ANSWER Dear Investor,
Range Markets claims to have registered companies in both St. Vincent and the Grenadines and South Africa. Regarding its South African entity, Range Markets SA (PTY) Ltd, the platform states that it operates as a juristic representative of TD Markets (Pty) Limited, which is regulated and licensed by the Financial Sector Conduct Authority (FSCA).
Upon investigation, we did locate TD Markets (Pty) Limited in the registry. However, since the FSCA does not register operational websites for its licensees, we are unable to confirm whether Range Markets is genuinely affiliated with them, and this regulatory status requires further verification.
As for St. Vincent and the Grenadines, there is no relevant regulatory authority for forex trading. Registration in this jurisdiction does not imply holding a local license or being subject to the supervision of a regulatory body.
Therefore, we advise you to exercise caution when considering engagement with this broker.
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