ANSWER Dear Investor,
Pure Market states that Pure M Global LTD is regulated by the Vanuatu Financial Services Commission (VFSC). We were able to locate this entity in the VFSC’s public register; however, the VFSC does not disclose or verify the domain names associated with its licensees, making it impossible to confirm definitively whether the Pure Market trading platform is genuinely linked to the licensed entity. Moreover, the VFSC is an offshore regulator with limited supervisory capacity and investor protections, which reduces the reliability of this authorization.
Second, Pure Market also claims that Pure Markets Africa is registered in the Comoros and regulated by the Mwali International Services Authority (MISA). Our search did return a listing under MISA for an entity associated with the website http://www.puremarket.global/, and the logo matches that of the Pure Market platform. However, the website itself does not explicitly clarify the relationship between the platform in question and itself, creating ambiguity about corporate structure and accountability. Furthermore, MISA is widely regarded as a very weak offshore regulator with minimal enforcement power and virtually no international recognition.
In summary, while Pure Market does appear to hold licenses with two offshore authorities, both jurisdictions offer limited oversight and inadequate investor safeguards. The lack of transparent linkage between the platforms also mean that material risks remain.
Therefore, we advise you to exercise caution if choosing to trade with this broker.
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