AMarkets has striving to provide high-quality trading services and comprehensive support to its clients and partners since 2007. It provides brokerage services to Latin America, Asia, and the Commonwealth of Independent States (CIS).
Learn more about AMarkets and the trading benefits and conditions that they offer by reading this broker review.
AMarkets Background & Safety
In October 2007, AMarkets was launched as a brokerage site with a clear goal of providing high-quality services and excellent support to its clients and partners. AMarkets is a global brand in brokerage service as it caters to traders in different parts of the globe including Latin America, Asia, and the Commonwealth of Independent States.
AMarkets is also in the business of providing a secure trading environment as it safeguards its clients’ funds by segregating it from the company’s operating accounts and diversifying company assets among reliable global banks. More so, AMarkets is a member of The Financial Commission, an institution that settles disputes between financial market participants, and provides protection for each of its clients with the institution’s Compensation Fund, for up to 20, 000 EUR per case.
Another distinct trading hallmark of AMarkets is its affiliation with Verify My Trade (VMT) which confirms the execution quality of the broker. This also signifies AMarkets’ compliance with the highest execution standards.
On a different level, AMarkets is also an award-winning broker. Some of its recognitions include Best Valuable Broker Middle East by Global Forex Awards 2020, Fastest Growing Forex Broker in the Middle East by Egypt Investment Expo 2019, Best Forex Introducing Broker Program Award by JFEX Awards 2019, and Best Affiliate Programs on the financial markets by Race Awards 2016.
AMarkets is registered by the Financial Services Authority of Saint Vincent and the Grenadines.
AMarkets Features & Fees
Financial Instruments
AMarkets has a wide range of tradable assets spanning forex, stocks CFD, metals, cryptocurrencies, bonds, commodities, and indices.
Account Types
As seen in the above reference, AMarkets offer three account types in Fixed, Standard, and ECN. The Fixed and Standard accounts have the same minimum initial deposit at $100 while the ECN account requires $200.
Also, the Standard and Fixed accounts share the same maximum leverage level at 1:1000 while the ECN account has a leverage level of 1:200. All three account types have order volume at 0.01 lot.
The spreads are what set the three account types apart having varying spread types and levels. The Fixed account has fixed spreads starting from 3.0 pips. The Standard account has floating spreads that start from 1.3 pips. The ECN account floating spreads starting from 0 pips.
In terms of commissions, both the Fixed and Standard accounts have zero commission fees while the ECN account $2.5 per 1 lot. The Stop Out level is also the same for the two accounts except for the ECN account which is at 40%.
For the Standard account, currency pairs can be used with Market Execution upon request. The Fixed account can also be used with Market Execution but is limited for MetaTrader 5 only.
Meanwhile, the set maximum total volume of all open positions for crypto trading is $25, 000 while the commission is 0.5% per lot.
Funding Methods
AMarkets parades several payment options including credit/debit cards (VISA, Mastercard), bank wire transfer, and electronic payment systems (FasaPay, Jeton Wallet, Neteller, Perfect Money, TopChange, WebMoney, and Skrill. No deposit fees are charged by the broker for any method of payment. Withdrawal fees apply and different for each method.
Promotions
AMarkets’ promotions benefit both its client traders and business partners. Some of the client promotions include the Loyalty Program, referral bonus, zero deposit commission, and Double Your Deposit bonus.
AMarkets Trading Platforms & Tools
AMarkets sports the widely used trading MetaTrader platforms in MT4 and MT5 in several versions.
The broker’s MT4 offering is equipped with 30 indicator tools, 9 timeframes, a single-thread strategy tester, and locking option functionality. MT4 versions include WebTrader, Windows, macOS, iPhone/iPad, and Android.
AMarkets also features an MT4 MultiTerminal for users with multiple accounts and investment managers who manage multiple investment accounts.
The advanced version of MT4, MT5 presented by AMarkets is armed with 38 indicator tools, 21 timeframes, a built-in economic calendar, updated strategy tester, embedded MQL5 community chat, 6 pending order types, market depth, and hedging options. The same versions are available for downloads of AMarket’s MT5.
Other valuable trading tools and features of AMarkets’ site include trading robots, VPS servers, Autochartist, economic calendar, trader’s calculator, and multi-lingual support.
Bottom Line
AMarkets is a promising broker providing a wide range of financial instruments and standard trading platforms. It also has competitive pricing, attractive promotions, and low-entry trading accounts.