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Score
Jordan
1-2 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
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Regulatory Index0.00
Business Index4.94
Risk Management Index0.00
Software Index4.00
License Index0.00
No valid regulatory information, please be aware of the risk
Single Core
1G
40G
Andromeda Markets, established in January 2023 and based in Mauritius, offers forex, commodity, index, and share CFD trading through the user-friendly MT5 platform. While it has no swap fees, a high leverage ratio of 1:400, and three different account options, the unregulatory status poses a significant risk to investors. The high minimum deposit requirement for certain accounts and the relatively high stop-out level are also problems for some traders.
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Andromeda Markets operates without any regulatory body to oversee its operation. Such absence of rules may place investors at a higher risk, given that there is no institution to monitor. The domain andromedamarkets.com was registered on Jan 01, 2023, and is currently in a status where the owner has prohibited domain transfers.
Andromeda Markets offers trading in multiple financial instruments, including Forex, Commodities, Indices, and Shares.
Tradable Instruments | Supported |
Metals | ✔ |
Shares CFDs | ✔ |
Commodities | ✔ |
Indices | ✔ |
ETFs | ❌ |
Bonds | ❌ |
Mutual Funds | ❌ |
Andromeda offers three-tiered accounts designed for traders of varying experience levels and investment sizes.
Account Type | Best For | Minimum Deposit | Leverage | Spreads From (Pips) | Commission | Swap Free | Execution | Stop Out | Markets |
Andromeda A | Starters | $200 | 1:400 | Starting from 1.2 pip | Starting from $0 | Yes | Market | 10% | FX, Metals, Commodities, Indices, Shares CFDs |
Andromeda AA | Devotees | $25,000 | 1:400 | Starting from 0.3 pip | $5 | Yes | Market | 10% | FX, Metals, Commodities, Indices, Shares CFDs |
Andromeda AAA | Experts | $50,000 | 1:400 | As low as 0 pip | $3 | Yes | Market | 10% | FX, Metals, Commodities, Indices, Shares CFDs |
Andromeda Markets offers three account types: A, AA, and AAA, each tailored to different trading needs and investment levels. All accounts offer a generous leverage of 1:400 and are swap-free. The minimum deposit for the A account is $200, increasing to $25,000 for AA and $50,000 for AAA. Spreads vary across accounts, starting from 1.2 pips for the A account, tightening to 0.3 pips for AA, and reaching as low as 0 pips for the AAA account. Commission fees are also tiered, with the A account having a starting commission of $0, increasing to $5 for AA and $3 for AAA.
Account Type | Minimum Deposit | Leverage | Spreads From (Pips) | Commission | Swap Free | Stop Out |
Andromeda A | $200 | 1:400 | Starting from 1.2 pip | Starting from $0 | Yes | 10% |
Andromeda AA | $25,000 | 1:400 | Starting from 0.3 pip | $5 | Yes | 10% |
Andromeda AAA | $50,000 | 1:400 | As low as 0 pip | $3 | Yes | 10% |
Trading Platform | Supported | Available Devices | Suitable for |
MT5 | ✔ | Desktop and Mobile | Investors of all experience levels |
You can reach out to Andromeda Markets 5/24 by email at support@andromedamarkets.net and by phone at +230 5297 0116.
Contact Options | Details |
Phone | +230 5297 0116 |
support@andromedamarkets.net | |
Support Ticket System | ❌ |
Online Chat | ✔ |
Social Media | Facebook, Instagram, Twitter, YouTube, etc |
Supported Language | English |
Website Language | English |
Physical Address | The Cyberati Lounge,Ground Floor,The Catalyst,Silicon Avenue,40 Cybercity,72201 Ebene,Republic of Mauritius |
Andromeda Markets offers a user-friendly MT5 platform with various account options, swap-free trading, and high leverage. However, the biggest concern is the lack of regulatory oversight. Therefore this platform is best suited for those willing to take on a higher level of risk.
Is Andromeda Markets good for beginners?
No. While Andromeda Markets offers a user-friendly MT5 platform, its lack of regulation and high minimum deposit requirements make it less suitable for beginners.
Is Andromeda Markets good for day trading?
The platform offers features suitable for day trading, but the lack of regulation remains a major concern. Besides, the high stop-out level of 10% will also pose challenges for aggressive day traders
Is it safe to trade with Andromeda Markets?
Trading with Andromeda Markets carries significant risk due to the lack of regulatory oversight. Therefore, there is a higher potential for fraud or financial losses. Only invest in Andromeda Markets if you understand the risks.
Online trading involves considerable risk, so it may not be suitable for every client. Please make sure that you totally understand the risks involved and notice that the information above provided in this review may be subject to alteration owing to the constant updating of the company's services and policies.
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