NTW Markets does not display any regulatory information on its website, only stating that it is registered in Saint Lucia and has a physical address in India. We checked the Saint Lucia International Financial Centre (IFC) registry and did find a corresponding entry. However, this registration merely grants it International Business Company (IBC) status, which does not constitute a valid financial license. Importantly, the IFC has clearly stated that it neither regulates nor licenses forex trading activities. Second, India currently does not have a regulatory authority overseeing retail forex trading, meaning its operations in India also appear to be unregulated and offer no investor protection. Given that NTW Markets operates as an entirely unregulated entity with no credible oversight, NTW Markets carries the potential risk of being a scam.