Allianz Market Forex Broker

Note: Allianz Market's official website - https://allianzmarket.biz/en is currently inaccessible normally.Allianz Market Review SummaryFounded2020Registered Country/RegionDominicRegulationUnregulatedMarket InstrumentsCommodities, Indices, Shares, ETFs, CryptocurrenciesDemo Account❌Leverage1:500Trading PlatformMT5 and WebMin Deposit$250Customer SupportTel: 48221531389Email: support@allianzmarket.comFacebook: https://www.facebook.com/Allianz-Market-Plataforma-de-Trading-106816214840770; https://www.facebook.com/Allianz-Market-113101080872295Instagram: 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.Pros and ConsPros Cons Multiple trading choicesUnavailable websiteMT5 trading platformNo regulationPopular payment optionsNo demo accountsComprehensive contact channelsHigh minimum deposit ($250)Withdrawal fee chargedIs 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.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 forWeb Trading Platform✔Web/MT5✔/Experienced tradersMT4❌/Beginners Deposit and WithdrawalAllianz 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.