BrokersView has found that Artsmrkts appears to be a scam Artsmrkts does not claim to be licensed by any regulator; it only claims to be registered in Saint Lucia. While we can confirm that there is a company with the same name in the Saint Lucia International Financial Centre (IFC) registry, this registration only grants it International Business Company (IBC) status. This does not constitute a valid financial licence. The IFC neither regulates nor licences forex trading activities. Being unregulated is a major red flag for a fraudulent operation. Therefore, Artsmrkts appears to be a scam.
Artsmrkts
VisitRisk Level - High
Artsmrkts
Risk Level - High
Scam Evidence & Warnings
Is Artsmrkts's slippage high??? Dear Investor, We do not recommend trading with Artsmrkts due to its lack of reliable regulation. Artsmrkts has not provided any regulatory or licensing information, merely presenting registration details in Saint Lucia. Although we were able to locate an entity named Artsmrkts Ltd. in the Saint Lucia International Financial Centre (IFC) system, this only signifies that the company has completed an International Business Company (IBC) registration and does not hold any licenses. The Saint Lucia IFC does not regulate forex trading, nor does it issue licenses to brokers. Furthermore, Artsmrkts has not disclosed any other regulatory information, leaving us with no way to verify its legitimacy. It appears that Artsmrkts holds no valid licenses and therefore poses a high risk. We strongly advise you to avoid trading with such unlicensed brokers until they can obtain proper regulatory authorization. View Source
Is there any welcome bonus for new players at Artsmrkts? Artsmrkts is a company registered in the Saint Vincent and the Grenadines Financial Services Authority (SVG FSA) that provides retail and institutional Foreign Exchange services to investors trading Forex, Commodities, and other tradable instruments as part of their investment portfolio. However, SVG FSA does neither issue licenses for forex trading nor regulate brokers offering forex activities. For more details on this broker, you can check our full Artsmrkts review.We keep on reminding traders to be wary of offshore brokers in SVG as they don't provide any funds protection as well as withdrawals guarantee. If you are looking for brokers to deal with, we would recommend brokers regulated by top-tier regulators like FCA, CySEC, ASIC, etc. View Source
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