Risk scorecard
Each area is scored 0 (clean) to 10 (worst). Higher means more risk.
Regulation
7/10 · HighNo licence from any financial regulator while taking client deposits. A Saint Lucia company registration is not a trading licence and gives no protection.
Identity & transparency
6/10 · HighIt discloses a named entity, a registration number and addresses, but the money is held in a shell jurisdiction and the Dubai operating presence is unverified.
Withdrawals & conduct
4/10 · ModerateNo credible, specific withdrawal complaints were verified. Only generic scam-review templates allege fee demands, and there is no proof withdrawals are paid either.
Reputation
6/10 · HighAlmost no genuine footprint. No Trustpilot page, no organic reviews, and only aggregator low scores and auto-generated scam pages.
Website claims
6/10 · HighAdvertises over 280,000 traders and instant withdrawals with no basis, though it makes no false licence claim.
Operational history
6/10 · HighOperation is under two years old (domain and company both from 2024), so there is no meaningful track record.
Who they are
A quick desk file on the company behind the brand.
- Brand: Rabab Markets
- Legal entity: RABAB MARKETS LIMITED
- Registered: Saint Lucia, company registration No. 2024-00719 (registered address: Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia)
- Stated office: F 5701, AA Tower, Sheikh Zayed Road, Dubai, UAE (phone +971 52 274 1693)
- Website: rababmarkets.com (currently showing a maintenance page)
- Only licence: None. A Saint Lucia company registration only, which is not a financial licence.
- Offers: Forex and CFD trading on MetaTrader 5, plus copy trading and algo trading.
- Not accepted: Residents of the United States, Cuba, Iraq, Myanmar, North Korea and Sudan.
- Age claim: Copyright 2024. It advertises over 280,000 traders globally, which we could not verify.
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 registry (company registration only)
Why we reached this verdict
How the evidence adds up.
We rate Rabab Markets high risk because it takes client deposits with no regulator standing behind it, and because it is too new and too thinly documented to trust.
- No licence at all. We read the site and its footer and found no regulator named. The only registration is a Saint Lucia company number (2024-00719). Saint Lucia does not license or supervise forex brokers, so this gives you no protection.
- Very young. The domain rababmarkets.com was created on 28 November 2024, and the company registration is also from 2024. An operation this new has no real track record.
- Unverified Dubai presence. It lists a Dubai office and a UAE phone number, but a forex business in the UAE needs a licence from the UAE authorities, and it holds none. We could not confirm any registered UAE presence.
- Inflated marketing. Claiming more than 280,000 traders on a business under a year old, alongside promises of instant withdrawals, is the kind of claim we cannot verify and would not take at face value.
- No independent record. There is no Trustpilot page and no genuine customer reviews. There is also no regulator warning naming the site. So while we found no proof of theft, we also found nothing that shows it is safe.
Because the operation is under three years old, this report stays public and our confidence is capped at medium. The score reflects a young, unregulated and largely untraceable profile, not a specific fraud we have proven.
Evidence ledger
Every finding, with its source and how strongly it points.
E1The domain rababmarkets.com was created on 28 November 2024, confirming a very new operation.
StrongVerisign RDAPE2The archived homepage names RABAB MARKETS LIMITED, Saint Lucia registration No. 2024-00719, a Dubai office and a UAE phone, and takes deposits for MT5 trading, yet names no financial regulator or licence anywhere.
E3The site advertises a club of more than 280,000 traders globally, an unverifiable claim for an operation less than a year old at the time.
E4The live website currently shows only a maintenance page and a login box, with the broker content removed.
E5There is no Trustpilot review page for the domain (the page returns not found), consistent with no genuine customer footprint.
ModerateTrustpilotE6The only registration behind the firm is a Saint Lucia International Business Company record; Saint Lucia does not license or supervise forex brokers, so the firm operates without financial regulation.
E7A third-party broker directory lists the firm as not regulated, with a very low trust score and no user reviews. Treated as a lead only, not as proof.
WeakA third-party broker directory
The other side
The strongest case in this broker’s favour.
In fairness to the broker, here is the more favourable reading.
- It does disclose a named legal entity, a registration number and two addresses, which many outright scams do not bother to do.
- The site makes no false regulatory claim. It does not pretend to hold an FCA, ASIC or other licence it lacks, so there is no clone or impersonation here.
- We found no regulator warning list naming the domain and no verified first hand victim reports of stolen funds.
- Offshore registration and aggressive marketing, on their own, describe an elevated risk profile rather than proven fraud.
Taken together this keeps the case at high risk rather than a confirmed scam. It does not clear the broker, because none of these points replaces a real licence or a track record.
What would change this
What we would need to see to revise the verdict.
Our view would improve or harden if any of the following turned up.
- Improve: a genuine, verifiable licence from a real financial regulator, held by the entity that takes the deposits, confirmed on that regulator's own register.
- Improve: a body of credible, specific customer reviews showing withdrawals are actually paid on time.
- Harden: a regulator warning or investor alert naming rababmarkets.com.
- Harden: credible, detailed reports of blocked withdrawals or demands to pay a fee, tax or insurance before funds are released.
Check it yourself
Official registers and warning lists. Verify every claim first-hand.
Domain age (RDAP)
Confirms the website domain was created on 28 November 2024.
Rabab Markets website
The broker current site, at present showing a maintenance page.
FCA warning list
Check whether the UK regulator has flagged this or a similar firm.
IOSCO investor alerts
Search global regulator alerts for the brand or domain.
Frequently asked questions
Quick answers about this broker’s safety.
Is Rabab Markets a scam?
We did not find proof of outright theft, but we rate it high risk. It has no financial licence, it is under two years old and it has almost no independent track record. We would not deposit money with it.
Is Rabab Markets regulated?
No. It names no financial regulator anywhere on its site. It only holds a Saint Lucia company registration (No. 2024-00719), which is a company record, not a trading licence, and Saint Lucia does not supervise forex brokers.
Can I withdraw my money from Rabab Markets?
There is no verified evidence either way. Because no regulator oversees it, there is no independent body to force a payout if a withdrawal is refused. Be cautious.
Is my money safe with Rabab Markets?
There is no client money protection and no compensation scheme, because the firm is not licensed by any regulator. Your funds would rely entirely on the company's goodwill.
Who owns Rabab Markets?
The site names the legal entity RABAB MARKETS LIMITED, registered in Saint Lucia with a stated office in Dubai. Beyond that, ownership is not clearly disclosed.
How old is Rabab Markets?
It is new. The website domain was created in November 2024 and the company registration is also from 2024, so the operation is under two years old.
What is a Saint Lucia registration worth for a broker?
Very little as protection. It shows a company exists, but Saint Lucia does not license or supervise forex brokers, so it does not mean the firm is regulated or that your deposits are safe.
Does Rabab Markets really have a Dubai office?
It lists a Dubai address and a UAE phone number, but running a forex business in the UAE needs a UAE licence, and it holds none. We could not confirm any registered UAE presence.
Is Rabab Markets a clone of another broker?
We found no sign of impersonation. It uses its own name and does not copy another regulated firm's licence, so this is not a clone case.
It claims 280,000 traders. Is that true?
We could not verify that figure. It is a very large number for a business under a year old and should be treated as marketing, not fact.
What should I check before depositing with any broker?
Confirm a real licence on the regulator's own register, check the entity that actually holds your money, look for genuine reviews about withdrawals, and avoid anyone who asks for a fee or tax to release your funds.
What do I do if I was scammed by Rabab Markets?
Stop depositing, gather all records and screenshots, contact your bank or card provider about a chargeback, and report it to your national financial regulator and police. Be wary of recovery services that ask for an upfront fee.
What we recommend
The practical takeaway from everything above.
Treat Rabab Markets as unsafe for real money until it is properly licensed.
- Do not deposit funds. With no regulator, there is no one to appeal to if your money is withheld.
- If you already have a balance there, try to withdraw it now and keep records of every request and reply.
- Be very wary if anyone asks you to pay a fee, tax or insurance to release a withdrawal. That is a classic advance fee trap.
- Prefer brokers licensed by a well known regulator such as the FCA, ASIC or CySEC, and check the licence on the regulator's own register.
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 16, 2026. If any detail here is out of date or incorrect, or you represent this broker, please contact us.