AMarkets

AMarkets Information

AMarkets is an online brokerage firm. It offers spreads as low as 0 pips (the industry average is 0.31 pips), instant deposit and withdrawal of funds with 0% deposit commission, an order execution time of only 30 milliseconds (the industry average is 500 milliseconds), a leverage ratio of up to 1:3000, and more than 500 trading instruments, covering various categories such as currency pairs and stocks. It supports USD accounts, provides a 15% first deposit bonus, uses the innovative MetaTrader 5 (MT5) trading platform, and also has a cashback program.

Pros and Cons

Is AMarkets Legit?

It has not been found that AMarkets is regulated. Although AMarkets LTD claims to be registered on Mwali Island (Comoros) and has obtained a license as an international brokerage and clearing company with the license number T2023284, and is regulated by the Mwali International Services Authority (MISA). It operates under the supervision of the Financial Supervision Commission (FSC) in other regions. In addition, clients' funds are protected, and the compensation fund of the Financial Commission provides insurance coverage of up to 20,000 euros for each client's claim.

What Can I Trade on AMarkets?

AMarkets has more than 500 trading instruments, covering various categories such as currency pairs, shares, metals, indices, bonds, and so on.

Account Type

AMarkets offers accounts in USD. This is beneficial as it allows traders to top up their accounts and save on conversion fees when trading in various markets denominated in dollars.

AMarkets Fees

The spread can be as low as 0 pips, while the industry average spread is 0.31 pips, which reduces the trading cost.

Leverage

AMarkets provides leverage of up to 1:3000. Higher leverage also magnifies potential losses, so it should be used with caution.

Trading Platform

The platform of choice at AMarkets is the innovative MT5 (MetaTrader 5). It is available on multiple operating systems, including iOS, Android, macOS, and Windows. MT5 offers advanced charting tools, automated trading capabilities through Expert Advisors, and a wide range of technical indicators, making it suitable for both novice and experienced traders.

Deposit and Withdrawal

The deposit handling fee is 0%. The broker will even refund the deposit amount to the trading account to compensate for the deposit fees. Withdrawals are processed instantly, and it takes a maximum of 24 hours for the funds to be received. AMarkets provides the service of instant deposit and withdrawal. It offers more than 20 deposit and withdrawal methods, including popular options such as VISA, Mastercard, Neteller, WebMoney and SWIFT.

Bonus

AMarkets offers a 15% first deposit bonus, which can be used for trading and to cover losses, providing additional support for traders' initial capital.