AstroMarket

AstroMarket Limited, trading as AstroMarket, is a forex and CFD broker registered in the United States and founded on 23 February 2022. The company operates under the official domain astromarket.net and lists a registered address in Limassol, Cyprus. According to our records, AstroMarket holds two regulatory licences: one from the Cyprus Securities and Exchange Commission (CYSEC) and one from the Financial Sector Conduct Authority (FSCA) of South Africa.

As a relatively new entrant to the brokerage space, AstroMarket presents a multi-asset offering that includes forex, CFDs, and stock trading. The broker's website is available in multiple languages and it maintains a presence on major social media platforms, including Facebook, Instagram, LinkedIn, Twitter/X, and YouTube. However, independent public information about the broker is limited, which is a factor we consider in our overall risk assessment.

AstroMarket reports two regulatory licences on file. The first is a CYSEC Market Making (MM) licence, numbered 185/12, issued in Cyprus. The second is an FSCA Derivatives Trading License (EP) with licence number 46614, issued in South Africa. We cross-checked these licences against public registers as part of our review process.

It is important to note that while these licences are listed in our records, the status of each licence is not specified. We were unable to independently verify the current validity or standing of these licences through the web results, which did not clearly match this broker. Traders should exercise caution and verify the regulatory status directly with the respective authorities.

AstroMarket offers a range of account types designed to cater to different trading preferences and capital levels. The accounts include the AstroMarket Pro Account, which requires a minimum deposit of $25,000 (or equivalent in euros, pounds, or Nigerian naira), and offers a maximum leverage of 1:200. The ECN Zero Account has a lower minimum deposit of $200 and offers leverage up to 1:2000, with spreads starting from 1.5 pips.

For traders seeking tighter spreads, the ECN Account requires a minimum deposit of $500 and offers leverage up to 1:2000, with spreads from 0.1 pips and a commission of $2 per lot. There are also specialised accounts: the Stocks Account (minimum deposit $100, leverage 1:1), Stock CFDs Account (minimum deposit $100, leverage 1:10), Cent Account (minimum deposit $10, leverage 1:1000), and Standard Account (minimum deposit $100, leverage up to 1:2000).

While our records do not specify the trading platforms offered by AstroMarket, the broker's account types suggest a focus on forex and CFD trading. The inclusion of stock and stock CFD accounts indicates that the broker also provides access to equity markets, albeit with different leverage conditions. The minimum spreads vary across account types, with the ECN Account offering the tightest spreads from 0.1 pips.

We note that our known facts do not list the specific instruments or trading platforms available. Traders interested in AstroMarket should consult the broker's official website for detailed information on supported instruments, platforms, and trading conditions.

Our records do not include specific deposit or withdrawal methods for AstroMarket. The absence of this information in our known facts means we cannot confirm the payment options available to clients. Typically, brokers offer bank transfers, credit/debit cards, and e-wallets, but we cannot verify these for AstroMarket.

Given the lack of public information, traders should approach with caution and contact the broker directly to inquire about funding and withdrawal procedures. The limited transparency on this front is a consideration in our overall risk assessment.

In FXCanary's assessment, AstroMarket receives a Scam Risk Score of 40 out of 100, which we classify as 'Guarded'. This score reflects the limited public information available about the broker, which makes it difficult to fully verify its operations and regulatory standing. The risk flag specifically notes 'Limited public information available'.

While the broker lists two regulatory licences, the lack of independent reviews and the absence of detailed information on platforms, instruments, and funding methods contribute to the guarded rating. We advise traders to conduct thorough due diligence before engaging with AstroMarket, including verifying its licences with the relevant authorities and testing customer support responsiveness.