Is Giraffe Markets Legit and Safe?

Regulation Status

Giraffe Markets is a forex and CFD broker incorporated in Saint Lucia in 2023. It is offshore regulated by the FSRA (Financial Services Regulatory Authority), with Business Registration license number 2023-00390.

While the broker operates under offshore regulation, its important to note that offshore regulation does not offer the same level of investor protection as regulation in well-established jurisdictions. Traders should assess the risks associated with trading with an offshore-regulated broker.

Pros and Cons

FAQ: What You Want to Know Most

Q1: Is Giraffe Markets regulated?

A1: Yes, Giraffe Markets is offshore regulated by the FSRA (Financial Services Regulatory Authority) in Saint Lucia with Business Registration number 2023-00390. However, traders should exercise caution as offshore regulation offers less investor protection compared to major regulatory bodies.

Q2: Is Giraffe Markets safe and legit?

A2: Giraffe Markets is registered and regulated by the FSRA in Saint Lucia. While it is legit, its offshore regulation might not provide the same level of safety and protection as brokers regulated in more established jurisdictions.

Q3: What are the pros of Giraffe Markets?

A3: Giraffe Markets offers over 1,700 trading products, low spreads starting at 0.0 pips, commission-free accounts (except Elite account), and 24/7 customer support. It supports the MT5 platform, suitable for skilled traders.

Q4: What are the cons of Giraffe Markets?

A4: The broker operates under offshore regulation, which may concern some traders. Additionally, Giraffe Markets does not support MT4, offers no coverage for Bonds or ETFs, and the Elite account lacks a demo option.

Q5: Can I use MT5 on Giraffe Markets?

A5: Yes, Giraffe Markets supports the MT5 platform, available on desktop, mobile, and web versions. However, it does not support MT4.

Q6: What can I trade on Giraffe Markets?

A6: Giraffe Markets offers a range of instruments, including forex, commodities, options, indices, and stocks. It does not support trading in Bonds or ETFs.