BrokersView has found that Cosmo Markets appears to be a scam Cosmo Markets does not claim to be licensed by any regulator; it only claims to be registered in Saint Lucia, and have an entity located in Mauritius. 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. Besides, a search within the official register of the the Financial Services Commission(FSC) in Mauritius shows no relevant record of Cosmo Markets, which means that this entity is unauthorised to conduct forex trading services in Mauritius. Being unregulated is a major red flag for a fraudulent operation. Therefore, Cosmo Markets appears to be a scam.

Cosmo Markets has regulation? Dear Investor, Cosmo Markets claims to be registered in Saint Lucia, and while we can confirm that Cosmo Markets Ltd. appears in the Saint Lucia International Financial Centre (IFC) registry, this registration only grants it International Business Company (IBC) status. It is crucial to understand that an IBC registration does not constitute a valid license for forex trading, and the Saint Lucia IFC does not regulate such financial activities. Furthermore, Cosmo Markets also displays the name of a Mauritian branch, Cosmo Markets Pty Ltd (MU). However, our verification process with the Financial Services Commission (FSC) of Mauritius yielded no record of this entity. The absence of a license from the Mauritian FSC indicates that the company is not authorized to conduct financial services in that jurisdiction, rendering its claims of presence there misleading. In conclusion, Cosmo Markets effectively operates without any valid regulatory oversight or legitimate licensing. Given the high risks associated with unregulated brokers, we strongly advise you to avoid trading with Cosmo Markets to ensure the safety of your funds. View Source