Amtop Markets Ltd

Amtop Markets Ltd is a forex broker registered in China, established on 7 November 2022. According to our records, the company was founded less than a year ago and describes itself as an online forex broker providing common financial instruments in the forex markets. The official domain is amtoppd.com.

Our records indicate that Amtop Markets Ltd holds a single licence from the Financial Conduct Authority (FCA) in the United Kingdom, classified as a Forex Execution License (STP). The licence number is 146311. However, the status of this licence is not specified in our records. The company reports zero employees, which is a notable point for potential clients to consider.

Amtop Markets Ltd is listed as regulated by the FCA, with one licence on file. The licence type is a Forex Execution License (STP), which suggests the broker operates on a straight-through processing model, typically passing client orders directly to liquidity providers. The licence number is 146311, and the regulatory jurisdiction is the United Kingdom.

It is important to note that while the FCA is a reputable regulator, the specific status of this licence is not confirmed in our records. The company's registration in China, combined with an FCA licence, may raise questions about the actual operational presence and oversight. Traders should verify the licence status directly with the FCA before engaging with the broker.

Based on the limited information available, Amtop Markets Ltd states that it provides common financial instruments in the forex markets. This likely includes major, minor, and exotic currency pairs, and possibly other asset classes such as commodities or indices, though specific details are not disclosed in our records.

Information about the trading platform, account types, and specific instruments is not available from our known facts. The company's website, amtoppd.com, may provide further details, but we were unable to verify its content due to the low web confidence. Potential traders should visit the official site to obtain accurate information about the trading conditions.

Our records do not contain specific information about the account types offered by Amtop Markets Ltd. As a forex broker, it is common to offer various account tiers, such as standard, mini, or ECN accounts, but without official data, we cannot confirm these details.

Similarly, funding methods, minimum deposit requirements, and leverage options are not disclosed in our known facts. Traders interested in these details should consult the broker's website or contact their support team. However, given the lack of verifiable information, caution is advised.

In FXCanary's assessment, Amtop Markets Ltd presents a high-risk profile. Our records indicate a Scam Risk Score of 85/100, which is classified as 'Severe'. This score is based on several risk flags, including being listed as a 'Fake Broker' in industry watchdog records, identified as a clone or impersonator firm, and having withdrawal complaints in approximately 200% of recent reviews.

Additionally, the company has no verifiable website or social-media presence, which is a significant red flag. The combination of these factors suggests that traders should exercise extreme caution when considering this broker. The lack of independent user reviews and the short operational history further contribute to the risk.

Amtop Markets Ltd is a newly established forex broker with a registered office in China and an FCA licence on file. However, the high scam risk score and the presence of serious risk flags indicate that the broker may not be reliable. The absence of verifiable online presence and the limited public information make it difficult to assess the broker's legitimacy.

We recommend that traders avoid this broker until more transparent and verifiable information is available. Always conduct thorough due diligence, check regulatory status directly with the FCA, and consider the risks involved before depositing any funds.