AMarkets' main company, AMarkets LTD, is licensed in Mwali (Comoros) as an international brokerage and clearing company (T2023284), supervised by the Mwali International Services Authority. Group companies are registered in the Cook Islands and St Vincent and the Grenadines. AMarkets says client funds are held in segregated accounts at major European and American banks and with licensed liquidity providers, offers negative balance protection on all accounts, and is a Financial Commission member with a compensation fund of up to €20,000 per claim. The licence itself is a light-touch offshore one.
The companies behind AMarkets
From AMarkets’ regulation page, read on 2 November 2026:
| Company | Where | Number | Status |
|---|---|---|---|
| AMarkets LTD | Mwali (Comoros) | T2023284 | Registered and licensed as an international brokerage and clearing company, supervised by the Mwali International Services Authority (MISA) |
| AMarkets LLC | Cook Islands | LLC14486/2023 | Registered in the registry operated by the Financial Supervisory Commission |
| AMarkets LTD | St Vincent and the Grenadines | 22567 BC 2015 | Registered in the registry operated by the Financial Services Authority |
AMarkets calls itself “an international group of companies operating under a single brand name”. Only the Mwali company is described as licensed; the Cook Islands and St Vincent entries are registrations, which aren’t the same as a licence to deal in forex. Which company your account sits with will be named in your client agreement.
What the Mwali licence does and doesn’t do
Does: puts a named, licensed company behind your account, with a supervisor you can identify.
Doesn’t: bring EU-style leverage caps, mandatory client-money rules enforced by a major regulator, or a statutory compensation scheme. Mwali (Mohéli) is one of the Comoros islands that license international brokers, and its oversight is far lighter than an EU, UK or Australian regulator’s. We didn’t check the MISA register entry for T2023284; you can ask AMarkets for a link to it. Compare tiers in broker licences explained.
Client money
AMarkets’ FAQ says client funds are held separately from the company’s funds in segregated accounts at major European and American banks, and in accounts with licensed liquidity providers. It doesn’t name the banks or say who audits the segregation. Without a strong regulator enforcing it, treat segregation as the broker’s own policy: see segregated funds and client protection.
Negative balance protection
The account types page lists negative balance protection: Yes on Standard, ECN and Zero. You shouldn’t owe AMarkets money after a sharp move, though your deposit and any bonus can still be lost. Stop-out is 20% (Standard) or 40% (ECN, Zero). Background: negative balance protection explained.
The Financial Commission
AMarkets says it’s a certified member of The Financial Commission, an independent external dispute-resolution organisation, and that its clients are covered by the Commission’s Compensation Fund for up to €20,000 per claim. In practice that means:
- If AMarkets rejects your complaint, you can take it to the Financial Commission instead of relying on the broker’s own process.
- If the Commission rules in your favour and AMarkets doesn’t pay, the fund pays up to €20,000.
It’s a private membership scheme, not a government compensation fund like the UK’s FSCS or the Cyprus ICF, and its cover is capped per claim.
Who AMarkets doesn’t serve
AMarkets’ restricted countries page says it doesn’t provide any services to citizens and/or residents of about 80 countries and territories, including Japan, the UK, the US, Canada, New Zealand, Russia and all EU/EEA/EFTA countries, and that it may block the account of anyone who breaks this condition. That’s typical for brokers licensed offshore, and it also means EU or UK protections don’t apply to AMarkets accounts.
Our assessment
Positives: a named licensed company, published segregation policy, negative balance protection, Financial Commission membership and a long operating history (the site footer runs from 2007). Negatives: a very light licence, no named banks, and bonus terms that let AMarkets remove credit at its discretion. Keep deposits modest, withdraw profits periodically, and test a withdrawal early: AMarkets withdrawals. Compare licence strength on the safest brokers list. Back to the AMarkets review.
Related
Is it safe? at other brokers
Frequently asked questions
Is AMarkets regulated?
Its main company, AMarkets LTD, is licensed as an international brokerage and clearing company in Mwali (Comoros), licence T2023284, supervised by the MISA. That's an offshore licence with far lighter oversight than an EU, UK or Australian regulator.
Where does AMarkets keep client money?
AMarkets says client funds are kept separately from company funds, in segregated accounts at major European and American banks and with licensed liquidity providers. It doesn't name the banks.
What does Financial Commission membership give me?
An external dispute-resolution route. If the Financial Commission rules in your favour and AMarkets doesn't pay, its compensation fund covers up to €20,000 per claim.
Can I lose more than I deposit at AMarkets?
AMarkets lists negative balance protection on all three account types, so a negative balance should be reset.
