Quick Links

• Our Review Method

• Is Inmarket FX Scam or Legit Broker?

• What is Inmarket FX?

• Conclusion

Our Review Method ▲

In our rigorous review process, a team of seasoned financial specialists, boasting more than 20 years of experience in Forex trading, carries out an exhaustive evaluation of various trading services. Our team delves deep into the investigation of fees, assesses the trading platforms, and verifies adherence to regulatory standards. We also interact directly with customer support and conduct actual trades to gain a real-world understanding of the trading conditions. This comprehensive approach enables us to provide informed insights and advice on why we recommend avoiding Inmarket FX due to the issues we've identified.

Is Inmarket FX Scam or Legit Broker? ▲

Inmarket FX emerges in the crowded Forex market space as a broker under the ownership of Integrated Markets LLC. It bases its operations in Vanuatu, a locale notoriously recognized for its offshore brokerage licensing, which quite often serves as a red flag for potential investors. The critical issue with entities situated in offshore jurisdictions, such as the Republic of Vanuatu, is the lack of stringent regulatory oversight, often leading to the conclusion that such firms may operate without legitimate authorization, thereby posing significant risks to traders.

• About Inmarket FX

• Registered in: Vanuatu

• Type of License: Offshore License

• Is Inmarket FX safe to trade: No

• Recommended Licenses: FCA in UK & ASIC in Australia

The safety of trading with Inmarket FX is called into question due to its offshore registration and absence of a reputable license. Offshore entities are notoriously difficult to regulate and oversee, thereby significantly increasing the risk of fraudulent activities. Regulatory bodies such as the FCA in the UK and ASIC in Australia are often cited as benchmarks for trust and security in the Forex trading world, licenses which Inmarket FX does not possess.

What is Inmarket FX? ▲

Inmarket FX positions itself as a broker providing access to multiple financial markets, yet it operates without a credible regulatory license, being registered offshore in Vanuatu. This lack of a serious regulatory framework raises doubts about its legitimacy and safety as a trading platform.

Moreover, the broker's website exclusively supports Spanish, indicating a targeted approach towards Spanish-speaking residents. This targeting has not gone unnoticed; as evidence of regulatory concern, Spain's financial regulator issued a warning against Inmarket FX in October 2017. The warning highlighted that INTEGRATED MARKETS LLC (operating www.inmarketfx.com) is not authorized to offer investment services as per the securities laws applicable in Spain, casting further shadows on the broker's operations and intentions.

Conclusion ▲

Our exhaustive analysis and review process consistently points towards the importance of dealing with only those Forex brokers that hold a valid and reputable license. Unlicensed brokers, such as those operating from offshore jurisdictions like Vanuatu, often lead to a high risk of fraudulent activities, putting traders' investments at significant risk. The protection offered by regulatory bodies, such as the Financial Services Compensation Scheme by the FCA in the UK, underscores the safety net that comes with choosing a well-regulated broker.

Given the issues identified with Inmarket FX, including its lack of a credible license, targeted warnings from regulatory bodies, and its now-inactive website, we strongly advise traders to steer clear of Inmarket FX. Instead, traders should seek out brokers that are regulated by reputable authorities, ensuring a higher level of protection and security for their investments. Reliable brokers such as those regulated in the UK or Australia offer a more secure trading environment, backed by stringent regulatory standards and protection schemes.