Reported as a scam / unregulated
Why Fx Markets is on the register
FX Markets claims that it is a group of companies which include First Prudential Markets Pty Ltd, an ASIC regulated provider of CFD and Forex trading services (ABN 16 112 600 281, AFS License No. 886351). BrokersView has reviewed that First Prudential Markets Pty Ltd is indeed a legit broker regulated and licensed by ASIC, FCA and CySEC. However, there is no mention of FX Markets and its domain in the regulatory details of First Prudential Markets Pty Ltd given by ASIC, FCA and CySEC. Furthermore, the customer service of First Prudential Markets Pty Ltd states that they have no business with FX Market. That means FX Markets may be a clone firm who illegally uses the details of regulated firms with which it isn’t related in any way.
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.