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ScroMarket

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Operating status: SCAM

Website: https://scromarket.com/

Broker violations and abnormal records
  • 2024-06-03 BrokersView has reviewed that ScroMarket is an unregulated broker

    According to its website, it is located in the USA. Upon investigation, no matching information was found in the National Futures Association (NFA).

    In essence, ScroMarket is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.

    ScroMarket appears to be a scam.

Related Complaints

Q&A

I'm not sure about ScroMarket's license. Please help me.

Mark Schonken
South Africa
2024-06-05
ANSWER ScroMarket is an unlicensed brokerThe broker presents a vague claim of being licensed by a Financial Services Authority. However, it fails to specify the jurisdiction under which it falls, thereby obstructing the verification of this claim. Considering its alleged location in the US, we undertook a search in the National Futures Association (NFA) register, in line with US financial regulations. The absence of any matching records implies that ScroMarket is not under the NFA's supervision.ScroMarket's operation in an unregulated environment poses significant risks to investors. To protect their hard-earned money from potential fraud schemes, investors are strongly advised to steer clear of ScroMarket and instead, choose brokers who are fully regulated.
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