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AndroMarkets
Operating status: SCAM
Website: https://andromarkets.com/
Broker violations and abnormal records
AndroMarkets claims to operate under the name Andro Markets Ltd, registered in Saint Lucia, and maintains a physical presence in Dubai.
First, while its registration with the Saint Lucia International Financial Centre (IFC) could be found, this only grants it International Business Company (IBC) status, which is not a valid financial services license.
Second, a search of the public registers of all relevant UAE financial regulators, including the Securities and Commodities Authority (SCA), the Dubai Financial Services Authority (DFSA), and the Central Bank of the UAE (CBUAE), shows no record of Andro Markets Ltd or any affiliated entity. This confirms that the platform is not authorized to operate as a broker in Dubai or anywhere else in the UAE.
In effect, AndroMarkets holds no legitimate regulatory license. Therefore, it is a scam.
AndroMarkets claims to operate under the name Andro Markets Ltd, registered in Saint Lucia, and maintains a physical presence in Dubai. First, while its registration with the Saint Lucia International Financial Centre (IFC) could be found, this only grants it International Business Company (IBC) status, which is not a valid financial services license. Second, a search of the public registers of all relevant UAE financial regulators, including the Securities and Commodities Authority (SCA), the Dubai Financial Services Authority (DFSA), and the Central Bank of the UAE (CBUAE), shows no record of Andro Markets Ltd or any affiliated entity. This confirms that the platform is not authorized to operate as a broker in Dubai or anywhere else in the UAE. In effect, AndroMarkets holds no legitimate regulatory license. Therefore, it is a scam.
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