BrokersView has reviewed that 51Markets is an Unregulated Forex Broker 51Markets claims it is the largest online broker in the US and it is regulated by the US Securities and Exchange Commission (SEC) and the US Financial Industry Regulatory Authority (FINRA). However, both SEC and FINRA are not financial regulators that approve licenses for forex traders. So please beware of brokers making such claims, since brokers eligible to offer derivatives services should have licenses approved by the financial regulator. Besides, 51Markets claims it is authorized and regulated by the US National Futures Association (NFA) with an NFA ID: 0540732. However, when we searched in NFA, we found 51Markets is not under valid regulation by NFA since it is not an NFA member. That means 51Markets is not regulated by any regulators. Investors' money in this broker is unsafe and cannot be protected by any law. Therefore, it is a scam.

BrokersView has identified that 51Markets's website is currently offline BrokersView found that the domain "https://www.51markets.com/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.

51Markets makes excuses not to withdraw money I made a profit but didn’t allow me to withdraw money. They said I was operating illegally and couldn’t trade. They deleted my account after a few months. View Source

51Markets maliciously deletes accounts Several of our colleagues used their mobile phones to place orders for several months. Recently, we made money, but the platform directly deleted our accounts and did not refund the principal. View Source