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

Coral Markets allow scalping? Dear Investor, Coral Markets is not a reliable trading platform. It has not disclosed any regulatory or licensing information, merely claiming to be registered in Saint Lucia. Upon searching the Saint Lucia International Financial Centre (IFC) registry, we did locate a company named Coral Markets Limited. However, please note that this only signifies its incorporation as an International Business Company (IBC) and does not mean it holds any valid regulatory licenses. The Saint Lucia IFC has publicly stated that it neither regulates forex trading nor issues any broker licenses. Therefore, we strongly advise you to avoid trading with Coral Markets until it obtains a valid regulatory license. View Source