Achiever Global Markets LTD is a Forex broker established on June 20, 2023, in Saint Lucia, primarily offering financial trading services such as Forex, indices, stocks, futures, and community trading to investors. The company's headquarters is located in Dubai. The broker does not provide services in jurisdictions that may violate local laws or regulations, including but not limited to the USA, Cuba, Iraq, Myanmar, North Korea, Sudan, etc.
Company Registration Information and Regulatory Status:
According to the official information on the Achiever Global Markets LTD website, its specific registration address in Saint Lucia is Ground Floor, The South Bay Building, Rodney Bay, Gross-Islet Saint Lucia, PO box 838, Castries, Saint Lucia. The company registration number is 2023-00255, and the actual operating address of the broker is Churchill Towers (Executive), Business Bay, Dubai, UAE.
Upon verification, a corporate entity named Achiever Global Markets LTD, with the registration number 2023-00255, can be found in the registry of the Saint Lucia International Business Companies and International Trusts (IFC). However, this entity was not found in the Financial Services Regulatory Authority (FSRA) of Saint Lucia, nor in the official financial regulatory authorities of other jurisdictions.
According to information obtained through a Whois search, the broker's official website domain was registered on April 18, 2023. Furthermore, as of February 15, 2024, the broker has been established for less than a year.
Opening an Account:
To open an account with Achiever Global Markets LTD: Visit the broker's official website, click on “Open Live Account” on the homepage or “Sign Up” at the top right corner of the webpage, enter personal information such as name, phone number, nationality, city of residence, and email, and submit. After submission, the account can be successfully registered.
Account Types:
Achiever Global Markets LTD offers three types of real trading accounts: STANDARD, VIP, ECN.
STANDARD:
- Minimum deposit amount: $250
- Spread: 1.4 pips
- Trading commission: None
- Overnight interest: None
- Maximum trading leverage: 1:500
- Trading platform: MT5
- Margin call level: 40%
- Account currency: USD
- Minimum trading volume: 0.01 lots (Forex and metals)
- Trading instruments: Forex, metals, indices, energy, etc., over 300 instruments.
VIP:
- Minimum deposit amount: $5,000
- Spread: 0.9 pips
- Trading commission: None
- Overnight interest: None
- Maximum trading leverage: 1:400
- Trading platform: MT5
- Margin call level: 40%
- Account currency: USD
- Minimum trading volume: 0.01 lots (Forex and metals)
- Trading instruments: Forex, metals, indices, energy, etc., over 300 instruments.
ECN:
- Minimum deposit amount: $15,000
- Spread: 0.2 pips
- Trading commission: $5 per lot
- Overnight interest: Yes
- Maximum trading leverage: 1:100
- Trading platform: MT5
- Margin call level: 40%
- Account currency: USD
- Minimum trading volume: 0.01 lots (Forex and metals)
- Trading instruments: Forex, metals, indices, energy, etc., over 300 instruments.
Trading Platform:
Achiever Global Markets LTD provides the MT5 trading platform, where users can only open demo trading accounts or connect existing trading accounts but cannot open new real trading accounts.
Deposits and Withdrawals:
Achiever Global Markets LTD has not explicitly disclosed the methods, fees, and minimum amounts for deposits and withdrawals on its official website.
Conclusion:
Traderknows reminds investors that Achiever Global Markets LTD is a forex broker without effective regulation. Traderknows advises investors to preferably choose brokers with strong regulation and a good reputation for their investment and trading activities, to avoid unnecessary financial losses.
Currently, this broker is marked as 'Suspected of Scam' on Traderknows.
