Risk scorecard
Each area is scored 0 (clean) to 10 (worst). Higher means more risk.
Regulation
7/10 · HighHolds only a near-worthless offshore MISA licence (verified active) and dresses a St Vincent company registration as regulation; no tier-1 or tier-2 authorisation, and the Bank of Russia warns it operates illegally.
Identity & transparency
5/10 · ModerateReal, register-matched entity with disclosed St Vincent and Florida addresses, but owners and management are undisclosed, entity naming is inconsistent, and the registered address is a well-known mass-registration suite.
Withdrawals & conduct
4/10 · ModerateNo confirmed pattern of withdrawal refusals; several clients report prompt payouts and the one detailed dispute was resolved. Some unverified delay allegations appear on third-party sites.
Reputation
6/10 · HighIndependent review sites and a national regulator flag it as high-risk and unregulated, while its Trustpilot profile is suspiciously one-sided at 98 percent five-star.
Website claims
6/10 · HighOverstates a real but near-worthless offshore licence and presents a St Vincent company registration as FSA regulation; no fabricated tier-1 licence or guaranteed-profit claims were found.
Operational history
2/10 · LowGenuine, continuous operating history of about six years (domain and company both from 2020); longevity is verified, not merely claimed.
Who they are
A quick desk file on the company behind the brand.
Key facts about the operator behind blazemarkets.com:
- Brand: Blaze Markets
- Legal entity: Blaze Markets Ltd (also written Blaze Market Limited and Blaze Markets Limited)
- Registered: Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St Vincent and the Grenadines (a St Vincent IBC, number 26027 BC 2020); a further operational address is given in Boca Raton, Florida.
- Website: blazemarkets.com (registered September 2020)
- Only licence: Comoros MISA (Mwali) licence T2023183, issued 10 March 2023, shown active on the MISA register. It is an offshore permit with no meaningful protection.
- Offers: forex, metals, indices, CFDs and crypto on MetaTrader 4; deposits by wire, card processors and cryptocurrency (USDT, USDC, ETH).
- Not accepted: the site says it does not accept clients from the U.S., Iraq, Sudan, Syria and North Korea.
- Age claim: none stated on the site; the domain and the company both date to 2020.
Regulation
Who really oversees this broker, and what each licence is worth to you.
Proof of regulation on an official register: No
We could not confirm this broker on any genuine regulator’s register.
Licences the broker publishes
MISA (Mwali International Services Authority), Comoros
Financial Services Authority (FSA), St Vincent and the Grenadines
Why we reached this verdict
How the evidence adds up.
We reached a likely-scam assessment mainly because a national regulator has named this exact website, and because there is no real regulatory safety net behind client money.
- Regulator warning naming the domain. The Bank of Russia lists Blaze Markets LTD and blazemarkets.com on its warning list under the category of an illegal professional securities-market participant. That is a regulator publicly telling the public this exact site is operating illegally in its market.
- No meaningful regulation. The only licence is a Comoros MISA (Mwali) registration. MISA is an offshore registrar, not a working supervisor, and it offers no compensation scheme and no real oversight of client funds.
- St Vincent registration dressed up as regulation. The site says it is registered by the Financial Services Authority of St Vincent. That is only a company registration (an IBC). St Vincent does not license or supervise forex trading, so this wording overstates what the firm actually holds.
- Reviews look managed. Trustpilot shows 4.8 from 71 reviews with 98 percent five-star and almost no middle ground, plus a note that the company has not recently invited reviews. A near-perfect wall of praise is a weak safety signal.
- How we weighed it. The evidence-based score from our scorecard is 55 percent. Because a national regulator has warned about the exact domain, our rules lift the published figure to 70 percent, which places this in the likely-scam band. We did not find a confirmed pattern of stolen deposits, which is why the confidence is medium rather than high.
Evidence ledger
Every finding, with its source and how strongly it points.
E1The MISA (Mwali) register lists Blaze Markets Limited, licence T2023183, issued 10 March 2023, as Active, with website blazemarkets.com, confirming the operation is real and holds this offshore licence (not a clone), though MISA is a non-supervisory offshore registrar.
E2The Bank of Russia lists Blaze Markets LTD and blazemarkets.com on its warning list under the category of an illegal professional securities-market participant, added 14 September 2021.
E3Blaze Markets presents a St Vincent IBC registration (26027 BC 2020) alongside the Financial Services Authority name, but this is a company registration only; St Vincent does not license or supervise forex and CFD trading.
ModerateBlaze Markets regulation pageE4MISA is an offshore registrar on the autonomous Comoros island of Mwali rather than a functioning financial supervisor, so its licence confers no compensation scheme and no meaningful protection for client funds.
E5Trustpilot shows 4.8 from 71 reviews with an unusually one-sided 98 percent five-star distribution and a note of no recent history of asking for reviews; the one substantive complaint, a deposit-fee and stop-loss dispute, was resolved and the client confirmed a successful withdrawal.
ModerateTrustpilotE6Independent broker-review coverage rates Blaze Markets as unregulated and high-risk, citing the absence of any tier-1 or tier-2 authorisation.
E7blazemarkets.com was registered on 23 September 2020 and has operated as Blaze Markets since at least 2021, giving a genuine multi-year track record rather than a fresh throwaway domain.
E8No specific, checkable pattern of withdrawal refusals or fund theft was found across the platforms checked; reports of delays on third-party review sites are generic and unverified, while several users report same-day or next-day withdrawals.
E9The site lists a Boca Raton, Florida operational address and a US +1 646 phone number while stating it does not accept US clients, and it links to the official MetaTrader 4 app rather than a self-hosted terminal.
The other side
The strongest case in this broker’s favour.
In fairness, several things point away from an outright theft operation, and anyone deciding what to do should weigh them:
- The licence is real and the firm is not a clone. The MISA register lists Blaze Markets Limited with the exact website blazemarkets.com and licence T2023183 marked active. This is a genuine, identifiable operator, not a fake wearing another firm's credentials.
- It has a track record. The domain has been running as Blaze Markets since 2020, about six years, rather than being a throwaway site.
- Withdrawals appear to work for many clients. Multiple reviewers report same-day or next-day payouts, and even the one detailed complaint we found ended with the client confirming they were compensated and could withdraw.
- Real trading software. The site uses standard MetaTrader 4 from the official app store, not a self-hosted fake terminal.
- No confirmed fund-theft pattern. We did not find a specific, checkable cluster of withdrawal refusals. Reports of long delays on some review sites are generic and could not be verified.
What would change this
What we would need to see to revise the verdict.
Our assessment would move if any of the following came to light:
- Towards lower risk: a genuine tier-1 or tier-2 licence (for example FCA, ASIC or CySEC) that lists blazemarkets.com as an authorised website, and removal of the Bank of Russia warning.
- Towards higher risk: a specific, verifiable pattern of clients being blocked from withdrawing, or a demand for extra tax or fees before releasing funds. One credible case of that would be decisive.
- Also relevant: a warning from another major regulator naming the exact domain, or evidence that the MISA licence was withdrawn.
Check it yourself
Official registers and warning lists. Verify every claim first-hand.
MISA (Mwali) register, authorised brokerage companies
Lists Blaze Markets Limited, licence T2023183, as Active, the issuer's own record
Bank of Russia warning list entry
Flags blazemarkets.com as showing signs of an illegal securities-market participant
Blaze Markets regulation page
The broker's own statement of its MISA licence and St Vincent registration
Trustpilot reviews for blazemarkets.com
Customer reviews; note the heavily one-sided positive distribution
Frequently asked questions
Quick answers about this broker’s safety.
Is Blaze Markets a scam?
We assess it as high risk and likely a scam. It has no meaningful regulation and the Bank of Russia has placed its website on a public warning list. Some clients do report working withdrawals, so it is not a proven theft operation, but the risk is high.
Is Blaze Markets a fraud?
We did not find a court or criminal finding of fraud against this company, so we cannot state fraud as a fact. What we can say is that a national regulator, the Bank of Russia, warns it shows signs of an illegal securities-market participant, and we assess the risk of fraud as high.
Is Blaze Markets regulated?
Not in any meaningful way. Its only licence is a Comoros MISA (Mwali) offshore registration. It is not authorised by any tier-1 or tier-2 regulator such as the FCA, ASIC or CySEC.
What is the MISA licence worth?
Very little. MISA is an offshore registrar on the Comoros island of Mwali, not a working supervisor. It runs no compensation scheme and provides no real oversight of how client money is handled.
Is Blaze Markets registered in St Vincent and the Grenadines?
Yes, as an International Business Company (number 26027 BC 2020). But that is only a company registration. St Vincent does not license or supervise forex brokers, so the registration is not financial regulation.
Can I withdraw my money from Blaze Markets?
Several clients report being paid, including same-day crypto withdrawals. However, with no strong regulator behind the firm, there is no authority to force a payout if it refuses, so withdrawals carry real risk.
Is my money safe with Blaze Markets?
There is no client-money protection or compensation scheme. Your funds rely entirely on an offshore company that a national regulator has warned about. We would not consider money here well protected.
Who owns Blaze Markets?
The operator is Blaze Markets Ltd, a St Vincent company (also written Blaze Market Limited). The site does not name its owners or management team, and we could not identify the individuals behind it.
How old is Blaze Markets?
The website and the company both date to 2020, so it has operated for about six years. It is not a brand-new site.
Is Blaze Markets a clone of another broker?
No. The MISA register lists blazemarkets.com as the licence holder's own website, so this is a genuine operator rather than a fake copying a regulated firm.
Why is Blaze Markets on the Bank of Russia warning list?
The Bank of Russia lists blazemarkets.com as showing signs of an illegal professional securities-market participant, meaning it offers services to Russian residents without the required licence.
Is the FCA warning about Blaze Asset Management the same company?
No. That FCA warning names a different, unrelated firm called Blaze Asset Management. It is not blazemarkets.com, and we did not treat it as evidence about this broker.
What should I do if I was scammed by Blaze Markets?
Stop depositing, gather all your records, and raise a written withdrawal request. Contact your bank or card provider about a chargeback as soon as possible, and report it to your local financial regulator. Be wary of recovery services that ask for an upfront fee, as many are follow-up scams.
What we recommend
The practical takeaway from everything above.
For anyone considering or already using Blaze Markets:
- Treat this as a high-risk, effectively unregulated broker. There is no compensation scheme and no strong regulator standing behind your money.
- Do not deposit more than you can afford to lose, and be cautious about adding funds after any pressure to top up.
- If you hold a balance, test a small withdrawal before committing more, and keep records of every deposit, chat and ticket.
- Prefer brokers licensed by a tier-1 authority (FCA, ASIC, CySEC and similar) that names its own website on the regulator register.
- If you cannot withdraw, raise a formal complaint in writing, contact your bank or card issuer about a chargeback quickly, and report the matter to your local financial regulator. Be wary of recovery services that ask for an upfront fee, as many are follow-up scams.
This is an independent assessment of risk, not a legal ruling. Scores and verdicts follow the Wikilix broker-safety methodology and can change as new evidence appears. Review scores are treated with caution when a broker’s reviews look manipulated. Last reviewed September 13, 2026. If any detail here is out of date or incorrect, or you represent this broker, please contact us.