Risk scorecard
Each area is scored 0 (clean) to 10 (worst). Higher means more risk.
Regulation
7/10 · HighNo financial licence anywhere; a 'Regulated Broker' badge with no regulator or number, backed only by a Saint Lucia company registration that is not regulation and is not FSRA authorised.
Identity & transparency
8/10 · CriticalFooter prints the registration agent rather than the operating entity; legal pages are dead links; contact is a UK mobile and WhatsApp; ownership undisclosed.
Withdrawals & conduct
8/10 · CriticalConsistent fund-integrity pattern across multiple platforms: deposits taken, withdrawals blocked or refused, with named amounts including a disputed 6,000 US dollars.
Reputation
8/10 · CriticalOverwhelmingly negative independent coverage; Trustpilot rating removed for a guidelines breach, indicating review manipulation.
Website claims
9/10 · CriticalMultiple false or unverifiable claims: 'Regulated Broker' while unlicensed, 'Since 2021' against a 2024 domain, an unverifiable Dubai 2024 award, and instant-withdrawal promises its customers contradict.
Operational history
7/10 · HighComputed track record about two years (domain April 2024, entity registered 2024); under three years and materially overstated as 2021.
Who they are
A quick desk file on the company behind the brand.
- Brand: Fizmo FX Markets
- Legal entity: Fizmo Fx Markets Limited (the footer instead prints its Saint Lucia registration agent, Fortgate Offshore Investment and Legal Services Ltd)
- Registered: Rodney Bay, Saint Lucia, Reg. No. 2024-00270
- Website: fizmofxmarkets.com (client portal at my.fizmofxmarkets.com)
- Only licence: None. A Saint Lucia company registration only, which is not a trading licence and is not supervised by the St. Lucia FSRA
- Offers: Forex, crypto, indices and commodity CFDs on MetaTrader 5, from a 10 US dollar minimum, leverage up to 1:2000, USDT deposits
- Not accepted: Residents of the USA, Australia, UAE and Japan
- Age claim: Advertises 'Since 2021' and a 'Dubai 2024' award, but the domain dates only to April 2024
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
Saint Lucia company registration (via Fortgate Offshore agent)
Why we reached this verdict
How the evidence adds up.
We reached a Likely Scam verdict because several serious problems point the same way, and none of the firm's central claims hold up.
- It is not regulated. The homepage displays a 'Regulated Broker' badge, but the site never names a regulator or a licence number. The only registration we found is a Saint Lucia company filing handled by a formation agent. That is corporate paperwork, not financial supervision, and the Saint Lucia FSRA does not authorise it.
- The age is false. The site says the firm has been trading 'Since 2021'. The website domain was created on 19 April 2024. A genuine broker with three years of history would not run on a domain registered last year.
- People cannot get their money out. Across Trustpilot and other platforms, users describe depositing funds and then being blocked or refused when they try to withdraw. The complaints name amounts and use the WhatsApp support channel the firm itself promotes.
- Reviews are being manipulated. Trustpilot took the unusual step of removing this company's rating for a guidelines breach, which sits alongside a set of generic five-star posts on an otherwise heavily negative page.
- The presentation is built to reassure, not inform. Legal pages do not open, the 'Dubai 2024' award cannot be verified, and the firm leans on USDT deposits, very high leverage and instant-withdrawal promises that its own customers contradict.
Evidence ledger
Every finding, with its source and how strongly it points.
E1The homepage brands the firm a 'Regulated Broker' but names no regulator and no licence number; the footer shows only a Saint Lucia company registration via a formation agent, Reg. No. 2024-00270, Rodney Bay.
StrongFizmo FX Markets websiteE2The site claims the firm was 'Founded Since 2021', but the domain fizmofxmarkets.com was registered on 19 April 2024 (GoDaddy), contradicting the advertised history.
E3Trustpilot shows the company's rating is unavailable due to a breach of guidelines, alongside numerous fund-access complaints describing deposits taken and withdrawals blocked or refused, including a broker response disputing a 6,000 US dollar withdrawal and users citing 50 and 2,800 US dollar sums.
StrongTrustpilotE4An independent broker review concludes the firm is not licensed by any reputable regulator and documents a pattern of deposits accepted but withdrawals obstructed.
ModerateBrokersViewE5The site's Legal links (Privacy, Terms, Risk Disclosure, Deposit and Withdrawal Policy) all point to '#' and open nothing, so there are no binding terms for clients, while the firm promotes USDT deposits, 1:2000 leverage and a WhatsApp sales channel.
ModerateFizmo FX Markets website footerE6The homepage advertises an 'Award-Winning Broker, Dubai 2024' and a 'Best Deposit and Withdrawal Broker, Dubai Forex Expo 2024' accolade that cannot be independently verified and is contradicted by the withdrawal complaints.
The other side
The strongest case in this broker’s favour.
In fairness, here is the strongest case for the firm, and why it does not clear it.
- It is a real, registered company. Fizmo Fx Markets Limited does exist as a Saint Lucia entity. But incorporation is cheap and automatic offshore, and it says nothing about whether client money is safe.
- Operating from Saint Lucia is not itself illegal. Saint Lucia does not require a specific forex licence where a firm avoids soliciting locals, so an offshore base alone is a risk flag, not proof of fraud.
- Some positive reviews exist and the firm answers complaints. There are five-star posts, and the company publicly disputes withdrawal accusations, arguing the losses were the client's own trading. However, the positive reviews are generic, the rating was removed for manipulation, and a public denial does not resolve the repeated fund-access pattern.
- We found no government warning-list entry naming the domain. That keeps this at Likely rather than Confirmed, but warning lists lag new offshore sites and absence is not a clean bill.
What would change this
What we would need to see to revise the verdict.
Our view would change if solid, checkable facts appeared.
- A genuine licence from a real regulator (for example FCA, CySEC or ASIC), with a number that resolves on that regulator's own register to this entity and this domain.
- Evidence that the domain or a named predecessor site really dates to 2021, backed by archive history, rather than the 2024 registration we found.
- A sustained, verifiable record of clients withdrawing funds without obstruction, which would counter the current complaint pattern.
- Working, substantive legal documents (Terms, Withdrawal Policy) instead of dead links.
- Conversely, a regulator warning naming fizmofxmarkets.com, or a credible report of a demand for an extra 'tax' or 'fee' to release funds, would push this to Confirmed Scam.
Check it yourself
Official registers and warning lists. Verify every claim first-hand.
Frequently asked questions
Quick answers about this broker’s safety.
Is Fizmo FX Markets a scam?
Our assessment is that it is very likely a scam. It takes deposits while holding no real financial licence, and multiple customers report that they cannot withdraw their money. We rate it Likely Scam with a risk score of 82 percent.
Is Fizmo FX Markets regulated?
No. The site calls itself a 'Regulated Broker' but names no regulator and no licence number. The only registration is a Saint Lucia company filing, which is corporate paperwork, not financial supervision. The Saint Lucia FSRA does not authorise it.
Can I withdraw my money from Fizmo FX Markets?
Many users say they cannot. Reviews across several platforms describe deposits going through but withdrawals being blocked, delayed or refused, with support going quiet on WhatsApp. Reported stuck amounts include 2,800 and 6,000 US dollars.
Is my money safe with Fizmo FX Markets?
There is no evidence it is. With no real regulator, there is no compensation scheme and no ombudsman to complain to. Offshore company registration in Saint Lucia gives clients no protection over their deposits.
Who owns Fizmo FX Markets?
The operating entity is Fizmo Fx Markets Limited, a Saint Lucia company. The website footer instead prints the name of its registration agent, Fortgate Offshore Investment and Legal Services Ltd, and does not clearly disclose the people behind the business.
How old is Fizmo FX Markets?
At most about two years. The website domain was registered in April 2024, even though the site advertises 'Since 2021'. We could not find any older domain or archive history to support the 2021 claim.
What is a Saint Lucia registration worth for a broker?
Very little for client protection. Saint Lucia does not run a forex licensing regime that supervises these firms, so a Saint Lucia company registration is not a trading licence and does not safeguard your funds.
Is Fizmo FX Markets a clone of another broker?
We found no evidence it impersonates a specific regulated firm. 'Fizmo' appears to be its own brand. The problem is not impersonation but the lack of any real licence and the withdrawal complaints.
Why did Trustpilot remove the rating?
Trustpilot displays a warning that the company's rating is unavailable due to a breach of its guidelines. That usually means detected review manipulation, which fits the mix of generic five-star posts among many detailed complaints.
What should I do if I was scammed by Fizmo FX Markets?
Stop depositing, gather your records, and report to your local financial regulator and your bank. Do not pay any extra fee or tax asked of you to unlock a withdrawal, and avoid recovery agents who demand upfront payment.
What should I check before depositing with any broker?
Confirm a licence number on the regulator's own public register, check that the licence covers the entity and website you are using, read real terms and withdrawal policies, and search for independent withdrawal complaints. Fizmo fails these checks.
What we recommend
The practical takeaway from everything above.
Treat Fizmo FX Markets as high risk and do not deposit.
- Do not send money, and be especially wary of USDT deposits, which are hard to reverse.
- If you already have funds there, attempt a withdrawal now, keep written records, and do not pay any additional 'fee', 'tax' or 'verification' charge asked of you to release money. That request is itself a scam signal.
- Report the operation to your local financial regulator and, if you paid by card, ask your bank about a chargeback.
- Ignore any 'recovery agent' who contacts you promising to retrieve losses for an upfront fee. These target prior victims.
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 August 23, 2026. If any detail here is out of date or incorrect, or you represent this broker, please contact us.