AMarkets-Overview of Minimum Deposit, Spreads & Leverage

BASIC INFORMATION:

AMarkets Ltd has been providing brokerage services in Latin America, Asia and CIS since 2007. The company has numerous global support offices across Europe, Asia and Africa. AMarkets serves over 350,000 clients and has picked up a number of global forex awards since its establishment.

The broker offers two of the most popular trading platforms available, plus various account types to suit different traders. There are also some additional trading tools, including access to Autochartist and copy-trading features.

MARKETS

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

SPREADS & COMMISSION

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

LEVERAGE

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.

ACCOUNT TYPES

There are 3 main accounts available at AMarkets: Fixed, Standard and ECN. 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

PAYMENT METHODS

Deposits

There are plenty of payment options available, including wire transfer, bank cards and electronic payment systems such as Skrill and FasaPay. AMarkets does not charge for deposits and processing times are instant for all methods, except for bank transfers, which take 3 – 5 business days.

Withdrawals

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.

DEMO ACCOUNT

Traders who want to trade in a risk-free account can sign up to the demo, which comes with $10,000 of virtual funds. A demo account is an excellent tool for both new traders and experts, as they allow you to practice trading skills and place trades without investing any real capital.

TRADING PLATFORMS

MetaTrader 4

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.

MetaTrader 5

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

TRADING HOURS

Trading at AMarkets opens Monday at 00:00 and closes Friday at 23:00 Eastern European Time (EET). Specific market hours vary depending on the asset. For example, forex trading hours are Monday at 12:02 am to Friday at 11:00 pm (EET). You can find a full list of session times on the brokers website.

CUSTOMER SUPPORT

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