BrokAIr Reviews

First Prudential Markets Review

"First Prudential Markets has been a surprisingly reliable broker for many traders, despite its reputation as a high-risk investment platform. But how much risk is too much risk?"

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First Prudential Markets: Overview

First Prudential Markets is an online broker based in Australia. The company was founded in 2010 by Michael and Mark Ryan and has since become one of the country’s leading brokers.

Pros

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Public Opinion

Overall, First Prudential Markets is well-regarded by the public. They have a good reputation for providing their customers with a secure, reliable, and efficient platform to trade on. Customers appreciate the wide range of investment options available, as well as the competitive fees and spreads. However, some customers have noted that there are limited international coverage and no cryptocurrency trading options available.

Newsworthy Events

In 2020, First Prudential markets received a license from the Australian Securities and Investment Commission (ASIC). This license allows them to offer a variety of services including dealing in financial products, providing custodial services, and managing investments. In addition, they were also granted a Limited AFS License from the Financial Services Regulatory Authority of Abu Dhabi Global Market (ADGM). This license enables them to provide services to customers in the United Arab Emirates.