Reported as a scam / unregulated
Why Salma Markets is on the register
Salma Markets claims to operate as Salma Markets LLC and states it is registered with the Financial Services Authority (FSA) of Saint Vincent and the Grenadines. While our finding can prove this, please note that this registration only confers International Business Company (IBC) status. Importantly, such registration does not equate to financial licensing. The SVG FSA has explicitly clarified that it does not regulate or license foreign exchange brokers, meaning this registration offers no regulatory oversight or investor protection. As a result, Salma Markets operates without a valid license from a credible financial regulator. This absence of proper regulation is a significant warning sign of potential fraudulent activity.
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 to the right next step. 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.