prudential-ltd.com is a CFD broker website registered on June 5, 2024. It primarily offers trading services in forex, precious metals, crude oil, indices, cryptocurrencies, and other financial derivatives to retail and institutional clients. This broker does not provide services to jurisdictions where it may violate local laws or regulations.
Corporate Registration Information and Regulatory Status:
According to the public information on prudential-ltd.com, the broker operates under the brand name PRUDENTIAL. Its headquarters are located in New York, USA, and it is registered with the U.S. Financial Crimes Enforcement Network (FinCEN) and the U.S. National Futures Association (NFA) with MSB ID 31000263262302 and NFA ID 0561418. However, on the company profile page of the website, it claims to be headquartered in Denver, USA, and to be one of the top 50 largest financial services companies in the United States.
Upon verification, the NFA ID 0561418 corresponds to an entity named SMART GLOBAL, which is registered as a non-member unit, indicating that it is not regulated by the NFA. Similarly, the FinCEN website shows that the MSB ID 31000263262302 also belongs to SMART GLOBAL. FinCEN’s primary mission is anti-money laundering, and it does not regulate normal financial derivatives trading.
Therefore, prudential-ltd.com is essentially an unregulated and non-existent corporate entity, making it a fraudulent broker website.
Account Opening Process:
Opening an account on prudential-ltd.com involves visiting the broker's website, clicking "Register" on the homepage or in the top right corner, and filling out the required fields with your name, phone number, email address, and setting a password. You will also need to upload both sides of your ID and submit the application form. Once the application is submitted, the account registration is complete.
Trading Account Information:
The website only publishes information about spreads, trading leverage, and contract sizes, while other details like account types, trading commissions, minimum/maximum trading volumes, maximum position/order sizes, margin call/stop-out levels, and minimum price increments are not disclosed.
- Spreads: Floating spreads starting from 1 pip
- Trading Leverage: 1:100
- Contract Size: 1 lot = 100,000 currency units
Trading Platform:
The website claims to offer the MT5 trading platform for desktop and mobile. However, searches on the actual MT5 platform do not show a broker named PRUDENTIAL.
Deposits and Withdrawals:
prudential-ltd.com does not explicitly disclose its supported deposit and withdrawal methods, fees, or minimum deposit/withdrawal amounts on its website.
Conclusion:
Traderknows reminds investors that prudential-ltd.com is a suspected fraudulent broker with unclear registration and regulatory information and false advertising. The only way to contact them is through email, making their contact method very limited. The website design and content are the same as other fraudulent broker websites like Gildencrest Capital, Tosta Global Limited, fbspro, BLK International Exchange Inc, Bestonfx Trading Limited, and fogo forex. Traderknows advises investors to choose brokers with transparent information, strong regulation, and good reputation to avoid unnecessary financial losses.
Currently, this broker is marked as "Suspected Fraud" on Traderknows.
