Stepup Markets Scam: Island Company, India Address

Stepup Markets, promoted with a "true ECN" and tight spread slogan, is a forex and CFD platform backed by a company incorporated in Saint Vincent and the Grenadines, while showing its operating address in India. This operation, which accepts users from Türkiye, makes no declaration of any financial licence.

🔍 Company Identity and Contact Traces

🚩 Why an Island Registration Is Not a Licence

A company number obtained in Saint Vincent shows only a commercial presence; that country does not license forex intermediation. The fact that the site names no regulator at all confirms this. In operations of this kind, customer representatives call by phone and steer people towards raising the investment amount step by step; when a withdrawal request arrives, additional conditions are put forward.

SPK Decision No. 8/297 describes bringing parties together with foreign institutions for leveraged trading as unauthorised activity.

🔗 Platforms Operating with a Similar Scheme

We have previously reviewed the combination of an island company and an India-based operation:

🧭 How Does the Legal Process Proceed?

In such cases, the first matter addressed is the invalidity of an account agreement signed with an unauthorised institutionTR; after that, routes to a refund from an overseas forex firm and the organisational structure of the calling representativesTR are assessed. For detailed information and legal support, you can contact Savun Law & Consultancy.

❓ Frequently Asked Questions