Pure Market is a trading name of Pure M Global Limited and Pure Market LLC.
Pure M Global Limited is authorized and regulated by the Vanuatu Financial Services Commission (VFSC) with firm reference number 14801.
Pure Market LLC is registered in Saint Vincent and the Grenedines Financial Services Authority (SVG FSA) with registration number 168 LLC 2019.
First, please be informed that SVG FSA is not a regulatory body that issues licenses for forex trading or regulates entities engaging in forex services.
Second, VFSC is a popular offshore regulator among forex brokers as capital (or bond) requirements are relatively small. A Forex license covering the online activities of a brokerage is issued in 2-3 months, which is indeed extremely fast. Moreover, there is no income tax, capital gains tax and inheritance tax in the country. So VFSC-regulated brokers are actually not under as strong regulation as FCA, ASIC and NFA regulated brokers.
Most importantly, some shady brokers will falsely use the regulatory information of a licensed broker by VFSC, as this regulator provides neither authentication details nor domains of the registered company for traders to verify. Consequently, it is not a hundred percent sure that the licensed entity is the one that runs the business under the trading name of Pure M Global Limited. We would recommend exercising caution when dealing with VFSC- regulated brokers.
As for the question you asked, we recommend that you ask the official customer service for a more accurate answer. For more details on this broker, please check our full Pure Market review.
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