Set Market Trade is presented as an online trading platform or investment broker offering access to markets via its website. In this Set Market Trade Review and feedback roundup, people report aggressive cold calls, promises of fast returns, unclear terms, and problems withdrawing funds. The platform appears to operate without FCA authorisation, which is why the firm is flagged as an unauthorised investment broker and appears on the FCA Warning List.
The FCA warning lists Set Market Trade because it is not authorised to offer regulated financial services in the UK. Common reasons a firm is listed include promoting trading services without a licence, using misleading contact details, and targeting UK consumers. The FCA flags Set Market Trade to warn the public about trust issues, complaints and potential fraud. This Set Market Trade FCA Warning and risks page helps explain why the firm is on the list and what that could mean for investors.
Unauthorized: This firm may be providing or promoting financial services or products without our permission. You should avoid dealing with this firm and beware of scams. Almost all firms and individuals must be authorised or registered by us to carry out or promote financial services in the UK. This firm is not authorised by us and may be targeting people in the UK. Name: Set Market Trade / www.setmarkettrade.com. Some firms may give incorrect contact details including postal addresses, telephone numbers and email addresses. They may change these contact details over time. They may also give you details that belong to another business or individual, so the information looks genuine.
Unauthorized: Set Market Trade may be providing or promoting financial services or products without FCA permission. This Set Market Trade Review highlights that you should avoid dealing with unauthorised firms and beware of scams. Almost all firms and individuals must be authorised or registered by the FCA to carry out or promote financial services in the UK. Set Market Trade is not authorised and may be targeting people in the UK. Search the FCA Warning List for other unauthorised firms and individuals. Unauthorised firm details: Name: Set Market Trade / https://www.setmarkettrade.com. Some firms give incorrect addresses, phone numbers or emails. They may change contact details over time or use details that belong to other businesses so the information looks genuine. What this means for you: If you deal with Set Market Trade, you won’t have access to the Financial Ombudsman Service if you want to complain, and you won’t be protected by the Financial Services Compensation Scheme (FSCS) if things go wrong. That makes it unlikely you’d get your money back if the firm goes out of business. If you sent money to a fraudster on or after 7 October 2024, you may be covered by protections introduced by the Payment Systems Regulator (PSR). Find out what to do if you’ve been tricked into making a payment to a scam account.
You should only deal with financial firms that are authorised by us. If a financial firm is authorised by us, it gives you greater protection if things go wrong. You can use the FCA Firm Checker to make sure a financial firm is authorised by us and has our permission to provide the services you’re looking for. You’ll also be able to find: information on how you’re protected; contact details for authorised firms. If you’re contacted unexpectedly by a financial business, make sure you reply using the contact details on the Firm Checker. Find out more about how to protect yourself from scams. Report an unauthorised firm: If you think you’ve been approached by an unauthorised firm, call us on 0800 111 6768, or use our contact form. Stay informed by subscribing to our website, follow updates about scam brokers, check reviews regularly, and always verify licenses before investing.
Set Market Trade is a scam broker — you should not trust this broker. A review of Set Market Trade in 2025 shows the firm is listed on the FCA Warning List because it is not authorised and may be promoting financial services to people in the UK without permission. Do not deposit funds or share personal information with Set Market Trade; report any contact to the FCA and your bank and use the FCA Firm Checker to verify authorised providers.
