BrokersView has found that AndroMarkets appears to be 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.

Does AndroMarkets have good spreads? Dear Investor, We do not recommend using the AndroMarkets platform, as it fails to provide any verifiable regulatory information. While the platform claims to operate under the name Andro Markets Ltd, registered in Saint Lucia, and maintains a physical presence in Dubai, our investigation raises serious concerns. First, although a registration with the Saint Lucia International Financial Centre (IFC) can be located, this merely confers International Business Company (IBC) status. This is not equivalent to a valid financial services license, as the IFC does not regulate or authorize forex trading activities. Second, a thorough 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), revealed 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 summary, AndroMarkets operates without legitimate regulatory oversight from any recognized authority. Therefore, we strongly advise you to avoid engaging in any transactions with this platform to protect your funds. View Source

AndroMarkets is a good broker? Dear Investor, We do not recommend trading with AndroMarkets. The platform claims to operate under the name Andro Markets Ltd, registered in Saint Lucia, and states it maintains a physical presence in Dubai. First, while we did confirm its registration with the Saint Lucia International Financial Centre (IFC), this only grants it International Business Company (IBC) status, which is not a valid financial services license. Importantly, the IFC does not regulate or license forex trading activities, so this registration offers no regulatory protection. Second, we thoroughly searched 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), and found 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 in any jurisdiction and is operating without compliance oversight. Given these serious red flags, we strongly advise you to avoid any trading activities with AndroMarkets. View Source