AMarkets

Overview of AMarkets

AMarkets is a forex and CFD broker offering attractive trading conditions, including high leverage and access to the industry-leading MetaTrader 4 and MetaTrader 5 platforms. Traders can choose from a broad range of instruments across seven asset classes — forex, metals, cryptocurrencies, ETFs, commodities, indices, and stocks. The broker also provides a mobile trading app for both Android and iOS, allowing clients to manage their accounts and trade on the go.

Pros and Cons

Note: AMarkets does not offer services to clients from American Samoa, Angola, Armenia, Afghanistan, Benin, Botswana, Burkina Faso, Burundi, Cape Verde, Central African Republic, Chad, Comoros, Cuba, Ethiopia, Federated States of Micronesia, Gabon, Gambia, Grenada, Guam, Guinea, Guinea-Bissau, Guyana, Haiti, Honduras, Jamaica, Japan, Kiribati, Kosovo, Laos, Lebanon, Lesotho, Liberia, Madagascar, Malawi, Maldives, Mali, Marshall Islands, Mauritania, Mongolia, Montenegro, Mozambique, Namibia, Nauru, Nepal, New Zealand, Nicaragua, Niger, Northern Mariana Islands, North Korea, Palau, Palestine, Paraguay, Puerto Rico, Republic of the Congo, Senegal, Sierra Leone, Somalia, South Sudan, Sudan, Suriname, Syria, Tanzania, The United Kingdom, The United States of America, The US Virgin Islands, Venezuela, Yemen, Zambia and Zimbabwe.

EU/EEA/EFTA countries: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Lithuania, Liechtenstein, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Switzerland，Iran, Gaza, Russian Federation, Crimea, Donetsk region, Luhansk region, Myanmar

Is AMarkets Legit or a Scam?

AMARKETS, operated by AMarkets LTD, holds a Forex Trading License (EP) issued by the Mwali International Services Authority (MISA) in Comoros. It authorizes the company to conduct forex, futures, financial derivatives, and options trading activities.

Market Instruments

AMarkets offers 500+ trading instruments, including forex, metals, cryptocurrencies, ETFs, commodities, indices, and stocks.

Account Types

AMarkets offers three main account types: Standard, ECN, and Zero, all supporting market execution, leverage up to 1:3000, and order volumes starting from 0.01 lots. The minimum deposit is $100 for the Standard account and $200 for both ECN and Zero accounts. All accounts are denominated in USD, include negative balance protection, and offer an optional Islamic (swap-free) account.

In terms of trading costs, the Standard account provides spreads from 1.3 pips with no commission, while the ECN account offers spreads from 0.2 pips with a commission of $2.5 per lot per side. The Zero account features spreads from 0 pips with a commission of $5.5 per lot per side, making it more suitable for traders seeking tighter spreads.

Leverage

AMarkets provides traders with a maximum leverage of up to 1:3000, which is considered to be one of the highest leverage options available in the forex trading industry. This generous leverage can be advantageous for experienced and professional traders who are looking to maximize their potential profits. However, it is crucial to acknowledge that high leverage also carries a higher level of risk.

Spreads & Commissions

AMarkets offers different cost structures depending on the account type. The Standard account provides floating spreads starting from 1.3 pips with no commission, making it suitable for traders who prefer a simple pricing model. The ECN account offers spreads from 0.2 pips with a commission of $2.5 per lot per side, while the Zero account features spreads from 0 pips with a commission of $5.5 per lot per side, which may appeal to traders seeking tighter spreads and more precise pricing.

Trading platforms

AMarkets supports MetaTrader4 and MetaTrader5 in addition to the AMarkets App it offers for iPhone and Android smartphone users.

AMarkets App: The AMarkets App is an ideal solution for people who want to trade with AMarkets on the go. It is available for iPhone, iPad, and Android devices. It offers trading instruments in 7 asset classes and is available in multiple languages. Users of the app have 24/7 customer support, real-time quotes, live and demo trading, and the ability to deposit and withdraw funds.

MetaTrader4: MT4 is regarded as the best trading platform for beginners and experienced traders. The app offers 30 indicators and supports 9 time frames, a locking option, and a single-thread strategy tester. It is accessible via mobile apps (iOS and Android), web terminals, and PC/MAC downloads.

MetaTrader5: MT5 is an advanced version of the MT4 trading platform. It offers more indicators, time frames, and updated strategy testers compared to the MetaTrader4. It also offers partial order filling, a built-in economic calendar, embedded MQL5 community chat, 6 types of pending orders, market depth, and a hedging option. It's ideal for copy traders (social trading) and algorithmic trading. It is accessible via mobile apps (iOS and Android), web terminals, and PC/MAC downloads.

Deposit & Withdrawal

In terms of deposit and withdrawal, like many other brokers, AMarkets provides a detailed form with important information about currency, payment method, minimum amount, arrival date, fees, etc. The feasible payment methods are Visa, Mastercard, Uzcard, Humo, Volet (ex.AdvCash), TopChange, Zipay, USDT, USDC, ETH, LTC, BNB. Deposits are free of charge while the broker may charge withdrawal fees.

FAQs

Does this broker offer MT4/MT5?

Yes, AMarkets offers both MT4 and MT5, as well as the proprietary AMarkets App for you to choose from.

How much leverage does this broker offer?

The maximum leverage of AMarkets is 1:3000.

What is copy trading?

Copy trading is an investment service that allows investors to earn income in the financial markets by following the strategies of experienced traders and copying their trades. Professional traders, in their turn, profit by earning commissions from using Strategies.