About RubyMarkets
Company Overview
RubyMarkets is registered in the United Kingdom at Kemp House, 152-160 City Road, London EC1V 2NX, with a founding date of July 8, 2022. The company operates the domain rubymarkets.io. However, according to official records, RubyMarkets does not hold any financial regulatory licence from the FCA or any other recognised authority. This absence of regulation is a significant factor in assessing the broker's trustworthiness.
Regulation and Safety
As of the latest check, RubyMarkets is not regulated by any known financial oversight body. FXCanary's research indicates a high scam risk score of 85 out of 100, placing it in the severe risk category. This score reflects the lack of regulatory protection for clients, including no compensation scheme or mandatory segregation of client funds. Traders are strongly advised to exercise extreme caution and verify any claims the broker makes independently before considering any engagement.
Products and Services
Due to the lack of publicly available information from the broker's official website, it is unclear what specific trading instruments or services RubyMarkets offers. Typically, unregulated brokers may offer forex, CFDs, or cryptocurrencies, but without official data, this cannot be confirmed. Potential clients should be wary of any unsolicited offers or promises of high returns, as these are common hallmarks of unregulated entities.
Account Types
No information is available regarding account types, minimum deposits, spreads, or leverage offered by RubyMarkets. The broker's website does not provide clear details on the account opening process or trading conditions. This lack of transparency is a red flag, as reputable brokers typically provide comprehensive information to help traders make informed decisions.
Deposits and Withdrawals
There is no public information on the funding methods or withdrawal processes for RubyMarkets. The absence of clear payment procedures is a red flag, as it suggests potential difficulties in accessing funds. Traders should be extremely cautious about depositing money without a full understanding of how and when they can withdraw.
Customer Support
Customer support channels are not documented on the company's official website or other public sources. The only known contact is via the domain rubymarkets.io, but the site's content is unknown. Without clear support options, resolving issues or obtaining assistance would be challenging for clients.
Conclusion
RubyMarkets presents a high-risk profile due to its lack of regulation and limited transparency. The company's registration in the UK without regulatory oversight is a major concern. Traders are strongly advised to avoid this broker unless further verified information becomes available, and to prioritise regulated alternatives for the safety of their capital.
Overview compiled by FXCanary from regulatory records and public data. full RubyMarkets review