Reported as a scam / unregulated
Why Foti Markets is on the register
Foti Markets claims to be based in the Comoros and states that it is a trading name of Foti Capital Ltd, which is authorized by the Union of Comoros Offshore Finance Authority (UCOFA). Our investigation reveals that it is actually regulated by the Anjouan Offshore Finance Authority (AOFA). This regulatory body is known for extremely weak oversight, offers very limited investor protection, and is widely regarded as lacking credibility. Furthermore, AOFA does not maintain a public registry of licensed brokers on an official website, significantly increasing the risks for investors. Notably, Foti Markets does not appear to be supervised or licensed by any recognized mainstream financial regulatory authority. Due to these serious concerns, we have classified Foti Markets as a fraudulent broker.
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.