Fiber Markets is a forex broker established on May 25, 2023, in Saint Lucia. It primarily provides financial trading services in forex, stocks, commodities, indices, and cryptocurrencies to investors. The headquarters of Fiber Markets is located in Montenegro. The broker does not offer services in jurisdictions where it might contravene local laws or regulations, including but not limited to North Korea, the United States, Puerto Rico, Canada, Japan, Iran, Iraq, Lebanon, and Turkey.
Corporate Registration and Regulatory Status:
According to the public information on the official website of Fiber Markets, it is registered at the International Business Company and International Trust Registry (ifc) in Saint Lucia. The registered corporate entity is Fiber Markets Ltd, with the registration address at Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia, and the registration number is 2023-00204. The office address is Dzordza Vasingtona 98/2 Podgorica, Montenegro. The broker's website does not disclose any regulatory information.
Upon verification, an entity named Fiber Markets Ltd with registration number 2023-00204 can be found at Saint Lucia's International Business Company and International Trust Registry (ifc). However, this entity is not listed in the Financial Services Regulatory Authority (FSRA) of Saint Lucia, nor is it found in official financial regulatory agencies in other jurisdictions.
According to Whois information, the domain name of the broker's website was registered on June 27, 2016. As of January 23, 2024, the broker has been established for less than a year.
Account Opening:
Fiber Markets does not provide a real trading account opening and login portal on its website, only a demo account opening portal.
Account Types:
Fiber Markets offers three different types of real trading accounts: Swap Free Account, Fixed Account, and ECN Account. However, specific details such as initial minimum deposit amount, spreads, trading leverage, minimum/maximum trading volume, maximum position size, and trading commissions are not disclosed on the broker's website.
Trading Platform:
Fiber Markets has not disclosed the trading platform it offers to users.
Deposits and Withdrawals:
Fiber Markets supports deposits and withdrawals via bank transfers, credit cards, and electronic wallets.
Summary:
Traderknows reminds investors that Fiber Markets is an unregulated forex broker with no account opening and login portal on its website. Traderknows advises investors to stay away from Fiber Markets and to choose brokers that are transparent, well-regulated, and have a good reputation to avoid unnecessary financial losses.
Currently, Fiber Markets is marked as "suspected of fraud" on Traderknows.
