Fero Markets
We checked Fero 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
Fero Markets claims to be the trading name of Fero Markets Limited, a company supposedly incorporated and registered in St. Vincent and the Grenadines. However, our search for this company in the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA) didn't yield any matching results, casting doubts on its registration. Furthermore, the offshore financial watchdog has explicitly stated that it neither issues forex licenses nor regulates entities involved in such activities. Fero Markets Group UK Limited claims to be located in the UK, but our investigation suggests that it fails to seek authorization from the Financial Conduct Authority (FCA). Fero Markets Limited purports to be a New Zealand registered company with NZBN 942904987781 and operates as a registered Financial Services Provider (FSP403326). However, there are no records in the Financial Markets Authority of New Zealand (NZ FMA) matching the NZBN number the broker claims. And the FSP number in the NZ FMA register belongs to another real company. Such situation raises significant concerns over Fero Markets' legitimacy and authenticity. In essence, Fero Markets is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.
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 Fero Markets.
- Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.