ANSWER Dear Investor,
Cosmo Markets claims to be registered in Saint Lucia, and while we can confirm that Cosmo Markets Ltd. appears in the Saint Lucia International Financial Centre (IFC) registry, this registration only grants it International Business Company (IBC) status. It is crucial to understand that an IBC registration does not constitute a valid license for forex trading, and the Saint Lucia IFC does not regulate such financial activities.
Furthermore, Cosmo Markets also displays the name of a Mauritian branch, Cosmo Markets Pty Ltd (MU). However, our verification process with the Financial Services Commission (FSC) of Mauritius yielded no record of this entity. The absence of a license from the Mauritian FSC indicates that the company is not authorized to conduct financial services in that jurisdiction, rendering its claims of presence there misleading.
In conclusion, Cosmo Markets effectively operates without any valid regulatory oversight or legitimate licensing. Given the high risks associated with unregulated brokers, we strongly advise you to avoid trading with Cosmo Markets to ensure the safety of your funds.
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