Angel Markets Broker Review: Stay Clear of This Platform

Angel Markets, an emerging online brokerage platform, has recently raised concerns within the financial community. According to its website, Angel Markets is operated by Forex Club International LLC, which claims a Swiss-based registration. The site promotes services in Forex and other trading assets, boasting high-profit opportunities for investors. However, these claims lack verification, especially considering recent warnings from the Swiss Financial Market Supervisory Authority (FINMA). Potential investors should exercise extreme caution, as the platform’s legal standing and credibility are questionable.

FINMA Warning on Angel Markets

The Swiss Financial Market Supervisory Authority (FINMA), the primary regulatory body overseeing financial activities in Switzerland, recently issued a warning against Angel Markets. The warning explicitly states that Angel Markets is not registered in Switzerland and is unauthorized to operate as a financial services provider. FINMA’s warning serves as an official alert to potential investors, emphasizing the lack of legal oversight and protection for any funds deposited with Angel Markets. FINMA’s caution reflects concerns over unregulated financial service providers, which often pose significant risks due to a lack of accountability and transparency.

Inconsistencies in Company Registration Claims

Angel Markets claims to be a Swiss-based entity under the operation of Forex Club International LLC. However, the registration number provided on its website follows the format used by the Financial Services Authority of Saint Vincent and the Grenadines (SVG FSA), not by Swiss authorities. This inconsistency is troubling and indicative of potential misrepresentation. A registered company in Switzerland would typically have a FINMA-issued license or registration entry. Without such documentation, Angel Markets lacks verifiable legitimacy. Furthermore, its association with an SVG FSA registration raises additional concerns, as Saint Vincent and the Grenadines is known for its lenient financial regulations, attracting unregulated brokers that may lack investor safeguards.

Risks Associated with Unregulated Brokers

Unregulated brokers like Angel Markets carry significant financial risks for investors. Without regulatory oversight, these platforms are not bound by strict requirements regarding transparency, investor fund protection, or operational integrity. Unlike FINMA-regulated brokers, Angel Markets does not need to maintain segregated accounts for client funds or undergo regular audits, making it easier for such entities to disappear with investors’ money. FINMA’s warning serves as a reminder that unregulated platforms offer little to no recourse for investors in case of disputes or fraudulent activities, making investments exceptionally risky.

Lack of Transparency and Potential Red Flags

Angel Markets lacks essential information that would typically be found on a legitimate broker’s website. It does not provide a clear company address, phone number, or other verifiable contact details. This absence of basic transparency is a red flag, suggesting that the platform may not be genuinely interested in establishing a trustworthy relationship with clients. Moreover, the site’s high-return promises are typical of platforms seeking to lure unsuspecting investors with unrealistic expectations. Transparency is a cornerstone of trustworthy brokers, and Angel Markets fails to meet this standard, further undermining its credibility.

Conclusion: Approach Angel Markets with Caution

Considering the FINMA warning, inconsistent registration details, and lack of transparency, Angel Markets appears to be a high-risk platform for potential investors. The absence of FINMA authorization and essential regulatory safeguards expose investors to unprotected financial losses. As a result, those considering investments should seek regulated platforms that adhere to strict financial standards. Given the warning signs, Angel Markets is best approached with extreme caution, if not outright avoidance, to ensure financial security and protection.

If you have already invested in Angel Markets and are having trouble withdrawing your funds, it is important to report the platform to your local financial regulatory body or Centered Reviews for a chance of recovery and to warn others..

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