ANSWER Dear Investor,
Seacrest Markets claims to be the trading name of Seacrest Markets (PTY) Ltd, which is authorised by the Financial Sector Conduct Authority (FSCA) under licence number 53315. A search of the FSCA’s licensing register does show a matching company. However, the FSCA does not publicly disclose the domain names or websites of its licensees, which makes it difficult to verify whether the firm in question is genuinely linked to the licensed entity.
Please also note that the FSCA is considered an offshore regulator with relatively lenient oversight and limited investor protection. This means that holding an FSCA licence alone does not provide comprehensive safeguards for your investments.
Therefore, we recommend that you exercise caution when dealing with Seacrest Markets. Be sure to conduct thorough due diligence before deciding to invest.
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