BrokersView has found that Ascends Global Markets appears to be a scam Ascends Global Markets 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, Ascends Global Markets appears to be a scam.

Have you checked Ascends Global Markets? Dear Investor, Ascends Global Markets is an unreliable and unsafe broker, primarily due to its lack of proper regulatory credentials. While the platform claims to be one of the best brokers in UAE, our investigation reveals that none of the major UAE regulatory bodies, such as the UAE Securities and Commodities Authority (SCA), the Central Bank of the UAE (CBUAE), or the Dubai Financial Services Authority (DFSA), have any record of Ascends Global Markets. The only registration we could locate for the platform is with the Saint Lucia International Financial Centre (IFC). However, it is crucial to note that this merely grants the entity International Business Company (IBC) status. The Saint Lucia IFC does not regulate forex trading activities, nor does it issue legitimate brokerage licenses. Consequently, Ascends Global Markets operates without any valid regulation or licenses, presenting an extremely high risk. We strongly recommend that you avoid any engagement with this platform. View Source