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FGMarkets

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Operating status: SCAM

Website: http://www.fgmarkets.com

Broker violations and abnormal records
  • 2021-07-07 BrokersView has reviewed that FGMarkets is an unregulated forex broker

    FGMarkets claims to be a registered brand of Glastrox Trade Ltd, a licensed Investment Firm regulated by the Marshall Islands Registry (IRI) with authorization number 91438. However, we found that the alleged registration was annulled on March 22th, 2021. And please be informed that the Marshall IRI is not a government agency, nor a regulator, and does not regulate foreign exchange. All in all, FGMarkets is not regulated or overseen by any financial regulators. That means investors' funds in this broker are unsafe and cannot be protected by any laws. Therefore, it is a scam.

    FGMarkets claims to be a registered brand of Glastrox Trade Ltd, a licensed Investment Firm regulated by the Marshall Islands Registry (IRI) with authorization number 91438. However, we found that the alleged registration was annulled on March 22th, 2021. And please be informed that the Marshall IRI is not a government agency, nor a regulator, and does not regulate foreign exchange. All in all, FGMarkets is not regulated or overseen by any financial regulators. That means investors' funds in this broker are unsafe and cannot be protected by any laws. Therefore, it is a scam.

Related Complaints

Q&A

I want to know what licenses does FGMarkets has plz.

Matthias
Martinique
2022-09-05
ANSWER FGMarkets is not a licensed or regulated broker even though it states offers that look good to be true. FGMarkets claims to be a registered brand of Glastrox Trade Ltd, a licensed investment firm regulated by the Marshall Islands Registry (IRI) with authorization number 91438. We indeed find a match result to Glastrox Trade Ltd in IRI, but we found that the alleged registration was annulled on March 22th, 2021. And please be informed that the Marshall IRI is not a government agency, nor a regulator, and does not regulate foreign exchange.The truth is, FGMarkets is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like FGMarkets and trade with licensed brokers.
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Do i need to provide my identity verification upon registration ?

Oscar
Italy
2022-05-09
ANSWER FGMarkets is not under valid regulation and should be avoided at all events. FGMarkets claims to be a registered brand of Glastrox Trade Ltd, a licensed Investment Firm regulated by the Marshall Islands Registry (IRI) with authorization number 91438. However, we found that the alleged registration was annulled on March 22th, 2021. And please be informed that the Marshall IRI is not a government agency, nor a regulator, and does not regulate foreign exchange. All in all, FGMarkets is not regulated or overseen by any financial regulators. That means investors' funds in this broker are unsafe and cannot be protected by any laws. Therefore, it is a scam.We would recommend traders stay away from unregulated brokers like FGMarkets and trade with licensed brokers.
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