Risk scorecard
Each area is scored 0 (clean) to 10 (worst). Higher means more risk.
Regulation
9/10 · CriticalNo regulator named and no licence number, while taking deposits and falsely calling itself one of the best regulated brokers.
Identity & transparency
9/10 · CriticalShifting entities (AM Globe Services Ltd SVG, then Atom Markets Ltd BVI) and conflicting addresses across SVG, BVI, China and London; ownership unclear.
Withdrawals & conduct
8/10 · CriticalConsistent fund-integrity reports across multiple platforms: withdrawals locked until about 99.99 lots, capped near $100, many saying they got nothing back.
Reputation
7/10 · HighDetailed loss complaints sit alongside clustered generic five-star praise; multiple independent sites flag it, and it is now defunct.
Website claims
8/10 · CriticalClaims of regulation, segregated funds and 40 plus industry awards with no supporting evidence, plus a registration number reviewers judged invented.
Operational history
6/10 · HighOperated roughly 2018 to 2024 then went dark with a trail of withdrawal complaints, consistent with a completed exit rather than a stable track record.
Who they are
A quick desk file on the company behind the brand.
- Brand: AM Broker
- Legal entity: AM Globe Services Ltd (Saint Vincent and the Grenadines) on record; the site later traded as Atom Markets Ltd (BVI registration 1750028)
- Registered: Conflicting addresses. Kingstown, Saint Vincent; Tortola, British Virgin Islands; a Foshan, China office phone (+86); and a London address on its review page
- Website: am-broker.com (now parked) and ambroker.com (now dead)
- Only licence: None. No regulator named, no licence number anywhere
- Offers: Forex, metals, indices, shares, CFDs and crypto on MetaTrader 4, with leverage up to 1:1000
- Not accepted: Restricted jurisdictions per its own disclaimer, but no clear tier-one country exclusion was published
- Age claim: Operated from about 2018; the am-broker.com domain dates to August 2021
Regulation
Who really oversees this broker, and what each licence is worth to you.
Proof of regulation on an official register: No
We could not confirm this broker on any genuine regulator’s register.
No licence claims on record.
Why we reached this verdict
How the evidence adds up.
We reached 'likely scam' because several independent red flags line up, even though the operation has since gone dark.
- No regulation, while taking deposits. The site called itself 'one of the best regulated Global forex brokers' but named no authority and showed no licence number. A Saint Vincent registration is not regulation. The Saint Vincent FSA has publicly said it does not license or supervise forex brokers.
- Money did not come back. Across several review platforms, clients describe the same trap: withdrawals blocked until roughly 99.99 lots are traded, with the payout capped near $100. Repeated reports say no one could get their funds out.
- Hidden and shifting identity. The same brand appeared as AM Globe Services Ltd in Saint Vincent, then as Atom Markets Ltd with a BVI address, while the working phone number was in Foshan, China. One reviewer noted the registration number looked invented.
- Manufactured praise. A wave of generic five-star reviews sits next to detailed loss complaints, a pattern consistent with planted reviews.
- Now defunct. Both domains are dead and the review pages state the company has closed, which fits a broker that took deposits and then vanished.
Note on operating history: the 5.0-year track record rests on domain registration alone. No company incorporation date could be established, so this is an upper bound rather than a confirmed age.
Evidence ledger
Every finding, with its source and how strongly it points.
E1The broker's own site called itself 'one of the best regulated Global forex brokers' with 'segregated client funds' and '40+ industry awards', yet named no regulator and showed no licence number.
E2The site footer named Atom Markets Ltd, BVI registration 1750028, with a registered address in Tortola but an operating address and phone in Foshan, China, differing from our record of AM Globe Services Ltd in Saint Vincent.
E3AM Broker is operated by AM Globe Services Ltd, registered in Saint Vincent, where the FSA has stated it does not license or supervise forex brokers, so the operation was effectively unregulated.
StrongForexBrokerz reviewE4Multiple review platforms report the same withdrawal trap: funds locked until roughly 99.99 lots are traded, with a maximum withdrawal near $100, and many clients saying they could not withdraw at all.
E5A cluster of generic five-star reviews (praise like 'best in Africa') sits next to specific loss complaints, a planted-review pattern; a batch of suspicious positive reviews was noted for 2019 to 2020.
ModerateTrustpilot and ForexBrokerzE6The am-broker.com domain was registered on 23 August 2021 and now resolves to a parked reseller page; ambroker.com no longer resolves; Trustpilot states the company website has closed.
E7The site advertised leverage up to 1:1000, a 100% deposit bonus, and prize giveaways (gold, dollars, a motorcycle) with IB recruitment, an aggressive offshore boiler-room funnel.
The other side
The strongest case in this broker’s favour.
In fairness, here is the strongest innocent reading, and why it does not hold.
- It could be a normal offshore broker with unhappy traders. Many offshore brokers survive on weak licences. But this one held no licence at all, and the complaints are about not getting money back, not about spreads.
- Some reviews are positive. True, but they are generic and clustered, while the negative ones carry specifics like the 99.99 lot rule and the $100 cap.
- The company may have simply closed. Possibly, but it closed leaving a trail of withdrawal complaints, which is the signature of a completed exit rather than an orderly wind down.
- Our record may be stale, not the broker dishonest. Our file names AM Globe Services Ltd in Saint Vincent, and that entity is real. The dishonesty is the broker projecting several entities and addresses at once, which we saw on its own pages.
What would change this
What we would need to see to revise the verdict.
We would revisit this verdict if solid, checkable facts emerged.
- A genuine, in-force licence for AM Globe Services Ltd or Atom Markets Ltd on a real regulator's own register, matching the am-broker.com domain.
- Independent proof that clients were paid in full, with amounts and dates.
- Evidence that the withdrawal reports were planted by a competitor rather than real clients.
- A clear, single, verifiable corporate identity and address instead of the several conflicting ones on record.
Check it yourself
Official registers and warning lists. Verify every claim first-hand.
AM Broker on Trustpilot
Third-party reviews; Trustpilot notes the company website has closed
Independent scam review (ValForex)
Details the withdrawal trap and questionable registration numbers
AM Broker review (ForexBrokerz)
Documents the Saint Vincent entity and a wave of fake positive reviews
Archived AM Broker website (Dec 2023)
The broker site as it operated, showing vague regulation claims and no licence number
Frequently asked questions
Quick answers about this broker’s safety.
Is AM Broker a scam?
It shows the hallmarks of one. It held no real licence, clients report they could not withdraw their money, and it hid behind several shifting company names. We rate it a likely scam that now appears defunct.
Is AM Broker regulated?
No. It named no regulator and showed no licence number. A Saint Vincent registration is not regulation, and the Saint Vincent FSA has said it does not license or supervise forex brokers.
Can I withdraw my money from AM Broker?
Former clients repeatedly report they could not. Withdrawals were said to be blocked until roughly 99.99 lots were traded, with the payout capped near $100. Both of its websites are now dead.
Is my money safe with AM Broker?
No. There is no regulator, no compensation scheme and no evidence of segregated client funds. Reviewers report funds were pooled and lost.
Who owns AM Broker?
Ownership is unclear. The brand appeared as AM Globe Services Ltd in Saint Vincent and later as Atom Markets Ltd with a British Virgin Islands address, while its office phone was in Foshan, China.
How old is AM Broker?
It operated from about 2018. The am-broker.com domain was registered in August 2021. Both domains are now defunct.
What is a Saint Vincent registration worth for a broker?
Very little. Saint Vincent registers companies but does not regulate forex trading, so a broker based there gives clients no real protection.
Is AM Broker a clone of another firm?
We found no evidence it copied a specific regulated firm's identity or licence. It is better described as an unlicensed offshore operation, not a clone.
What do the reviews say about AM Broker?
They are split. Detailed complaints describe blocked withdrawals and lost deposits, while a cluster of generic five-star reviews reads like planted praise. Trustpilot notes the company has closed.
What should I do if I was scammed by AM Broker?
Stop sending money, especially any fee asked before a withdrawal. Keep all records, contact your bank or card issuer about a chargeback, and report it to your local regulator. Avoid paid recovery offers, which are usually a second scam.
What should I check before depositing with any broker?
Confirm a licence number on the regulator's own register, check that the website on the register matches the site you are using, and search for withdrawal complaints. AM Broker fails all three.
What we recommend
The practical takeaway from everything above.
Treat AM Broker as unsafe.
- Do not deposit. There is no regulator to complain to and no licence protecting your funds.
- If you already deposited, stop adding money, especially any 'fee' or 'tax' asked before a withdrawal, and gather your records.
- Report the case to your card issuer or bank for a possible chargeback, and to your local financial regulator.
- Ignore anyone who contacts you offering to recover your money for an upfront fee. That is a common follow-up scam.
This is an independent assessment of risk, not a legal ruling. Scores and verdicts follow the Wikilix broker-safety methodology and can change as new evidence appears. Review scores are treated with caution when a broker’s reviews look manipulated. Last reviewed August 29, 2026. If any detail here is out of date or incorrect, or you represent this broker, please contact us.