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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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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.