By Alain, from United Kingdom, August 31, 2020 at 09:05 PM

I would like to know if this broker is regulated as wrote on his website by SVGFSA, FCA and AMF, they try to find new customer online in France Also have you got any idea of the cost for a broker to be regulated by legislators Best regards

Answer: Hi Alain,

Gravity Market is a company located in Saint Vincent and the Grenadines and according to the website it is also regulated by the SVGFSA (Financial Services Authority Saint Vincent & The Grenadines). However, we would like to remind you that SVGFSA does not regulate Forex brokers.

As to the other broker’s regulations, it is not clearly stated or provided the registration numbers. For example, this statement from the website: “The FCA (Financial Conduct Authority) in London regulates the financial market dimension of the company.” does not mean the broker is regulated by the FCA. Of course, we did not find any mentions of this broker in the FCA’s register. Same story with Irish and French regulations, there is simply no such information on the websites and registers of the regulators.

We would recommend you to stay away from this broker and choose from reliable and well-regulated companies.

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