Base Markets

After reviewing Base Markets, we assess it as a high-risk, likely fraudulent broker. Below we break down exactly why, and what your options are if you have already deposited.

Who is Base Markets?

Base Markets markets itself as an online trading and investment service. Its public site is presented at https://www.basemarkets.com/. As with most operations of this kind, the polished front end conceals a lack of the basic protections a real, regulated broker is required to provide.

Is Base Markets regulated?

We could find no evidence that Base Markets holds a valid licence from any recognised financial regulator. Trading client funds without authorisation is one of the strongest indicators of a scam — there is no regulator to complain to, and no protection for your money.

Red flags we identified

• Unrealistic profit claims and pressure to deposit more
• Withdrawals reportedly blocked behind “taxes,” “fees” or account “upgrades”
• No credible physical address or verifiable corporate record
• Offshore or shell-company registration used to avoid oversight
• Aggressive “account managers” coaching clients to deposit

Our analysis

Base Markets states that it is regulated by the Mauritius Financial Services Commission (FSC). However, upon searching the official FSC register using the company name Base Markets Ltd., we found no record of a licensed entity matching that name. This indicates that Base Markets is not authorized by the Mauritius FSC—or any other credible financial regulator—to offer investment or forex trading services. Therefore, Base Markets appears to be a scam.

Can you recover money lost to Base Markets?

If you have deposited with Base Markets, do not pay any further “fees” to withdraw — that is part of the trap. Funds sent to operations like this can sometimes be traced on-chain and pursued through the exchanges and processors that received them. Whether recovery is realistic depends on how you paid and how quickly you act.