In this section we will analyze the broker Prometheus Asset Management, is a Forex, Cryptocurrency and CFD broker. Is Prometheus Asset Management Really Recommended For An Investment? Or is it better not to invest with this company? Is it a safe broker? Is a gotcha? We will help you determine it.
You might be wondering why we do a review on Prometheus Asset Management… It is because we have received some messages from clients asking about the company, and we like to think that our reviews page helps investors, providing key information about the company, we give know information that every investor should know before deciding or not, to invest with an investment company.
We carry out this review and assessment, due to the fact that we receive different messages and comments asking about the reliability of the company in question.Are you a representative of this company? Leave a comment responding to customer concerns.
Essential information: Who does it belong to? Where is located? Is it a regulated broker?
The broker mentions being part of: Prometheus Asset Management
As to its location, the broker mentions being based in: Dubai.
If we analyze the regulation of the broker: it does not mention anything about any regulation, everything indicates that it is an unregulated broker.
If now we go on to analyze account types offered by Prometheus Asset Management, we note that they offer only 1 type of account: the Single PAM Account. We leave an image with a little information about this type of account.
PAM Single Account- $ 5.000 minimum initial deposit, single analyst, market insights, variable commissions, 24/7 support, automated transfers.
In the following image you can have more information about the types of account. Click here to see the image in full size.
Las platforms to operate that Prometheus Asset Management offers are: we think Prometheus Asset Management's own, since they don't mention it.
We will now analyze the different resources and aids for traders that Prometheus Asset Management provides on its website. We believe that the resources and help provided on the website can be a point in favor of the broker.
Prometheus Asset Management provides the following aids or resources to traders or stakeholders: some charts with live quotes, really not much more than this ...
Other information about Prometheus Asset Management
Some more information in case you want to contact the company, or see its website for yourself.
Phone number: + 44 208 089 15 34
Email address: [email protected]
>>> Valuation on Prometheus Asset Management <<
Ending with this section, in our opinion Do we think Prometheus Asset Management is trustworthy? Should you invest your money with the company?
The truth is that, we believe that it is better to be careful because: it is based in unsafe countries (Dubai), it is an unregulated broker, it gives very little information about the company to which it belongs, when looking for other reviews or evaluations about Prometheus Asset Management did not find even one, which makes us think that it is a "new" company.
For these reasons, we believe that Prometheus Asset Management is not a recommended broker. In other words, we always recommend working only with duly regulated companies, isn't it better to have the protection of a good regulator? Is it worth the risk if there are much safer options to invest?
You have to understand that one of the few measures that really ensure the clients' money is the regulation of the broker, that is, it is probably the most important thing in any broker; THAT IT HAS A GOOD REGULATION, DO NOT BE FOOLED. Good regulation means that there is an authority to which, in case of misunderstandings or problems, customers can complain.
Update September 2019: CNMV (Spanish financial regulator) has issued a warning against Prometheus Asset Management
What is your opinion? Have you traded with this broker? Are you a customer? Do you think our opinion is not correct? We invite you to collaborate with us and vote, you can also leave a comment on our website with your experience if you are a client of the broker.
We leave a vote open so that traders, clients and users of the broker can vote.