Score

1.45 /10
Danger

Allianz Market

Dominic

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Exposure

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Score

Regulatory Index0.00

Business Index6.52

Risk Management Index0.00

Software Index4.00

License Index0.00

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Website

Licenses

No valid regulatory information, please be aware of the risk

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40G

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Warning: Low score, please stay away!
Previous Detection : 2024-12-27
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Allianz Market · Company summary

Note: Allianz Market's official website - https://allianzmarket.biz/en is currently inaccessible normally.

Allianz Market Review Summary
Founded2020
Registered Country/RegionDominic
RegulationUnregulated
Market InstrumentsCommodities, Indices, Shares, ETFs, Cryptocurrencies
Demo Account
Leverage1:500
Trading PlatformMT5 and Web
Min Deposit$250
Customer SupportTel: 48221531389
Email: support@allianzmarket.com
Facebook: https://www.facebook.com/Allianz-Market-Plataforma-de-Trading-106816214840770; https://www.facebook.com/Allianz-Market-113101080872295
Instagram: https://www.instagram.com/ftmarketsglobal/
Physical address: 8 Copthall, Roseau Valley 00152, The Commonwealth of Dominica

Registered in Dominica in 2020, Allianz Market serves as a financial brokerage firm offering a variety of trading products, such as Commodities, Indices, Shares, ETFs, and Cryptocurrencies. The company provides comprehensive customer support and leverage up to 1:500. However, it lacks regulation from any financial authorities, which may raise concerns about the safety of client funds.

Allianz Market's homepage

Pros and Cons

Pros Cons
Multiple trading choicesUnavailable website
MT5 trading platformNo regulation
Popular payment optionsNo demo accounts
Comprehensive contact channelsHigh minimum deposit ($250)
Withdrawal fee charged

Is Allianz Market Legit?

No, Allianz market operates without regulation, as the broker is based in Dominica, where there is no oversight of its foreign exchange market. This lack of regulation has made Dominica a breeding ground for various scams. Trading with this broker involves extremely high risks and offers no protection to traders.

Registered office

What Can I Trade on Allianz Market?

Allianz Market provides trading opportunities in a wide range of Commodities (such as precious metals and energies), Indices, Shares, ETFs, and Cryptocurrencies.

Tradable Instruments Supported
Commodities
Indices
Shares
ETFs
Cryptocurrencies
Forex
Bonds
Options

Leverage

On one page, Allianz Market claims to offer leverage up to 1:500, while on another presentation, it states that the leverage is 1:400. Regardless of which figure is accurate, both represent high levels of leverage that pose significant risks to retail investors. In addition, the fact that they are unregulated and lack any credibility exacerbates these risks.

Trading Platform

Allianz Market claims to offer both MetaTrader5 and an “advanced” web-based platform. However, in reality, these platforms appear to be quite basic, inexpensive, and unreliable.

Trading PlatformSupported Available Devices Suitable for
Web Trading PlatformWeb/
MT5/Experienced traders
MT4/Beginners

Trading Platform

Deposit and Withdrawal

  • Allianz Market states that it accepts payments via credit cards such as VISA and MasterCard, Bitcoin, and wire transfers.
  • However, withdrawing funds from Allianz Market is complicated and costly. For instance, if you receive a bonus of only $1,000, you must trade a minimum of $10 million, which is absolutely ridiculous. For more details, please refer to the attached image.
  • In addition, Allianz Market promises zero deposit and withdrawal fees, but in reality, if your trading volume is insufficient, they will charge you a fee of€50. Furthermore, if for any reason Allianz Market decides to “investigate” your account, all your withdrawal requests will be suspended.
Deposit and Withdrawal 1
Deposit and Withdrawal 2

User Reviews

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FX1349771962
more than one year
Didn’t have a good trading experience with this broker. I opened an account with them because of their low deposit requirement and flexible leverage, but it turned out to be a big mistake. The spreads are so wide that it's almost impossible to make a profit, and I can't even withdraw some of the money in my account. So Frustrating!
Didn’t have a good trading experience with this broker. I opened an account with them because of their low deposit requirement and flexible leverage, but it turned out to be a big mistake. The spreads are so wide that it's almost impossible to make a profit, and I can't even withdraw some of the money in my account. So Frustrating!
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2023-03-22 13:43
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宝贝的瓶盖
more than one year
I contacted customer support via telephone and email but no one replies. It's now been 5 months and I still can't make a withdrawal. I know my money has gone just like their inaccessible website.
I contacted customer support via telephone and email but no one replies. It's now been 5 months and I still can't make a withdrawal. I know my money has gone just like their inaccessible website.
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2022-12-08 15:31
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