AmegaFX review
AmegaFX
Amega is a globally recognized Forex and CFD (Contracts for Difference) broker that offers financial services worldwide. However, it's important to note that the broker does not operate in certain countries, such as the USA, North Korea, and Iran.
The broker maintains regulatory compliance, ensuring a trustworthy trading environment. Amega provides access to a diverse range of asset classes, allowing traders to engage in various markets. Additionally, the broker offers popular and reliable trading platforms to cater to the needs of its clients.
Amega's professional customer support is available Monday to Friday, from 7 am to 2 pm UTC, offering assistance through live chat, email, and phone channels.
One aspect to consider is that traders have limited options when it comes to live accounts, as there is only one account type available. However, Amega does offer demo accounts and swap-free (Islamic) versions of the live account for those with specific requirements.
While the educational material provided by Amega may be limited, traders can utilize a variety of tools for market analysis, including an economic calendar, beginner strategy guides, and technical analysis resources posted by the broker on its website.
Opening an account with Amega is a straightforward process that is typically completed within a day. During the registration process, the broker will require you to upload digital copies of your proof of identity and residence, so it's advisable to have these documents prepared in advance. Once the documents are approved, your account will be verified and ready for trading.
In summary, Amega offers average trading conditions compared to industry leaders. While it may have some limitations, such as a single live account option and limited educational resources, the broker's regulatory compliance, access to diverse asset classes, and efficient account opening process make it a viable choice for traders.
Countries
Afghanistan, Albania, Algeria, Andorra +171 more
Regulations
FSC Mauritius
Account currencies
USD
Assets
CFDs on Stocks, Energies, Indices, Precious metals, Soft Commodities
Platforms
MT5
Deposit methods
Neteller, Skrill, STICPAY
Others
Copy trading, Demo account, ECN, Exotic Pairs, Expert Advisors, Fast withdrawals, Hedging allowed, High leverage, Lowest minimum deposit, Micro Lots, Negative balance protection, Swap-free
Promos
Deposit bonus
Visit brokerAmega offers a maximum leverage of 1000:1 to its traders. However, it is crucial to note that high leverage can pose risks, especially for beginner traders. Inexperienced traders often fall into the trap of using oversized positions to amplify potential profits. Unfortunately, when the market moves against their predictions, they may face significant losses, depleting a substantial portion of their trading balance. It is important for novice traders to exercise caution when utilizing high leverage.
While Amega is not subject to strict regulations, it is able to offer high leverage and attractive promotions. It is worth mentioning that the broker provides a 150% welcome bonus on initial deposits. Despite not being strictly regulated, Amega holds a license from the Financial Services Commission (FSC) in Mauritius, which provides a level of safety for traders considering registration with the broker.
Impressively, Amega offers competitive spreads starting from as low as 0.8 pips for the popular EUR/USD currency pair. It is noteworthy that the broker does not charge commissions, as all fees are incorporated into the spreads.
Amega provides traders with a wide range of asset classes to trade, including currency pairs, CFDs on shares, indices, commodities, precious metals, and energies. Traders can enjoy the benefits of the popular MetaTrader 5 (MT5) multi-asset trading platform. MT5 is known for its reliability and robustness, empowering traders to conduct thorough technical analysis. Furthermore, the platform offers a Depth of Market (DOM) feature, allowing traders to analyze bid and ask prices, enabling more informed trading decisions.
In summary, while Amega offers high leverage and attractive promotions, traders, especially beginners, should exercise caution. The broker holds a license from the FSC in Mauritius, ensuring a certain level of safety. Amega stands out with its competitive spreads, starting from 0.8 pips on EUR/USD. Traders can benefit from the widely acclaimed MetaTrader 5 platform, which includes features such as Depth of Market for enhanced market analysis.
