Bein markets
We checked Bein markets against the AskCheck register. It has been reported (2022) and carries the red flags below. Treat it with extreme caution.
Why it’s flagged
What we found
Bein Markets claims to be the authorised representative of Royal ETP LLC, which is licensed by the Australian Securities & Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), and the Vanuatu Financial Services Commission (VFSC). However, we searched the official databases of these three regulators and found no results relating to the main company, let alone any verification of the status of Bein Markets' authorised representative. Furthermore, the only information available is that the aforementioned company is registered with the Financial Services Authority (FSA) of Saint Vincent and the Grenadines. However, this registration only represents the registration of International Business Company (IBC) status and is not equivalent to a trading licence. Therefore, it is highly likely that Bein Markets is a fraudulent broker.
Assessment source: FastBull BrokersView.
What to do next
- Stop sending money. Don’t make another deposit, pay a “tax” or “release fee”, or share remote-access to your device.
- Gather your evidence. Save statements, chat logs, transaction IDs and the wallet addresses you paid to.
- Report it to your regulator and to local police / action-fraud line so it’s on the official record.
- Add your report here so the next person searching this name is warned — report Bein markets.
- Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.