AMarkets Forex Broker

AMarkets, founde­d in the year 2007, proudly serve­s more than 1 million customers. Their ope­rations are regulated in offshore­ areas like St Vincent, the­ Grenadines, and Mwali. The provide­r gives a broad selection of trading tools, with 1400 plus choice­s available on popular platforms like MT4 and MT5.

Pros

• Wide range of instruments
• Different account types
• Availability of copy trading
• Cashback program and promotions

Cons

• High first deposit
• Limited educational resources
• Lack of trustworthy regulation
• Withdrawal fees

AMarkets Review Summary

AMarkets offers various accounts, tradable instruments, and advanced tools like copy-trading. It is a broker under the regulation of the Financial Services Authority of Saint Vincent and the Grenadines. Client’s safety is enhanced through negative balance protection and being a member of The Financial Commission. Nevertheless, it is still an offshore broker; it lacks trustworthy regulation. There are different payment systems available to increase flexibility. Educational materials are also not the main strength of the broker; it presents only FAQs and Blogs on trading topics.  However, the broker offers good cashback bonuses and a variety of assets. AMarkets broker suits experienced traders and may attract newbies due to their excellent customer service team, demo account availability, and pleasing bonuses.

Supported Countries

Traders from different countries are allowed to trade at AMarkets; these countries include Australia, Belarus, Belize, Thailand, Canada, Costa Rica, Singapore, Hong Kong, India, the United Arab Emirates, Armenia, Nigeria, Saudi Arabia, Kuwait, and Qatar among others.

However, there are some countries in which AMarkets does not operate, like certain EU countries, Angola, Armenia, Afghanistan, Chad, Comoros, Ethiopia, Gabon, Gambia, Japan, Kosovo, Laos, Maldives, Marshall Islands, Mongolia, Montenegro, Mozambique, Namibia, Nepal, New Zealand, The United Kingdom, The United States of America etc.

AMarkets trading platforms

When it comes to platforms that AMarkets offers, they include MT4, MT5, AMarkets app for iOS and Android, Webtrader MT4 and MT5. As we see, the most popular and widely-used platforms are supported, meeting the expectations of the most traders nowadays. Let’s see the offered platforms a bit closer.

MT4

MT4 combines a user-friendly interface with sophisticated instruments for analysis. It has a single thread strategy tester, thirty technical indicators in nine time frames, access to worldwide news, and possibility of automated trading by means of expert advisors that are compatible with both browser based as well as downloadable MetaTrader 4 versions on Windows and MacOS. You can see the MT4 and its web version below.

AMarkets WebTrader MT4

AMarkets MT4

MT5

The company adds an advanced version of MT4 called MetaTrader 5 to its platform range. In MT5, there are 38 enhanced market analysis tools which are supported by 21 different timeframes; it also has an economic calendar that now comes with the updated strategy tester, six kinds of pending orders, embedded community chat, Depth of Market (DoM), and hedging options. Copy-trading is also available for traders using MT5. Just like with MT4, AMarkets offers MetaTrader 5 in Web Trader as well as downloadable terminal forms compatible with operating systems such as Windows and MacOS.

AMarkets iOS & Android apps

As many other modern brokers, AMarkets provides an opportunity to trade via mobile app. Benefits of trading through a mobile app are common for all brokers: ease and accessibility. Through the mobile applications, traders can engage in trading activities in the financial market any time they want from any location; it helps them keep pace with the volatile markets, take advantage of trading opportunities while on the move. However it is practically impossible to analyze complex charts or make comprehensive market analyses as easily as with a PC. It’s better to consider the mobile app by AMarkets as a supplement rather than a solid platform for trading.

AMarkets has a wide variety of trading instruments and functions. Here, traders can use the Demo Account to leverage a risk-free environment that avails $10,000 in virtual funds for all traders wishing to practice. Moreover, this online forex broker encourages trading with offers like a 25% welcome bonus if you deposit at least $500 and a cashback loyalty program that pays back spread money for usual trading operations. The customers also receive the Autochartist indicator, economic calendar, and trader calculator, among other instruments. 

AMarkets Trading Account Types

AMarkets forex trading broker offers a great range of trading account types to cater to the varying needs and preferences of traders. Each account type comes with its unique features and characteristics. Here they are:

Index	Standard	Crypto	Fixed	ECN
Base Account currency	USD, EUR	MBT (1 MBT = 0,001 BTC)	USD, EUR	USD, EUR
Trading instruments	44 Forex; 7 Metals; 13 Indices; 11 Commodities; 2 Bonds; 427 Stocks; 19 ETF; 27 Cryptocurrencies	42 Forex; 7 Metals; 13 Indices; 11 Commodities; 2 Bonds; 27 Cryptocurrencies	28 Forex; 7 Metals; 13 Indices; 11 Commodities; 2 Bonds; 427 Stocks; 19 ETF; 27 Cryptocurrencies	44 Forex; 7 Metals; 13 Indices; 11 Commodities; 2 Bonds; 427 Stocks; 19 ETF; 27 Cryptocurrencies
Minimum deposit	$100 / €100	MBT 10	$100 / €100	$200 / €200
Spread	Floating from 1.3 pips	Floating from 1.3 pips	Fixed from 3 pips	Floating from 0 pips
Maximum leverage	Up to 1:3000	1:500	Up to 1:3000	Up to 1:3000
Commission	No	No	No	$2.5 / €2.5 per 1 lot per side

AMarkets provides a diverse range of account types, and we would point out a crypto account, which is still rare despite crypto’s popularity and wide usage. A Standard account is the best option for newbies. Advanced traders can choose an account for short-term and long-term trading strategies, depending on their trading styles.

Islamic accounts that adhere to the principles of Sharia law are optional for every account type (except for crypto).  Islamic accounts have no swap charges or additional fees. In addition, AMarkets offers a demo account. Their demo account allows you to trade risk-free without investing your funds. They offer a Demo account with $10,000 of virtual money.

Tradable Assets on AMarkets

• Forex trading: AMarkets provides an extensive range of 44 forex pairs, including majors, minors, and exotics.

• 7 Metals including aluminum, copper, nickel, platinum, XAGUASD, XAUUSD, zinc.  
• 17 Indices which contain instruments range from Japanese to UK stock indices.
• 11 Commodities such as Brent, coffee, wheat, etc.
• 2 Bonds of Germany and the US.
• 427 Stocks: CFDs from US, UK, French, German and Italian exchanges.
• 19 ETFs (Exchange-Traded Funds).
• 27 Cryptocurrencies such as Bitcoin, for example.

The array of assets is pretty average, leaving much more to be desired in comparison with other brokers. However, these assets are enough to provide traders with the flexibility to diversify their portfolios and engage in various markets. Moreover, copy trading is also available on AMarkets and it adds a social aspect, enabling less experienced traders to learn from and mimic the strategies of more seasoned counterparts.

Deposits

AMarkets offers a convenient and diverse range of deposit methods, providing flexibility for traders to fund their accounts. Here’s an overview of the supported deposit options:

Payment Method	Processing time	Fees
Bank Cards	Instant	No
Cryptocurrencies	1 hour	No
Electronic Payment System (Volet, Perfect money)	Instant	No

As we see, the broker offers the most popular methods of deposit. The best thing about it is that there’s no deposit fee. However, AMarkets charges fees for withdrawals and we’ll see it further.

Withdrawals

AMarkets facilitates convenient withdrawals with a variety of options, ensuring flexibility for traders. Here’s an overview presented in a table:

Payment Method	Processing time	Fees
Bank Cards	Up to 24 hours	1,8 %
Cryptocurrencies	Up to 24 hours	Teather and USD coin – 1 USD, others – no fee.
Electronic Payment System (Volet, Perfect money)	Up to 24 hours	0,5 %

The payment methods are the same as deposit ones. However, there’s one note: If you are withdrawing money from AMarkets, it should be transferred to the payment system that was used during depositing.

AMarkets trading education and training

AMarkets forex broker doesn’t pay much attention to trader education. The broker provides blogs on trading topics and a comprehensive FAQ section. There are no exceptional guides, webinars, or educational courses to help new people get into trading. 

The situation is different regarding research information for average and advanced traders. Traders can benefit from the brokerage’s comprehensive trade tools, analysis, forex information, virtual hosting services, and copy trade. It also provides an economic calendar, trading calculators, market sentiment indicators, expert advisors, trading ideas, and a showcase of trades of the week. Through these educational resources, traders can gain knowledge that will help them understand the operating environment of financial markets. However, as we mentioned before, it doesn’t relate to newbies. 

AMarkets License and Regulatory Compliance

AMarkets Ltd is an offshore company authorized and registered under the Financial Services Authority (FSA) of Saint Vincent and the Grenadines with registration number 22567 IBC 2015. Although the broker operates within a safe zone, customer protection might not be as strong as the one provided by UK or EU legislation. Nevertheless, this broker proves that it takes care of traders’ interests: apart from being a member of The Financial Commission – an independent dispute resolution organization- it also provides insurance coverage in traders’ accounts, up to 20,000 euros. In addition, AMarkets has also put measures such as negative balance protection in place, which ensures that traders’ accounts cannot go below zero, thereby mitigating any additional risks involved.

Customer Support

The AMarkets forex broker has customer support that quickly responds and attends to all clients’ needs. There are different ways traders can search for help. These are live chat, telegram chat, email, and calls, available in many languages. This broker is efficient and timely in dealing with client questions and problems. Moreover, customers have access to FAQs and trading-related blogs.

AMarkets has received an impressive Trustpilot rating of 4.8 out of 5, with 1613 reviews. People note quick problem-solving, fast answers from the support team, and friendly staff. This positive rating confirms that the broker offers good services and satisfies clients’ demands.

How to open an AMarkets account

1. Visit the AMarkets Website
2. Click on “Open account” in the right corner of the top panel

3. You will be automatically redirected to the page of Standard account opening. You need to complete the online registration form with your personal details, including name, email, and phone number and choose a platform you’re going to trade with.

4. Verify your email through the link sent by AMarkets.

5. Submit necessary documents for account verification, including identification and proof of address.
6. Deposit funds into your trading account through the available payment methods.
7. Log in with your credentials and start trading.

FAQ