The Spanish CNMV Added 5Markets into Its Warnings and Alerts On 21 Mar 2022, the CNMV issued a warning that 5Markets has not been authorised to provide investment services, you may visit: https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&nombre=UNCANNY%20SERVICES%20LTD

BrokersView has reviewed that 5Markets is an Unregulated Forex Broker 5Markets claims it is operated by Uncany Services LLC, a company registered in St. Vincent and the Grenadines under the registration number: 1499 LLC 2021. We did find a match result to Uncany Services LLC in the St. Vincent and the Grenadines Financial Services Authority (SVG FSA). But please be informed, SVG FSA does neither issue licenses for forex trading nor regulate any forex activities. This broker is merely a registered broker in SVG FSA that operates under no regulations.What's more, the Spanish National Securities Market Commission (CNMV) issued a warning that this firm has not been authorized to provide forex investments and services. So 5Markets is not regulated by any regulators. That means investors' money in this broker is unsafe and cannot be protected by any law. Therefore, it is a scam.

​The Italy CONSOB Added 5Markets into Its Warnings On 22 April 2022, the Italy Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning that 5Markets is not authorized to provide financial services in Italy. You may visit: https://www.consob.it/web/consob-and-its-activities/news-in-detail/-/asset_publisher/kcxlUuOyjO9x/content/press-release-of-22-april-2022/718268

BrokersView has found that 5Markets is using a new domain BrokersView found 5Markets is using a new domain "https://5markets.co/" to scam.

The Spain CNMV Warns 5Markets Again On 30 May 2022, the Spain Comisión Nacional del Mercado de Valores (CNMV) issued a warning that 5Markets is not authorised to provide the investment services in Spain. You may visit: http://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&sortExpression=Fecha&sortDirection=1&page=4

The Italy CONSOB Warns 5Markets Again On 7 Sep 2022, the Italy Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning that 5Markets is not authorized to provide financial services in Italy. You may visit: https://www.consob.it/web/consob-and-its-activities/news-in-detail/-/asset_publisher/kcxlUuOyjO9x/content/press-release-of-7-september-2022/718268

The British Columbia BCSC Added 5Markets into Its Warnings On 8 Nov 2022, the British Columbia Securities Commission (BCSC) issued a warning that 5Markets was not registered to trade in, or advise on, securities or derivatives in BC. You may visit: https://www.bcsc.bc.ca/enforcement/early-intervention/investment-caution-list/2022/5markets

BrokersView has found that 5Markets is not working On 9 Nov 2022, BrokersView found the domain https://5markets.co/ and https://www.5markets.io/ is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

I visited 5Markets main website and noticed their website is not encrypted. I am not sure if my safety is guaranteed when trading with them. Could you please verify this? 5Markets is NOT legit and should be avoided at all events. 5Markets claims to be owned and operated by Uncany Services LLC, a company registered with the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA) under the registration number: 1499 LLC 2021. We did find a matching result from SVG FSA, but please be informed that SVG FSA does not issue licenses for forex trading nor regulate any forex activities. So this broker is merely a registered broker operating under no valid regulation.What's worse, the Spain's regulator CNMV has added 5Markets to its alert list to warn the public that this firm is not authorised to provide the investment services in the country. You can check the full alert or warning here.As per the evidences above, our verdict is that 5Markets is thoroughly a scam on account of running its business without any relevant license approved by a reputable regulator. Therefore, we would recommend traders stay away from this broker and trade with licensed brokers. View Source