The Official Website Of RubyMarkets Is Currently Not Accessible Properly. The Company Seems To Have Gone Out Of Business. Therefore We Can Only Gather Some Relevant Information For Reference Only.
2022-07-12 We Have Confirmed After Review That RubyMarkets Is An Unregulated Forex Broker
RubyMarkets Is Not A Reliable Broker For Traders, Even Though The Quotes It Claims To Offer To Its Clients Look Good. RubyMarkets Claims To Have Been Founded In 2000 And Has Quickly Grown To Become One Of The World-renowned Brokers. But When We Look At Its Domain Name, We Find That The Site Was Actually Created In 2019, So How Could It Possibly Start Doing Business In 2000? This Is A Red Flag.
In Addition, RubyMarkets Claims To Be Registered With The UK Chamber Of Commerce And Industry (CH) With Registration Number: 12396596. We Did Find Results In CH That Matched RubyMarkets. However, CH Is The Companies Registry In The UK And Does Not Have The Legal Right To Regulate Any Forex Activities. Having A Registration By A Dealer Does Not Mean There Is Any Regulation.
Under UK Law, All Companies And Individuals Offering, Promoting Or Selling Financial Services Or Products In The UK Are Required To Obtain An Authorization Or Business Registration From The UK Financial Conduct Authority (FCA). However, We Did Not Find Any Results In The FCA That Matched RubyMarkets. This Means That RubyMarkets Is Not An Approved Broker To Operate In The UK.
More Importantly, RubyMarkets Also Claims To Be Regulated By The National Futures Association (NFA) In The United States, NFA ID: 0547124. When We Looked Up Its Regulatory Information In The NFA, We Found That The Trader Is Not A Registered Member Of The Regulator And Is Not Effectively Regulated By The NFA. In Fact, RubyMarkets Is Not Regulated By Any Regulator. Investors' Funds Invested In This Trader Are Not Safe And Cannot Be Protected By Any Laws. It Is A Fake Trader.
Due To The Inability To Access The Broker's Website At This Time, We Are Also Unable To Obtain More Direct Details About Its Trading Assets, Leverage, Spreads, Trading Platform, Minimum Deposit, Etc.
As For Regulation, It Has Been Verified That RubyMarkets Does Not Currently Have Any Valid Licenses.
But Most Brokers That Are Not Compliant Will Not Disclose To Provide Other More Direct And Truthful Contact Information, Such As Phone Numbers Or Company Addresses.
Note: RubyMarkets As A, Unregulated Broker, Which Means That Clients' Investments May Not Be Adequately Protected. Due To The Lack Of A Regulator To Hold Companies Accountable, The Lack Of Regulation Increases The Risk Of Potential Financial Losses.
If You Invest In An Unregulated Broker, They Are Likely To Run Away With Your Hard-earned Money Without Any Recourse. Therefore, Investors Must Be Extremely Cautious And Remind Everyone To Stay Away From These Unregulated Brokers As Much As Possible When Choosing A Broker.
