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Gens Markets

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Operating status: SCAM

Website: https://www.gensmarkets.com/; https://www.gensmarkets.com/Home

Broker violations and abnormal records
  • 2023-07-24 The UK FCA issues a warning against Gens Markets

    On July 25, 2023, the Financial Conduct Authority (FCA) issued a warning against Gens Markets, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/gens-markets

    On July 25, 2023, the Financial Conduct Authority (FCA) issued a warning against Gens Markets, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/gens-markets
  • 2023-07-26 BrokersView has reviewed that Gens Markets is an unregulated broker

    Gens Markets fails to disclose its regulatory information and licensing data, which can be considered a scam indicator, as legitimate brokers always prominently display such information.

    Additionally, Gens Markets provides an address in the UK. If it were located in this country, it would be required to be authorized by the Financial Conduct Authority (FCA). However, the FCA has issued a warning against Gens Markets, saying it is an unauthorized firm.

    In essence, Gens Markets is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

    Gens Markets fails to disclose its regulatory information and licensing data, which can be considered a scam indicator, as legitimate brokers always prominently display such information.Additionally, Gens Markets provides an address in the UK. If it were located in this country, it would be required to be authorized by the Financial Conduct Authority (FCA). However, the FCA has issued a warning against Gens Markets, saying it is an unauthorized firm.In essence, Gens Markets is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

Related Complaints

Q&A

Please tell me more about commission.

Evgeny Rozhkov
Slovakia
2023-08-15
ANSWER We strongly suggest you drop the plan to engage with Gens Markets, a fraudulent platform coming with significant risks.Gens Markets fails to disclose its regulatory information and licensing data, which can be considered a scam indicator, as legitimate brokers always prominently display such information.Additionally, Gens Markets provides an address in the UK. If it were located in this country, it would be required to be authorized by the Financial Conduct Authority (FCA). However, the FCA has issued a warning against Gens Markets, saying it is an unauthorized firm.In essence, Gens Markets is an unregulated broker. To check a broker's regulatory information is more important than its commission, when making an investment decision. Due to its unlicensed status, investors dealing with this platform are exposed to fraud or identity theft, which could be financially and personally devastating. Therefore, we strongly suggest investors stay away from unlicensed brokers like Gens Markets and instead choose a fully regulated one.
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