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Foti Markets

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Operating status: SCAM

Website: https://www.fotimarkets.com/

Broker violations and abnormal records
  • Aug 18, 2025 BrokersView has found that Foti Markets appears to be a scam

    Foti Markets claims to be based in the Comoros and states that it is a trading name of Foti Capital Ltd, which is authorized by the Union of Comoros Offshore Finance Authority (UCOFA). Our investigation reveals that it is actually regulated by the Anjouan Offshore Finance Authority (AOFA). This regulatory body is known for extremely weak oversight, offers very limited investor protection, and is widely regarded as lacking credibility. Furthermore, AOFA does not maintain a public registry of licensed brokers on an official website, significantly increasing the risks for investors. Notably, Foti Markets does not appear to be supervised or licensed by any recognized mainstream financial regulatory authority. Due to these serious concerns, we have classified Foti Markets as a fraudulent broker.

     

    Foti Markets claims to be based in the Comoros and states that it is a trading name of Foti Capital Ltd, which is authorized by the Union of Comoros Offshore Finance Authority (UCOFA). Our investigation reveals that it is actually regulated by the Anjouan Offshore Finance Authority (AOFA). This regulatory body is known for extremely weak oversight, offers very limited investor protection, and is widely regarded as lacking credibility. Furthermore, AOFA does not maintain a public registry of licensed brokers on an official website, significantly increasing the risks for investors. Notably, Foti Markets does not appear to be supervised or licensed by any recognized mainstream financial regulatory authority. Due to these serious concerns, we have classified Foti Markets as a fraudulent broker.

Related Complaints

Q&A

Is there any issue with Foti Markets?

Thomas Brown
Indonesia
Oct 27, 2025
ANSWER Dear Investor, Foti Markets claims to be headquartered in Comoros and operates under the name Foti Capital Ltd, allegedly authorized by the Union of Comoros Offshore Finance Authority (UCOFA). However, our investigation indicates that the correct regulatory body should be the Anjouan Offshore Finance Authority (AOFA). A search of AOFA’s license registry confirms the existence of a registered entity with a matching name. That said, the registry does not disclose the entity’s website or any associated brand names, making it impossible to independently verify whether the Foti Markets platform is genuinely linked to the licensed entity. Moreover, AOFA is widely regarded as a weak regulator, offering minimal investor protection and lacking credibility. It’s also worth noting that Foti Markets does not appear to be supervised or authorized by any mainstream financial regulatory authority. Given these serious concerns, we strongly advise against engaging with this broker.
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