Risk scorecard
Each area is scored 0 (clean) to 10 (worst). Higher means more risk.
Regulation
7/10 · HighLicence T2023263 is genuine and confirmed in force on the issuer's own register, but MISA is a non-supervisory offshore registrar offering no compensation scheme or enforced client-money protection, and it is the only authorisation held.
Identity & transparency
5/10 · ModerateLegal entity, company number and registered address are published consistently and match the register, but no director, owner or beneficial owner is named anywhere and no telephone number is published.
Withdrawals & conduct
2/10 · LowNo fund-integrity complaints found on any platform since the broker launched in 2023, and no reports of fees demanded to release funds; only one comment about limited support hours.
Reputation
5/10 · ModerateNo regulator warnings and no adverse findings, but the footprint is thin and one-sided: no Trustpilot presence and 98 app reviews averaging 4.9 stars with no rating below four.
Website claims
3/10 · LowNo invented founding year, no fake awards and no tier-1 licence claimed; the main overstatement is presenting a Comoros registration as being regulated and licensed without explaining how little that protects clients.
Operational history
4/10 · ModerateVerified at roughly three and a half years from a domain registered April 2023 and a licence issued May 2023 that corroborate each other, though the operating company itself could not be dated.
Who they are
A quick desk file on the company behind the brand.
- Brand: AYA Markets
- Legal entity: AYA Markets (Comoros) Ltd, shown on the register as AYA Markets Ltd
- Registered: Company number HY00423002, Bonovo Road, Fomboni, Island of Moheli, Comoros Union
- Website: ayamarkets.com, with the client portal at my.ayamarkets.com
- Only licence: Mwali International Services Authority (MISA), licence T2023263, issued 8 May 2023, for an International Brokerage and Clearing House
- Offers: CFDs on forex, indices, metals, energies, crypto, shares and ETFs, about 233 instruments, on MetaTrader 5 and cTrader, leverage up to 1:1000
- Funding: Visa and Mastercard, Apple Pay, TC Pay, and USDT, Bitcoin, Litecoin and Ethereum
- Not accepted: clients in the USA and Japan
- Age claim: none. The site advertises no founding year and no track record, which is unusual and, in this case, to its credit
Regulation
Who really oversees this broker, and what each licence is worth to you.
Proof of regulation on an official register: Yes
We confirmed this broker on a genuine regulator’s register.
Licences the broker publishes
Mwali International Services Authority (MISA)
Why we reached this verdict
How the evidence adds up.
We rate AYA Markets high risk rather than a scam. The evidence points to a genuine but very lightly regulated offshore broker, not a fake one.
- The licence checks out, and it belongs to this broker. We opened the Mwali International Services Authority register and found AYA Markets Ltd under licence T2023263. The entry gives company number HY00423002 and names ayamarkets.com as the licensed website. Both match the company details printed on the broker's own site, so this is its own licence and not one borrowed from another firm.
- But that licence protects almost nothing. MISA is a registrar on the autonomous island of Moheli, not a functioning financial supervisor. It operates no compensation scheme and no enforced client-money segregation, and the Comoros central bank has publicly distanced itself from the licences issued there. If this broker stopped paying withdrawals tomorrow, there is no regulator that would realistically get your money back.
- It sells far beyond what that licence covers. The site publishes full versions in 12 languages, including Persian, Arabic, Russian, Chinese, Korean, Spanish and French. A Comoros brokerage licence authorises business in none of those markets. This is the standard offshore arbitrage pattern: real trading, sold into countries whose own regulators have never approved it.
- Nobody stands behind it publicly. No director, owner or beneficial owner is named on the website or on the register entry, and no telephone number is published. Other companies on the same register do list their chief executive and ultimate owner, so this is a gap rather than a limitation of the register.
- What we did not find matters too. No regulator warning on any of the lists we swept. No enforcement action. No fraud-related court record naming this entity. No reports of refused withdrawals, frozen balances or demands for a fee or tax before funds are released, which is the single most telling sign of a fund-theft operation.
- The history is short but honest. The domain was registered on 29 April 2023 and the licence was issued nine days later, on 8 May 2023. Those two dates line up, which rules out the common trick of running a new operation behind an old, dormant company or a recycled domain. The figure is an upper bound, because the Mwali registrar does not publish incorporation dates, so the operating entity itself could not be dated.
- The score reflects weak protection, not proven misconduct. Most of the risk here is structural. A reader should treat 48 percent as a statement about how exposed their deposit would be, not as an allegation that money has been stolen.
Evidence ledger
Every finding, with its source and how strongly it points.
E1The Mwali International Services Authority register lists AYA Markets Ltd under licence T2023263 with company number HY00423002 and names ayamarkets.com as the licensed website, matching the company details the broker publishes. The licence belongs to this operation and is not borrowed from another firm.
E2AYA Markets Ltd appears at entry 43 on the authority's list of authorised brokerage companies, licence T2023263, issued 08/05/2023, status Active, with a website link to ayamarkets.com.
E3The verification page shows a two-year licence term running from 8 May 2023 to 8 May 2025 while the status field still reads Active. The same pattern appears on every other brokerage entry we compared on this register, so it reflects the registrar's record-keeping rather than anything specific to this broker.
E4The broker states its legal entity, company number HY00423002, registered address and licence number T2023263 identically on the about page and in the site footer, with no founding year or track record claimed anywhere.
ModerateAYA Markets about pageE5The domain ayamarkets.com was registered on 29 April 2023 through InterNetX GmbH, nine days before the licence was issued. The two dates agree, which rules out an aged or recycled domain being used to imply a longer history.
E6The site publishes full versions in 12 languages including Persian, Arabic, Russian, Chinese, Korean, Hindi, Spanish, French and Portuguese, excluding only the USA and Japan, while its single Comoros licence authorises business in none of those markets.
E7Deposits and withdrawals run on Visa, Mastercard and Apple Pay alongside USDT, Bitcoin, Litecoin and Ethereum. Card processing brings external checks and chargeback rights, and the absence of a crypto-only funnel is a meaningful point in the broker's favour.
E8The broker states that withdrawal requests are processed within 24 hours on business days with no commission on any method or amount, and publishes no clause permitting it to refuse or reverse a withdrawal at its own discretion.
E9The official AYA Markets cTrader app carries 98 reviews averaging 4.9 stars with 85 five-star and 8 four-star ratings and not a single rating of three stars or below, alongside generic praise. A record with no criticism at all across 98 reviews is not credible as independent evidence of good service.
E10The same app listing was updated on 9 September 2026 and records over 1,000 downloads, showing an actively maintained product built on the genuine cTrader platform rather than an abandoned or fake terminal.
E11Support runs through email, a Telegram channel and an in-portal ticket system, with the telephone line described only as available on request. No named director, manager or owner appears anywhere on the site.
E12The register entry for AYA Markets Ltd omits the chief executive and ultimate beneficial owner fields, while peer entries on the same brokerage list do publish those names. Ownership is therefore undisclosed on both the company's own site and the register.
E13A sweep of the international warning and alert lists, together with brand and domain searches, returned no warning, alert, enforcement action or fraud-related court record naming AYA Markets or ayamarkets.com.
ModerateWarning and alert list sweep across IOSCO, FCA, ASIC, CFTC and CONSOB listingsE14A complaint sweep across four platforms found no account of a refused or delayed withdrawal, a frozen balance, a deleted profit or a demand for payment before funds are released. The only critical comment located, dated December 2023, concerns the offshore licence and limited support hours.
ModerateComplaint sweep across review platforms, forums and app store ratingsE15Accounts are offered with leverage up to 1:1000, a level restricted in most supervised markets because it can erase an account balance on a single adverse move.
The other side
The strongest case in this broker’s favour.
The case for AYA Markets deserves to be put fairly, and several points genuinely count in its favour.
- It does not lie about itself. Most high-risk brokers invent a founding year, a fake award or a tier-1 regulator. This one advertises no founding date at all, claims no FCA, ASIC or CySEC authorisation, and states its licence number, company number and registered address consistently on the home page, the about page and the footer. Those details match the register exactly.
- The clone test passes cleanly. The register records the licensed website as ayamarkets.com. That is the same site we examined, so nobody is wearing another company's credentials here.
- No client is on record having lost money. Across the review platforms we swept, going back to the broker's first months in late 2023, there is not one account of a withdrawal being refused or a balance disappearing. For an operation of this age, a fund-theft pattern would normally have surfaced by now.
- The plumbing is real. It runs genuine MetaTrader 5 and cTrader platforms, and its cTrader mobile app was updated on 9 September 2026, which means active engineering rather than an abandoned shell.
- It takes cards, not only crypto. Visa, Mastercard and Apple Pay all involve payment processors that impose checks and give clients chargeback rights. Operations built to steal deposits usually cannot keep card processing and push clients to crypto only.
- Offshore is a risk tier, not a crime. Hundreds of real brokers hold only an offshore licence. On its own that means weak recourse, not dishonesty, and we have not treated it as proof of anything worse.
- One caution on the positive side. The 98 reviews on its app store listing average 4.9 stars with not a single rating below four. Real brokers almost always collect some criticism, so we would not read that record as independent proof of good service.
What would change this
What we would need to see to revise the verdict.
This assessment is not fixed. Specific, checkable developments would move it in either direction.
- Would make it worse: credible reports from different clients, on more than one platform, describing withdrawals that stopped being paid, with amounts and dates.
- Would make it much worse: any demand that a client pay a tax, fee, commission or insurance charge before a withdrawal is released. That request has no legitimate counterpart and would change the verdict on its own.
- Would make it much worse: a warning naming ayamarkets.com from any national regulator, or the appearance of the brand on an investor alert list.
- Would make it worse: the MISA register recording the licence as cancelled or withdrawn while the site continues to advertise it.
- Would improve it: authorisation from a real supervisor such as CySEC, the FSCA, the FSA in Seychelles or ASIC, held by the entity that actually takes client deposits.
- Would improve it: naming the directors and owners, publishing a working telephone number and a verifiable office, and linking the licence number directly to the register so clients can check it themselves.
- Would improve it: an organic review record over time on an independent platform, including complaints the company answers in public.
Check it yourself
Official registers and warning lists. Verify every claim first-hand.
MISA licence verification for AYA Markets Ltd (T2023263)
The regulator's own verification page showing the licence number, company number, website and status.
MISA list of authorised brokerage companies
The full register of brokerage licensees, where AYA Markets Ltd appears at entry 43.
AYA Markets company and licence disclosure
The broker's own statement of its legal entity, company number and licence.
AYA Markets deposit and withdrawal terms
Payment methods, stated 24 hour withdrawal processing and fee policy.
AYA Markets cTrader on Google Play
The official mobile app, its publisher and its public user ratings.
Frequently asked questions
Quick answers about this broker’s safety.
Is AYA Markets a scam?
We found no evidence that it is. The licence it advertises is real and registered to this exact company and website, no regulator has warned about it, and we found no reports of clients being unable to withdraw. What we do flag is weak protection rather than dishonesty: its only licence comes from the Comoros, which gives clients almost no recourse if something goes wrong.
Is AYA Markets a fraud?
No. We found no evidence of fraud. There is no regulator warning, no enforcement action and no fraud-related court record naming AYA Markets (Comoros) Ltd. The risk we identified is that the broker operates under an offshore licence with no meaningful supervision, which is a different problem from dishonesty.
Is AYA Markets regulated?
Only in the weakest sense. It holds licence T2023263 from the Mwali International Services Authority in the Comoros, and we confirmed that entry on the authority's own register. MISA is a registrar rather than a working financial supervisor, so it is not comparable to the FCA, ASIC or CySEC. The broker holds no licence from any major regulator.
Can I withdraw my money from AYA Markets?
We found no reports of refused or blocked withdrawals. The broker states that withdrawal requests are processed within 24 hours on business days with no commission. Because there is no regulator that would compel payment, we recommend testing with a small amount and withdrawing it in full before committing more.
Is my money safe with AYA Markets?
Your money has no external safety net. A Comoros licence comes with no compensation scheme and no enforced segregation of client funds, so if the company failed or refused to pay, there is no realistic authority to appeal to. Only deposit what you could afford to lose completely.
Who owns AYA Markets?
This is not disclosed. The operating company is AYA Markets (Comoros) Ltd, company number HY00423002, registered at Bonovo Road, Fomboni, on the island of Moheli. No director, manager or beneficial owner is named on the website or on the register entry, even though other companies on the same register do list theirs.
How old is AYA Markets?
About three and a half years. The domain ayamarkets.com was registered on 29 April 2023 and the licence was issued on 8 May 2023, nine days later. Those dates agree, which is reassuring. The Mwali registrar does not publish incorporation dates, so the company itself could not be dated and the figure is an upper bound.
What is a MISA licence actually worth?
Very little. The Mwali International Services Authority is a company registrar on an autonomous island of the Comoros. It does not supervise trading conduct, does not require audited client-money segregation and operates no investor compensation fund. Treat it as evidence that the company exists and is registered, not as evidence that your deposit is protected.
Is AYA Markets a clone of another broker?
No. We checked this specifically. The register records ayamarkets.com as the licensed website and HY00423002 as the company number, and both match what the broker publishes about itself. It is not using another firm's licence, name or registration.
Does AYA Markets hold an FCA licence?
No, and it does not claim one. The broker advertises only its Comoros licence. Firm reference number 801701, which some records have associated with this brand, belongs to HF Markets (UK) Ltd, a separate London firm with no connection to AYA Markets.
Why does AYA Markets accept clients in so many countries?
The site runs full versions in 12 languages, including Persian, Arabic, Russian and Chinese, and excludes only the USA and Japan. Its Comoros licence does not authorise business in any of those markets. This is common among offshore brokers, and it means the rules of your own country almost certainly do not cover your account.
What should I check before depositing with any broker?
Find the licence number on the regulator's own register, not on the broker's website, and confirm the register names the same company and the same web address. Check who the directors are, whether a real address and phone number are published, and whether clients report being paid. Then test a small deposit and a full withdrawal before scaling up.
What we recommend
The practical takeaway from everything above.
Treat AYA Markets as a high-risk venue. It is usable with caution, but the protection behind your deposit is close to none.
- Do not deposit money you cannot afford to lose entirely. A Comoros licence gives you no compensation scheme and no realistic regulator to appeal to.
- Test the exit before you trust it. Fund a small amount, trade briefly, then withdraw the whole balance and confirm it arrives. Repeat before increasing your deposit.
- Prefer card payments over crypto. Visa, Mastercard and Apple Pay give you a chargeback route. A crypto transfer is final and cannot be reversed.
- Never pay a fee to release a withdrawal. No legitimate broker asks for a tax, commission or unlocking payment before returning your funds. If that is ever requested, stop paying and keep every message.
- Be careful with leverage at 1:1000. That level of gearing can erase an account in a single move and is restricted in most regulated markets for exactly that reason.
- If you want real protection, choose a broker supervised in your own country. A tier-1 regulator brings segregated client money, a complaints ombudsman and a compensation scheme, none of which apply here.
- Keep your records. Save deposit confirmations, trade history and support conversations from the start, not after a problem appears.
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 September 15, 2026. If any detail here is out of date or incorrect, or you represent this broker, please contact us.
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