Is TIO Markets Legit?

@josiah_edem - 8 months ago - Forex Brokers

Someone recommended TIO Markets to me when I was looking for unlimited leverage brokers so I need to be sure they are a good broker. I guess my question is how legit is TIO Markets?

@vickyjoseph - 8 months ago

TIO Markets is regulated in from Saint Vincent & The Grenadines (SVG) which is a remote island. Now that is not really the issue because many big brokers place traders under SVG regulation.

The reason TIO Markets is a high risk broker is because it is relatively unknown to many and does not have business entities regulated in other parts of the world.

Let me give you an example: HF Markets is a broker that places some of its traders under its SVG entity, but HF Markets is also regulated by the FCA UK, CMA Kenya & FSCA South Africa.

TIO Markets on the other hand is only regulated by SVG ! See what I mean?