Unauthorised Firm Details

Name: Oscar Markets
Website: oscarmarkets.com

Oscar Markets Review — A Risky Broker with Many Red Flags

Oscar Markets styles itself as a modern, global broker offering access to forex, CFDs, cryptocurrencies, and more via popular platforms. The site projects authority, with claims of “strategic partnerships,” advanced tech, and low spreads under all market conditions. It even displays a “Regulations” section to give a veneer of legitimacy.

However, a closer look reveals numerous red flags and inconsistencies that suggest this is a broker to be extremely cautious with:

• Lack of Valid Regulation: Although the site lists a “Regulations” page, there is no evidence of oversight by recognized financial regulators. The platform is not listed in major regulator registries, raising questions about its legitimacy.

• Very New and Unproven: The domain was registered recently (mid-2024), indicating that Oscar Markets is a new operation with little track record. New brokers are inherently riskier, especially when combined with other red flags.

• Opaque Corporate Details: The site claims “Oscar Markets Limited” and gives purported addresses in Saint Lucia and a Dubai address, but these are not verifiable. The corporate registration number exists only on the site and is not independently confirmed.

• Poor Reputation & Complaint Patterns: On Trustpilot, Oscar Markets is rated 2.5/5 with many negative reviews. Several users report being unable to withdraw funds, promises that later change, and support becoming unresponsive once deposits are made.

• Scam Accusations in Broker Forums: Some independent review sites label the broker a “pseudo-broker,” pointing out that promotional claims and legal disclaimers are inconsistent or possibly copied from other sites.

• Potential Misuse of Office/Address Claims: The broker claims a UK-style London presence (addresses pointing to recognized financial districts), likely intended to mislead potential clients about its regulatory status.

Bottom Line: Oscar Markets exhibits many of the hallmarks of a high-risk or possibly fraudulent broker: lack of verifiable regulation, new domain, opaque business structure, complaint history, and mismatched claims. Approach with extreme caution. If you already have funds there, act to document everything and consider withdrawal or recourse options immediately.