
- 2-5 years
- Questionable Regulatory License
- Suspicious Operational Region
- High Potential Risk
Wiki Q&A
PitBull 
1-2 years
Does Prodigy Markets have any cons?
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.
Broker Issues
Regulation
2025-07-23
United States
Tricia54
1-2 years
Does Prodigy Markets charge commission?
Prodigy Markets does not charge commission on standard trading accounts. However, ECN accounts may have different fee structures, including tighter spreads and additional costs related to direct market access.
Broker Issues
Fees and Spreads
2025-07-19
United States
kennis2244
1-2 years
What payment methods does Prodigy Markets support?
Prodigy Markets supports several payment methods, including bank transfers, cryptocurrencies (such as Bitcoin, Ethereum, and USDT), credit/debit cards, and e-wallets like Skrill and Neteller. These methods aim to provide secure and swift transactions.
Broker Issues
Withdrawal
Deposit
2025-06-27
United States
Mansuber007
1-2 years
What are the pros of Prodigy Markets?
Prodigy Markets offers competitive leverage up to 1:500 and provides various account types, including demo and Islamic accounts. The platform uses MetaTrader 5 (MT5), offering advanced charting tools and automated trading. It also supports several payment methods, including cryptocurrencies, credit/debit cards, and e-wallets like Skrill.
Broker Issues
Regulation
2025-06-16
United States
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