Risk scorecard
Each area is scored 0 (clean) to 10 (worst). Higher means more risk.
Regulation
7/10 · HighA real Anjouan licence (L 17888/SM, active until July 2027) keeps this below the top band, but the St. Vincent 'License No. 317' is a company number and Indonesia's regulator has blocked the broker repeatedly.
Identity & transparency
7/10 · HighRegistered companies exist in St. Vincent and Anjouan, but the main domain now trades as AsiaMarkets under an entity we found on no register, and past footers named a Belize company with an SVG number and HF Markets Group as owner.
Withdrawals & conduct
4/10 · ModerateThree money-related complaints, all about small bonus withdrawals being refused. The same failure appears on two platforms, but the reports are spread over two years with no transaction details, so the pattern is unconfirmed.
Reputation
7/10 · HighTrustpilot 2.1 from 46 reviews, inflated by a January 2023 burst of near-identical five-star posts. An independent review site flags it as unregulated, and it appears on Indonesian regulator block lists.
Website claims
9/10 · CriticalClaims to be licensed for Indonesian forex trading, presents a company number as a licence, and claims a 2014 founding, yearly awards since 2014 and 16 million traders. No record supports any of these claims.
Operational history
6/10 · HighVerifiable since 2017 (domain) and 2020 (St. Vincent company), not 2014 as claimed. The broker changed domains repeatedly after regulator blocks, and its Anjouan licence holder is three months old.
Who they are
A quick desk file on the company behind the brand.
- Brand: SalmaMarkets, also styled SFX Salma Markets and SalmaFX. At the time of writing, the main domain salmamarket.asia uses the name AsiaMarkets.
- Legal entity: Salma Markets LLC, St. Vincent and the Grenadines, LLC no. 317 (incorporated 1 April 2020), and Salma Markets LLC, Anjouan, Union of Comoros, company no. 17888 (incorporated 17 July 2026). The App Store developer account uses Salma Markets Companies Corp., the name of a Belize company whose licence ended in 2019.
- Registered: c/o Wilfred Services Ltd., Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St. Vincent, a registered agent's address shared by many companies, and Hamchaku, Mutsamudu, Anjouan. No trading office is disclosed.
- Website: salmamarket.asia (now AsiaMarkets), salmamarkets.com and sfxsalmamarketsidn.com, with client portals at secure.salmamarket.asia, secure.salmamarkets.com and secure.sfxsalmamarketsidn.com. The Vietnamese site sfxvn.com was not serving pages at the time of writing.
- Only licence: Anjouan Offshore Finance Authority L 17888/SM, an offshore, low-tier licence.
- Offers: forex, metals, indices, commodities and crypto CFDs on MetaTrader 5 (MetaTrader 4 on the AsiaMarkets site), leverage up to 1:3000 and a 50% deposit bonus. Deposits start at 1 USD and go through Indonesian and Malaysian local banks, Fasapay, Neteller or wire.
- Not accepted: residents of the USA, Canada, Sudan, Syria and North Korea, according to the site.
- Age claim: 'founded in 2014'. The earliest verifiable trace is the salmamarkets.com domain, registered on 31 January 2017.
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
Anjouan Offshore Finance Authority (Autonomous Island of Anjouan, Union of Comoros)
Financial Services Authority (St. Vincent and the Grenadines)
Found by our investigation (1) — the broker does not list these on its own site
International Financial Services Commission of Belize (now Financial Services Commission)
Found by us — not listed by the broker
Why we reached this verdict
How the evidence adds up.
We rate SalmaMarkets a likely scam for two reasons. The regulator of the market it targets most has repeatedly named it an illegal entity, and its licence and history claims do not match the public records.
- Regulator action in Indonesia. Bappebti is Indonesia's commodity futures regulator. It blocked salmamarkets.asia in January 2021, salmamarket.asia and sfxsalmamarkets.com in 2023, the Salmamarketsid Telegram channel and both SalmaFX apps in 2024, and the iOS app again in 2025. Each time the reason was trading without a Bappebti licence. The same live-chat account, support email and apps tie those sites to today's SalmaMarkets. We count these repeated actions as one strong line of evidence, not five.
- A company number presented as a licence. The footer reads 'Financial Services Authority License No. 317'. The St. Vincent register shows that 317 is the company number of Salma Markets LLC, a limited liability company incorporated on 1 April 2020. The St. Vincent FSA states that it does not issue licences for forex trading or brokerage.
- A false Indonesian licence claim. Its Google Play and App Store listings call it 'licensed Indonesian forex trading' and claim 16 million active traders. Indonesia's regulator lists those same apps as illegal.
- A new address after each block. salmamarkets.asia was blocked in January 2021, and by February 2021 salmamarket.asia was running the same site. After the 2023 blocks, sfxsalmamarketsidn.com was registered in October 2024. The main domain has since switched to a new name, AsiaMarkets.
- An inflated history. The sites claim a 2014 founding, a Best Forex Broker award every year since 2014 and millions of clients. The oldest trace we found is the salmamarkets.com domain, registered on 31 January 2017. The St. Vincent company dates from April 2020 and the Anjouan licence holder from July 2026. On the company record, that is a verified track record of about six and a half years.
- A borrowed identity in the past. In August 2020 the salmamarkets.com footer said the site was 'owned and operated by HF Markets Group of companies'. That is the same sentence the regulated broker HotForex (now HFM) used in its own footer. It was replaced by January 2021, and we know of no link between the two firms.
- Why not confirmed. SalmaMarkets does hold a real, if weak, Anjouan licence and runs a real MetaTrader 5 server. The complaints about money are few and small, and all involve bonus withdrawals. We therefore have no independent second proof that client deposits are being kept.
The weighted risk across the six dimensions is 7.0 out of 10. That equals the 70% floor that applies to a regulator-grade finding.
Evidence ledger
Every finding, with its source and how strongly it points.
E1Bappebti, Indonesia's commodity futures regulator, lists 'Salma Markets' with https://www.salmamarket.asia/ and https://www.salmamarket.asia/indonesia among 1,327 illegal futures-trading sites it blocked from January to August 2023. The same list includes https://www.sfxsalmamarkets.com/Indonesia, the SalmaFX Trader App on Google Play (com.salmamarket.salmafx) and the App Store (id1607045428), and the facebook.com/salmamarketsbroker, Instagram and X pages. The 6 July 2023 release lists the same domains and apps.
E2Bappebti's list of sites blocked in January 2021 (released 11 February 2021) includes 'Salma markets https://salmamarkets.asia'. An archived copy of salmamarkets.asia from 17 January 2021 shows the same SalmaMarkets site, legal footer, live-chat account and support@salmamarkets.com email that the broker uses today.
E3Bappebti's 2024 block list includes the Telegram channel t.me/Salmamarketsid, which salmamarkets.com still links to. It also includes the SalmaFX Trader App on Google Play and the App Store, and the domains sfxsalmamarkets.asia and sfx-salmamarkets.com.
E4Bappebti's January to May 2025 list blocks the SalmaFX Trader App on the App Store again, along with the LinkedIn page salma-markets-companies-corp.
E5The St. Vincent entity register lists Salma Markets LLC: registration no. 317, limited liability company, status Active, incorporated 2020-04-01, registered agent Wilfred Services Ltd. The broker's footer presents this number as 'Financial Services Authority License No. 317'.
E6The St. Vincent FSA states that it does not issue licences for forex trading or brokerage, and that it does not regulate or license LLCs engaged in forex. The notice concerns another firm and names no Salma entity.
E7The Anjouan register lists Salma Markets LLC: company number 17888, licence L 17888/SM, date of incorporation 17 July 2026, licence end date 17 July 2027, status ACTIVE. The licence number matches the one in the broker's footer.
E8Belize's Financial Services Commission gives notice that Salma Markets Companies Corp. (licence IFSC/60/505/18, No. 5 Cork Street, Belize City) has not been licensed since 1 January 2019. The same company name and address appeared in the salmamarkets.com footer in February 2018, and the name still fronts the broker's App Store developer account and Facebook page.
ModerateFSC Belize public noticeE9The Google Play listing of SalmaFX Trader App says 'SALMA MARKETS is a leading international broker, licensed Indonesian forex trading', with '16+ million active traders' and 'more than ten years' of service. The developer is Salma Markets LLC, c/o Wilfred Services Ltd., St. Vincent; the app has 10K+ downloads and was updated on 2 September 2026. The App Store listing by Salma Markets Companies Corp. says the same. Indonesia's regulator lists both apps as illegal (E1, E3, E4).
E10The registry record for salmamarkets.com shows registration on 31 January 2017, the oldest date for any of the broker's domains. The sites claim Salma Markets was founded in 2014 and voted Best Forex Broker every year from 2014. The St. Vincent company was incorporated in April 2020.
E11An archived copy of salmamarkets.com from 9 August 2020 says 'The website is owned and operated by HF Markets Group of companies'. HotForex's own footer, archived on 15 December 2020, uses the identical sentence about its group. By January 2021 the Salma footer read 'Salma Markets Group of companies' instead.
E12salmamarkets.asia was blocked in January 2021. An archived copy of salmamarket.asia from 19 February 2021 shows the same site with the same live-chat account and support email. After the 2023 blocks, sfxsalmamarketsidn.com was registered on 30 October 2024 and is live today, while sfxsalmamarkets.com is no longer registered.
E13salmamarket.asia now presents itself as AsiaMarkets, 'owned and operated by Asia Markets'. It claims it was founded in 2014, had 700,000 accounts by 2016 and had 2,000,000 clients in 2017. Its privacy policy names ASIAMARKETS MARKETS LLC, which does not appear on the St. Vincent register. The site shows no licence or address, but keeps the same live-chat account and links its Vietnamese version to sfxvn.com.
E14Trustpilot shows 46 reviews of salmamarkets.com and a TrustScore of 2.1: 93% five-star and 7% one-star. Of the English-language five-star reviews, 31 were posted between 25 January and 6 February 2023, almost all by Indonesian accounts with a single review, repeating phrases such as 'best broker in Asia' and '50% bonus'. Four more came on 6 to 10 October 2022, the month the profile was claimed. The company has not replied to negative reviews.
ModerateTrustpilot, salmamarkets.comE15We found three money-related complaints. A South African reviewer says a $20 no-deposit bonus account was emptied when they tried to withdraw and their messages went unanswered (August 2024). An Indian reviewer says a $20 profit withdrawal from a $10 bonus was blocked when their KYC check was rejected (July 2026). A BrokersView comment from May 2024 says withdrawals are rejected. The same failure appears on two platforms, but the reports are spread over two years and give no transaction details.
E16BrokersView lists salmamarkets.com, sfxsalmamarketsidn.com and salmamarket.asia as one broker and marks it unregulated. On 18 September 2025 it said the broker appears to be a scam, because its St. Vincent registration is not a licence.
E17The MetaTrader 5 downloads on sfxsalmamarketsidn.com and salmamarkets.com come from the official MetaTrader download service, under the company path salma.markets.llc, for the server SalmaMarkets-Live. The client portal is live. This is a working trading operation, not a fake platform.
E18Deposits are offered in Indonesian rupiah through BCA, Mandiri, BNI, BRI, OCBC and CIMB, and in Malaysian ringgit through RHB, Maybank, Public Bank and Hong Leong, plus Fasapay, Neteller and wire. The broker actively serves Indonesia and Malaysia, where it holds no licence.
E19The Securities Commission Malaysia Investor Alert List has no entry for Salma Markets, SalmaMarkets or AsiaMarkets.
E20An ANTARA item from 26 April 2021, based on a company statement, describes Salma Markets as founded in 2014, headquartered in Hong Kong and serving over three million users. It appeared three months after the first Bappebti block. The item names the brand only, not a domain.
E21An archived copy of salmamarkets.com from 3 February 2018 shows the SalmaMarkets brand operating under 'Salma Markets Companies Corp', with a registered address at No. 5 Cork Street, Belize, company no. 158492, licence IFSC/60/505/TS/17 and a UK mobile number. This confirms the brand was trading by early 2018.
The other side
The strongest case in this broker’s favour.
Several of these facts have a fairer reading, and we checked each one.
- The Anjouan licence is real. The Anjouan Offshore Finance Authority lists Salma Markets LLC, licence L 17888/SM, as active with an end date of 17 July 2027. The number matches the broker's footer.
- The companies exist. Salma Markets LLC is an active company on the St. Vincent register, and the Android app's developer details match it. The Suite 305, Griffith Corporate Centre address belongs to the registered agent Wilfred Services Ltd. Many firms use that agent, including HF Markets (SV) Ltd., so sharing the address is normal and is not impersonation.
- It once had a proper Belize licence. Its predecessor, Salma Markets Companies Corp., was licensed in Belize under IFSC/60/505/18 until 1 January 2019. The Belize notice records the licence ending, not a sanction.
- It runs a real platform. Its MetaTrader 5 downloads come from the official MetaTrader distribution service for the server SalmaMarkets-Live. The Android app has more than 10,000 downloads.
- Indonesian blocks are about licensing. Bappebti blocks hundreds of offshore broker sites a year, including well-known international brands, because they lack an Indonesian licence. A block is not a finding that client money was taken.
- Complaints are thin. We found three money-related complaints, all about small bonus balances, and no pattern of large deposits being kept. Malaysia's Securities Commission has no alert on the firm.
None of this answers the central problems. The broker tells Indonesians it is licensed there when the regulator says it is not. It presents a company number as a licence. And it moves to new domains after each block.
What would change this
What we would need to see to revise the verdict.
These findings would lower our risk rating:
- A Bappebti licence, or a Bappebti statement that its blocks were lifted.
- Removal of the 'licensed Indonesian forex trading' and 'License No. 317' claims, and of the unsupported claims about a 2014 founding, awards and client numbers.
- A published client agreement naming the company that holds client money, matched to a licence.
- Independent, dated records of withdrawals paid to real clients on several platforms.
These would raise it:
- Several clients on different platforms reporting deposits that were not returned, or a demand for a fee before a withdrawal.
- A warning from another regulator, or new domains appearing after further blocks.
Check it yourself
Official registers and warning lists. Verify every claim first-hand.
Anjouan Offshore Finance Authority: Salma Markets LLC
Licence L 17888/SM, status active, licence end date 17 July 2027. The broker publishes no verification link, so this is the register's own page.
SVG FSA Entity Name Search
Search for Salma Markets to see LLC no. 317, a company registration, not a licence.
FSC Belize public notice: Salma Markets Companies Corp.
The predecessor company's Belize licence ended on 1 January 2019.
Bappebti press release, 14 August 2023 (PDF)
Lists salmamarket.asia, sfxsalmamarkets.com, the SalmaFX apps and the broker's social pages among blocked illegal entities.
Bappebti press release, 6 July 2023 (PDF)
First 2023 list naming salmamarket.asia and the SalmaFX apps.
Bappebti press release, 31 December 2024 (PDF)
The 2024 blocks include the Salmamarketsid Telegram channel and both SalmaFX apps.
Bappebti press release, 23 May 2025 (PDF)
The January to May 2025 blocks include the SalmaFX iOS app and a Salma Markets LinkedIn page.
Bappebti press release, 11 February 2021 (PDF)
The January 2021 blocks include salmamarkets.asia.
Trustpilot: salmamarkets.com
46 reviews, TrustScore 2.1.
Broker site footer (English)
Shows the two Salma Markets LLC entities and the licence numbers the broker quotes.
Frequently asked questions
Quick answers about this broker’s safety.
Is SalmaMarkets a scam?
We rate SalmaMarkets a likely scam with a 70% risk score. Indonesia's futures regulator Bappebti blocked its websites, apps and social pages as an illegal entity in 2021, 2023, 2024 and 2025, and the broker presents a St. Vincent company number as a licence. It does hold a weak Anjouan licence, which is why we stop short of a confirmed rating.
Is SalmaMarkets a fraud?
We found no court or regulator finding of fraud against SalmaMarkets, so we do not call it one. The public record does show a broker operating in Indonesia without a licence, claiming licences it does not have, and moving to new domains after each regulator block. On that evidence we assess the risk of fraud as high.
Is SalmaMarkets regulated?
Only offshore. Salma Markets LLC holds licence L 17888/SM from the Anjouan Offshore Finance Authority in the Comoros, active until 17 July 2027. It is a low-tier licence with no compensation scheme. The 'Financial Services Authority License No. 317' from St. Vincent is a company number, not a licence, and the firm has no licence in Indonesia or Malaysia, where it takes local bank deposits.
Is SalmaMarkets legal in Indonesia?
No. Bappebti, which licenses futures brokers in Indonesia, named SalmaMarkets domains, its SalmaFX apps and its social media pages among the illegal entities it blocked. It did so in press releases from February 2021, July and August 2023, December 2024 and May 2025. Bappebti also says it cannot mediate disputes between the public and illegal entities.
What is the St. Vincent License No. 317?
According to the St. Vincent Financial Services Authority's entity register, it is the registration number of Salma Markets LLC, a limited liability company incorporated in St. Vincent and the Grenadines on 1 April 2020. The FSA says it does not issue licences for forex trading or brokerage, so the number gives clients no protection. Calling it a licence is misleading.
What is the Anjouan licence worth?
It is real: the Anjouan Offshore Finance Authority lists Salma Markets LLC, licence L 17888/SM, as active with an end date of 17 July 2027. But it comes from an autonomous island authority in the Comoros that has no investor compensation scheme, and the licensed company was only incorporated on 17 July 2026. It offers clients very little protection.
Can I withdraw my money from SalmaMarkets?
Some reviews say withdrawals are fast, but most of those were posted in a short burst in early 2023 by accounts with a single review. The complaints we found describe small bonus profits being refused or removed at withdrawal, in one case after a KYC check was rejected. If you have money there, ask for a withdrawal in writing and keep records of every step.
Is my money safe with SalmaMarkets?
Not by any regulatory standard. Client money sits with an offshore company whose only licence is from Anjouan, with no compensation scheme. The broker has no licence in the countries it markets to, and we found no evidence of segregated client accounts or audited accounts.
Who owns SalmaMarkets?
The sites name Salma Markets LLC in St. Vincent (company no. 317) and Salma Markets LLC in Anjouan (company no. 17888). The App Store developer account uses Salma Markets Companies Corp., the name of a Belize company whose licence ended in 2019. No owners or directors are disclosed, and we could not verify the executive quoted in a 2021 press item.
How old is SalmaMarkets?
The broker says it was founded in 2014. The oldest record we found is the salmamarkets.com domain, registered on 31 January 2017, and the brand was trading under a Belize company by February 2018. The St. Vincent company was incorporated in April 2020 and the Anjouan licence holder in July 2026.
Is AsiaMarkets the same as SalmaMarkets?
We treat them as the same operation. At the time of writing, salmamarket.asia, the domain listed as SalmaMarkets' main site, presents itself as AsiaMarkets. It still uses the same site design, live-chat account and client portal, and its Vietnamese link goes to sfxvn.com. The company it names, ASIAMARKETS MARKETS LLC, does not appear on the St. Vincent register.
Is SalmaMarkets a clone of HFM (HF Markets)?
No, it does not trade as HFM. However, in August 2020 its footer copied HotForex's legal text and said the site was owned and operated by HF Markets Group of companies. That claim was false and was removed by January 2021. Its St. Vincent address is a registered agent's office that HF Markets also uses, which is normal.
What should I do if I lost money with SalmaMarkets?
Collect your account statements, transfer receipts and chat history. Complain in writing to the broker, then to the Anjouan Offshore Finance Authority and, if you are in Indonesia, to Bappebti. Ask your bank or payment provider about a chargeback, and do not pay anyone who promises to recover the money for a fee.
What should I check before depositing with a broker like this?
Look the broker up on the regulator's register in your own country, not only the offshore one it advertises. Check that the licence belongs to the same company and website, that a company number is not being passed off as a licence, and that the domain is not new or recently renamed. Also search the regulator's warning and blocked-site lists for the brand and its domains.
Scan history
How this broker’s safety assessment has changed across scans.
What changed since September 1, 2026
Since the last scan, the facts on record changed as follows.
- Licences: the Anjouan licence L 17888/SM is unchanged and active, with a licence end date of 17 July 2027. The St. Vincent number 317 was previously recorded as an FSA licence. It is now recorded as what the St. Vincent register shows: the company number of Salma Markets LLC, incorporated 1 April 2020, and not a licence. A former Belize licence of the predecessor company, which ended on 1 January 2019, has been added.
- Company registration: the St. Vincent company (LLC no. 317) is now confirmed on the St. Vincent entity register. The Anjouan company (no. 17888, incorporated 17 July 2026) remains on record.
- Domains: salmamarkets.com and the download host salmamarkets.net have been added. vn.salmamarket.asia does not resolve, and sfxvn.com was not serving pages at the time of writing. Also at the time of writing, salmamarket.asia presents itself as AsiaMarkets.
- Social profiles: the Facebook, Instagram, YouTube and Telegram profiles linked from salmamarkets.com have been added.
- Clone status: unchanged; not a clone.
- October 24, 2026CurrentLikely scam70% risk
- September 1, 2026High risk (unverified)66% risk
Past scans are archived snapshots kept for transparency and are not indexed by search engines.
What we recommend
The practical takeaway from everything above.
Do not open an account or deposit money with SalmaMarkets or its AsiaMarkets site.
- If you live in Indonesia, know that the broker has no Bappebti licence. Bappebti says it cannot mediate disputes between the public and illegal entities.
- If you already have money there, request a full withdrawal in writing now. Keep records of your balance, transfers and chats, and do not accept a new bonus that ties up your funds.
- If a withdrawal is refused, complain to the Anjouan Offshore Finance Authority, the only body that licenses the firm, and to Bappebti. Ask your bank or payment provider about a chargeback.
- Ignore anyone who offers to recover your money for an upfront fee. Such recovery offers are a common second scam.
- Before using any broker in Indonesia, check that it appears on Bappebti's list of licensed futures brokers.
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 October 24, 2026. If any detail here is out of date or incorrect, or you represent this broker, please contact us.
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