benchmark.co.com Review

About benchmark.co.com

Benchmark operates via the domain benchmark.co.com and is not regulated by any recognized financial authority. The UK Financial Conduct Authority issued a warning on 7 November 2023 stating the firm provided financial services or products in the UK without authorisation, identifying it as unauthorised activity in the jurisdiction  (). The entity also claims registration with the Financial Services Authority of Saint Vincent and the Grenadines; however, this regulator neither appears in official records for the broker nor oversees forex activities, undermining the claim’s validity ().

The broker offers multiple account tiers, including Standard and VIP, with a minimum deposit of USD 250 for Standard. It advertises leverage up to 1:500 and spreads from 1.5 pips (Standard) down to 0.5 pips (VIP). There is no information on regulated platform access (e.g. MT4/MT5), segregated accounts, negative balance protection, or investor compensation schemes, and financial safeguards such as guaranteed funds are absent (). Independent safety assessments assign it a “SCAM” status and note numerous red flags, including unregulated status, offshore registration in SVG, unrealistic trading conditions, and reported aggressive marketing and withdrawal issues ().

Who it’s for

• No legitimate regulatory oversight means there is no clearly defined, responsible target audience

Pros and cons

Pros

• No verifiable advantages identified

Cons

• Unauthorised by the UK FCA (warning dated 7 November 2023)
• No legitimate regulatory licensing found, including false claim regarding SVG FSA
• Offshore registration with minimal oversight
• High leverage (1:500), high minimum deposit (USD 250), with opaque trading conditions
• Rated as a scam by independent assessments