Foti Markets

Foti Markets is a forex and CFD broker that was established on June 23, 2025, and is registered in the Comoros, with its registered address in Hamchako, Mutsamudu, Autonomous Island of Anjouan, Union of Comoros. The broker operates under the entity Foti Capital Ltd and offers trading services through its official website fotimarkets.com. It provides access to a range of financial markets including forex, commodities, indices, cryptocurrencies, and stocks.

The broker targets retail traders with a focus on low-cost trading and high leverage options. According to its website, Foti Markets emphasizes a 'Trading for Saving' philosophy, aiming to minimize costs and maximize earning potential. The broker is relatively new, having been founded in mid-2025, and has established a presence on social media platforms such as Facebook, LinkedIn, and YouTube.

As of the time of this review, Foti Markets does not hold any known regulatory licenses from established financial authorities. The broker is registered in the Comoros, which is not a major regulatory jurisdiction for forex brokers. The absence of regulation from reputable bodies such as the FCA, CySEC, or ASIC is a significant factor for traders to consider when evaluating the broker's trustworthiness.

In FXCanary's assessment, the lack of regulatory oversight increases the risk profile for potential clients. The broker's FXCanary Scam Risk Score stands at 56 out of 100, indicating an elevated level of risk. Traders should exercise caution and conduct thorough due diligence before committing funds.

Foti Markets offers two main account types: Raw and Standard. Both accounts require a minimum deposit of $10, which is relatively low and accessible to beginner traders. The Raw account features spreads from 0.0 pips with a commission of $3.5 per lot per side, while the Standard account has spreads from 1.4 pips with no commission. Maximum leverage differs: up to 1:1000 for Raw and up to 1:500 for Standard.

The broker supports trading on the MetaTrader 5 (MT5) platform across web, mobile, and desktop devices. Minimum lot size is 0.01 (micro lots), allowing for flexible position sizing. The instruments available include forex pairs, commodities, indices, cryptocurrencies, and stocks. The broker claims to operate on a true ECN model with direct market access and no requotes.

According to the broker's website, Foti Markets offers deposits and withdrawals with zero transaction fees. The primary funding method appears to be cryptocurrency transfers, specifically USDT on BEP20 (BSC) and ERC20 (Ethereum) networks, with a minimum deposit of 10 USDT. The broker states that deposits are instant and withdrawals are processed 24/7.

The broker does not list traditional methods such as bank wires or credit cards on its site, which may limit accessibility for some traders. The use of crypto-only funding could be seen as a red flag due to reduced transparency and potential difficulties in recovering funds.

Foti Markets claims to offer 24/7 dedicated support, though the specific channels (live chat, email, phone) are not detailed on the website. The broker also mentions providing expert educational resources, though the nature and quality of these materials are not elaborated.

As a new broker, the depth of support and reliability of service are yet to be proven through user experiences. The social media presence on Facebook, LinkedIn, and YouTube may serve as additional touchpoints for client engagement.

Foti Markets presents itself as a low-cost, high-leverage broker suitable for traders looking for ECN-like conditions with a small initial deposit. However, the complete lack of regulatory oversight and the broker's registration in a jurisdiction with minimal oversight are major concerns. The elevated risk score assigned by FXCanary reflects these risks.

Traders considering Foti Markets should be aware of the potential challenges, including the absence of investor protection schemes, limited funding options, and the newness of the broker. It is advisable to start with a small deposit and thoroughly test the broker's services before committing significant capital.