AndroMarkets presents itself as a legitimate trading platform, but the evidence tells a different story. Here is what our review of AndroMarkets uncovered.
None found
High (4/4)
Undisclosed
Avoid — do not deposit
Who is AndroMarkets?
On the surface, AndroMarkets looks like an ordinary forex and crypto broker. Its public site is presented at https://andromarkets.com/. But surface impressions are exactly what these operations rely on — the substance behind AndroMarkets is where the problems begin.
Is AndroMarkets regulated?
We could find no evidence that AndroMarkets holds a valid licence from any recognised financial regulator. Trading client funds without authorisation is one of the strongest indicators of a scam — there is no regulator to complain to, and no protection for your money.
Red flags we identified
- Withdrawals reportedly blocked behind “taxes,” “fees” or account “upgrades”
- Offshore or shell-company registration used to avoid oversight
- Account dashboards that show “gains” with no real market exposure
- No credible physical address or verifiable corporate record
- Unrealistic profit claims and pressure to deposit more
Our analysis
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.
Can you recover money lost to AndroMarkets?
If you have deposited with AndroMarkets, do not pay any further “fees” to withdraw — that is part of the trap. Funds sent to operations like this can sometimes be traced on-chain and pursued through the exchanges and processors that received them. Whether recovery is realistic depends on how you paid and how quickly you act.
Were you scammed by AndroMarkets?
You may still have options. Our team can trace where your funds went and tell you honestly whether recovery is realistic — with a free, confidential case review.
Start a free recovery review →Warning: never pay an upfront fee to anyone “guaranteeing” recovery. Cleverecovery does not guarantee outcomes.