No, EXPERT MARKETS (XPERT MARKETS) is not a reliable forex broker to trade with, regardless of how tempting the deals it offers.
The regulatory status of EXPERT MARKETS (XPERT MARKETS) has caused concerns. This website says Xpert Markets is a company registered with the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA) under number 2399LLC2021. However, there is only a registration number, 2399LLC2022 held by a company called CryptoBattles LLC, in the SVG FSA register. This inconsistency is a red flag. What's more, there isn't any solid evidence to prove that EXPERT MARKETS (XPERT MARKETS) has an association with the registered one. Even if EXPERT MARKETS (XPERT MARKETS)'s registration were true, it is still an unsupervised broker, as the SVG FSA neither regulates forex trading activities nor issues licenses for entities involved in such activities.
Additionally, the Comisión Nacional del Mercado de Valores (CNMV) has added EXPERT MARKETS (XPERT MARKETS) to its warning list for providing investment services without authorization. You can read here for more details.
Therefore, it is recommended to choose a fully regulated broker instead. EXPERT MARKETS (XPERT MARKETS) poses significant risks, such as fraud and identity theft, to potential investors. This negative situation is due to its lack of oversight. No rules in place to safeguard traders dealing with it.
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