Reported as a scam / unregulated
Why CEC Markets is on the register
CEC Markets claims it is an authorized broker under the registration number: 1368782-1, but does not mention where or which regulator it has registration. It is a red flag here. Besides, CEC Markets shows two company addresses on its website, one in Toronto, Canada and one in London, the UK. So we did searching in the UK Financial Conduct Authority (FCA) and the Investment Industry Regulatory Organization of Canada (IIROC). However, we did not find any match results to CEC Markets in FCA or IIROC. That means CEC Markets is not overseen by any regulators. Investors’ money in this broker is unsafe and cannot be protected by any law. Therefore, it is a scam.
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.