BrokersView has found that Bein markets appears to be a scam Bein Markets claims to be the authorised representative of Royal ETP LLC, which is licensed by the Australian Securities & Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), and the Vanuatu Financial Services Commission (VFSC). However, we searched the official databases of these three regulators and found no results relating to the main company, let alone any verification of the status of Bein Markets' authorised representative. Furthermore, the only information available is that the aforementioned company is registered with the Financial Services Authority (FSA) of Saint Vincent and the Grenadines. However, this registration only represents the registration of International Business Company (IBC) status and is not equivalent to a trading licence. Therefore, it is highly likely that Bein Markets is a fraudulent broker.

What license does it have? Bein markets is an unlicensed broker that we advise against trading with despite the seemingly attractive deals it offers.Bein markets claims to be an authorized representative of Royal ETP LLC., a company registered with the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA) under registration number 149LLC2019. While we did find matching records in the SVG FSA register, investors should be aware that the offshore financial watchdog has explicitly stated that it neither issues licenses for forex trading or brokerage nor regulates entities involved in such activities. As such, the financial services or products offered by Bein markets remain unsupervised by the relevant regulatory body.Furthermore, Bein markets asserts that Royal ETP LLC is powered by Royal Group Holding, which supposedly holds licenses under the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), and the Vanuatu Financial Services Commission (VFSC). However, neither company exists in the registers of the aforementioned authorities, further undermining Bein markets' reliability.Regarding your question, Bein markets only has an SVG FSA registration license, which still cannot support its legitimacy. It is an unregulated broker coming with significant risks such as financial losses and identity theft, as there are no rules in place to safeguard investors. Therefore, to avoid such risks, we strongly suggest investors avoid unregulated brokers like Bein markets and choose a fully regulated one. View Source

Does Bein Markets offer a demo account? Dear investors, We do not recommend using Bein Markets for trading as it exhibits the typical characteristics of a fraudulent broker. Bein Markets claims to be the authorised representative of Royal ETP LLC, which is subject to supervision and licensing by the Australian Securities & Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), and the Vanuatu Financial Services Commission (VFSC). However, we searched the official databases of these three regulators and found no results relating to the principle company, let alone any verification of the status of its so-called authorised representative. The regulatory information claimed by Bein Markets is likely forged to mislead investors into trading on its platform. Furthermore, the only information available is that the aforementioned company is registered with the Financial Services Authority (FSA) of Saint Vincent and the Grenadines. However, this registration only represents the registration of International Business Company (IBC) status and is not equivalent to a trading licence. The SVG FSA has publicly announced that it neither regulates forex nor grants licences. Therefore, it is highly likely that Bein Markets is a fraudulent broker. We strongly recommend that you avoid investing with this suspicious company. View Source