AMarkets Broker Review 2024

AMarkets, a trusted financial market broker since 2007 and regulated by the FSA in Saint Vincent and the Grenadines, is a popular choice among more than 2 million clients worldwide.

In this AMarkets review, we delve into the key features of the platform, providing you with a comprehensive understanding of its offerings and helping you determine if it's the right broker for you.

AMarkets - Company Information & Regulation

AMarkets is a forex broker with regulatory licenses from 4 organizations. With a focus on client protection and regulatory compliance, the brokerage has taken measures to ensure its traders' peace of mind. Here's what you need to know about the company's regulatory status:

• Licensed and regulated in multiple jurisdictions, including Island of Mwali (Comoros), Cook Islands, & Saint Vincent and the Grenadines
• Official member of The Financial Commission, an independent financial organization
• Protected by a Compensation Fund of up to €20,000 per trade claim
• Monthly audits by Verify My Trade, an independent third party, to ensure compliance with best execution standards

Specifications Summary Table

At this section, we provide a table of the broker's main specifics and properties:

Account Types

AMarkets understands that one size doesn't fit all when it comes to forex trading. That's why they offer five distinct account types to provide the facilities for different trading needs and preferences:

• Crypto: Account denominated in BTC, balance grows when bitcoin's price increases
• Fixed: a suitable choice for beginners with fixed spread & cashback
• ECN: highest speed in execution & lowest spread in pairs
• Standard: Variable spreads with the cashback program
• Demo: for testing your knowledge and expertise in financial markets

All account types offer features like instant/market execution, Islamic account options, and access to a wide range of trading instruments.

Pros And Cons

Let's take a closer look at the advantages and disadvantages of trading with AMarkets:

Account Registration And Verification Tutorial

Getting started with AMarkets is a breeze. Follow these simple steps to open your trading account:

• Visit the AMarkets website and click on the "Open Account" button;

• Provide your personal information, including name, email, and phone number;
• Choose the trading platform you prefer to use (MetaTrader 4 or MetaTrader 5);
• Complete the registration process to access your Personal account area.

After completing these steps, you can verify your email and phone number, & provide the necessary details and documents to finalize your account verification.

Platforms & Apps

AMarkets broker provides traders with access to industry-leading trading platforms and mobile apps, ensuring a seamless trading experience across devices:

MetaTrader 4 (MT4):

• A very popular forex trading platform
• Advanced charting tools and technical indicators
• Customizable interface and automated trading capabilities
• Available for Windows, Mac, web, and mobile devices

MetaTrader 5 (MT5):

• Newer trading platform with 38 indicators
• 6 types of pending orders for trading
• Economic calendar included
• Available for PC, browser, and mobile

AMarkets Mobile App:

• Trade on-the-go with the official AMarkets mobile app
• Access to real-time quotes and market analysis
• Manage your account and execute trades from your smartphone
• Available for both iOS and Android devices

Commissions And Spreads

AMarkets broker offers competitive pricing structures across its various account types. In the table below, we have prepared a summary of fees and spreads on different accounts:

Regarding deposit and withdrawal commissions, the broker does not charge any fee for deposits, but there is a withdrawal cost, which varies based on the payment method and the transfer.

Typically, it ranges from 0.5% to 1.8%. There are no hidden fees in AMarkets.

Payment Options

AMarkets offers a variety of convenient and secure payment options for its clients. Note that these methods might be different based on your region, or time of reading this article. Deposit and withdrawal methods:

• Bank Cards (Visa, Mastercard): Instant availability
• Cryptocurrencies: USDT, USDC, BNB, BTC, LTC, ETH
• Electronic Payment Systems: Options include Volet and Perfect Money

Copy Trade and Investment Options

For traders looking to benefit from the expertise of others, AMarkets offers a passive copy trading platform with its specific features. It can be useful for both traders and investors. Some key features of the broker's copy trading system:

• Simplicity: Select experienced traders to copy, and the platform automatically replicates their trades in your account.
• Strategy selection: Choose trading strategies based on factors like profitability, number of investors, and strategy age.
• Protective features: protection from unexpected drops to save your funds from excessive losses.
• Fair fees & schemes: Pay only a percentage of the profits earned by the copied trader on transparent fee schemes

Markets & instruments

AMarkets offers a diverse range of markets and instruments to meet the needs of traders with various thoughts and approaches:

• 44 forex currency pairs
• 18 different commodities
• 27 popular cryptocurrencies for trading
• 427 global stocks
• 13 major stock market indices
• 19 exchange-traded funds (ETFs) for diversified investment options

Does AMarkets Offer Any Bonuses Or Promotions?

The broker offers several attractive bonuses and promotions to both new and existing clients:

• Switch your broker bonus: New clients who switch to AMarkets can receive a 20% bonus on their initial deposit, up to a maximum of $5,000/€5,000.
• Cashback program: A portion of the spread is returned to clients based on their trading volume with currency pairs & metals.
• Double your trading deposit: AMarkets will add the amount of any deposit made by a client up to $10,000 per user as a credit to their acocunt, effectively doubling their trading capital.
• Trade Demo, Earn Real cash: Profits made on a demo account can be transferred to a live trading account, allowing risk-free practice with potential real rewards.

AMarkets Customer Support: Opening Hours & Channels

This part of the AMarkets review is specified to the support overview. This broker provides support 24/7 through different channels listed below:

• Email: [support@AMarkets.com]
• Telegram: [@AMarkets_supportbot]
• Phone: +44 330 777 22 22
• Live chat: through the official website

AMarkets also maintains physical offices in various locations worldwide, including the Cook Islands, Panama, Turkey, Ukraine, Russia, Georgia, Nigeria, Kazakhstan, the United Kingdom, Cyprus, South Africa, Thailand, Serbia, Indonesia, Vietnam, India, and Uzbekistan.

Which Country Is Restricted From AMarkets Services?

This brokerage does not provide services to citizens and residents of the United States of America. Additionally, the broker restricts access to its services for residents of numerous other countries, including, but not limited to:

• Armenia
• Afghanistan
• Jamaica
• Japan
• The United Kingdom
• The US Virgin Islands
• Venezuela
• Yemen
• Zambia
• Zimbabwe

Furthermore, AMarkets does not accept clients from EU/EEA/EFTA countries, including but not limited to Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, and Germany.

AMarkets Affiliate Program

The broker offers lucrative partnership opportunities through its affiliate program:

Webmaster (CPA) model:

• Fixed payouts for qualified registrations and funded accounts
• Earn commissions for each new client who opens and funds an account

Agent (Revenue Share) model:

• Stable commissions based on the trading volume of referred clients
• Earn a percentage of trading volume, regardless of trading results

Trust Scores

AMarkets has established a strong reputation in the forex industry, as evidenced by its impressive trust scores and customer feedback:

• Trustpilot Rating: 4.8/5 based on over 1,800 reviews, 100% response rate to negative reviews within the last 12 months
• REVIEWS.io Score: 3.5 out of 5 based on more than 30 ratings

Education Materials

AMarkets provides access to various educational resources on its website and YouTube channel. Here's an overview of the educational resources and materials offered:

• Forex News and Market Analysis: Up-to-date news on the forex market
• FAQ: Answers to common trading questions
• Economic Calendar: User-friendly calendar to track important market events
• Trading Calculator: Automates basic trading parameter calculations
• Video Tutorials: Suitable for visual learners

Conclusion And Final Words

Offering a diverse range of over 500 tradable assets, the potential for up to 1:3000 leverage, and the advantage of low spreads starting from 0 pips, AMarkets is a viable option for those interested in financial trading. However, the minimum deposit of $100 and the lack of licenses from first-tier regulatory bodies, among other cons, may deter some traders.

It's important to remember that your trading decisions should be based on your own research and preferences, empowering you to take charge of your trading journey.