Scala Markets claims to be an experienced broker while presenting neither details about its regulations nor legal documents (terms & conditions, risk disclosure, and privacy policy, etc.). Lacking such information may be a distinct characteristic of unlicensed brokers, as legit brokers always present their accreditation and licenses in a prominent position. It is a red flag here.

Besides, Scala Markets shows its company address is in Ukraine. As per the information we hold, Ukraine currently has no regulatory body that issues licenses for forex trading or regulates entities engaging in forex.

The truth is, Scala Markets is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.