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

Please check BLX Markets, is it a scam? Dear Investor, BLX Markets appears to be a platform with a high propensity for fraud due to its lack of effective regulation. It provides no information regarding regulatory oversight or licensing, merely claiming to be registered in Saint Lucia. While BLX Markets Limited appears to have completed a registration with the Saint Lucia International Financial Centre (IFC), this registration only signifies the incorporation of an International Business Company (IBC). It does not constitute a valid broker's license, as the Saint Lucia IFC does not regulate foreign exchange or issue licenses to forex dealers. Furthermore, BLX Markets holds no authorization from any other recognized regulatory authority. Consequently, we strongly advise against trading with this type of unregulated broker to protect your funds. View Source