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Fargo Markets

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Operating status: SCAM

Website: https://www.fargomarkets.com/

Broker violations and abnormal records
  • 2024-09-18 The Swiss FINMA adds Fargo Markets to its warning list

    On September 19 2024, the Swiss Financial Market Supervisory Authority (FINMA) issued a warning against Fargo Markets, stating that this broker is not entered in its commercial register. https://www.finma.ch/en/finma-public/warnungen/warning-list/fargo-markets/

    On September 19 2024, the Swiss Financial Market Supervisory Authority (FINMA) issued a warning against Fargo Markets, stating that this broker is not entered in its commercial register. https://www.finma.ch/en/finma-public/warnungen/warning-list/fargo-markets/
  • 2024-09-19 BrokersView has reviewed that Fargo Markets is an unregulated broker

    According to its website, it is located in the Switzerland. Upon investigation, we found that the Swiss Financial Market Supervisory Authority (FINMA) issued a warning against Fargo Markets, stating that this broker is not entered in its commercial register.

    In essence, Fargo Markets is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.

    Fargo Markets appears to be a scam.

    According to its website, it is located in the Switzerland. Upon investigation, we found that the Swiss Financial Market Supervisory Authority (FINMA) issued a warning against Fargo Markets, stating that this broker is not entered in its commercial register.In essence, Fargo Markets is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.Fargo Markets appears to be a scam.

Related Complaints

Q&A Complaints

Is Fargo Markets a licensed platform?

Stephen K
Namibia
2024-09-23
ANSWER Dear Investor,We are concerned that Fargo Markets is an unlicensed trading platform.The company does not provide valid licensing information to substantiate its legitimacy. While it claims to operate in Switzerland, the Swiss Financial Markets Authority (FINMA) has issued a warning about Fargo Markets for not being in the commercial register.Therefore, we strongly suggest you avoid using Fargo Markets due to its unlicensed status. For a safer trading environment and peace of mind, we recommend opting for fully regulated brokers.
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1 comments

Ashley Goliath
Fargo markets owns me $3984 and wants me to pay up $860 for a so called tax clearances, and now the app is locked and can't open anymore.
2024-10-13
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