AMarkets-Some important Details about This Broker

GENERAL INFORMATION AND REGULATION

AMarkets is an online broker providing financial services since 2007. Regrettably, AMarkets is found to be an unregulated broker. It is not safe to trade with this broker.

MARKET INSTRUMENT

AMarkets offers various asset classes, from currencies to commodities:

• Forex – 42 currency pairs across majors, minors and exotics, including EUR/USD

• Cryptocurrencies – 7 digital coins available, including Bitcoin and Ethereum

• Bonds – 2 futures bonds available: Euro-Bund and 10-Year Treasury Note

• Stocks – 144 popular global shares, such as Amazon and Pfizer Inc.

• Metals – 7 precious metals, including gold, silver and copper

• Indices – 16 indices, including FTSE 100 and Dow Jones

• Commodities – 11 energy and agricultural commodities

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ACCOUNT AND LEVERAGE

There are 3 main accounts available at AMarkets: Fixed and Standard with initial deposit requirement $100,and ECN with initial deposit of $200. There are also Islamic swap-free accounts, plus PAMM and RAMM accounts.

The minimum deposit for the Fixed and Standard accounts is 100 USD or EUR, whilst the minimum for the ECN account is 200 USD or EUR. Order volumes are from 0.01 lots for all three accounts. Commissions are only charged in the ECN account which offers the tightest spreads. All accounts come with negative balance protection.

Leverage is available up to a maximum of 1:1000 on forex in the Standard and Fixed accounts. In the ECN account, the maximum leverage is 1:200 on forex. New traders should note that leveraged trading carries a high level of risk and may result in heavy losses.

TRADE SIZE

The minimum trade size of 0.01 lots is available but no maximum was disclosed.

SPREADS AND COMMISSIONS

Typical ECN spreads at AMarkets start from 0.2 pips for popular pairs such as EUR/USD and USD/JPY. Crude oil spreads are around 3 points and gold is around 21 points. Note that Standard account spreads come in at around 1.5 pips for EUR/USD.

If youre trading in the Standard or Fixed account, commissions are included in the spread. In the ECN account, commissions start from $2.5 per 1 lot on forex. Rollover or swap rates will also apply to positions carried over into the next day.

TRADING PLATFORM AVAILABLE

AMarkets offers the two most popular trading platform available which are MetaTrader 4 and MT5.

The MT4 platform is the forex industrys top choice for online trading, offering reliability and convenience. The platform is beginner-friendly but boasts powerful and sophisticated price analysis tools for traders of any level.

The platform includes 30 technical indicators, which are supported on 9 different time frames. Theres also a single thread strategy tester, access to global news and the option to use automated strategies with trading robots (Expert Advisors).

MT5 is the revised version of MT4, offering superior tools for comprehensive analysis of the markets and access to copy-trading. Traders enjoy 38 pre-loaded indicators supported by 21 time frames, a built-in economic calendar, an updated strategy tester, 6 types of pending orders, an embedded community chat, Depth of Market (DoM) and hedging options. Both are available in all versions.

DEPOSIT AND WITHDRAWAL

Popular payment methods includes , VISA, MasterCard, Bank Wire, Skrill, TopChange, Perfect Money, WebMoney, ADVcash, FASApay, Neteller.

Withdrawal fees start from 0.5% for Perfect Money and Fasapay. Bank cards are charged from 2.2% and fees for bank transfer will depend on your bank. The minimum withdrawal amount for most methods is 10 USD or EUR. Processing times are generally instant but can be up to a few hours for bank cards and up to 5 days for bank transfer.

CUSTOMER SERVICE

AMarkets offers 24-hour support from Monday to Friday via telephone, email, or chat services such as WhatsApp and Telegram. Support is provided in over 12 countries including the UK, Armenia, Russia, Thailand and Nigeria.

• Email – support@amarkets.com

• WhatsApp – +44 77 234 229 89

• Telephone – +44 330 777 22 22