• Company name: GUM Ltd
  • Registration/license: Marshall Islands
  • Registration/license requirement: USD 2,000

Is Stern Markets a regulated forex broker or a scam?

no, Stern 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.

Stern Markets is a Forex and CFD broker owned and operated by GUM Ltd., based on the Marshall Islands. This company is also provides payment clearing and billing services for Stern Markets.

They provide British, German and Austrian phone numbers, which means the broker has been targeting EU residents without being authorized in those countries.

Although head office of the company is in Bulgaria. Moreover, the German Federal Financial Supervisory Authority has issued a warning against Stern Markets and GUM Ltd.

It is safer to trade with brokers regulated by UK’s FCA or Australia’s ASIC instead. For example, the license from 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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