COSMO MARKETS

Cosmo Markets is a relatively new entity, operating for less than a year from Saint Lucia. According to WikiFX assessment, it holds a current business registration license from the Saint Lucia Financial Services Regulatory Authority (FSRA). However, this regulatory framework is not considered mainstream or rigorous in the forex industry and does not offer the investor protections associated with top-tier authorities like the FCA or ASIC. This contributes to the broker's WikiFX score of 6.78, which indicates significant concerns. The broker operates without oversight from a major global regulator, which is a material factor for traders evaluating safety and reliability.

Cosmo Markets holds one active financial services license. The broker is registered as a business in Saint Lucia under the Saint Lucia Financial Services Regulatory Authority (FSRA), with license number 2025-00655. It is crucial for traders to understand that this license is a general business registration and is not a dedicated forex or securities trading authorization from a well-established, top-tier financial regulator. The level of client fund protection and regulatory oversight under this model is substantially lower than that of brokers licensed by authorities such as the UK's FCA or Australia's ASIC.

The minimum deposit requirement at Cosmo Markets varies by account type. According to its published account specifications, the Standard account requires a minimum deposit of $1,000, while the ECN account has a higher entry point of $5,000. The ECN PRO account is accessible with a deposit starting at $1,000. The $500 minimum deposit figure noted in the broker's general summary is associated with some of its offerings. These entry levels are significantly higher than many competitors, who often offer accounts starting from $10 to $250.

Cosmo Markets supports the MetaTrader 5 (MT5) trading platform. According to WikiFX data, the broker has been identified as a 'Full License MT5' provider, which indicates it has the necessary licensing from MetaQuotes to offer the platform to its clients. The average order execution speed on its MT5 platform is reported to be 167ms. It does not offer support for the older MetaTrader 4 (MT4) platform. All listed account types (Standard, ECN, ECN PRO) support key MT5 features, including the use of Expert Advisors (EAs) and scalping strategies.