AMarkets Broker

AMarkets Forex Broker Review

Choosing a reputable forex & CFDs broker to deal with can be an overwhelming task when there are so many viable options to choose from. The market is saturated with online trading brokerages, but the problem is, some of these brokerages cannot be trusted and may be fraudulent. We want to make your decision easier by shining light on the online trading broker known as AMarkets.

This brokerage has gained massive interest over the years and is accepting traders from all over the world. Join us in the following review, where we’ll delve deep into all the aspects that make up this online trading brokerage and see what sets AMarkets apart from the competition and whether or not they can be trusted.

Company Information

AMarkets is a well established online trading brokerage offering a wide range of investment products and services. The brokerage has over 10 years of experience in the financial trading industry as it was founded in 2007. Since their establishment AMarkets has gained a massive client base and now handles over 10,000 trading transactions per day in a safe and secure online trading environment which connects traders from all around the world. AMarkets is registered at Suite 305, Griffith Corporate Centre, Kingstown, Saint Vincent and the Grenadines.

The AMarkets brokerage is owned and operated by AMarkets Ltd who is registered and regulated by the Financial Services Authority (FSA) of Saint Vincent with license number 22567 IBC 2015. As well, AMarkets is a member of an international dispute resolution organization known as the Financial Commission. This organization insures traders up to 20,000 EUR in the event of a financial dispute where the trader loses money.

Another thing regarding the safety and credibility of AMarkets is their full cooperation with financial verification by Ernst & Young, which is an international auditing company apart of the “Big Four”. These regulations and organization compliances prove that AMarkets is in fact a reputable and competent online trading brokerage. However, the brokerage is not authorized to serve traders everywhere, AMarkets must not provide services to traders who reside in the following countries: the USA, Great Britain, Japan, Lithuania, North Korea, Algeria, Myanmar, Iraq and others.

Despite not servicing these countries, AMarkets is still a successful and internationally recognized trading brokerage and has won numerous awards for their services. See them listed below.

• Best Copy-Trading Platform Nigeria International Business Magazine Awards 2021
• Best Affiliate Program International Business Magazine Awards 2021
• Best IB Program WOrld FOrex Award 2021
• Best Value Broker Middle East Global Forex Awards 2020
• Fastest Growing Forex Brokers in the Middle East Egypt Investment Expo 2019
• Best Forex Introducing Broker Program Award JFEX Awards 2019
• Dynamic Development IAFT Awards 2017
• Best affiliate programs on the financial markets RACE Awards 2016
• Best FOREX broker on the affiliate programs market RACE Awards 2015
• Best Execution Speed IAFT Awards 2014
• Highest Clients` Success Rate IAFT Awards 2014
• Fastest growing STP broker Asia 2013
• Dynamic development IAFT Awards 2012
• Best educational program Show FX 2011
• Discovery of the Year Newsland 2009

Trading Platforms

AMarkets provides every trading account with the popular MetaTrader 4 (MT4) trading platform as it is the most well-known and recommended trading platform in the world. In addition to this platform, AMarkets gives traders the option to use the upgraded MetaTrader 5 (MT5) platform as well.

These two platforms feature a number of graphical tools, technical indicators, and one click trading for lightning fast execution of orders and technical analysis. As well, traders can implement a wide range of automatic trading strategies and scripts known as “Expert Advisors” (EAs) using the MetaQuotes Language 4 (MQL4). The MT4 & 5 trading platforms are also very aesthetically pleasing and well designed, making them great platforms for not only experienced traders, but beginners as well.

Assets Available

AMarkets strives to accommodate the trading needs and desires of every type of trader. Which is why they provide access to a wide variety of financial products such as Forex, Special Metals, Commodities, Indices, Bonds and Equities CFDs, as well as major cryptocurrencies. Among these markets are the most favorable currency pairs in forex, leading global company shares, and the most liquid variety of financial assets.

AMarkets most definitely delivers in terms of tradable financial instruments across numerous global markets. For instance, traders have access to 45 different currency pairs in the forex markets, 165 stocks from leading global companies, 2 government bonds, 7 precious metals, 11 commodities, 5 of the most popular cryptocurrencies,  and 16 indices. This amount and range of tradable assets is enough to accommodate nearly every type of trader or investor.

Bonuses & VIP Program

AMarkets offers new and existing traders a wide variety of promotions and bonuses to entice them into trading more or depositing funds. Unlike many online trading brokerages with promotions and bonuses, AMarkets genuinely wants to reward their clients and see them succeed for trading and depositing funds. The promotions and bonuses are not simply implemented as a scheme to attract new clients, but rather to entice them to spread the word and enjoy trading with AMarkets. See below, the current bonuses and promotions AMarkets are offering new and existing clients.

• Welcome Trading bonus of up to 15% + 3rd level of cashback
• Transfer your trading account to AMarkets and keep all your open trades
• Zero commissions for deposits
• ECN accounts from only $200
• Practice with a live demo account
• 100% initial deposit bonus for new traders
• Cashback Loyalty Program: receive up to 14 EUR back to your account

Account Types

To suit the needs of a broad range of traders, AMarkets offers a wide variety of account types, each with varying aspects to suit individual trader’s needs. Currently AMarkets offers 5 different account types to choose from, see their details in the account overviews below.

Fixed

• Trading Platforms: MetaTrader 4, MetaTrader 5
• Minimum deposit $100
• Trading instruments: Forex, Cryptocurrencies, Stocks, Indices, Metals, Commodities
• Minimum order size: 0.01 lots
• Maximum order size: 1000 lots
• Leverage up to: 1:1000
• Fixed spreads
• Stop Out Level: 20%
• Commission: No

Standard

• Trading Platforms: MetaTrader 4, MirrorTrader, XStation
• Minimum deposit $100
• Trading instruments: Forex, Cryptocurrencies, Stocks, Indices, Metals, Commodities
• Minimum order size: 0.01 lots
• Maximum order size: No limit
• Leverage up to 1:1000
• Floating spreads
• Stop Out Level: 20%
• Commission: $5.00 USD for 1 lot

ECN

• Trading Platforms: MetaTrader 4, MirrorTrader, XStation
• Minimum deposit $200
• Trading instruments: Forex
• Minimum order size: 1 lots
• Maximum order size: 1000 lots
• Leverage up to 1:200
• Floating spreads
• Stop Out Level: 40%
• Commission: $5.00 USD for 1 lot

RAMM Copy Trading

RAMM is one of the most popular AMarkets services. It is a copy-trading service that allows investors to make money in the financial markets by following the strategies of experienced traders. The system transmits trading signals from the source (i.e. managing trader) to the recipient (i.e. the investor). The signal when a trader opens or closes a trade is copied to the investor’s account automatically. So the investor does not need to open trades manually.

RAMM utilizes a modern platform with a user-friendly interface. Clients can use both a web-based version of the platform or a mobile application. An investor can choose a trading strategy based on various parameters such as profitability, commission%, number of investors, age of the strategy, etc. At the same time, the investor’s funds always remain in his account. He has full control over the investment and can pause the copying process at any time. In the news section of its website, AMarkets publishes the top five best-performing RAMM strategies that showed the greatest profitability at the end of the month.

AMarkets clients can also create their own strategies in the RAMM system and earn additional income from the investments. The trader himself determines the fee rate and commission for copying his strategy. Follow this link to learn more about the RAMM Copy Trading service.

Mobile

All of the trading platforms offered by AMarkets are available for download as a mobile application on the Apple App Store and Google Play Store. The trading platforms have been fully optimized for trading on both Apple and Android smartphones and tablets. These mobile trading platforms maintain most of the sophisticated features that the desktop platforms have and allow traders to make important decisions while one the go. Some of the key features supported by the mobile trading applications include; numerous technical indicators, variety of chart types, time frames, customizable interfaces, sound notifications and alerts, news outlets, advanced order types, portfolio management, and more. The trading platforms available to AMarkets traders are truly phenomenal and so are their corresponding mobile applications.

Deposit & Withdrawals

Since AMarkets is an international online trading brokerage, they provide clients with a wide array of deposit and withdrawal methods. The methods featured by them are very fast and feature none to low transaction fees. The deposit and withdrawal process offered by AMarkets is a top of the line process compared with the industry standards. See the available deposit and withdrawal methods below, along with their processing times and associated fees.

Plastic Cards (Visa, MasterCard, Prepaid Card)

• Deposit Fee: Zero commission
• Deposit Processing time: instant availability
• Withdrawal Fee: 2.5% + $5 USD
• Withdrawal Processing time: 1 – 3 hours

SWIFT Bank Wire Transfer

Deposit and withdrawal fees and processing times are the same for this method. See the details below.

• Fee: Depends on the bank
• Processing time: 3 – 5 business days

Electronic Payment Systems

All deposits for e-payment systems are free and funds are processed instantly. As for withdrawals, see the details below.

• Bitcoin (fee: 2%, processing time: up to 1 hour)
• Perfect Money (fee: 0.5%, processing time: 1 – 3 hours)
• WebMoney (fee: 0.8%, processing time: instant availability)
• FasaPay (fee: 0.5%, processing time: 1 – 3 hours)
• Union Pay (fee: 0%, processing time: up to 3 business days)
• Skrill (fee: 1%, processing time: 1 – 3 hours)

Customer Support

One area that AMarkets soars above the competition, is their excellent level of customer support. The support offered by AMarkets is unparalleled because of their quality and level of care when dealing with each and every client. Support representatives are available 24 hours a day, 7 days a week, and can be reached via email, skype, live chat, telegram, and telephone. The variety of contact methods are plentiful, and each one of them provides the type of service one would expect from the corresponding method.

For instance, support via email takes slightly longer but is very thoughtful and helpful with their responses. The live chat option can assist your needs in an instant, and the telegram channel is a great place to learn from the AMarkets community. As for telephone and skype, traders receive more personalize support. All in all, the support methods available and their quality is very good.

Extra Features & Resources

AMarkets provides their clients with tremendous value with not only their trading services and wide array of investable products, but their extensive variety of extra features and resources. For instance, AMarkets provides traders with a comprehensive education center where the can learn the ins and outs of the AMarkets trading platforms, and how to become a successful trader. As well, they feature educational content for more experienced traders so that they can improve their skills and trading knowledge.

Another additional feature is the AMarkets news and analysis section on their website. Here, traders can catch up on all the latest market moving news and analyze various charts and indexes. The analytics section of AMarkets provides traders with all the sophisticated tools they need to successfully plan and analyze their next big move. All in all, it’s clear that AMarkets goes above and beyond the standard trading brokerage services by providing clients with the information and resources needed to trade successfully.

Verdicts

FAQ