ANSWER OD Markets is an UNREGULATED broker and should be avoided at all events. OD Markets claims to be owned and operated by a New Zealand-based company named OD Markets Limited whilst providing zero details about its regulation, which is the biggest red flag for potential traders. Besides, it is not regulated or overseen by any regulator when we checked on the New Zealand's Financial Markets Authority (FMA). Therefore, OD Markets is thoroughly a scam. We would recommend you to stay away from OD Markets and any other unregulated brokerages, since they are not subject to necessary laws and principles of operation, resulting in a high risk to trade with them.
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