Mitto Markets

Mitto Markets is the trading name of Kapwealth Limited, a company registered in the United Kingdom on 23 November 2022. The firm operates from a registered address at 150 Minories, London EC3N 1LS, and presents itself as a provider of forex and CFD execution services. Its official website is mittomarkets.com.

According to our records, Mitto Markets holds a single FCA licence described as a 'Forex Execution License (STP)', with licence number 590782. This suggests the firm is authorised to operate as a straight-through-processing broker, routing client orders directly to liquidity providers. However, the status of this licence is not recorded in our files, and we have not been able to verify its current standing independently.

The Financial Conduct Authority (FCA) is the regulatory body overseeing Mitto Markets. The licence number on file is 590782, and it is categorised as a Forex Execution License (STP). This type of licence typically permits a firm to execute client orders in foreign exchange and contracts for difference without taking the opposite side of the trade.

We cross-checked the licence details against our internal records, but we note that the status field is blank, meaning we cannot confirm whether the licence is currently active, suspended, or expired. Traders should verify the licence status directly with the FCA's public register before engaging with the broker.

Kapwealth Limited, trading as Mitto Markets, was incorporated on 23 November 2022, making it a relatively new entrant to the forex brokerage space. The company's registered office is located at 150 Minories, London EC3N 1LS, a commercial address in the heart of the City of London financial district.

Our records indicate that the firm has zero employees on file, which is unusual for an operating brokerage. This could suggest that the company is in a start-up phase, operates with a lean structure, or that employment data has not been updated in our sources. The lack of employee information adds to the overall uncertainty about the firm's operational capacity.

Based on the licence type, Mitto Markets appears to offer retail forex and CFD trading services. As an STP broker, it would typically provide access to a range of currency pairs, indices, commodities, and possibly other CFD instruments. The exact product list, trading platforms, and account types are not disclosed in our known facts.

Given the limited public information, we cannot confirm the specific trading conditions, such as spreads, commissions, or leverage. Prospective clients should consult the broker's official website or contact their support team for detailed product information.

Mitto Markets appears to target retail forex and CFD traders, given its FCA licence for forex execution. The firm's presence on social media platforms such as Instagram, Twitter/X, and YouTube suggests an effort to engage with a broader audience, potentially including newer traders.

However, with no independent reviews and limited public information, it is difficult to assess the firm's suitability for different trader profiles. Traders should approach with caution and conduct thorough due diligence before opening an account.

Our FXCanary Scam Risk Score for Mitto Markets is 40 out of 100, which we classify as 'Guarded'. This score reflects the limited public information available about the broker, which is a common caution flag in the industry.

We found no clone or impersonator sites associated with Mitto Markets, which is a positive sign. However, the lack of independent user reviews and the absence of detailed operational information mean that traders cannot easily verify the broker's reliability. We recommend that anyone considering this broker conduct additional checks, including verifying the FCA licence status and reading the firm's terms and conditions carefully.