Pure North Markets

Pure North Markets is a brokerage firm registered in Mauritius, established on 17 March 2023. The company lists its registered address at 3rd Floor, Manor House, 30 St Georges Street, Port Louis, Mauritius. As of the most recent records, Pure North Markets does not hold any regulatory licences from recognised financial authorities, placing it in the unregulated category of brokers.

Despite its registration in Mauritius, the broker's official website (purenorthmarkets.com) is currently closed, limiting public access to detailed company information. This lack of transparency raises caution for potential traders, as standard disclosure of trading conditions, ownership, and operational history is not available.

Pure North Markets is confirmed to have no regulatory licences from any known financial regulator. The absence of authorisation from bodies such as the FCA, CySEC, or ASIC means that traders are not protected by investor compensation schemes or ombudsman services. Regulatory oversight is a key factor in assessing broker safety, and its absence here represents a significant risk.

Mauritius is a jurisdiction with a developed regulatory framework, but not all registered entities are licensed to offer financial services. Without a specific licence from the Financial Services Commission (FSC) or equivalent, Pure North Markets operates outside formal regulatory supervision.

The broker offers three account tiers: ECN, PRO, and STANDARD. The ECN account requires a minimum deposit of $5,000, while the PRO and STANDARD accounts each require $1,000. All account types provide a maximum leverage of 1:500, which is high and carries substantial risk, particularly for inexperienced traders.

It is unclear from available information whether these accounts differ in spreads, commissions, or execution methods beyond the deposit threshold. The lack of official documentation means that key details such as swap rates, minimum trade sizes, and available platforms are not confirmed.

Pure North Markets claims to offer trading in forex, metals, indices, commodities, cryptocurrencies, and stocks. This multi-asset range suggests the broker aims to cater to diverse trading preferences. However, the exact number of instruments per asset class and the providers of liquidity or execution are not specified.

Given the unregulated status, the source and custody of these instruments remain opaque. Traders should be aware that unregulated brokers may not offer genuine market access or may manipulate pricing.

Information on deposit and withdrawal methods for Pure North Markets is not publicly available. The closed website prevents verification of accepted payment channels, currencies, processing times, or potential fees. Typically, unregulated brokers may rely on cryptocurrencies or alternative payment methods that lack the traceability of traditional banking.

Without this information, traders cannot assess the ease of funding or the reliability of withdrawals, which is a critical component of the trading experience.

Pure North Markets, on paper, is aimed at traders with varying capital levels, from $1,000 minimum for standard accounts to $5,000 for the ECN option. The high leverage appeals to those seeking amplified returns, but also magnifies losses. The lack of regulation means that inexperienced or retail traders are particularly vulnerable.

Professional traders and institutions typically require regulated counterparties. Therefore, this broker may only be suitable for those who fully understand the risks of unregulated trading and are willing to accept the absence of external oversight.

FXCanary's scam risk score for Pure North Markets is 75 out of 100, classified as 'Severe'. This score reflects the combination of no regulation, a closed website, limited public information, and recent establishment. High leverage further compounds the risk profile.

Traders are strongly advised to verify all details independently and consider the potential for total loss of capital when dealing with unregulated entities such as Pure North Markets.