Is AN Markets a Scam?

At FXCanary, our safety assessment is built from a combination of regulatory records, corporate registration data, and the verifiable digital footprint of the broker itself. We cross-check every licence against the public register of the issuing authority, we look for the presence of a live website and active social-media channels, and we weigh the strength of the client-fund protection regime in each jurisdiction where the broker holds a licence. For a broker with no independent user reviews, this documentary evidence is the only reliable foundation for a safety verdict.

AN Markets presents an unusual profile. Our records show a company registered in Australia, founded on 8 June 2023, with two licences on file: one from the National Bank of the Republic of Belarus (NBRB) and one from the Seychelles Financial Services Authority (FSA). What stands out immediately is the absence of any verifiable website or social-media presence, and a registered address in Sydney that we could not independently confirm as a physical trading floor. In FXCanary's assessment, this combination of offshore licensing and a missing digital footprint is precisely the kind of profile that demands caution.

Our Scam Risk Score for AN Markets is 43 out of 100, which places the broker in the 'Guarded' category. This is not an accusation of fraud, but a clear warning that the available evidence does not support a high level of trust. The score is heavily influenced by the fact that we found no verifiable website or social-media presence for the broker, which is a major red flag in an industry where transparency and accessibility are the norm.

The score also reflects the absence of any independent user reviews. While a lack of reviews is not itself evidence of wrongdoing, it means we have no real-world trading experiences to corroborate the broker's claims. In our methodology, a broker with no digital footprint and no user feedback cannot be assigned a 'safe' rating, no matter how legitimate its paperwork appears. The 'Guarded' label is our way of saying: proceed only with extreme caution and independent verification.

The first licence on file is from the National Bank of the Republic of Belarus, listed as a Forex Trading License (EP) with licence number 193583860. The NBRB is the central bank of Belarus and does regulate forex brokers, but its regime is not widely recognised as offering the same level of investor protection as, say, the UK's FCA or the Cyprus CySEC. Belarus is not a major financial centre, and its regulatory framework is not designed to protect foreign clients in the same way as EU or UK regimes.

Crucially, our records do not show the status of this licence, and we have no evidence of any client-fund protection mechanisms such as a compensation scheme or negative-balance protection. The NBRB's rules on segregation of client funds are not publicly detailed in our files, and we could not verify them independently. For a trader, this means that if AN Markets were to fail, there is no clear safety net to recover funds.

The second licence is from the Seychelles Financial Services Authority, listed as a Derivatives Trading License (EP) with licence number SD018. The Seychelles is a well-known offshore jurisdiction for forex and CFD brokers, and the FSA's regulatory regime is generally considered to be light-touch. While the FSA does require licensees to maintain a physical presence and comply with anti-money-laundering rules, it does not offer the same level of investor protection as onshore regulators.

There is no compensation scheme for clients of Seychelles-licensed brokers, and negative-balance protection is not a statutory requirement. The FSA does not typically mandate segregation of client funds in a way that is independently audited, and enforcement actions are rare. In our assessment, a Seychelles licence is a weak safeguard for a retail trader. It provides a degree of formal oversight, but it does not offer the kind of protection that a trader would expect from a major financial regulator.

One of the most striking findings in our review is the complete absence of a verifiable website or social-media presence for AN Markets. The official domain is listed as '--' in our records, and we found no active web presence in our searches. In the modern forex industry, a broker without a website is almost unheard of; even the most obscure firms typically have at least a basic landing page.

This absence is a significant red flag. It means that a potential client cannot review the broker's terms, check its trading conditions, or even confirm that it is a real operating entity. It also makes it impossible for us to verify the broker's claims about its services. In our safety assessment, this lack of transparency is a major contributor to the 'Guarded' score. We would strongly advise any trader to treat a broker with no digital footprint as high-risk, regardless of its regulatory paperwork.

Our records show that no clone or impersonator sites have been found for AN Markets. This is a positive finding, as clone brokers are a common problem in the industry, where fraudsters create fake websites using the name and licence details of a legitimate firm. The absence of clones suggests that the broker is not yet a target for such scams, possibly because it is so obscure.

However, this does not mean that the risk is zero. The name 'AN Markets' is generic enough that it could be confused with other entities, and we found web search results that may refer to a different company with a similar name. We could not confirm that those results describe this broker, and we have set our confidence in the web data to 'low'. For traders, the lesson is to always verify the exact domain and licence numbers directly with the regulator before depositing funds.

If you are still considering AN Markets, we urge you to take a series of protective steps. First, demand a verifiable website and a physical address that you can confirm. A legitimate broker should be able to provide a live domain and a street address that matches its regulatory filings. Second, contact the NBRB and the Seychelles FSA directly to confirm that the licences are active and that AN Markets is in good standing. You can do this using the licence numbers we have provided, but always cross-check them on the official regulator websites.

Third, never deposit more than you can afford to lose, and consider using a separate account for any funds you commit. Fourth, be wary of any unsolicited contact from 'AN Markets' representatives, as this could be a sign of a scam. Finally, keep in mind that the absence of user reviews means you have no independent confirmation of the broker's reliability. In our view, the safest course of action is to avoid this broker until it establishes a credible online presence and a stronger regulatory profile.

In FXCanary's assessment, AN Markets is a broker that currently fails the basic transparency test. It has two offshore licences, but neither offers robust client protection, and the complete lack of a website or social media presence makes it impossible to verify its operations. Our Scam Risk Score of 43/100 reflects this uncertainty, and we would not recommend this broker to any trader without a very high risk tolerance.

The absence of independent reviews and a verifiable digital footprint is the story here. For a cautious trader, that absence is a warning sign, not a neutral fact. Until AN Markets provides clear evidence of its legitimacy, we advise treating it with the same caution you would any unregulated or weakly regulated entity. We will continue to monitor the broker and update our assessment if new information emerges.