MSAMARKETS is a forex broker registered in Saint Lucia on September 12, 2023, primarily providing investors with financial derivative trading services including forex, futures, cryptocurrencies, and contracts for differences (CFDs). The company's headquarters is located in London, United Kingdom. This broker does not provide services to jurisdictions that may violate local laws or regulations, including but not limited to the USA, Cuba, Iraq, Myanmar, North Korea, Sudan, etc.
Registration Information and Regulatory Status:
According to information on the official MSAMARKETS website, the company has registered entities in Belize, New Zealand, and Saint Lucia.
The broker's entity registered in Belize, MSA Global Markets, is authorized and regulated by the Belize International Financial Services Commission (IFSC), with a license number of IFSC/200/LLC/1719/23. The specific registered address is Office 503, Building 88, Goldson Highway, Belize City, Belize CA.
MSAMARKETS's entity in New Zealand, MSA MARKETS Limited, has a New Zealand Business Number (NZBN) of 96230499874. The registered address is Floor 10, 188 Quay Street, Auckland Central, Auckland 1010, New Zealand. This company is also registered as a financial services provider in New Zealand, with a license number of FSP2005417.
The broker's entity registered in Saint Lucia has a business number of 2023-00447, with the registered address at Ground Floor, The Sotheby Building, Rodney Bay, Gros-Islet, Saint Lucia PO Box 838, Castries, Saint Lucia.
Upon verification, neither the Belize Companies and Corporate Affairs Registry (BCCAR) nor the Financial Services Commission (FSC) could find an entity named MSA Global Markets or a license number of IFSC/200/LLC/1719/23. Additionally, another broker, Axes Fx, also claims this number as its Belize registration license number. Similarly, the New Zealand Financial Service Providers Register could not find an entity named MSA MARKETS Limited with the NZBN of 96230499874 and license number FSP2005417.
However, the name MSA Markets Ltd, with registration number 2023-00447, can be found in the Saint Lucia International Business Company and International Trust Registry (ifc). No registration information for MSA Markets Ltd could be found in the Financial Services Regulatory Authority (FSRA) of Saint Lucia or in any other jurisdiction's official financial regulatory bodies.
As of February 19, 2024, this broker was registered for less than a year. Moreover, according to a Whois search, the broker's official website domain was registered on September 9, 2023.
Account Opening:
To open an account with MSAMARKETS: Visit the broker's official website, click on “Get Started, Sign Up Now” on the homepage or “Sign Up” in the top right corner to enter the account registration page. Fill in personal information such as name, email, phone number as required and submit. After submitting the application, the broker will send a verification code to the email provided, and the account can be successfully registered upon entering the verification code.
Account Types:
The MSAMARKETS official website offers four different types of real trading accounts: ECN Account, Islamic Account, Professional Account, Corporate Account.
ECN Account:
- Spreads start from 0.3 pips
- Minimum deposit: $5000
- Leverage: 1:200
- Insurance: Enhanced fund insurance
Islamic Account:
- Spreads start from 0.7 pips
- Minimum deposit: $100
- Leverage: 1:500
- Insurance: Enhanced fund protection
Professional Account:
- Spreads start from 0.2 pips
- Minimum deposit: $50,000
- Leverage: High leverage
- Insurance: Up to $1,000,000 in enhanced fund insurance
- Dedicated account manager
Corporate Account:
- Spreads start from 0.1 pips
- Minimum deposit: $300,000
- Leverage: High leverage
- Insurance: Up to $5,000,000 in enhanced fund insurance
- Dedicated account manager available 24/7
Trading Platforms:
MSAMARKETS provides users with the MT5 and C-Trader trading platforms. However, the MT5 desktop download link provided on the broker's official website does not work, and the broker is not listed on the MT5 trading platform.
Deposits and Withdrawals:
MSAMARKETS enables users to make deposits and withdrawals via credit/debit cards, e-wallets, and cryptocurrencies.
Summary:
Traderknows reminds investors that MSAMARKETS is an unregulated forex broker suspected of engaging in false advertising. Traderknows advises investors to choose brokers with strong regulation and good reputation for investment activities to avoid unnecessary financial losses.
Currently, this broker is marked as "suspected of fraud" on Traderknows.
