Review of Fiscal Markets: Investors Left Disappointed by fiscalmarkets.com

For a brokerage to genuinely empower traders, it must operate under proper regulation, not a flimsy offshore oversight. This Fiscal Markets review delves into the risks associated with investing in untrustworthy platforms and offers insight into fund recovery options.

Offshore Obscurity

Operating from small offshore tax havens, Fiscal Capital LTD, the owner of fiscalmarkets.com, claims registration in St. Lucia with an MWALI license, alongside offices in Dubai and India.

However, St. Lucia’s FSRA doesn’t regulate securities, rendering the MWALI license insufficient for ensuring fund safety through mechanisms like segregated accounts or compensation plans.

The claimed Dubai address lacks validation from the DFSA, underscoring the absence of Tier 1 licensing expected from a reputable broker.

These entities pose significant risks. Trader Trust EU utilizes impersonation tactics, emphasizing the importance of choosing regulated firms to safeguard funds.

Exposed Fraud Scheme

The fraudulent operation, initiated in August 2023 with fiscalmarkets.com, targets regions like the UAE and the UK. Utilizing boiler room agents, often posing as finance experts, the scheme lures victims into unrealistically profitable investment schemes, leading to capital theft.

Despite efforts to maintain a façade, reviews on platforms like TrustPilot reveal widespread scam warnings, mirroring similar fraudulent operations like GFE Markets.

Deceptive Pricing

Poorly supervised brokerages often tout high leverage as an advantage, reaching up to 1:400 depending on the account type, exposing investors to significant risks.

Starting spreads for EUR/USD are advertised at 1.8 pips, with undisclosed commissions and other hidden costs, signaling a lack of transparency.

Inadequate Tools

Fiscal Markets employs deceptive marketing tactics, promising advanced trading solutions but delivering disappointment and refund obstacles.

While promoting MetaTrader 5, they fail to provide proper access, limiting users to a Demo version.

Limited Asset Selection

Despite boasting a broad range of tradable assets, including Forex pairs, cryptocurrencies, commodities, and indices, the actual selection remains limited, with only a few instruments available.

Expensive Financial Plans

Fiscal Markets offers pricey account tiers with escalating benefits, including increased leverage and tighter spreads. However, the lack of confirmation on these features raises doubts about their value proposition.

Concealed Funding Options

Verification procedures precede exploring deposit options, and the absence of a Deposit & Withdrawal policy leaves users uninformed about transaction channels, fees, and processing times.

Sparse Customer Support

With limited contact options, including email and landline, and no live chat support, communication with the alleged customer service remains uncertain, reflecting the company’s disregard for customer satisfaction.

Seeking Expert Assistance for Scam Recovery

Fiscalmarkets.com operates as a blatant scam, evident in its dubious legal background and false advertising. Don’t allow them to abscond with your funds – schedule a free consultation with our experts today for 24/7 assistance in recovering stolen money!