ANSWER Regrettably, there are no indications that STEP Markets is subject to any regulatory supervision. Moreover, BrokersView has been receiving complaints from its customers who are seeking assistance in obtaining refunds.Despite claiming to be registered in Montenegro, the broker is not licensed by the country's Capital Market Authority (SCMN). This implies that it is operating within the country without the necessary authorization.Given its unregulated status, STEP Markets presents significant risks, including fraud and identity theft. Investors who engage with this unlicensed broker are not safeguarded by regulations should any issues arise. Consequently, we strongly advise investors to steer clear of STEP Markets. For a more secure trading environment, we recommend choosing brokers that are fully regulated.
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