Reported as a scam / unregulated
Why Funda Markets is on the register
An investigation into Funda Markets reveals that its claims of regulatory oversight are unsubstantiated. Although the firm displays an NFA license, no such registration exists in the NFA’s official records. It states it is operated by FM Limited and regulated by the St. Vincent & the Grenadines Financial Services Authority (SVG FSA), but the SVG FSA has publicly clarified that it does not regulate forex trading entities, and while a related entity, FunDa Markets Limited, is listed, this does not imply legitimate oversight. Additionally, its Money Services Business (MSB) registration with Canada’s FINTRAC is valid but does not constitute regulatory supervision of forex activities. Overall, Funda Markets is not regulated by any credible financial authority, posing substantial risks to investors.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.