Al Awal Markets

According to WikiFX data, Al Awal Markets exhibits a significant risk profile. Its WikiFX SkyEye score is 1.47 out of 10, which is extremely low and indicates a highly suspicious operational background. The broker is registered in Saint Vincent and the Grenadines, a jurisdiction known for minimal oversight, and holds no valid forex licenses from any major international regulatory authority. Therefore, it lacks the protections commonly associated with regulated brokers, such as segregated client funds and a formal dispute resolution mechanism.

No. Al Awal Markets is not regulated by any recognized financial authority. According to its registration details, it operates from Saint Vincent and the Grenadines, a jurisdiction that does not license or supervise forex brokers. WikiFX assessment indicates the broker has no valid forex trading licenses.

Al Awal Markets offers a tiered account structure with varying minimum deposits. The MICRO account requires a minimum deposit of $100, the STANDARD account requires $500, the PREMIUM account requires $2,500, and the ECN account requires $10,000 to open.

Based on available information, Al Awal Markets supports MetaTrader platforms. The broker's account types are all listed as supporting Expert Advisors (EAs), scalping, and hedging, which are standard features available through the MetaTrader suite (MT4/MT5).