Reported as a scam / unregulated
Why Fero Markets is on the register
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.
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.