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Does AndroMarkets have good spreads?
Maria Bhayat
Malaysia
2026-05-26
ANSWER 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.
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AndroMarkets is a good broker?
nmixxxx
Mexico
2025-11-17
ANSWER 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.
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Risk Warning

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.