Selected Markets

Selected Markets is an online brokerage brand operated by Halsted Holdings Ltd, a company incorporated in Saint Vincent and the Grenadines on 18 October 2019. The broker positions itself as a provider of forex and share trading services, targeting clients who are willing to commit substantial capital. Despite the high minimum deposit thresholds, the company does not hold any recognized regulatory license, which immediately raises questions about its operational legitimacy. Our review of public records found no verifiable regulatory authorizations, and employee count is listed as zero, suggesting a skeletal operation.

Selected Markets is not regulated by any financial authority. Its parent company is registered in Saint Vincent and the Grenadines, a jurisdiction known for its lax oversight of forex brokers. This means client funds are not protected by any compensation scheme, and there is no external dispute resolution mechanism. Traders should be aware that unregulated brokers are free to set their own rules, and in the event of a dispute, there is little legal recourse. The absence of regulation is a critical factor for anyone considering depositing money with this broker.

The broker structures its offering around five tiers, each with a steep entry barrier: Practitioner Account (€5,000), Advanced Account (€10,000), Preferred Account (€25,000), Selected Account (€50,000), and Infinite Selection (€100,000). Beyond the minimum deposit, Selected Markets does not publicly disclose key details such as leverage, spreads, or commissions for any of these account levels. This lack of transparency makes it impossible for traders to compare costs or understand the trading conditions before funding an account.

Selected Markets offers a web-based trading platform that, according to the broker's website, is accessible via both desktop and mobile browsers. There is no mention of third-party platforms like MetaTrader 4 or 5. While a handful of user reviews indicate the platform functions adequately for basic order placement, the absence of a widely recognized trading suite limits the tools available for analysis and automated trading.

The broker's website does not provide a clear list of tradable instruments. User reviews and scattered promotional material suggest that forex and shares may be offered, but the scope—such as currency pairs, indices, or commodities—remains unverified. Without a detailed product list, traders cannot assess the market opportunities or diversity, which is a significant red flag.

Given the high minimum deposits and lack of regulatory protection, Selected Markets appears to target individuals with substantial capital who are willing to overlook fundamental safety concerns. However, the overwhelming negative feedback from actual users—including reports of blocked withdrawals and funds routed to obscure third-party accounts—suggests that even high-net-worth traders would be better served by a regulated broker. The combination of opaque terms and serious scam allegations makes this broker unsuitable for the vast majority of retail investors.