Sample dataset. Every broker below is a fictional, illustrative profile built to demonstrate how Forxzen's ranking system works — not a real brokerage. Regulator tiers (FCA/ASIC/CySEC-class vs. offshore) are used correctly as a concept; the specific figures are for demonstration only. Always verify a real broker's licensing and terms directly with the regulator and the broker itself before depositing.
Pallas Markets
Unlisted · Founded 2022
Reviewed byElena Novak·Senior Forex & CFD Markets Analyst
Last reviewed:
Why this tier?
- No verified regulator — We could not find this entity on any national financial regulator's public register.
- Extreme leverage — 1:3000 is an outlier even among offshore brokers and warrants real caution.
- No published address — No verifiable registered company address was found in the terms we reviewed.
Our Pallas Markets review
Pallas Markets is the clearest "avoid until proven otherwise" case in this sample. We could not verify any regulatory registration for the entity, the published spread is the widest of any broker here, and 1:3000 leverage is high even by offshore standards.
This is exactly the profile our grading methodology is built to catch — low headline barriers to entry (a $5 deposit) paired with none of the investor protections a licensed broker is required to carry.
✓ Pros
- +$5 minimum deposit
✕ Cons
- −No regulator we could verify in any public register
- −Widest typical spread in this sample set
- −1:3000 leverage — losses can exceed deposit in a single adverse move
- −No published registered company address
EUR/USD spread
2.4 pips
1.6–4.2 pips Sample dataset · not live
Min. deposit
$5
Max. leverage
1:3000
Execution
MM
Platforms
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