• Company name: BT Systems LTD
  • Registration/license: Marshall Islands
  • Registration/license requirement: USD 2,000

Is FXC Markets a regulated forex broker or a scam?

no, FXC Markets broker is Non-Regulated Broker. It is NOT SAFE to trade.while we checked the company there is no authorization or registration of the address, therefore the company seems to be highly suspicious while might operate its services from an absolutely different location.

FXC Markets is a Forex and CFD brokerage owned and operated by BT Systems LTD, registered in the Marshall Islands. The Marshall Islands is an offshore destination where usually brokerage services are not regulated.

The company doesn’t provide much information, only two contact numbers – British and Spanish one. Usually, this means the brokers that are not regulated in Europe are targeting EU residents.

In a case with FXC Markets, it is not under the oversight of the UK’s financial regulator – the Financial Conduct Authority (FCA) nor Spain’s National Securities Market Commission (CNMV).

Moreover, the broker was blacklisted by the Italian CONSOB. It is safer to trade with brokers regulated by UK’s FCA or Australia’s ASIC instead.

For example, the license from the UK’s Financial Conduct Authority requires EUR 125,000 of capital for the STP license aside from client deposits. Check the list of the FCA-regulated brokers here.

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