Is HispaMarkets Scam or Legit Broker?

We advise our readers, not to use HispaMarkets as it is an offshore entity. HispaMarkets is owned by Hispa Mkts LTD, which is an offshore company registered in St. Vincent and Grenadine. 

  • St. Vincent and the Grenadines is notorious for its practically absent requirements and regulations. Due to the setup cost being low, it does not regulate forex trading. Therefore, it became an offshore zone for shady forex brokers such as Brokerz, TraderUR, and more. You can read our detailed article about the risk of trading with brokers from St. Vincent and the Grenadines.

About HispaMarkets
🗺️ Registered inSt. Vincent and the Grenadines
🗺️ Type of LicenseOffshore License
🛡️ Is HispaMarkets safe to tradeNo
🗺️ Recommended LicensesFCA in UK 🇬🇧 & ASIC in Australia 🇦🇺
🖥 Alternative BrokerIC Markets - licensed by ASIC in Australia

What is HispaMarkets?

HispaMarkets is a Forex and CFD broker owned and operated by Hispa Mkts LTD affiliated to 1000 Extra LTD. Hispa Mkts LTD and 1000 Extra LTD are offshore companies registered in Saint Vincent and the Grenadines.

  • There is one more company mentioned on the website – 1000 Extra OU, a provider of clearing services provided for HispaMarkets. It is already quite suspicious that there are at least three firms behind the HispaMarkets brand, and none of these entities are regulated or licensed.
  • In addition, the main office is located in Argentina. There is also a small picture of the VSFC (Vanuatu Financial Services Commission) sign on the top of the website, although HispaMarkets has nothing to do with this authority.
  • The website supports several languages (English, Spanish, Italian, Portuguese, French, Arabic, and Chinese), but the default language is Spanish and also the broker’s name speaks for itself. That’s why we suppose the company has been targeting Spanish-speaking countries. To sum up, a broker with too many affiliate companies and confusing registration details definitely cannot be trusted.

HispaMarkets - official website

HispaMarkets Review Conclusion

It is important to remember that investing in offshore brokers such as HispaMarkets is extremely risky and a large percentage of offshore companies are in fact indulging in fraudulent practices. We advise selecting among FCA-regulated brokerages, ASIC-regulated or Swiss FINMA-regulated brokers as FP Markets and TMGM.

HispaMarkets Update

We found the HispaMarkets website inactive and unavailable to reach. This means the broker no longer operates. However, it is best to avoid and stay alert if any proposals come. 

No news available.

Leave a Reply

Your email address will not be published.

* code