Broker Review

Unauthorised Firm Details

Name: Fotimarkets.com
Website: www.fotimarkets.com

Foti Markets is a trading brand operated by Foti Capital Ltd. It claims authorization under the Union of Comoros Offshore Finance Authority (UCOFA) with license number L15941. The company promotes itself as providing global market access, low-cost trading, and instant withdrawals.

Reputation & User Feedback

• The broker’s Trustpilot page shows an average rating around 2.9/5, with reports from users claiming issues such as delayed or blocked withdrawals and concerns about their operations.

• Independent evaluator tools assign low trust scores to the platform, citing recent domain registration, obscured ownership information, and associations with high-risk financial services.

• Some promotional writeups describe Foti Markets as an “A-book broker” with tight spreads, commission-free trading for certain accounts, and fast execution.

Key Concerns and Points to Verify

• Regulatory Authenticity: The claimed authorization via UCOFA is an offshore regulation that may not offer the same protections as respected financial regulators in major jurisdictions.

• Withdrawal Reliability: Numerous user reports suggest that accessing funds may not always go smoothly.

• Transparency Issues: The platform does not offer clear, verifiable information about its ownership structure, financial statements, or regulation in strong jurisdictions.

• Promotional Claims: Guarantees of instant withdrawals, commission-free trading, and extremely tight spreads should be scrutinized carefully in light of market realities.

Risk Considerations

Using Foti Markets involves the following risks:

• Loss of capital, especially if promised features (withdrawals, low costs) are not delivered.

• Difficulty in resolving disputes or recovering funds, given that the regulatory framework is not strong.

• Exposure to misleading marketing claims that may not reflect actual trading conditions.

• Limited legal recourse for users if the broker fails to adhere to its promises.

Summary

Foti Markets presents itself with many of the hallmarks of a modern online broker, including claims of global access, low costs, and fast services. However, red flags appear in the form of regulatory ambiguity, negative user reports, and aggressive promotional claims. Prospective users should approach with caution, verify all claims independently, and prefer brokers with strong, transparent regulation.