Risk scorecard
Each area is scored 0 (clean) to 10 (worst). Higher means more risk.
Regulation
8/10 · CriticalOnly an unconfirmable MISA (Comoros) licence, from a body the Comoros central bank disowns; a Belize number on record belongs to XTB International Limited.
Identity & transparency
6/10 · HighA legal entity, a Comoros registration number and addresses are disclosed, but the marketing site is down and a licence number belongs to another firm.
Withdrawals & conduct
4/10 · ModerateOne third-party review notes slow withdrawals and a fund-safety worry; no confirmed pattern of refused withdrawals across platforms.
Reputation
5/10 · ModerateVery thin footprint: no Trustpilot profile and a single mixed third-party review; no positive independent track record, and no regulator warning either.
Website claims
7/10 · HighAdvertises regulation it cannot substantiate and carries a Belize licence number registered to XTB International Limited.
Operational history
6/10 · HighDomain created June 2025, about one year old, with no verified predecessor or trading history; an upper bound, as the Comoros incorporation date is not public.
Who they are
A quick desk file on the company behind the brand.
- Brand: CSV Markets
- Legal entity: CSV Markets Limited (Company No. HT00325029)
- Registered: Bonovo Road, Fomboni, Island of Moheli, Comoros; an operations address is also given at Hang Fung Industrial Building, Hung Hom, Kowloon, Hong Kong
- Website: csvmarkets.com (marketing site currently returning a critical error); client portal at login.csvmarkets.com
- Only advertised licence: MISA (Comoros) number BFX2025045, which we could not confirm on the MISA register
- Also on record: a Belize FSC number 000302/316 whose base belongs to XTB International Limited
- Offers: forex, metals, commodities, indices and share CFDs on MT4 and MT5, leverage up to 1:1000, minimum deposit 100 USD
- Age claim: none stated; the domain was created in June 2025, about one year ago
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
Mwali International Services Authority (MISA)
Financial Services Commission (Belize)
Why we reached this verdict
How the evidence adds up.
Our verdict rests on a stack of problems that all point the same way.
- The regulation does not hold up. The only licence CSV Markets advertises is from the Mwali International Services Authority (MISA) in the Comoros. The Comoros central bank has publicly said MISA has no authority to license financial firms. The MISA public register of authorised brokerage companies does not list CSV Markets, and the number BFX2025045 does not appear on it.
- A licence number that belongs to someone else. The record for CSV Markets includes a Belize Financial Services Commission licence numbered 000302/316. The base of that number, 000302, is registered to XTB International Limited, a large London-listed broker, as XTB itself confirms in its own documents. A search of the Belize regulator register returns no CSV Markets whatsoever. Using another company's licence number is the core mechanic of a fake-regulation scam.
- Very short history. The domain csvmarkets.com was created in June 2025. There is no sign of any earlier trading history under this or a predecessor name.
- A broken shopfront that still takes money. The public website returns a critical error on every page, while the client portal at login.csvmarkets.com stays open for new registrations and deposits from clients worldwide.
- Thin, cautious reputation. There is no Trustpilot profile, and the one third-party review we found flags dismissive support, slippage and slow withdrawals, with the reviewer worried about the safety of funds.
No regulator has published a warning naming this firm, and no court or regulator has made a finding of fraud against it. We assess the risk of fraud as high on the evidence above, and because the operation is so young the score also reflects how little can be independently confirmed about it.
Evidence ledger
Every finding, with its source and how strongly it points.
E1The domain csvmarkets.com was created on 16 June 2025, making the operation about 15 months old.
StrongVerisign RDAPE2The MISA authorised-brokerage register runs only to December 2024 (last entry BFX2024235) and does not list CSV Markets or licence BFX2025045.
E3MISA is an offshore registrar the Comoros central bank has publicly said has no authority to license financial firms, offering little or no client protection.
E4The Belize FSC public register (509 records) returns no CSV Markets under any spelling, while number 000302 is registered to XTB International Limited (active, xtb.com).
E5XTB International Limited's own regulatory documents use the Belize licence base 000302 (000302/46, /185, /438, /35, /11), confirming that base belongs to XTB, not CSV Markets.
E6The csvmarkets.com marketing site returns a critical error site-wide, while login.csvmarkets.com is live and accepting new client registrations.
ModerateCSV Markets websiteE7A third-party review listing ties csvmarkets.com to CSV Markets Limited and the MISA licence, rating it 3.6 of 5 on a single review noting slow withdrawals and fund-safety worries.
ModerateBrokersViewE8There is no Trustpilot profile for csvmarkets.com, indicating a very thin client footprint for an operation soliciting deposits.
WeakTrustpilotE9No regulator warning-list entry naming CSV Markets or csvmarkets.com was found on the FCA or IOSCO lists at the time of writing.
ModerateFCA Warning List and IOSCO
The other side
The strongest case in this broker’s favour.
In fairness to CSV Markets, several innocent explanations deserve a mention.
- MISA licences are genuinely sold to brokers, and a 2025 licence number would not yet appear on a public list that currently ends in December 2024. The licence may be genuinely held even though it could not be confirmed.
- Offshore-only licensing is common and is not by itself proof of a scam. Hundreds of real brokers operate this way.
- The client portal still works, so the business is operating rather than abandoned, and the broken marketing site may be a technical failure.
- The single negative review describes service and trading-condition problems, not a confirmed theft of funds, and no regulator has issued a warning.
These points are why we land on likely scam rather than a stronger verdict. What we cannot explain away is a licence number that belongs to XTB and the absence of any regulation we could independently confirm.
What would change this
What we would need to see to revise the verdict.
We would revise this assessment if the facts changed.
- CSV Markets appearing on the MISA authorised-brokerage register under number BFX2025045, or on any recognised regulator register, would raise the score.
- Clear evidence that the Belize number 000302/316 was never presented by CSV Markets, or a proper explanation of it, would remove the identity-misuse finding.
- A restored, transparent website with consistent licence details and a working licence-verification link would help its case.
- A body of genuine, specific positive reviews across independent platforms describing successful withdrawals would move the reputation score down.
Any regulator warning naming csvmarkets.com, or a consistent pattern of refused withdrawals, would move it the other way toward a stronger verdict.
Check it yourself
Official registers and warning lists. Verify every claim first-hand.
Comoros MISA authorised-brokerage register
The Mwali (MISA) list of authorised brokerage companies; CSV Markets does not appear on it.
Belize FSC licensee register
Belize regulator's public register; CSV Markets is absent and number 000302 belongs to XTB International Limited.
FCA Warning List
UK regulator's list of unauthorised firms; worth checking before depositing with any broker.
XTB International Limited
The separate, larger broker that actually holds Belize licence base 000302.
Frequently asked questions
Quick answers about this broker’s safety.
Is CSV Markets a scam?
We assess CSV Markets as a likely scam. Its only advertised licence, from MISA in the Comoros, could not be confirmed, and its record includes a Belize licence number that belongs to XTB International Limited, a different company. Treat it with strong caution.
Is CSV Markets a fraud?
No court or regulator has made a finding of fraud against CSV Markets, so we do not state that as fact. On the evidence we found, including a licence number that belongs to another firm, we assess the risk of fraud as high.
Is CSV Markets regulated?
Only by MISA in the Comoros, an offshore body the Comoros central bank has publicly disowned. We could not find CSV Markets or licence BFX2025045 on the MISA register, and it is not on any major regulator register.
Can I withdraw my money from CSV Markets?
We cannot guarantee it. One review reports slow withdrawals and worries about fund safety. If a broker asks you to pay a fee or tax before releasing funds, that is a warning sign; do not pay it.
Is my money safe with CSV Markets?
A MISA licence offers little or no protection, there is no compensation scheme, and the regulation could not be verified. We would not consider client funds well protected here.
Who owns CSV Markets?
The operator is CSV Markets Limited, company number HT00325029, registered in Fomboni, Moheli, in the Comoros, with an operations address given in Hong Kong. No parent group is disclosed.
How old is CSV Markets?
The website domain was created in June 2025, so the operation is about one year old. We found no evidence of any earlier trading history.
What is a MISA licence worth?
Very little. MISA is an offshore registrar on a Comoros island, not a recognised financial regulator, and the Comoros central bank has said it has no authority to license financial firms.
Is CSV Markets a clone of XTB?
It does not copy XTB's brand or website, so it is not a straightforward clone. But a Belize licence number on its record, 000302/316, uses XTB International Limited's licence base, which is misleading.
Why is the CSV Markets website down?
The public site csvmarkets.com returns a critical error on every page. The client login portal still works and still accepts new sign-ups, so the business appears to be operating.
What should I do if I was scammed by CSV Markets?
Stop sending money, especially any fee or tax to release funds. Gather your records, contact your bank or card provider about a chargeback, and report it to your local financial regulator.
What should I check before depositing with any broker?
Confirm the licence number on the regulator's own register, check for warnings, look for genuine independent reviews describing successful withdrawals, and be wary of very new domains and high-leverage offers.
Scan history
How this broker’s safety assessment has changed across scans.
What changed since September 24, 2026
- September 24, 2026CurrentLikely scam72% risk
- September 24, 2026Likely scam75% risk
Past scans are archived snapshots kept for transparency and are not indexed by search engines.
What we recommend
The practical takeaway from everything above.
Treat CSV Markets with strong caution.
- Do not deposit money you are not fully prepared to lose. The regulation on offer gives you little or no protection.
- Verify any licence claim yourself on the regulator's own register before trusting it.
- If you already have funds with CSV Markets, test a small withdrawal before adding more, and keep records of every transaction and conversation.
- If a withdrawal is refused, or you are asked to pay a fee or tax to release your money, stop paying and report it to your local financial regulator and your bank or card provider.
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 24, 2026. If any detail here is out of date or incorrect, or you represent this broker, please contact us.
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