BrokersView
Search
Download
English
Sign In

51Markets

Save

Operating status: SCAM

Website: https://www.51markets.com/en/

Broker violations and abnormal records
  • 2022-04-27 BrokersView has reviewed that 51Markets is an Unregulated Forex Broker

    51Markets claims it is the largest online broker in the US and it is regulated by the US Securities and Exchange Commission (SEC) and the US Financial Industry Regulatory Authority (FINRA). However, both SEC and FINRA are not financial regulators that approve licenses for forex traders. So please beware of brokers making such claims, since brokers eligible to offer derivatives services should have licenses approved by the financial regulator.

    Besides, 51Markets claims it is authorized and regulated by the US National Futures Association (NFA) with an NFA ID: 0540732. However, when we searched in NFA, we found 51Markets is not under valid regulation by NFA since it is not an NFA member. That means 51Markets is not regulated by any regulators. Investors' money in this broker is unsafe and cannot be protected by any law. Therefore, it is a scam. 

    51Markets claims it is the largest online broker in the US and it is regulated by the US Securities and Exchange Commission (SEC) and the US Financial Industry Regulatory Authority (FINRA). However, both SEC and FINRA are not financial regulators that approve licenses for forex traders. So please beware of brokers making such claims, since brokers eligible to offer derivatives services should have licenses approved by the financial regulator.Besides, 51Markets claims it is authorized and regulated by the US National Futures Association (NFA) with an NFA ID: 0540732. However, when we searched in NFA, we found 51Markets is not under valid regulation by NFA since it is not an NFA member. That means 51Markets is not regulated by any regulators. Investors' money in this broker is unsafe and cannot be protected by any law. Therefore, it is a scam. 

Related Complaints

Complaints

comments

Be the first to review.
Rate and Review

Your review

App Store

Google Play

Company Shop Application About Us Our Methodology Privacy Policy Contact Us

Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.