Forex Brokers

Promentum Limited

1.4 (14 reviews)
🇳🇿 New Zealand
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1.4
14 reviews
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About Promentum Limited

Promentum Limited has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Fraud ...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.

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Customer Reviews

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Lost my investment - DO NOT TRUST

J
John C.
1 months ago

I want to warn everyone about Promentum Limited. They have been flagged by Financial Markets Authority as an unauthorized entity. I wish I had checked before investing. They use high-pressure sales tactics and fake testimonials. Once you send money, getting it back is nearly impossible.

Cons: Blocked my account|No legitimate license|Fake returns

Something doesn't add up here

J
Jessica F.
2 months ago

I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that Promentum Limited has been flagged as an unauthorized entity. I informed my friend immediately. Please always verify with official sources - a quick search could save you thousands.

Pros: Website looks legitimate on the surface

Cons: Not registered with regulators|Unrealistic promises

Would give negative stars if possible

R
Richard P.
2 months ago

My card was charged twice by Promentum Limited on the same day. I had to dispute it with my bank. Promentum Limited then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.

Pros: Multi-currency support|Wide product range|Dividend tracking|API access

Cons: No phone support on weekends|Account statements could be more detailed

Completely disorganized operation

L
Lily W.
2 months ago

I trusted Promentum Limited with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.

Pros: Personal attention|Great customer service

Cons: Account statements could be more detailed

Absolutely dreadful

V
Victoria V.
3 months ago

My withdrawal request from Promentum Limited has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.

Pros: Comprehensive tools|Good analytical tools|Helpful community forum|Intuitive for beginners

Cons: No fractional shares|Help articles are sometimes vague

Do your due diligence first

S
Sophia K.
3 months ago

For anyone considering Promentum Limited, please be aware that this company has been flagged by Financial Markets Authority. This does not necessarily mean they are a scam, but it does mean they may not be authorized to operate in certain jurisdictions. I strongly recommend checking the official regulator website before making any investment decisions.

Cons: Appears in regulatory warnings database|Uncertain regulatory status

They should be ashamed

E
Elizabeth R.
4 months ago

I had high hopes for Promentum Limited after a family member had a good experience, but my experience has been disappointing. Customer support is slow, the platform has frequent issues, and their fee structure is not as transparent as advertised. I am actively looking for alternatives now.

Pros: Customizable dashboard|Dividend tracking|Multiple order types|Excellent charting

Cons: Email notifications too frequent|Wait times can be long during peak hours

Beyond frustrated

M
Monica W.
4 months ago

I wanted to transfer my portfolio from another broker to Promentum Limited. They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.

Pros: Fast support response|Risk management tools|Multiple order types|Wide product range

Cons: No dark mode on mobile

Support ghosted me

C
Catherine Z.
4 months ago

I am in a dispute with Promentum Limited over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.

Pros: Customizable dashboard|Segregated accounts

Cons: Charting tools need more indicators|Minor UI glitches occasionally

They blocked me after I invested

W
William L.
6 months ago

I invested $500 with Promentum Limited after seeing their professional-looking website. At first, everything seemed fine - they showed me impressive returns on my dashboard. But when I tried to withdraw, they kept making excuses. First it was "processing time," then "verification needed," then "you need to pay a tax fee first." I never got my money back. I have since reported them to Financial Markets Authority.

Pros: Initially responsive customer service

Cons: Cannot withdraw funds|Not regulated|Pressure tactics