ANSWER eForex Markets is an unlicensed broker that we advise against trading with despite the seemingly attractive deals it offers.eForex Markets claims to be a trading name of eFX Markets Limited, a company authorized and regulated by Territory of British Virgin Islands under BVI Business Companies Act of 2004 with number 2011479. However, our search for this company in the registry of British Virgin Islands Financial Services Commission (BVI FSC) didn't yield any results. Therefore, eForex Markets operates outside regulatory frameworks.Regarding your question, we strongly suggest you avoid dealing with eForex Markets due to its status as an unlicensed broker. It carries significant risks including financial losses and identity theft as there are no rules in place to protect investors. As such, investors are encouraged to stay away from unlicensed brokers like eForex Markets and opt for fully regulated ones instead.
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