AMEGA was titled the Most Innovative Broker in Africa 2024. The broker offers commission-free trading across 6 asset classes, including Forex and Stocks, through MT5 and AMEGA Android app platforms.
AMEGA (Company Introduction and Regulatory Status)
AMEGA Global Ltd is an investment company Founded in 2018 by the CEO Vadim Zhuravlev. The company is licensed and registered in the Republic of Mauritius and has partner companies in the UK and the Republic of Cyprus. Key features of AMEGA:
- Authorized and regulated by the Financial Services Commission (FSC) in Mauritius (License number: GB22200548)
- Low-cost trading with a minimum trade size of only $1
- 0% commission
- Fast execution (10ms)
- Leverage options up to 1:1000
- Unlimited cashback
AMEGA Broker Specifications
To give you a clear picture of what AMEGA offers, here's a table summarizing the companyās key specifications.
Broker | AMEGA |
Account Types | ONE Account |
Regulating Authorities | FSC |
Based Currencies | USD |
Minimum Deposit | $20 |
Deposit Methods | Bank Cards, Wire Transfer, e-Wallets (Perfect Money, Neteller, Skrill), Crypto |
Withdrawal Methods | Bank Cards, Wire Transfer, e-Wallets (Perfect Money, Neteller, Skrill), Crypto |
Minimum Order | 0.01 lots |
Maximum Leverage | 1:1000 |
Investment Options | None |
Trading Platforms & Apps | MT5, Proprietary mobile platform |
Markets | Forex, Stocks, Indices, Energy, Precious metals, Agricultural commodities |
Spread | From 1.0 pip |
Commission | $0 |
Orders Execution | Market |
Margin Call / Stop Out | 50% / 20% |
Trading Features | Trading Signals, Mobile Trading |
Affiliate Program | Yes |
Bonus & Promotions | Referral, Cashback |
Islamic Account | Yes |
PAMM Account | No |
Customer Support Ways | Phone, Email, Ticket |
Customer Support Hours | 24/7 |
AMEGA Trading Account Offerings
The Forex broker keeps things simple by offering a single, universal account type known as the ONE Account. This streamlined approach allows traders to access all available markets and instruments without juggling multiple account types. Key features of the AMEGA ONE Account:
Base Currency | USD |
Instruments | Forex, Stocks, Indices, Energy, Precious metals, Agricultural commodities |
Leverage | Up to 1:1000 |
Swaps | Yes |
Margin Call | 50% |
Stop Out | 20% |
Min Deposit | $20 |
Min Trade Size | $1 |
Commission | None |
Spreads | From 1.0 pip |
AMEGA Broker Pros and Cons
Some benefits of trading with AMEGA include access to a dedicated mobile app, an award-winning platform, and leverage offerings of up to 1:1000.
To help you make an informed decision, let's examine the advantages and disadvantages of trading with AMEGA.
Pros | Cons |
Wide range of trading instruments | Not regulated by tier-1 financial authorities |
High leverage up to 1:1000 | Relatively new broker |
No-commission trading | Limited account types |
Cashback program ($1 per lot) | Relatively high entry barrier ($20) |
AMEGA Registration and KYC Verification
Opening an account with AMEGA is a straightforward process designed to get you trading quickly while ensuring compliance with regulatory requirements. The broker implements a mandatory KYC procedure that gives you access to live accounts.
- Visit the brokerās website at āhttps://www.amega.finance/ā;
- Click "Sign Up";
- Fill out the registration form;
- Verify your email address;
- Complete a questionnaire (10 questions to assess your trading experience);
- Upload proof of identity (Passport or residence permit) and proof of address (bank statement or recent utility bill).
AMEGA Trading Platforms
The trading platform is the next subject that we discuss in this AMEGA review. The broker provides access to the popular MetaTrader 5 (MT5) platform and a proprietary mobile app (only Android) for on-the-go trading.
MetaTrader 5 (MT5) | Amega App |
- | |
Desktop | - |
To access additional tools, you can check the vast source of MT5 indicators that TradingFinder has to offer.
AMEGA Broker Fee Structure
The company boasts Zero-commission trading as one of its best advantages. The fee structure on AMEGA mainly consists of spreads, which are variable based on the asset classes.
Markets | Spreads from |
Indices | 3.0 points |
Forex | 1.0 pip |
Metals | 3.0 pips |
Stocks | 3.0 points |
Commodities | 30.0 points |
Energy | 3.0 points |
The company also charges swap rates for overnight positions and a $5 dormant fee after 180 days of inactivity and every 30 days beyond.
What Payment Methods Are Available on AMEGA?
The company provides 3 main payment options, including Bank Card, e-Wallet, and Crypto, for its global clientele. While the broker charges no fees for deposit/withdrawal, carriers may charge their own rates.
- Bank Cards: Visa and MasterCard
- e-Wallets: Perfect Money, Skrill, Neteller, and SticPay
- Bank Transfers: Wire transfers and local bank transfers (availability may vary by country)
- Cryptocurrencies: Bitcoin, Ethereum, and other major cryptocurrencies (through crypto-to-fiat conversion)
- Mobile Money: Available in Africa
- QR Code Payments: Available in Vietnam and Thailand
Does AMEGA Offer Copy Trading and Investment Plans?
As of the latest information, AMEGA does not offer copy trading services or pre-packaged investment plans. However, they have removed all restrictions regarding trading strategies, including Hedging, Scalping, Copy trading, and EAs.
Bonus Offerings
Promotions are amongst the most attractive topics of the AMEGA review. While the broker doesnāt offer traditional bonuses like deposit and welcome gifts, it has a comprehensive partnership program alongside a rebate plan.
- Cashback: $1 cashback per lot traded with no limitations
- Affiliate: A CPA (up to $600 per active referred client) and RS ($20 per lot) based commission structure for referring new clients
How to Reach AMEGA Customer Support
The company boasts its 24/7 customer support, which is available in over 10 languages. While AMEGA claims that it has live chat support, the option isnāt available on its website.
support@amegafx.com | |
Phone Call | +230 5297 0273 |
Ticket | Accessible on the āContact Usā page |
Red Flag Countries on AMEGA
The company has restrictions on providing services to residents of certain countries due to regulatory requirements or geopolitical considerations. Prohibited countries on AMEGA broker:
- The United States of America
- North Korea
- Iran
- Mauritius
- Russian Federation
AMEGA Trust Scores
User satisfaction is the most important topic in this AMEGA review. Trust scores and user reviews can provide valuable insights into a broker's reputation and performance.
4.1 out of 5.0 based on 160 reviews | |
Forex Peace Army | 2.1 out of 5.0 based on 48 ratings |
Does AMEGA Broker Provide Educational Resources?
The company understands the importance of tradersā education and attempts to empower them by providing educational resources suitable for beginners and professionals through its Knowledge Hub.
- Trading Strategies
- Indicators Tutorials
- Chart Analysis
- Trading Glossary
Conclusion and Final Words
AMEGA allows for Forex trading (and 5 other asset classes) with a minimum trade size of $1. It supports Crypto, PerfectMoney, and Neteller payments. An unlimited rebate program with $1 cashback per traded lot and a great TrustPilot score of 4.1 are the main strengths in this AMEGA review.
