AMarkets review
AMarkets
AMarkets, established in 2007, has successfully expanded its presence worldwide. The broker provides access to two popular Forex and CFD trading platforms: MetaTrader 4 and MetaTrader 5. With AMarkets, traders can engage in a diverse range of financial instruments, including currency pairs, metals, cryptocurrencies, bonds, commodities, indices, and CFDs on stocks. Notably, clients of AMarkets benefit from the protection of the Financial Commission's Compensation Fund, which offers coverage of up to €20,000 per claim. The broker also ensures negative balance protection for its clients.
Impressively, AMarkets serves over one million customers globally, reflecting its widespread appeal. However, it's important to note that the broker is unavailable in several regions, including countries subject to international sanctions like Iran and North Korea. Additionally, AMarkets does not accept clients from jurisdictions with strict regulatory requirements, such as the EU/EEA/UK and the USA.
AMarkets prides itself on offering professional customer service in multiple languages. The account opening procedures are swift and efficient, and the broker's main page features an abundance of educational resources tailored for beginners. Moreover, AMarkets provides an array of tools for market analysis, including VPS hosting, AutoChartist, an economic calendar, a trader's calculator, a sentiment indicator, and a trade analyzer.
In summary, AMarkets has achieved significant global expansion since its establishment in 2007. The broker grants access to leading trading platforms and offers a diverse range of financial instruments. Clients benefit from the protection of the Financial Commission's Compensation Fund and enjoy professional customer service. While AMarkets is restricted in certain countries and regions due to regulatory and sanction-related reasons, it remains a reliable choice for traders seeking efficient account opening procedures, extensive educational material, and various market analysis tools.
Countries
Albania, Algeria, Andorra, Antigua and Barbuda +100 more
Regulations
MWALI International Services Authority
Account currencies
BTC, EUR, USD
Assets
CFDs on Stocks, Crypto CFDs, ETFs, Energies, Indices, Precious metals, Soft Commodities
Platforms
MT4, MT5
Deposit methods
Bank Transfer, Credit Card, Crypto, Fasapay, Neteller, Perfect Money, Skrill, WebMoney
Others
Segregated accounts, Copy trading, Demo account, ECN, Exotic Pairs, Expert Advisors, Fast withdrawals, Fixed spreads, Hedging allowed, High leverage, Lowest spreads, Micro Lots, Negative balance protection, PAMM, Part of compensation scheme, Swap-free
Promos
Credit bonus, Demo tournaments, Deposit bonus
Visit brokerAMarkets provides a wide range of trading options to its clients, including 18 commodities, 427 CFDs on Stocks, 44 currency pairs, 27 cryptocurrencies, 16 Indices, and 19 ETFs (Exchange Traded Funds). One notable feature is the exceptionally high maximum leverage of 3000:1, which can be considered virtually unlimited. While high leverage is typically restricted by regulators, AMarkets operates under the oversight of mildly strict regulators such as the Mwali International Services Authority (MISA), the Financial Supervisory Commission (FSC), and the Financial Services Authority (FSA) in Saint Vincent and the Grenadines.
To cater to the diverse needs of traders, AMarkets offers various account types. The Crypto account type, ideal for crypto traders, provides a maximum leverage of 500:1. Other account types offer a maximum leverage of 3000:1. The spreads on these accounts are floating, starting from 1.3 pips, and do not include any commissions. For those who prefer fixed spreads, the Fixed account type is available, with spreads starting from 3 pips. The minimum initial deposit required to open a Fixed account is 100 USD/100 EUR.
For beginners, the Standard account is well-suited, featuring spreads starting from 1.3 pips. Active traders can benefit from the ECN account, which offers the lowest spreads starting from 0 pips. However, traders using the ECN account are subject to a commission of 2.5 base currency per traded lot per side. The minimum initial deposit required to open an ECN account is 200 USD/200 EUR, depending on the account currency chosen.
In summary, AMarkets provides an extensive selection of tradable assets, including commodities, CFDs, currency pairs, cryptocurrencies, indices, and ETFs. The broker's high leverage of 3000:1, supported by regulatory oversight, offers flexibility for traders. With multiple account types available, including the specialized Crypto account, AMarkets caters to the specific requirements of different traders. Whether one seeks floating or fixed spreads, there are suitable options, and the ECN account appeals to active traders with its tight spreads, albeit with commissions. Opening an account requires a reasonable minimum deposit, depending on the chosen account type and currency.
