Review summary
Step One Markets, operating as Step One Markets Limited, is a relatively new broker that has been active for 1-2 years. Its official registration is in Saint Vincent and the Grenadines, an offshore jurisdiction known for its light-touch regulatory framework for financial services. The broker provides retail traders with access to multiple account types, including a CLASSIC account with a $100 minimum deposit and leverage up to 1:400, a STANDARD account requiring $1000 with 1:200 leverage, and an ECN account with a $5000 entry point and 1:100 leverage, all featuring spreads starting from 0.5 pips and support for scalping and Expert Advisors. Critically, the broker holds no valid forex trading licenses from authoritative financial regulators. It operates entirely without the financial oversight and client fund protections offered by mainstream regulatory bodies. According to WikiFX data, this results in an exceptionally low overall trust score of 1.23 out of 10, which reflects the absence of any credible regulatory supervision. Consequently, engaging with this entity entails a high degree of counterparty risk, as traders have no formal recourse in the event of disputes. Note: Regulatory status, trading conditions, and risk assessments may vary by jurisdiction. The WikiFX score reflects currently available information.Please verify all entity details independently before trading. (Updated: 2026-04-07)
