ANSWER Alamiya Markets does not fall under regulation and should be avoided at all events. Alamiya Markets claims it is a reliable broker while presenting zero details about its regulation. Lacking regulation info is a distinctive characteristic of unlicensed brokers, as legit brokers always display their licenses and certificates in a prominent place. It is a red flag here.Downloading its official MT5 trading platform, we found the office address of this broker is in Belize. However, we did not find any match results to Alamiya Markets in the Belize Financial Services Commission (Belize FSC). The truth is, Alamiya Markets is not overseen by any regulators. That means investors' funds in this broker are unsafe and cannot be protected by any laws. Therefore, it is a thorough scam. We would recommend traders stay away from unregulated brokers like Alamiya Markets and trade with licensed brokers.
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