Is Assexmarkets a scam?

• Brand: Assexmarkets (also written AssexMarkets)
• Legal entity: Assexmarkets Global Ltd, named in the terms as AssexMarkets Global Limited. The homepage copyright line reads AssexMarkets Ltd.
• Registered: Ground Floor, The Sotheby Building, Rodney Bay, Gros-Islet, Saint Lucia, with a post box in Castries. A second entity of the same name is said to be registered at Bonovo Road, Fomboni, Mohéli, Comoros.
• Website: assexmarkets.com, with live client portals at my.assexmarkets.com and my.assexmarket.com
• Only licence: none confirmed. Two authorities are named: a Saint Lucia IBC registration presented as FSRA authorisation, and an unconfirmed MISA licence from the Comoros.
• Offers: CFDs on forex, metals, indices, energies, stocks and crypto on MetaTrader 5, from a $10 minimum deposit, with copy trading and PAMM. One account tier advertises unlimited leverage.
• Not accepted: the site excludes the United States, Pakistan, Iraq, Iran and Uzbekistan. In September 2026 the company published a video on its own channel titled 'Assexmarkets is not available to Nigerians', although Nigeria does not appear in the exclusion list on the site.
• Age claim: no founding year is published, but the site has called itself 'an established ECN forex broker' since the week it launched in June 2024.

Two things decide this case: the broker takes deposits with no licence anyone can verify, and the people who made money say they could not get it out.

• The Saint Lucia claim is not regulation. The footer says Assexmarkets Global Ltd is 'authorised by the Financial Services Regulatory Authority (FSRA) in St. Lucia' under the IBC Act with registration number 2024-00223. An IBC number records that a company exists on paper. It carries no capital requirement, no client-money rules and no conduct supervision. The FSRA keeps a published warning notice on forex trading precisely because firms use its name this way, and forex business is not licensed in Saint Lucia at all.
• The Comoros licence comes from a body its own central bank disavows. The footer claims MISA licence BFX2025110. In a communiqué carried by the Comoros Ministry of Finance, the Central Bank of the Comoros lists the Mwali International Services Authority among fictitious structures and states that approving banks and financial institutions operating in the Comoros is its exclusive responsibility, with all other licensing bodies illegal. We could not confirm that this licence number exists on any record.
• The contract points at a country where the firm is not authorised. The terms are governed by the laws of the Republic of South Africa and submit clients to the exclusive jurisdiction of South African courts. A search of the FSCA register of authorised financial services providers returns no match for this firm. Clients are therefore contracting under the law of a jurisdiction whose licence the operator does not hold.
• The money complaints share one mechanism. Across Trustpilot, an independent broker-review publication and a third-party broker directory, the same failure recurs: deposits go in quickly, then a withdrawal of profit triggers a blocked account or an altered trade result. One trader describes $56,000 of profit on a single oil position refused, the account closed, and an accusation of fraud levelled at him after he supplied bank details and a video of himself. Another reports roughly $9,000 frozen without explanation, another $400 deducted from a $1,005 deposit without consent, and several describe stop-outs on trades that never reached their stop loss, one of them checked against a duplicate account that behaved differently. The reports are time-clustered between May and August 2026, come from more than two platforms, and carry amounts, dates and screenshots. All four tests of a genuine pattern are met.
• The contract contains the mechanism the complaints describe. Section 6 of the terms bans Expert Advisors, scripts, any software that submits orders without manual intervention, and copy-trading signals routed through automated execution. The stated consequences are permanent blocking without notice, 'forfeiture of all trading profits' and 'reversal of any pending withdrawal requests', applied at the company's sole discretion. The same site markets Expert Advisors, MetaEditor automation, copy trading and PAMM. Clients are sold the very activity that gives the operator a discretionary route to cancel their profits.
• The marketing is not true. The client protection page tells readers that if they wondered whether Assexmarkets is legitimate, they can rest assured it is 'a licensed broker, regulated by leading international governing bodies globally'. The deposits page calls the firm 'the biggest retail multi-asset broker in the world'. The homepage advertises 100,000 active traders and PCI DSS certification, and presents as 'real-time reviews from our users' a set of testimonials that are template placeholder identities, each repeated twice. The company's own video channel describes it as 'a regulated broker'.
• Reputation has been actively managed. Trustpilot has removed fake reviews posted for this company and suspended its rating for a breach of guidelines. The surviving distribution is 52 percent one-star against 36 percent five-star with almost nothing in between, and the five-star entries cluster in a single late-May 2026 window from accounts with one review each. One trader states plainly that the firm pays influencers to promote it, which matches an affiliate pipeline run through Nigerian trading personalities.
• Nobody can tell where this operation actually is. The contact page gives an email address and a United Kingdom mobile number, with support hours in West Africa Time, and no office address. A second United Kingdom mobile appears on third-party records. Payments route through a Nigerian processor. The address the company supplied to Trustpilot combines Al Quoz Industrial Area in Dubai, Castries in Saint Lucia and a country field reading Saudi Arabia. Four jurisdictions appear across the registration, the governing law, the phone numbers and the payment rail, and no owner or director is named anywhere.
• The operation is young. assexmarkets.com was registered on 4 June 2024 and first archived six days later, so the track record is about two years and four months. The Saint Lucia IBC register is not publicly searchable and the entity does not appear in cross-jurisdiction company data, so the company could not be dated from a registry and this figure rests on the domain record as an upper bound. A young operation deserves the fuller review rather than the benefit of the doubt, and it got one here.

No regulator has published a warning naming this broker or its website, and it is not wearing another firm's licence. That is why this is our assessment rather than a regulator's finding, and why the verdict is likely rather than confirmed.