Broker Review

Unauthorised Firm Details

Name: Mishovmarkets
Website: www.mishovmarkets.com

Overview

Mishov Markets positions itself as an innovative forex broker, claiming to be the world’s first “Self-Regulated Organization” (SRO) in the brokerage industry. The company asserts over a decade of experience and offers trading across various instruments, including forex, indices, commodities, and cryptocurrencies.

Regulatory Status

Unregulated: Mishov Markets claims to be registered in Saint Lucia; however, this registration does not equate to a financial services license. The Saint Lucia International Financial Centre (IFC) does not regulate forex trading activities, meaning Mishov Markets is not subject to the oversight typically required for financial service providers. The company’s assertion of being an SRO is not recognized by major financial regulatory authorities.

Risk Assessment

High Risk: Engaging with Mishov Markets poses several risks:

• Lack of Regulation: Operating without oversight from recognized financial authorities increases the risk of fraud and malpractice.

• Withdrawal Issues: Reports of difficulties in withdrawing funds suggest potential liquidity problems or operational inefficiencies.

• Transparency Concerns: Limited information about the company’s ownership, physical address, and regulatory status contributes to a lack of trustworthiness.

Conclusion

Considering Mishov Markets’ unregulated status and inconsistent customer feedback, potential investors should exercise precaution. To avoid financial risks, it is recommended that you investigate alternative brokers with proven regulatory control and public operation.