About ALT Markets
Who is ALT Markets?
ALT Markets is a forex broker that claims to be registered in the United Arab Emirates, with a registered address at Level 41, Emirates Towers Sheikh Zayed Road, Dubai. According to our records, the company was established on 8 April 2019.
The broker's official website is altmarkets.com, though its actual office address has not been publicly confirmed. As an unregulated entity, ALT Markets does not fall under the supervision of any financial regulatory authority, which is a significant factor for traders to consider.
Regulation and Safety
Our research found that ALT Markets holds no valid regulatory licences from any recognised financial regulator. The broker is not authorised by the UAE's Securities and Commodities Authority (SCA) or any other major oversight body such as the FCA, CySEC, or ASIC.
The absence of regulation means that client funds are not protected by investor compensation schemes or subjected to mandatory segregation requirements. Traders must be aware that in the event of a dispute or broker failure, there is no official recourse or protection.
Trading Conditions and Accounts
Due to limited public information, details about ALT Markets' trading conditions are scarce. The broker likely offers standard retail forex and CFD products, but specific account types, spreads, leverage, and commissions have not been disclosed in our sources.
Without transparency on trading costs and conditions, it is difficult for traders to assess the competitiveness of the broker's offerings. Prospective clients should exercise caution and demand full disclosure before committing funds.
Platforms and Instruments
ALT Markets does not publicly specify which trading platforms it supports. Industry practice suggests that unregulated brokers often use popular platforms such as MetaTrader 4 or 5, or proprietary web-based platforms.
The range of tradable instruments is also unconfirmed, although forex brokers typically offer currency pairs, commodities, indices, and cryptocurrencies. Traders should verify platform availability and instrument list directly with the broker before opening an account.
Deposits and Withdrawals
Funding methods are not explicitly listed for ALT Markets. Common options among brokers include bank transfers, credit/debit cards, and various e-wallets, but without official confirmation, this remains speculative.
Withdrawal policies and processing times are also unknown. The lack of published information on financial operations is a red flag, as it prevents traders from planning their capital management effectively.
Target Audience
Given its unregulated status and limited public profile, ALT Markets appears to target traders who are willing to accept higher risk in exchange for potential high leverage or flexible trading conditions often found with offshore brokers.
This broker is not suitable for risk-averse traders or those seeking regulatory protection. Beginners in particular should exercise extreme caution, as the absence of oversight increases the potential for unfair practices.
Overview compiled by FXCanary from regulatory records and public data. full ALT Markets review