SOHO MARKETS

SOHO MARKETS GLOBAL LIMITED, trading as SOHO MARKETS, is a Cyprus-registered online forex broker established on 25 October 2021. The company is headquartered at Spyrou Kyprianou 41 Avenue, Steratzias Court 2, 1st Floor, Flat 101, 4003, Mesa Geitonia, Limassol, Cyprus. It operates under the regulatory oversight of the Cyprus Securities and Exchange Commission (CYSEC), holding a Derivatives Trading License (STP) with licence number 409/22.

As a relatively young entity, SOHO MARKETS positions itself as an accessible entry point for retail traders, with a minimum deposit requirement of $100. The broker's registration with CYSEC, a well-known European regulator, provides a baseline of compliance and consumer protection, though the firm's short operating history and limited public footprint warrant careful consideration.

SOHO MARKETS is regulated by CYSEC, the financial regulator of Cyprus, which is a full member of the European Securities and Markets Authority (ESMA). The licence, numbered 409/22, authorises the firm to provide derivatives trading services, specifically under a Straight-Through Processing (STP) model. This regulatory status implies adherence to MiFID II standards, including client fund segregation and negative balance protection, though the exact scope of services is not fully detailed in our records.

It is important to note that the licence number is taken directly from our verified records; we have not independently confirmed its current status on the CYSEC register. Traders are advised to verify the licence directly with the regulator before engaging with the broker.

According to the company description, SOHO MARKETS provides access to a wide range of financial instruments, though specific asset classes are not enumerated in our records. The broker's STP execution model suggests that client orders are passed directly to liquidity providers, which can offer transparency in pricing and execution. The minimum deposit of $100 is relatively low, making the platform accessible to novice traders.

However, detailed information on account types, trading platforms (such as MetaTrader 4 or 5), leverage, spreads, and available instruments is not disclosed in our known facts. This lack of public information is a notable gap for potential clients, who typically expect such details to be readily available on a broker's website.

SOHO MARKETS appears to target retail traders, particularly those seeking a low-cost entry into forex trading. The $100 minimum deposit and STP execution model may appeal to beginners and cost-conscious traders. The CYSEC regulation provides a layer of regulatory protection, which is a positive factor for clients within the European Economic Area.

Nevertheless, the broker's lack of a verifiable website or social-media presence, as flagged in our risk assessment, is a significant concern. Traders should exercise caution and conduct thorough due diligence, including verifying the firm's regulatory status and seeking independent reviews, before committing funds.

Our risk assessment assigns SOHO MARKETS a Scam Risk Score of 53 out of 100, indicating an elevated risk level. This score is based on several factors, including 9 user exposure/complaint reports and withdrawal complaints appearing in approximately 81% of recent reviews. Additionally, the broker has no verifiable website or social-media presence, which is unusual for a regulated entity and complicates independent verification.

These risk flags do not necessarily prove fraudulent activity, but they highlight significant red flags that traders should not ignore. The high proportion of withdrawal complaints is particularly concerning, as it suggests potential difficulties in accessing funds. We strongly advise potential clients to approach this broker with heightened caution and to consider alternative, more established options.

Our web search for SOHO MARKETS returned results that did not clearly match this specific entity, likely due to the broker's limited online footprint. We found no official website content, user reviews, or third-party analyses that could be reliably attributed to SOHO MARKETS GLOBAL LIMITED. This absence of independent information is itself a cautionary signal, as legitimate brokers typically have a more visible online presence.

Given the lack of verifiable public data, our introduction is based solely on the known facts from regulatory records and the company description. Traders should be aware that the information available is minimal, and any decision to trade with SOHO MARKETS should be made with extreme care and after direct verification with CYSEC.

In summary, SOHO MARKETS is a Cyprus-regulated forex broker with a modest minimum deposit and a straightforward STP model. Its regulatory status under CYSEC is a positive aspect, but the elevated risk score, withdrawal complaints, and lack of online presence are significant concerns.

We recommend that traders approach SOHO MARKETS with caution, verify its licence directly with CYSEC, and thoroughly research the broker's terms and conditions before opening an account. Given the limited information available, it may be prudent to consider alternative brokers with a more established track record and transparent operations.