Reported as a scam / unregulated
Why Prime Vertical Markets is on the register
Prime Vertical Markets claims that Prime Vertical Markets Pty Ltd is authorized by the Australian Securities and Investments Commission (ASIC) . However, our search reveals that the status of this license has ceased . Consequently, the regulatory protection previously offered by ASIC is no longer valid. Additionally, the broker asserts that it holds an MSB certificate from Financial Transactions and Reports Analysis Center of Canada (FINTRAC) in Canada. While we were able to locate entity information within the registry, it is crucial to understand that FINTRAC is a financial intelligence unit focused on anti-money laundering. FINTRAC does not regulate forex trading activities. Prime Vertical Markets is effectively unlicensed by any regulator. Therefore, Prime Vertical Markets appears to be a scam.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.