AndroMarkets is a good broker?

https://andromarkets.com/

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.