All Share (J203) = 89 519
Rand / Dollar = 18.20
Rand / Pound = 23.51
Rand / Euro = 19.79
Gold (usd/oz) = 3 023.65
Platinum (usd/oz) = 976.40
Brent (usd/barrel) = 72.13
Trade +10,000 CFDs with Tight Raw Spreads. – Trade Now!

AMarkets Review

AMarkets Review

 

AMarkets is registered by the Financial Services Authority (FSA) and has a high trust score of 72 out of 100. AMarkets serves more than 350,000 clients worldwide and offers a maximum leverage of 1:3000.

 

AMarkets at a Glance

 

🔎 Broker's NameAMarkets
📍 HeadquarteredSt Vincent, and the Grenadines
📅 Year Founded2007
⚖️ Regulating AuthoritiesMISA, FSA, FSC, The Financial Commission
🌐 Countries not accepted for tradeOver 63 countries not accepted
☪️ Islamic account (swap-free)Yes
👍 Demo AccountYes
📊 Institutional AccountsNo
📊 Managed AccountsNo
📈 Maximum Leverage1: 3000
💰 Minimum Deposit$ 100/R1500
💳 Deposit OptionsCredit/Debit Cards
Bank Wire Transfer
FasaPay
Jeton Wallet
Neteller
💳 Withdrawal OptionsNeteller
Perfect Money
TopChange
WebMoney
Skrill
💻 Platform TypesMetaTrader 4 and MetaTrader 5
📱 OS CompatibilityPC, Mac, web, Android, iOS
📈 Tradable assets offeredForex
Indices
Stocks
Metals
Cryptocurrencies
Bonds
Commodities
👨‍💼 Languages supported on WebsiteGerman, Turkish, French, Russian, Spanish, Indonesian, Italian, Vietnamese, Portuguese, Malaysian, Hindi, Korean, Persian, Thai, Arabic, Ukrainian, Chinese
👥 Customer Support LanguagesMultilingual
📆 Customer Service Hours24/5
👉 Open a account👉 Click Here

 

Min Deposit

USD 100

Regulators

MISA, FSA, FSC, The Financial Commission

Trading Platform

MT4, MT5

Crypto

Yes

Total Pairs

0

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

The AMarkets broker gives traders access to a wide range of markets including forex, metals, Bonds, and indices.

 

AMarkets Review – 17 Key Point Quick Overview

 

  1. AMarkets-Overview
  2. AMarkets Safety and Security 
  3. AMarkets Sign-up Bonus
  4. AMarkets  Minimum Deposit
  5. AMarkets Accounts Types
  6. How to Open an AMarkets  Account – Step-by-Step Guide
  7. AMarkets Trading platforms
  8. AMarkets  Fees, Spreads, and Commissions
  9. AMarkets Deposit and Withdrawal
  10. AMarkets Current Popularity Trend
  11. AMarkets Best Countries by Traders
  12. AMarkets  vs Etoro vs XM – A Comparison
  13. AMarkets Customer Reviews
  14. AMarkets Pros and Cons
  15. Conclusion
  16. Disclaimer
  17. Frequently Asked Questions

 

AMarkets-Overview

 

 

According to research in South AfricaAMarkets is an offshore online broker founded in 2007 in Russia, registered by the Financial Services Authority of Saint Vincent and the Grenadines (SVG). AMarkets offers Forex trading and is known for quality order execution and exemplary service to its traders, although not registered as an International Business Company in Saint Vincent and the Grenadines and not regulated by a globally recognized financial regulator. overall, Amarkets is regulated by MISA, FSA, FSC, The Financial Commission.

 

AMarkets Safety and Security 

 

AMarkets Safety and Security 

 

In the case of AMarkets, it is regulated by the following:

One of the best means of determining the safety of a broker like AMarkets is to establish which regulating authorities are watchdogs over its actions. Although AMarkets is not regulated by financial regulators such as CySEC or the FCA, it is registered by the Financial Services Authority (FSA) of Saint Vincent under number 22567 IBC 2015.

 

The Financial Services Authority of Saint Vincent and the Grenadines requires that all clients’ funds are kept separate from the company’s operating accounts and that a company’s assets are diversified among reliable global banks.AMarkets is a category A member of the International Financial Commission, an independent self-regulatory organization and external dispute resolution body.

 

The Financial Commission protects traders’ interests and provides insurance up to a fixed amount per case. AMarkets execution quality is audited by the independent Verify My Trade monthly to confirm its compliance with best execution standards. To maintain that certification, AMarkets must submit 5000 trades per month for comparative analysis against first-tier liquidity providers.

 

Apart from being a member of the Hong Kong Financial Commission, AMarkets is also a professional member of the Russian Centre for Regulation in OTC Financial Instruments and Technologies (CRFIN). Regulated brokers will not manipulate market prices and withdrawal requests will be honored. If AMarkets violates any regulatory rules their regulated status could be stripped.

 

AMarkets Sign-up Bonus

 

No sign-up bonus, a deposit bonus, or a welcome bonus is offered to traders who register a real account with AMarkets.With these bonus offers brokers attempt to draw new customers to partake in trading activities. The only bonus which is offered in the form of a deposit bonus by AMarkets only applies when traders are switching from one broker to this broker.

 

Traders need to follow the application process and deposit a minimum of $500/R7 460  into their live account to qualify for a 25% deposit bonus.

 

AMarkets  Minimum Deposit

 

AMarkets  Minimum Deposit

 

AMarkets requires a minimum deposit of $100/ to open an account. This minimum deposit amount is equivalent to ZAR 1 490 at the current exchange rate between the US Dollar and the South African Rand at the time of writing.AMarkets is a forex broker regulated and authorized by FSA SVG in St Vincent and the Grenadines. As a regulated broker, one of the requirements is that client funds must be kept in segregated accounts.

 

Min Deposit

USD 100

Regulators

MISA, FSA, FSC, The Financial Commission

Trading Platform

MT4, MT5

Crypto

Yes

Total Pairs

0

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

AMarkets Accounts Types

 

AMarkets Accounts Types

 

A forex account at AMarkets is a trading account that you will hold and that will work similarly to your bank account, but with the difference that it is primarily issued with the purpose of trading on currencies. Forex Islamic accounts are also known as swap-free accounts as they imply no swap or rollover interest on overnight positions, which is against the Islamic faith.

 

Often, the number and type of accounts that a trader can open with a broker differ depending on the country in which it operates and the regulatory authorities under whose jurisdiction it falls. In the case of AMarkets, you have four accounts to choose from, depending on the type of trade you want to execute.

 

🥇 Standard Account🥈 Fixed Account🥇ECN Account
Minimum deposit of $100/R1 490 or currency equivalent in EUR.Minimum deposit of $100/R1 490 or currency equivalent in EUR.Minimum deposit of $200/R2 970 or currency equivalent in EUR.
Spreads from 1.3 pipsFixed spreads from 3 pips.Floating spreads from 0.0 pips.
Leverage of up to 1:3000.Leverage of up to 1:3000.Leverage of up to 1:3000.
A stop-out level of 20%
Stop-out level of 20%Order volume from 0.01 lots with step 0.01.
Order volume which starts from 0.01 lots with step 0.01.Order volume from 0.01 lots with step 0.01.Stop-out level of 40%.
No commission charges.No commission charges.Commissions of $2.5/€2.5 charged per lot.
Market execution on trades.

 

How to Open an AMarkets  Account – Step-by-Step Guide

 

Opening a demo account with AMarkets will consist of the following steps:

 

 

🔴Step 1 – Navigate to the demo account registration portal.

Similar to a bank, if you want to register a forex trading account with AMarkets for the first time, you will be required to go through a basic “know your customer” process.

 

How to Open a AMarkets  Account – Step by Step Guide step 1

 

🔴Step 2 – Provide the required information.

This will allow AMarkets to make sure that your submitted personal details are correct and that the safety of your funds and your account details are ensured.

 

How to Open a AMarkets  Account – Step by Step Guide step 2

 

How to Open a AMarkets  Account – Step by Step Guide step 2

 

🔴Step 3 – You will be directed to your new account.

After the initial registration, you will normally be emailed your login details that will correspond to a login on a trading platform matching your type of account.

 

Similar to a bank, if you want to register a forex trading account with AMarkets for the first time, you will be required to go through a basic “know your customer” process. This will allow AMarkets to make sure that your submitted personal details are correct and that the safety of your funds and your account details are ensured. After the initial registration, you will normally be emailed your login details that will correspond to a login on a trading platform matching your type of account.

 

AMarkets Trading platforms

 

AMarkets Trading platforms

 

The forex trading platform is in essence the software provided by AMarkets to its clients to carry out their trades. A multi-asset trading platform is one that allows clients to trade forex and other asset classes, including CFDs on stocks, stock indices, precious metals, and cryptocurrencies. The decision about which platform to choose will always depend on what a client would like to trade.AMarkets have two types of trading platforms to choose from, MetaTrader4 and xStation. Both platforms are popular and give you a good trading experience.

 

MetaTrader4

This platform is available for mobile, PC, and web and is preferred by the more experienced traders in the market.

 

The AMarkets MetaTrader4 platform offers a variety of features, such as:

➡️ 30 different technical trading indicators

➡️ Nine different viewable timeframes

➡️ One-click trading options

➡️ A wide variety of compatible platforms

 

xStation

This platform can be tailor-made to suit individual needs and is coupled with advanced features that can help a trader to make an analysis of the market and execution with just a click.

 

It can be downloaded for Windows, Android, or iOS devices and can also be directly launched into your browser.

 

AMarkets  Fees, Spreads, and Commissions

 

AMarkets  Fees, Spreads, and Commissions

 

With AMarkets spreads start from 0.0 pips on EUR/USA. Spreads as well as commission charges with AMarkets depend on the type of live account, the financial instrument, and the market conditions. Spreads and commissions that traders can expect from AMarkets are 1.3 pips on the Standard Account, 3 pips on the Fixed Account, and 0.0 pips on the ECN Account. On the ECN Account commissions of $2.5/€2.5 is charged per lot.

 

AMarkets Deposit and Withdrawal

 

AMarkets Deposit and Withdrawal

 

📍 The following payment modes are available to clients of AMarkets:

💳 Credit or debit cards (Visa, MasterCard)

💳 bank wire transfer

💳 Skrill

💳 Neteller

💳 FasaPay

💳 Perfect Money

💳 WebMoney

💳 OKPAY

💳Union Pay

 

Deposits can be funded in USD, EUR, RUB, and crypto currencies. While deposits are free, there are withdrawal fees as well as minimum amounts applicable there are also multiple ways to withdraw funds from AMarkets through bank wire transfer, credit cards, Neteller, WebMoney, and more. Each method has different fees and commissions, minimum amounts, and processing times.

 

AMarkets Current Popularity Trend

 

According to Google Trends, here is an overview of how frequently the search term – “AMarkets” is entered into Google’s search engine over a given period of time.

 

AMarkets Review

 

AMarkets Best Countries by Traders

 

Please take note, the following information is based on AMarkets.

 

🌎 Country of Trade📌 % of Traders
🥇Seychelles19.12%
🥈Iran16.56%
🥉Germany
11.91%
🥇 Netherlands8.27%
🥈United States6.74%

 

AMarkets Best Countries by Traders

 

AMarkets  vs Etoro vs XM – A Comparison

 

🔎 Broker🥇 AMarkets🥈 eToro🥉 XM
💰 Minimum Deposit$100/R1 490$1000 USD$5 USD
📝 Sign-Up Bonus❌ No☑️ Yes☑️ Yes
➖ Min. Spread1.3 pips31
➕ Max. Leverage1: 30001:4001:888
💵 Currency Pairsdifferent suffixes 4757
🚀 Open an Account👉 Click Here👉 Click Here👉 Click Here

 

AMarkets Customer Reviews

 

The broker was quite good

The broker was quite good. Sometimes I would like more interesting bonuses for traders, but in general, I am quite satisfied with the conditions. With the right approach and sufficient training, the result can be quite good.

5 stars

Very content with fast and reliable.

Very content with fast and reliable service!

5 stars

Best support I saw, fast

Best support I have ever seen, fast, helpful, and great service

5 stars

AMarkets Pros and Cons

 

✔️ Pros❌ Cons
1. Established in 20071. Liberal regulation
2. Min. deposit from $12. Not FCA Regulated
3. Bonuses available3. High initial deposit for ECN account
4. Used by over 10,000 traders4. No trading in restricted countries like Great Britain
5. A selection of trading platforms
6. High leverage levels offered

 

Conclusion

AMarkets can be summarily described as a worthwhile company for potential traders and is a reliable award-winning FX broker with many years of experience in the industry, which offers a good variety of trading instruments, platforms, account types, and solutions.AMarkets is a leading online broker that provides direct access to global markets and executes nearly 10,000 trades per day, with comfortable trading conditions that include no commission and tight spreads. Each of AMarkets’ account types comes with unique features and benefits for both beginner and advanced traders and users can trade on globally recognized trading platforms.

 

You might also like: AMarkets Account Types Overview

You might also like: AMarkets Demo Account – Step by Step

You might also like: AMarkets Fees and Spreads

You might also like: AMarkets Islamic Account Overview

You might also like: AMarkets Minimum Deposit

You might also like: AMarkets Sign up Bonus

 

Disclaimer

AMarkets warns all potential customers that Forex and CFDs trading always carries a high level of risk and may not be suitable for all investors.

 

Before deciding to trade the products offered by AMarkets, potential traders are advised to carefully consider their investment objectives, financial situation, needs, and level of experience before investing money they cannot afford to lose.

 

AMarkets warns that margin trading involves the potential for profit as well as the risk of loss and that movements in the price of foreign exchange and commodities are very unpredictable, hence AMarkets cannot guarantee a maximum loss that a trader may suffer,  according to research in South Africa.

 

Frequently Asked Questions

 

What is AMarkets?

AMarkets is a financial services company that provides online trading services for a wide range of financial instruments, including forex, stocks, commodities, and cryptocurrencies.

 

What types of accounts do AMarkets offer?

AMarkets offers several types of trading accounts, including standard and ECN accounts, as well as PAMM and MAM accounts for money managers and professional traders.

 

What platforms do AMarkets support?

AMarkets supports a variety of trading platforms, including the popular MetaTrader 4 and 5, as well as the company’s own proprietary platform, AMarkets Trader.

 

Does AMarkets offer educational resources for traders?

Yes, AMarkets offers a wide range of educational resources, including webinars, video tutorials, and trading guides, to help traders improve their skills and knowledge.

 

Do AMarkets offer bonuses or promotions?

Yes, AMarkets offers a variety of bonuses and promotions for traders, including welcome bonuses

 

There are no reviews yet. Be the first one to write one.


5/5 - (10 votes)

Written by:

Louis Schoeman

Edited by:

Skerdian Meta

Fact checked by:

Arslan Butt

Updated:

January 23, 2023

Written by:

Louis Schoeman

Featured SA Shares Writer and Forex Analyst.

I am an expert in brokerage safety, adept at spotting scam brokers in mere seconds. My guidance, rooted in my firsthand experience with brokers and an in-depth understanding of the regulatory framework, has safeguarded hundreds of users from fraudulent brokerage activities.

Edited by:

Skerdian Meta

Leading Analyst

Skerdian Meta FXL’s Heading Analyst is a professional Forex trader and market analyst and has been actively engaged in market analysis for the past 10 years. Before becoming our leading analyst, Skerdian served as a trader and market analyst at Saxo Bank’s local branch, Aksioner, the forex division and traded small investor’s funds for two years.

Fact checked by:

Arslan Butt

Commodities & Indices Analyst

Arslan Butt, a financial expert with an MBA in Behavioral Finance, leads commodities and indices analysis. His experience as a senior analyst and market knowledge (including day trading) fuel his insightful work on cryptocurrency and forex markets, published in respected outlets like ForexCrunch.

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