ANSWER Sapphire Markets is an unregulated broker that we advise against trading with despite the seemingly attractive deals it offers.Sapphire Markets claims to be operated by Sapphire Markets LLC, a company supposedly registered with the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA). While it is true that we found corresponding records in the SVG FSA register, investors must be aware that the offshore financial watchdog has explicitly stated that it neither issues forex licenses nor regulates entities involved in such activities. As such, the financial and investment services offered by Sapphire Markets remain unsupervised by the relevant regulatory body.Regarding your question, we would suggest you avoid dealing with Sapphire Markets since it is an unregulated broker. This is a trading platform coming with significant risks such as financial losses and identity theft, as there are no rules in place to safeguard investors. Therefore, to avoid such risks, investors are encouraged to stay away from unregulated brokers like Sapphire Markets and choose fully regulated ones instead.
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