Reported as a scam / unregulated
Why Utopian Markets is on the register
Utopian Markets claims to be a brand under DPrime, with registered companies in both the Cayman Islands and Vanuatu, and asserts that it is licensed and regulated by the Vanuatu Financial Services Commission (VFSC). However, we must alert you that our investigation found no records for the claimed entities, DPrime Limited and DPrime Vanuatu Limited, with either the Cayman Islands Monetary Authority (CIMA) or the VFSC. Furthermore, the website of its purported main brand, Doo Prime, contains no mention of any affiliation with Utopian Markets. Therefore, Utopian Markets is not regulated by any authority. It 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.