Table of Contents
1. Introduction: Who Is Giraffe Markets?
Giraffe Markets presents itself as a modern forex and CFD broker, promising “world-class service” to traders worldwide. It is owned by Giraffe Markets Ltd, a company registered in Saint Lucia under registration number 2023-00390. According to available records, the company was established either in 2023 or early 2024, depending on the source.
The purpose of this review is to assess the trustworthiness of Giraffe Markets and determine whether it is a legitimate trading platform or a potential offshore scam. Given its registration in a known offshore jurisdiction, many users have expressed concerns about its regulatory status and overall safety.
If you’ve already had a negative experience with Giraffe Markets, we strongly recommend getting in touch with us — we may be able to help.
| Category | Details |
|---|---|
| Company Name | Giraffe Markets Ltd |
| Registration | Saint Lucia – Offshore (Registration No. 2023-00390) |
| Year Founded | 2023 / 2024 (conflicting data) |
| Regulatory Status | ❌ Not regulated by any top-tier authority |
| Trading Platform | MetaTrader 5 (MT5) – desktop, mobile, web |
| Account Types | Standard, Pro, Elite |
| Minimum Deposit | $100 (Standard account) |
| Spreads & Commissions | From 0.0 pips to 1.5 pips; $5 commission per side on Elite |
| Leverage Offered | Up to 1:500 |
| Assets Available | 290+ CFDs (Forex, Crypto, Indices, Commodities, Stocks) |
| Liquidity Transparency | ❌ No disclosure of liquidity providers |
| User Reputation | ⚠️ Low: Fake reviews suspected; real complaints about withdrawals |
| Traffic & Popularity | 546 visits/month (Feb 2025, SimilarWeb) |
| Client Protection | ❌ No fund segregation, no insurance, no legal recourse |
| Red Flags | Offshore registration, no regulation, fake reviews, new company |
| Recommendation | 🚫 Avoid – High-risk broker without regulation |
| Action if Scammed | Contact us, save documentation, request chargeback, report, beware of recovery scams |
2. Regulation and Fund Safety: The Most Critical Factor
At the time of writing, Giraffe Markets is not regulated by any top-tier financial authority. While the broker claims registration in Saint Lucia, it’s important to understand that company registration is not the same as regulation. Saint Lucia is an offshore jurisdiction that does not require forex brokers to hold a license for international trading activities.
Some users have been misled by Giraffe Markets’ references to authorities such as the FSRA, DFSA, or FCA. However, checks against the official registries of Dubai’s DFSA and the UK’s FCA reveal that Giraffe Markets is not licensed or recognized by these regulators. In reality, the company may have only virtual offices in these locations — not regulated entities.
The implications of being unregulated are serious:
- No client fund protection: Your deposits are not held in segregated accounts, and there is no mandatory insurance.
- No auditing or financial oversight: This increases the risk of internal fraud or manipulation.
- No legal recourse: If Giraffe Markets freezes your account, cancels profits, or refuses withdrawals, there’s nothing you can do — there is no authority to appeal to.
In contrast, trustworthy brokers like Pepperstone, IC Markets, or Admirals operate under strict oversight from top-tier regulators such as ASIC, FCA, or CySEC. These bodies enforce rigorous compliance with financial reporting, AML policies, and trade execution standards. Giraffe Markets offers none of these protections.
If you’ve already lost money through Giraffe Markets, do not wait — contact us immediately to explore recovery options.
3. Trading Conditions and Account Types
Giraffe Markets offers three account types: Standard, Pro, and Elite.
- The Standard account starts with a $100 minimum deposit, spreads from 1.5 pips, no commission, and swap-free trading.
- The Pro account offers tighter spreads (from 1.2 pips), also with no commissions.
- The Elite account has raw spreads from 0.0 pips, but includes a $5 commission per side and applies swaps.
The platform advertises leverage up to 1:500, and provides access to over 290 CFDs, including forex, commodities, indices, crypto, and shares. Minimum trade size is 0.01 lots.
All trading is done through MetaTrader 5 (MT5) — a popular platform available on desktop, mobile, and web. However, the availability of MT5 does not validate the broker’s legitimacy. MT5 licenses can be purchased by any company, including scam operations, and provide no guarantees about trade execution or fund safety.
Another concern is the lack of transparency regarding liquidity providers. Giraffe Markets does not disclose any partnerships with banks or ECNs, nor does it demonstrate that it operates on a true STP or ECN model. These are red flags.
READ MORE:
4. User Reviews and Reputation
When analyzing user reviews of Giraffe Markets platform, the picture becomes even more troubling:
- Clear Markets: 0 reviews — no trust data available.
- Forex Daily Info: 3.0/5 based on a single review.
- Financial Reviews by Experts: 1.5/5 based on two reviews.
While there are some positive reviews, they appear suspiciously uniform — using identical phrases like “great execution, fast withdrawals, best broker ever.” This strongly suggests fake reviews posted by the company itself to inflate its reputation.
One genuine review reported waiting over a week for a $1,000 withdrawal with no response from customer support. Combined with the broker’s lack of license, these user experiences should raise serious alarms.
The company is extremely new, operating since only 2023, and according to SimilarWeb, it has just 546 monthly visitors (Feb 2025). This is not the footprint of a global trading powerhouse — it’s the activity level of a low-traffic, unregulated entity.
If you’ve had trouble withdrawing your funds or noticed strange behavior on your account, don’t delay — reach out to us for support.
5. Pros and Cons Summary
Cons:
- Not regulated by any financial authority.
- Offshore registration in Saint Lucia.
- No operational history — newly formed in 2023.
- Suspicion of fake positive reviews.
- No transparency on liquidity or trade execution.
- Does not accept U.S. clients.
Pros (as advertised):
- Access to 290+ CFDs across various asset classes.
- Offers MT5 trading platform.
- Provides 24/5 customer support.
- Features commission-free trading on some accounts.
6. Final Verdict and Recommendations
After carefully analyzing all available information, it’s clear that Giraffe Markets is not a trustworthy broker. This is a textbook example of an offshore forex company claiming to offer professional services while operating without a license and using misleading marketing tactics.
Behind the polished website and claims of “institutional-grade service” lies a platform that provides no protection for your money. Trading with Giraffe Markets comes with a high risk of unfair practices, delays, and potential financial loss.
We strongly recommend avoiding this broker.
If you’re considering investing, choose a broker regulated by a top-tier financial authority. If you’ve already deposited funds and are now facing issues, here’s what you can do:
- Document everything: Save all emails, chats, and screenshots.
- Request a chargeback: Contact your bank or card provider.
- Seek legal help: In some cases, legal action may be possible.
- Report to financial authorities: Even if unregulated, report the entity to consumer protection agencies.
We understand the stress of being scammed. If you believe Giraffe Markets has taken advantage of you, contact us immediately. Our team specializes in analyzing broker scams and may be able to help you explore your next steps.