AN Markets Review

When a broker has no independent user reviews and a thin public footprint, our job at FXCanary is to work from the ground up: verify what can be verified, flag what cannot, and give traders a clear-eyed picture of the risks. For AN Markets, we began with the regulatory records on file — two licences, one from the National Bank of the Republic of Belarus (NBRB) and one from the Seychelles Financial Services Authority (FSA) — and cross-checked these against the public registers where possible. We also searched for an official website and any social-media presence, because a broker that cannot be found online is, in itself, a material fact.

Our review found that AN Markets is registered in Australia, with a Sydney address, but the regulatory licences it holds are not Australian. The company was founded in June 2023, making it a very young entity, and our records show zero employees on file. We attempted to locate the official domain, but none is listed in our records, and our web searches did not return a matching site. This is a significant red flag: a forex broker with no verifiable website cannot be properly assessed for trading conditions, client onboarding, or even basic operational transparency.

We want to be explicit about our methodology. We treat the known facts as authoritative and treat web search results with caution, because obscure brokers are frequently confused with similarly named entities. In this case, the search results did not clearly match AN Markets, so we set our confidence in those results to low and relied on the regulatory record and the absence of a public footprint. The result is a review that is necessarily more cautious than celebratory — and that caution is the point.

AN Markets is registered in Australia, with a registered address in Sydney, New South Wales, at Carrington Street. The company was founded on 8 June 2023, which places it among the newest entrants in the retail forex space. A founding date of less than two years ago is not inherently disqualifying — many legitimate brokers start small — but it does mean the firm has no track record through a full market cycle, and no history of regulatory or client-facing conduct to review.

Our records show that AN Markets has zero employees on file. That is an unusual data point for a broker that purports to offer trading services, and it raises questions about operational capacity. It is possible that the company operates with a lean structure or outsources key functions, but from a client perspective, a broker with no visible staff and no website is difficult to contact and even harder to trust. We could not verify any physical presence at the Sydney address, and we found no evidence of a live trading operation.

The Australian registration is worth noting because Australia has a well-regarded regulatory regime under ASIC, but AN Markets does not hold an Australian licence. Instead, it holds licences from Belarus and Seychelles, which are offshore jurisdictions with weaker investor protections. This mismatch — registered in Australia, licensed offshore — is a common pattern among brokers that target international clients while avoiding the stricter oversight of the country where they are based. For a cautious trader, that is a signal to proceed with extreme care.

AN Markets holds a Forex Trading License (EP) from the National Bank of the Republic of Belarus, with licence number 193583860. The NBRB is the central bank of Belarus and does regulate forex brokers operating in the country, but its regime is not one that most international traders would recognise as a strong investor-protection framework. Belarus is not a major financial centre, and its regulatory standards are not equivalent to those of the FCA, ASIC, or CySEC.

Under the NBRB regime, forex brokers are required to be licensed, but the capital requirements and client-fund protections are generally lower than in top-tier jurisdictions. There is no compensation scheme for retail clients in the way that the UK's FSCS or the EU's investor compensation schemes operate. This means that if AN Markets were to fail, clients would have limited recourse to recover their funds. The licence status is listed as '—' in our records, which we interpret as not clearly active or not verifiable — another layer of uncertainty.

We cross-checked the licence number against public information, but we could not confirm its current validity. The NBRB does maintain a register of licensed forex companies, but our access was limited, and the absence of a verifiable status is itself a concern. For traders, the key takeaway is that this licence offers minimal practical protection, and it should not be viewed as a substitute for a licence from a major financial regulator.

The second licence on file is a Derivatives Trading License (EP) from the Seychelles Financial Services Authority, with licence number SD018. The Seychelles FSA is a popular offshore regulator for forex and CFD brokers, particularly those targeting clients in Asia and Africa. While the FSA does have a licensing framework, it is widely considered a low-tier regulator, with minimal oversight and no meaningful investor compensation scheme.

Brokers licensed in Seychelles are typically exempt from the leverage caps and client-money rules that apply in the EU or UK. For example, they can offer leverage of 1:500 or higher, and they are not required to segregate client funds in the same strict manner as top-tier jurisdictions. This creates a higher risk of misappropriation or loss in the event of broker insolvency. The FSA does not provide a compensation fund, so clients have no safety net.

We note that the licence status is again listed as '—', meaning we could not verify that it is currently active. The Seychelles FSA does publish a list of licensed entities, but we could not confirm AN Markets on it with certainty. Given the lack of a verifiable website and the absence of any user reviews, we treat this licence as a weak signal of legitimacy. In FXCanary's assessment, an offshore licence from Seychelles, combined with a Belarus licence, does not provide the level of protection that most retail traders should expect from a broker.

One of the most striking findings in our review is that AN Markets has no verifiable website or social-media presence. Our records list the official domain as '--', and our web searches did not return a site that clearly belongs to this broker. In the modern forex industry, a website is the primary interface between a broker and its clients — it is where you find trading platforms, account opening, deposit and withdrawal information, and customer support. Without a website, a broker cannot realistically onboard clients or offer trading services.

We searched for variations of the name 'AN Markets' and found no matching domain. It is possible that the broker operates under a different name or that its site is not indexed, but we could not verify any online presence. This is a major red flag, because it means that even if a trader wanted to open an account, they would have no clear way to do so. It also makes it impossible to verify the broker's claims about spreads, commissions, or platform offerings.

In our experience, brokers with no website are either very early-stage operations that have not launched, or they are shells that exist only on paper. Neither scenario is reassuring for a trader. We advise readers to treat any broker that cannot be found online with extreme caution, and to assume that the absence of a web presence is a deliberate choice or a sign of operational failure, not an oversight.

Our records do not contain specific information about AN Markets' account types, minimum deposits, or leverage. We could not access a website or any marketing materials that would provide these details. In the absence of verified figures, we must describe the account structure qualitatively and note that the information is not disclosed in our records.

Typically, brokers offer a range of accounts — such as Standard, Pro, and Islamic — with varying minimum deposits and spreads. For a new broker, the minimum deposit is often set low to attract clients, but that does not necessarily indicate a quality offering. Without concrete data, we cannot comment on whether AN Markets offers competitive conditions or whether its account tiers are suitable for different trader types.

We want to be clear: the lack of account information is not a neutral fact. It is a significant gap in the broker's public profile, and it means that traders cannot make an informed decision about whether to trade with AN Markets. We recommend that any trader who encounters this broker request full account documentation before depositing any funds, and we caution that a broker that does not publish its trading conditions is unlikely to be transparent in other areas.

We found no information about the trading platforms offered by AN Markets. The industry standard is MetaTrader 4 and MetaTrader 5, but some brokers also offer proprietary platforms or web-based solutions. Without a website, we cannot confirm which platforms, if any, are available. This is a critical omission, because the trading platform is the tool that traders use every day, and its quality, stability, and execution speed directly affect trading outcomes.

Similarly, we have no data on the range of tradable instruments. Most forex brokers offer currency pairs, but many also provide CFDs on indices, commodities, and cryptocurrencies. The breadth of instruments can be a differentiator, but it is also a risk factor — a broker with a limited offering may be less established, and a broker with an overly broad offering may be spreading itself too thin. In the case of AN Markets, we simply do not know.

We advise traders to be wary of any broker that does not clearly state its platform and instrument list. These are fundamental aspects of the service, and their absence suggests that the broker is not ready to operate or is deliberately hiding information. In FXCanary's assessment, the lack of platform and instrument details is another reason to avoid this broker until it provides verifiable information.

No information is available regarding deposit and withdrawal methods, processing times, or fees for AN Markets. This is a serious concern because the ability to move money in and out of a trading account is the most basic requirement of a broker. Without clear information on banking options, traders cannot assess the convenience, cost, or security of their funds.

In the forex industry, common deposit methods include bank transfers, credit/debit cards, and e-wallets such as Skrill or Neteller. Withdrawal processing times vary, but reputable brokers typically process requests within a few business days. Fees can also vary, with some brokers charging for withdrawals or currency conversion. We could not verify any of these details for AN Markets.

We strongly caution that a broker with no published deposit and withdrawal policy is a high-risk proposition. Even if a trader were able to open an account, they would have no assurance that they could withdraw their funds in a timely manner, or at all. The absence of this information is a red flag that should not be ignored.

Given the lack of verifiable information, we cannot recommend AN Markets to any category of trader. Beginners, who need clear guidance and strong regulatory protection, would be particularly vulnerable with a broker that has no website and no user reviews. Scalpers and high-frequency traders, who rely on fast execution and low latency, would have no way to assess the trading infrastructure. Swing traders and long-term investors, who may hold positions for days or weeks, would face significant counterparty risk with an offshore broker that offers no compensation scheme.

In short, there is no trader profile for which AN Markets is a suitable choice based on the information available. The broker's youth, offshore licensing, and lack of online presence combine to create a risk profile that is unacceptable for most retail traders. We would advise anyone considering AN Markets to look for a broker with a verifiable website, a top-tier regulatory licence, and a track record of client satisfaction.

That said, we acknowledge that our information is incomplete. If AN Markets were to publish a website, provide clear trading conditions, and demonstrate active regulatory compliance, our assessment could change. But until then, the prudent course is to avoid this broker entirely.

FXCanary's Scam Risk Score for AN Markets is 43 out of 100, which we classify as 'Guarded'. This score reflects the broker's lack of a verifiable website or social-media presence, which is a significant risk flag. The score is not as low as it could be because the broker does hold two licences, even if they are from offshore jurisdictions, and we found no evidence of clone sites or direct scams. However, the absence of a web presence is a major concern that prevents us from giving a higher score.

We want to emphasise that a 'Guarded' score is not a clean bill of health. It means that there are material risks that traders should not ignore. The combination of a young company, zero employees on file, and licences from Belarus and Seychelles — neither of which offers strong investor protection — creates a high probability that a trader would face difficulties with this broker. The lack of any user reviews means there is no independent confirmation that the broker is operational or trustworthy.

Our advice is straightforward: do not deposit funds with AN Markets until it provides verifiable evidence of its operations, including a working website, clear trading conditions, and confirmation that its licences are active. Even then, we would recommend choosing a broker regulated by a top-tier authority such as the FCA, ASIC, or CySEC, which offer robust client protections. In the meantime, treat AN Markets as a high-risk entity and avoid it.

If you are considering any broker, especially one with a limited public footprint, we recommend a set of due-diligence steps. First, verify the broker's regulatory status directly on the regulator's official website, using the licence number provided. In the case of AN Markets, you can check the NBRB and FSA registers, but be aware that these registers may not be easy to navigate, and a licence number alone does not guarantee active status.

Second, look for an official website and read its terms and conditions, risk disclosure, and privacy policy. A legitimate broker will have a professional website with clear contact information, including a physical address and customer support channels. If a broker has no website, that is a deal-breaker. Third, search for independent reviews and user experiences, but be cautious of fake reviews — look for detailed, balanced feedback across multiple platforms.

Finally, never deposit more than you can afford to lose, and consider using a separate bank account or payment method for trading. If a broker offers unusually high leverage or bonuses, treat that as a warning sign. In the case of AN Markets, we recommend avoiding it entirely until it demonstrates a credible, transparent operation. Your capital is too valuable to risk on a broker that cannot be found online.