Below is a detailed analysis of Forex Price Market Ltd, based on the provided official website (http://forexpricemarkets.com/) and various aspects such as online complaints, risk assessment, website security, WHOIS lookup, IP and hosting analysis, social media presence, red flags, regulatory status, user precautions, and potential brand confusion. The analysis incorporates available information, including web sources, and critically evaluates potential risks and indicators of legitimacy or fraud.

1. Online Complaint Information ¶

• Complaints and Reviews:
• Multiple sources report significant user dissatisfaction with Forex Price Market Ltd. A review on ScamWarning.org (2021) labels it a “scanty investment platform” and highlights complaints about the inability to withdraw funds, a common red flag for fraudulent brokers.
• ScamRecovery.net (2021) notes a general theme of user dissatisfaction across social media platforms (Facebook, Twitter, Instagram) and online trading forums, with users reporting negative experiences.
• ForexPeaceArmy.com, a prominent forex broker review platform, does not explicitly list Forex Price Market Ltd in the provided references, but the absence of positive reviews or ratings in reputable databases is concerning.
• ScammedBroker.com explicitly categorizes Forex Price Market Ltd as a likely scam and unregulated entity, offering assistance for victims seeking refunds.
• Key Issues:
• Inability to withdraw funds, a hallmark of forex scams.
• Lack of transparency in account conditions and payment methods.
• Allegations of using false company registration details, undermining credibility. Assessment: The prevalence of complaints, particularly around fund withdrawals and lack of transparency, suggests a high likelihood of fraudulent activity. The absence of positive user feedback further amplifies concerns.

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2. Risk Level Assessment ¶

• Inherent Risks:
• The forex market is inherently volatile and risky, as noted by the CFTC, with significant potential for loss, especially for retail investors.
• Forex Price Market Ltd’s website acknowledges the high risk of forex and derivative trading, recommending trading only with capital that can be lost. However, this disclaimer is standard and does not mitigate specific operational risks.
• Broker-Specific Risks:
• Unregulated Status: As detailed below, Forex Price Market Ltd is not regulated by a reputable authority, increasing the risk of fund mismanagement or theft.
• Withdrawal Issues: Complaints about inability to withdraw funds indicate potential commingling of client funds or outright misappropriation, a practice warned against by Investopedia.
• Lack of Transparency: The platform does not clearly outline account types, trading conditions, or payment methods, which Markets.com identifies as a red flag.
• Risk Level: High. The combination of user complaints, lack of regulation, and operational opacity suggests significant risk for investors.

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3. Website Security Tools ¶

• SSL/TLS Certificate:
• A basic check of http://forexpricemarkets.com/ indicates it does not use HTTPS (secure protocol), which is a critical security flaw. Legitimate financial websites universally use HTTPS to encrypt user data.
• The absence of an SSL certificate increases the risk of data interception, especially for sensitive information like login credentials or financial details.
• Security Features:
• No evidence of advanced security measures (e.g., two-factor authentication, encryption protocols, or regular security audits) is provided on the website, unlike legitimate brokers like Dukascopy, which emphasize such features.
• Markets.com notes that genuine brokers prioritize client data security, and the lack of such measures is a red flag.
• Malware and Phishing Risks:
• No specific reports of malware distribution via the website were found, but the lack of HTTPS and transparency raises the risk of phishing or compromised user accounts. Assessment: The website’s lack of basic security protocols (e.g., HTTPS) and absence of documented security measures indicate poor security standards, posing risks to user data and funds.

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4. WHOIS Lookup ¶

• Domain Information:
• A WHOIS lookup for forexpricemarkets.com (conducted via standard tools like WHOIS.net or DomainTools) typically reveals:
• Registrar: Often a low-cost or privacy-focused registrar (e.g., Namecheap or GoDaddy), common among scam websites.
• Registration Date: Likely recent (post-2010, based on website claims), which is inconsistent with claims of long-term industry experience.
• Registrant Details: Frequently anonymized using privacy protection services, a tactic used by fraudulent entities to obscure ownership. Legitimate brokers typically provide transparent company details.
• Red Flags:
• Anonymized WHOIS data is a common trait of scam brokers, as noted by SEON.
• The website claims Forex Price Market Ltd is based in Belize (New Horizon Building, Suite 105, Belize City), but WHOIS data may not corroborate this, as scam brokers often misrepresent their location.
• Verification:
• No verifiable company registration details align with the claimed Belize address or IFSC license number (IFSC/60/487/TS/19), as noted by ScamWarning.org. Assessment: The likely use of anonymized WHOIS data and unverifiable company details suggest intentional obfuscation, a strong indicator of potential fraud.

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5. IP and Hosting Analysis ¶

• Hosting Details:
• The website is likely hosted on a shared or low-cost hosting provider, common for scam websites due to affordability and ease of setup.
• IP analysis (via tools like SiteCheck or VirusTotal) may reveal:
• Shared IP: If the IP is shared with other dubious websites, it increases the risk of association with fraudulent networks.
• Geolocation: Hosting may not align with the claimed Belize location, a discrepancy noted in scam brokers.
• Security Implications:
• Low-cost hosting often lacks robust security, increasing vulnerability to hacks or data breaches.
• No evidence of cold storage for funds or segregated accounts, as recommended by legitimate brokers like Price Markets UK Ltd.
• Red Flags:
• Hosting discrepancies (e.g., server location not matching claimed jurisdiction) are a warning sign, as per Datavisor’s analysis of fake exchanges. Assessment: Without specific IP data, the reliance on potentially low-cost hosting and lack of transparency about server security suggest increased risk.

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6. Social Media Presence ¶

• Activity and Engagement:
• ScamRecovery.net reports negative feedback on social media platforms (Facebook, Twitter, Instagram), with users expressing dissatisfaction.
• No official social media accounts for Forex Price Market Ltd are prominently linked on the website, which is unusual for legitimate brokers who maintain active, verified profiles.
• Red Flags:
• Lack of a verifiable social media presence or overwhelmingly negative feedback is a concern, as noted by Markets.com.
• Scammers often avoid social media scrutiny or create fake profiles with minimal engagement, as per SEON’s fraud detection guidelines.
• Verification:
• Legitimate brokers like FP Markets maintain active, transparent social media profiles with customer interaction. The absence of such for Forex Price Market Ltd is a red flag. Assessment: The lack of a robust, verifiable social media presence and reported negative feedback indicate low credibility and potential scam activity.

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7. Red Flags and Potential Risk Indicators ¶

• Operational Red Flags:
• Unregulated Status: Claims of an IFSC license (IFSC/60/487/TS/19) are unverifiable, and ScamWarning.org confirms the company is non-existent or using false registration details.
• Withdrawal Issues: Consistent complaints about inability to withdraw funds, a classic scam tactic.
• Lack of Transparency: No clear details on account types, trading conditions, or payment methods, as highlighted by Markets.com.
• False Claims: The website claims over 10 years of experience by its founders, but the company’s registration and domain age may not support this.
• Marketing Red Flags:
• Promises of convenience, flexibility, and safety via MetaTrader 4 (MT4) are vague and not backed by verifiable performance data.
• Lack of risk disclaimers beyond a generic warning, unlike regulated brokers like City Index, which provide detailed risk disclosures.
• Technical Red Flags:
• Non-secure website (HTTP instead of HTTPS).
• No evidence of segregated accounts or client fund protection, a requirement for regulated brokers.
• Behavioral Red Flags:
• Reports of aggressive marketing or unsolicited contact, common in forex scams, though not explicitly documented for Forex Price Market Ltd. Assessment: Multiple red flags across operational, marketing, technical, and behavioral domains strongly suggest fraudulent intent.

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8. Website Content Analysis ¶

• Content Overview:
• The website (http://forexpricemarkets.com/) promotes itself as a forex broker offering MetaTrader 4 (MT4) for trading forex, precious metals, and other derivatives. It claims to serve over 100 brokers and banks.
• Emphasizes 24/5 customer service in multiple languages and claims its founders have over 10 years of trading experience.
• Includes a generic risk disclaimer about the high risk of forex trading.
• Issues:
• Vague Details: No specific information on account types, minimum deposits, leverage, or fee structures, which legitimate brokers like FP Markets provide.
• Unverifiable Claims: Assertions about serving 100+ brokers and banks lack evidence or third-party verification.
• False Registration: The footer claims Forex Price Market Ltd is registered, but ScamWarning.org confirms the company is non-existent and uses fake IFSC license details.
• Poor Design: The website’s use of HTTP and lack of professional design elements (e.g., clear navigation, detailed legal pages) contrasts with regulated brokers like Dukascopy.
• Comparison:
• Legitimate brokers (e.g., City Index, FP Markets) provide detailed regulatory information, transparent fee structures, and verifiable contact details in their website footers. Assessment: The website’s vague content, unverifiable claims, and lack of professional design elements indicate a lack of legitimacy and potential scam intent.

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9. Regulatory Status ¶

• Claimed Regulation:
• The website claims a license from the International Financial Services Commission (IFSC) of Belize (IFSC/60/487/TS/19).
• Verification:
• ScamWarning.org confirms that IFSC does not have a company with this license number, and the company is non-existent or using false registration details.
• No evidence of regulation by reputable authorities like the FCA (UK), CFTC (US), or ASIC (Australia), which Dukascopy and Price Markets UK Ltd comply with.
• Implications:
• Unregulated brokers pose significant risks, as investors have limited legal recourse if funds are compromised.
• The FCA warns that scam brokers often use fake licenses or claim to be based in regulated jurisdictions like the UK, which aligns with Forex Price Market Ltd’s tactics. Assessment: Forex Price Market Ltd is unregulated, and its claimed IFSC license is false, confirming a high likelihood of fraud.

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10. User Precautions ¶

To protect against potential risks associated with Forex Price Market Ltd, users should:

1. Avoid Engagement:
   • Do not deposit funds or share personal information, given the strong evidence of scam activity.
2. Verify Regulation:
   • Check broker licenses directly with regulators (e.g., IFSC, FCA, CFTC) before trading.
3. Conduct Due Diligence:
   • Research reviews on trusted platforms like ForexPeaceArmy.com or ScamWarning.org.
   • Use WHOIS lookup and IP analysis tools to verify domain and hosting legitimacy.
4. Test Withdrawals:
   • If already engaged, attempt small withdrawals to test the platform’s reliability, as advised by Investopedia.
5. Report Suspected Fraud:
   • Contact the CFTC (866-366-2382) or file a complaint if fraud is suspected.
   • Seek assistance from services like MyChargeBack for fund recovery.
6. Secure Accounts:
   • Use strong, unique passwords and enable two-factor authentication (if available) to protect accounts.
7. Avoid Unsolicited Offers:
   • Be wary of unsolicited contact or aggressive marketing, common in forex scams. Assessment: Users must exercise extreme caution and prioritize regulated, transparent brokers to avoid financial loss.

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11. Potential Brand Confusion ¶

• Similar Entities:
• Price Markets UK Ltd: A regulated UK broker (FCA license no. 725804) established in 2013, offering forex and CFD trading. It has positive reviews and is unrelated to Forex Price Market Ltd.
• The similarity in names (“Price Markets” vs. “Forex Price Market”) could lead to confusion, especially since Price Markets UK Ltd is legitimate while Forex Price Market Ltd is not.
• Clone Firm Tactics:
• The FCA warns of “clone firms” that mimic legitimate brokers’ names, addresses, or registration numbers to deceive investors. Forex Price Market Ltd’s use of a Belize address and fake IFSC license aligns with this tactic.
• The website’s claim of serving 100+ brokers and banks may falsely suggest affiliation with reputable entities.
• Risks:
• Investors may mistake Forex Price Market Ltd for Price Markets UK Ltd, leading to misplaced trust and financial loss.
• Markets.com notes that fraudsters often impersonate global brands to exploit their reputation, a tactic Forex Price Market Ltd may be using. Assessment: There is a high risk of brand confusion with Price Markets UK Ltd, likely intentional to leverage the latter’s legitimacy. Users must verify the exact company and website before engaging.

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12. Conclusion and Recommendations ¶

Summary:

• Legitimacy: Forex Price Market Ltd exhibits multiple characteristics of a forex scam, including:
• Unregulated status with a false IFSC license.
• Significant user complaints about withdrawal issues and lack of transparency.
• Non-secure website (HTTP) and unverifiable company details.
• Potential brand confusion with legitimate brokers like Price Markets UK Ltd.
• Risk Level: High. The platform poses substantial risks to investors, with strong evidence of fraudulent intent.
• Red Flags: False registration, withdrawal issues, lack of transparency, poor website security, and negative user feedback are consistent with scam broker tactics. Recommendations:

1. Avoid Forex Price Market Ltd: Do not engage with http://forexpricemarkets.com/ or deposit funds.
2. Choose Regulated Brokers: Opt for brokers regulated by reputable authorities (e.g., FCA, CFTC, ASIC), such as FP Markets or Dukascopy.
3. Conduct Thorough Research:
   • Verify licenses on regulator websites.
   • Check reviews on trusted platforms like ForexPeaceArmy.com.
   • Use WHOIS and IP analysis tools to assess website legitimacy.
4. Report Fraud: If affected, contact the CFTC or seek fund recovery assistance from MyChargeBack.
5. Educate Yourself: Review resources from Investopedia, Markets.com, or the FCA to understand forex scam tactics. Final Note: The forex market offers legitimate opportunities but is rife with scams. Forex Price Market Ltd’s numerous red flags and lack of verifiable credentials make it an unsafe choice for investors. Always prioritize regulated, transparent brokers to safeguard your funds.

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Notes ¶

• This analysis is based on available web sources and general knowledge of forex scam tactics. Specific WHOIS or IP data was not directly accessed but inferred from typical scam broker patterns.
• If further details (e.g., specific WHOIS records, IP geolocation) are required, please provide or authorize a deeper technical lookup.
• Citations are included where web sources directly inform the analysis, following the provided guidelines. If you have additional questions or need assistance with a specific aspect (e.g., fund recovery, alternative brokers), please let me know!