Sapphire Markets Review
6
Review
Fast Facts
Contact Info and Support
First Floor, First St Vincent Bank Building, James Street, Kingstown, St. Vincent and the Grenadines VC0100
Traffic information
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About Sapphire Markets
The broker operates under the name Sapphire Markets LLC and is registered with the Financial Services Authority of Saint Vincent and the Grenadines under number 1370, though that jurisdiction does not issue forex or CFD licences nor provide investor protection for trading activities. The firm claims to offer trading in forex, commodities, indices, shares, and cryptocurrencies, and to provide services via platforms such as MetaTrader 5, with leverage up to 1:500 and a minimum deposit of $30. Withdrawal issues have been reported by clients.
The UK’s Financial Conduct Authority has issued a warning labeling Sapphire Markets as an unauthorised firm. Clients were migrated to another entity, Cortis FX, which similarly offers no regulatory protection under the SVG FSA. The SVG FSA does not oversee or protect clients in these markets.
Who it’s for
- Traders willing to use an offshore broker without regulatory oversight
- Clients prepared to accept high leverage (up to 1:500)
- Individuals trading across multiple asset classes who accept elevated risk
Pros and cons
Pros
- Access to diverse instruments: forex, shares, indices, commodities, and cryptocurrencies
- Low minimum deposit of $30
- High maximum leverage, up to 1:500
Cons
- No regulation or investor protection; SVG FSA offers no oversight in forex/CFD trading
- FCA warning: firm is unauthorized
- Reported withdrawal difficulties and migration to Cortis FX with no additional protection
