Shiba Markets

Is Shiba Markets a scam? Based on its regulatory footprint, withdrawal behaviour and corporate transparency, our verdict is clear — and concerning. Here is the full review.

Who is Shiba Markets?

On the surface, Shiba Markets looks like an ordinary forex and crypto broker. Its public site is presented at https://www.shibamarkets.com/. But surface impressions are exactly what these operations rely on — the substance behind Shiba Markets is where the problems begin.

Is Shiba Markets regulated?

Shiba Markets provides no verifiable regulatory licence. An unregulated broker answers to no one: it can freeze withdrawals, invent fees, and disappear with deposits, all without consequence. This alone is reason enough to stay away.

Red flags we identified

• Account dashboards that show “gains” with no real market exposure
• Opaque or anonymous corporate ownership
• Unrealistic profit claims and pressure to deposit more
• No credible physical address or verifiable corporate record
• Aggressive “account managers” coaching clients to deposit

Our analysis

On Feb 29, 2024, the Swiss Financial Market Supervisory Authority (FINMA) issued a warning against Shiba Markets, stating that this broker is not entered in its commercial register. https://www.finma.ch/en/finma-public/warning-list/shiba-markets/

Can you recover money lost to Shiba Markets?

If you have deposited with Shiba 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.