Giraffe Markets

Giraffe Markets holds a Securities Trading License from the Financial Services Commission (FSC) of Mauritius (license number GB24203636), indicating it is a regulated entity. However, its registered region is Mauritius and it is noted as operating in a 'Suspicious Operational Region'. The broker's overall score from WikiFX is 5.20 out of 10, which reflects a moderate risk profile. As with any broker, traders should conduct their own due diligence.

Yes, Giraffe Markets is regulated. It holds a Securities Trading License (EP) from the Financial Services Commission (FSC) of Mauritius under regulation number GB24203636, with the license status listed as 'Regulated'.

The minimum deposit depends on the account type. The STANDARD account requires a minimum deposit of $100, the PRO account requires $1,000, and the ELITE account requires $2,500.

The broker's platform compatibility is not currently publicly disclosed. No information regarding MT4 or MT5 support is provided in the latest broker data.

Pros: Regulated by the FSC of Mauritius; offers three account types (STANDARD, PRO, ELITE) with varying spreads and leverage; supports scalping and hedging; user reviews mention fast deposits/withdrawals and responsive customer support. Cons: Registered in a 'Suspicious Operational Region'; overall score of 5.20 indicates moderate risk; no information on popular trading platforms like MT4/MT5; the minimum deposit for the lowest account is $100, which may be a barrier for some beginners.

Based on the provided user feedback, all reviews are positive, with no complaints recorded. Traders have praised the broker for fast deposits, quick withdrawals, user-friendly platform, and good customer support. However, this does not represent all possible user experiences.

Availability for US residents is not currently publicly specified. The broker is registered in Mauritius and does not explicitly state whether it accepts US clients. Traders should verify eligibility directly with the broker.

Giraffe Markets offers a STANDARD account with a $100 minimum deposit, which may be accessible for beginners. User reviews describe the platform as user-friendly. However, the broker operates from a region flagged as suspicious, and the overall score is moderate. Beginners should consider these factors and start with caution, possibly using a demo account if available.

Spreads are listed as 'Raw + 0' for ELITE, 'Raw + 1.2' for PRO, and 'Raw + 1.5' for STANDARD accounts. No additional commission or fee details are publicly disclosed. The competitiveness of spreads depends on the underlying raw spread, which is not specified. Traders should compare with other brokers and review the full cost structure.

Giraffe Markets offers three account types: 1) STANDARD – minimum deposit $100, spread Raw + 1.5, max leverage 1:500, no EA allowed, supports Islamic account. 2) PRO – minimum deposit $1,000, spread Raw + 1.2, max leverage 1:400, EA allowed, supports Islamic account. 3) ELITE – minimum deposit $2,500, spread Raw + 0, max leverage 1:300, EA allowed, no Islamic account. All accounts support scalping, hedging, and offer 290+ CFDs.

A cloned broker website refers to a fraudulent website that imitates the information of a legitimate broker. Such websites usually copy the real company's brand name, page design, and even regulatory information to mislead investors into making deposits. Common features include: a domain name highly similar to the official website (such as slight spelling differences), abnormal or unverifiable contact information, and promises of unusually high returns. Once funds enter such platforms, they are usually difficult to recover. Investors can identify potential risks by checking the official domain name, verifying regulatory information, and using WikiFX for cross-verification.

WikiFX is a third-party platform that provides forex broker information inquiry and risk alerts. This type of platform mainly integrates brokers' regulatory information, user feedback, and historical records, and conducts comprehensive evaluation through a multi-dimensional model to help investors quickly understand the broker's basic situation and potential risks. By using such tools, investors can conduct preliminary screening before choosing a broker, thereby reducing decision-making risks caused by information asymmetry.

Common forex regulatory authorities include the Financial Conduct Authority (FCA) in the United Kingdom, the Australian Securities and Investments Commission (ASIC), the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) in the United States, the Cyprus Securities and Exchange Commission (CySEC), and the Monetary Authority of Singapore (MAS). These regulatory authorities usually maintain relatively high regulatory standards, and brokers regulated by them generally have higher compliance levels. You can check broker ranking lists under different regulators on the WikiFX platform, such as brokers regulated by FCA, ASIC, and CySEC, so as to compare brokers under different regulatory backgrounds more clearly and make safer choices.

If a broker holds multiple regulatory licenses, it usually means that it operates in multiple countries or regions and needs to comply with the requirements of different regulatory authorities. Its overall credibility is generally higher. However, it should be noted that regulatory strength differs between licenses. Some offshore regulations have weaker restrictions, so safety should not be judged only by the number of licenses. It is recommended to focus on whether the broker holds licenses from major regulators such as FCA or ASIC, and evaluate its regulatory status, historical records, and overall rating together. You can also check all regulatory information and performance under different regulators on the WikiFX platform to more comprehensively assess its actual risk level.

WikiFX ratings are calculated based on a multi-dimensional data model, mainly including five dimensions: regulatory index, license index, business index, risk control index, and software index. The rating adopts a range system (0-10 points). The higher the score, the higher the broker's overall performance level. In addition, ratings are dynamically updated according to regulatory changes, complaint handling results, and historical data performance, making the rating more objective and timely. You can check the scores of each dimension and their trends on the WikiFX platform to evaluate the broker's actual situation more comprehensively.