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Fero Markets

Operating status: SCAM

Website: https://feromarkets.com/#

Broker violations and abnormal records
  • Jun 24, 2023 BrokersView has reviewed that Fero Markets is an unregulated broker

    Fero Markets claims to be the trading name of Fero Markets Limited, a company supposedly incorporated and registered in St. Vincent and the Grenadines. However, our search for this company in the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA) didn't yield any matching results, casting doubts on its registration. Furthermore, the offshore financial watchdog has explicitly stated that it neither issues forex licenses nor regulates entities involved in such activities.

    Fero Markets Group UK Limited claims to be located in the UK, but our investigation suggests that it fails to seek authorization from the Financial Conduct Authority (FCA).

    Fero Markets Limited purports to be a New Zealand registered company with NZBN 942904987781 and operates as a registered Financial Services Provider (FSP403326). However, there are no records in the Financial Markets Authority of New Zealand (NZ FMA) matching the NZBN number the broker claims. And the FSP number in the NZ FMA register belongs to another real company. Such situation raises significant concerns over Fero Markets' legitimacy and authenticity.

    In essence, Fero 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.

    Fero Markets claims to be the trading name of Fero Markets Limited, a company supposedly incorporated and registered in St. Vincent and the Grenadines. However, our search for this company in the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA) didn't yield any matching results, casting doubts on its registration. Furthermore, the offshore financial watchdog has explicitly stated that it neither issues forex licenses nor regulates entities involved in such activities.Fero Markets Group UK Limited claims to be located in the UK, but our investigation suggests that it fails to seek authorization from the Financial Conduct Authority (FCA).Fero Markets Limited purports to be a New Zealand registered company with NZBN 942904987781 and operates as a registered Financial Services Provider (FSP403326). However, there are no records in the Financial Markets Authority of New Zealand (NZ FMA) matching the NZBN number the broker claims. And the FSP number in the NZ FMA register belongs to another real company. Such situation raises significant concerns over Fero Markets' legitimacy and authenticity.In essence, Fero 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.

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