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AMarkets Review
Updated August 04, 2022
Risk Disclosure: Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. There is a possibility that you may sustain a loss of some or all of your investment. Before deciding to trade you should carefully consider your investment objectives, level of experience and risk appetite. Please note that AMarkets does not provide services to citizens and residents in the following countries. AMarkets Ltd and its affiliate do not target EU/EEA/UK clients.
KEY TAKEAWAYS
- Excellent Copy Trading for the MT4 platform
- Regular bonus offers and promotions
- Below-average trading commissions of $5 per lot
- Instant and commission-free deposits
2.0
| Entity Name | Licence & Regulation | Client Money Protection | Deposit Compensation Scheme | Negative Balance Protection |
|---|---|---|---|---|
| AMarkets Ltd | St. Vincent & the Grenadines FSA Licence | ✔️ | ❌ | ✔️ |
Entity/Regulation
It's possible to open any type of trading account with the AMarkets Ltd entity, except for traders in geographic regions not covered by the broker, such as the UK, the US and EEA. Saint Vincent & the Grenadines entity serves the international clientele, and also the traders looking for higher leverage ratios – up to 1000:1. Let’s check out the AMarkets Ltd entity in more detail.
- International regulation: AMarkets, with a registered address at Suite 305, Griffith Corporate Centre, Kingstown, Saint Vincent and the Grenadines is the counterparty for international customers. This entity is registered in Saint Vincent & the Grenadines as an International Business Company and regulated by the nation island Financial Services Authority (FSA) under licence number 22567IBC2015.
Client Money Protection
AMarkets complies with the highest safety standards for clients' funds. AMarkets also complies with client money handling regulations and employs strict policies and procedures regarding the maintenance and operation of these accounts.
For these reasons, AMarkets clients' funds are kept in top-tier international banks, fully segregated from the company’s funds, and AMarkets does not use these funds for any company operational expenses or purposes.
For these reasons, AMarkets clients' funds are kept in top-tier international banks, fully segregated from the company’s funds, and AMarkets does not use these funds for any company operational expenses or purposes.
Deposit Compensation Scheme
AMarkets Ltd does not offer deposit insurance, as the company is not a member of a regulatory Investor Compensation Fund. The deposit compensation is not a requirement by the jurisdiction where AMarkets Ltd is based. In the unlikely event that AMarkets Ltd becomes insolvent, or is unable to pay claims against it if the firm has stopped trading, clients might not be entitled to any compensation.
Negative Balance Protection
For accounts opened with AMarkets Ltd, there is a default Negative Balance Protection mechanism in place. With the NBP mechanism, customers of AMarkets Ltd are protected from any losses bigger than their original investments, in cases of extreme market volatility.
Financial Commission Membership
AMarkets is also a member of the Financial Commission, an internationally recognized independent mediator in the financial services industry. The FC ensures the transparency and integrity of a broker and provides a compensation fund of up to €20 000 per claim. Rulings of the Financial Commission regarding its members are binding. Should a member refuse to respect an FC's final judgment and/or provide compensation to a client, it will have its membership revoked from the Financial Commission and compensation to the client will be paid from the Financial Commission’s compensation fund.
Accounts, Instruments and Platforms
| Accounts | Instruments | Platforms | Social trading | Maximum Leverage |
|---|---|---|---|---|
| ✔️Fixed ✔️Standard ✔️ECN ✔️Swap Free ✔️Copy trading ✔️Islamic Accounts |
✔️Forex ✔️Indices ✔️Stocks ❌Futures ❌ETFs ✔️Bonds ✔️Commodities ✔️Cryptos |
✔️MT 4 ✔️MT 5 ❌cTrader |
✔️Copy Trading | 1000:1 Globally |
Account types and currencies
- Trading accounts: AMarkets offers 3 account types; Fixed, Standard and ECN. AMarkets also offers swap-free accounts for traders of Islamic belief.
- Social trading: AMarkets offers social trading, and copy trading, through its Copy trading accounts for investors and strategy providers.
- PAMM: AMarkets also offers PAMM accounts alternatives for money managers.
- Leverage: AMarkets maximum leverage is 1000:1 for the Standard and Fixed accounts and 200:1 for the ECN account, globally.
- Account currencies: Currently, AMarkets trading accounts are only available in EUR and USD.
Financial instruments
Trading with AMarkets can be done via the MT4 and MT5 platforms, available for Windows desktops (32b and 64b), for Mac OS, as a Web Trader version compatible with Chrome, Firefox, Safari and Opera and complemented with the mobile apps for Android and iOS.
AMarkets offers a hand-picked selection of more than 400 financial instruments to trade (with the MT5 and MT4 platforms) from 6 different asset classes, including CFDs in forex, indices, stocks, commodities and cryptocurrencies.
AMarkets offers a hand-picked selection of more than 400 financial instruments to trade (with the MT5 and MT4 platforms) from 6 different asset classes, including CFDs in forex, indices, stocks, commodities and cryptocurrencies.
- FX market - 42 currency pairs (including Minor and Exotic crosses).
- Indices - 16 world indices CFDs, including the AUS200, CAC40, US100, UK100 and GER40.
- Stocks - 334 stocks CFDs of leading US companies and banks, such as eBay, Google, Intel, Netflix and Tesla.
- Commodities - 18 commodities CFDs available for trading with 7 metals (including Gold, Silver, Aluminium), 4 energies (including the UK Oil, US Oil and Nat Gas) and 7 softs (including Coffee, Soybean, Cotton, Corn).
- Bonds - 2 Bonds CFDs based on highly rated government-issued debt securities from the governments of the United States (10Yr notes) and Europe (German bonds).
- Cryptocurrencies - 14 cryptocurrencies CFDs crosses for trading versus the USD, including ADA, BTC, EOS, ETH, LTC, XLM and XRP.
Pricing
5.0
| Pricing/ Account |
Fixed | Standard | ECN |
|---|---|---|---|
| Spread EUR/USD | fixed from 3.0 pip | from 1.3 pip | from 0.0 pip |
| Commissions EUR/USD (1 lot) | ❌ | ❌ | from $5 |
| Minimum Deposit | from 100 USD | from 100 USD | from 200 USD |
Spreads
AMarkets offers investors industry-leading pricing, and competitive trading spreads across several asset classes, with a highlight on forex instruments. For the most traded pair, the EUR/USD, the Standard account spread with AMarkets is 1.3 pip (average 1.4 pip), commission-free. Things improve much more with the ECN account. Again, for the EUR/USD, the starting spread is 0.1 pip, with an average of 0.4 pip, and an unbeatably low trading commission of just $5.00 per traded lot ($2.5 per side).
For the EUR/USD, with a 0.4 pip average spread and a trading commission of just 5 USD (the equivalent to 0.5 pip, totalling 0.9 pip trading cost), we can compare how AMarkets priced its ECN account to beat the competition. The broker positions its pricing (a well-deserved 5 stars), to be a serious contender with other top brokers offering ECN trading models, that normally charge 7 USD commissions per traded lot (plus spread, of course).
But AMarkets isn't just offering competitive spreads on FX trading! Investors can also trade Gold/USD with an average spread of 0.26, Sugar CFDs with an average spread of 0.03, Brent and WTI also with an average spread of 0.03 and Apple with an average spread of 0.04.
For the EUR/USD, with a 0.4 pip average spread and a trading commission of just 5 USD (the equivalent to 0.5 pip, totalling 0.9 pip trading cost), we can compare how AMarkets priced its ECN account to beat the competition. The broker positions its pricing (a well-deserved 5 stars), to be a serious contender with other top brokers offering ECN trading models, that normally charge 7 USD commissions per traded lot (plus spread, of course).
But AMarkets isn't just offering competitive spreads on FX trading! Investors can also trade Gold/USD with an average spread of 0.26, Sugar CFDs with an average spread of 0.03, Brent and WTI also with an average spread of 0.03 and Apple with an average spread of 0.04.
Rollover Rates
AMarkets swap rates, as of 10-12-2021, for 1 lot EUR/USD (100,000 units) stands at an average rate of -8.40105 pips for holding overnight a long 1 lot contract and at +0.11745 pips for holding overnight a short 1 lot contract. We consider AMarkets swap rates to be average when compared with the rollover rates offered by other top Forex brokers.
Deposits/Withdrawals and Other Fees
- Deposit fees - Trading accounts can be opened in 3 different currencies and maintained via 7 different funding methods. AMarkets accepts deposits via bank wires, debit and credit cards, and deposits with the most popular e-wallets, including Neteller, Perfectmoney, Skrill and ADVcash. AMarkets does not charge any fees for deposits (please note that banks or/and e-wallet providers may charge a transfer fee).
- Withdrawals fees - AMarkets's standard processing time for withdrawal requests is the same business day. AMarkets does charge additional fees for withdrawals, variable and depending on the chosen withdrawal method, for example, card withdrawals are subject to a 2.5% fee. For more information, please visit the AMarkets deposit and withdrawals dedicated page.
- Inactivity fee - Currently, AMarkets does not charge any inactivity fees or account maintenance fees.
Popularity
3.5
| Forex Education | Deposit Options | Deposit/Withdrawals Fees | Non-expiring demo account | Customer Support |
|---|---|---|---|---|
| Trading ideas Technical analysis Blog Market news Calendar Calculators |
Cards Bank Wire E-wallets |
❌/✔️ | ✔️ | Multi-language 24/5 Support Live Chat Local phone number |
With more than 14 years of experience, the AMarkets brand is one of the most popular brokers in the Southeast Asia region. The company has a global presence and provides competitive trading to more than 500,000 traders, globally. AMarkets strives to provide the best possible trading experience (and competitive prices) to clients, and the group's core values are tightly aligned with that vision.
AMarkets is nonetheless a popular CFDs broker amongst traders for the variety of instruments available for trading, its excellent pricing and trading costs, merged with super-fast execution speeds (0.03 seconds on average) in a reliable ECN trading environment.
The ECN account (MT5) is the popular choice of traders looking to save on trading costs, with a lower spread and below-average trading commissions. Extra popularity points also for the accepted funding methods and AMarkets's policy of no fees on deposits.
AMarkets also earns some extra popularity points for their great range of forex, and trading, education materials, available through the "Analytics" and "Trading Tools" tabs. AMarkets clients can access market analysis and forecasts, with daily blog articles and expert market analysts' comments. Also available for traders, the AMarkets Trading Ideas Telegram channel where investors can learn and get some inspirational trading ideas for the day on several currency pairs.
| Funding Methods | Bank Wire, Debit & Credit Cards, ADVcash, Neteller, Skrill, WebMoney, PerfectMoney, FasaPay, TopChange |
|---|---|
| Support Languages | English, Indonesian, Russin, Turkish, Ukrainian, Farsi, Vietnamese |
- Minimum deposit - Opening a trading account with AMarkets couldn't be easier and it can all be done online, via the website, taking around 1 minute to complete. The minimum deposit requirement with AMarkets is 100 currency units (for the Fixed and Standard accounts) and 200 currency units for the ECN account.
- Customer support - AMarkets's multi-language customer support service is available 24 hours, 5 days a week, in 7 languages. AMarkets's support is available via UK phone number, email, through the live chat widget directly on the broker's website, WhatsApp and Telegram.
Broker Profile
AMarkets is a CFDs broker providing online trading services mainly in the Latin America, Asia and the Commonwealth of Independent States regions. The broker focuses on offering high-quality services and comprehensive support both to its clients and partners. Its professional team is committed to finding innovative solutions and introducing new technologies so that AMarkets clients from all over the world could get the best trading conditions. AMarkets team of experts take an active part in various industry conferences and events, where they discuss trends and prospects of financial markets.
AMarkets strives to offer the best possible trading experience by constantly improving its range of financial instruments and trading platforms, following the latest trends and solutions. The broker offers a high leverage limit (up to 1000:1 for the Fixed and Standard accounts) and one of the lowest trading commissions for forex trading ($5.00 per 100,000 currency units traded, or 1 round lot). With automated account verification in 1 minute, secure and fast funding in just 10 seconds (depending on the selected funding method), fast withdrawals in 8 minutes (also subject to selected withdrawal method), the broker's ambition is to provide a reliable and fast alternative for traders worldwide without complications and delays.
In just over 10 years of activity in the financial markets, AMarkets has earned the trust of several thousand customers around the world (500,000 according to its website) because it is a real alternative to other top brokers, not only for its competitive trading costs but also for the excellent ECN trading environment and reliable execution model.
Overall, on our AMarkets review, the broker scores 3.4 out of 5.0 as it is a great choice for traders looking to diversify their financial portfolio with a great range of hand-picked instruments, but, mainly, because of the broker's competitive pricing and fast execution speeds. Slightly affecting AMarkets overall score is its choice of the financial regulator, the SVG FSA, which might scare off some traders, as the nation-island is still to implement stronger regulations regarding retail traders protection. Still, despite these less positive factors, AMarkets seems to be a very popular CFDs broker with traders in the Southeast Asian region, and for its attractive trading bonuses and promotions.
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AMarkets strives to offer the best possible trading experience by constantly improving its range of financial instruments and trading platforms, following the latest trends and solutions. The broker offers a high leverage limit (up to 1000:1 for the Fixed and Standard accounts) and one of the lowest trading commissions for forex trading ($5.00 per 100,000 currency units traded, or 1 round lot). With automated account verification in 1 minute, secure and fast funding in just 10 seconds (depending on the selected funding method), fast withdrawals in 8 minutes (also subject to selected withdrawal method), the broker's ambition is to provide a reliable and fast alternative for traders worldwide without complications and delays.
In just over 10 years of activity in the financial markets, AMarkets has earned the trust of several thousand customers around the world (500,000 according to its website) because it is a real alternative to other top brokers, not only for its competitive trading costs but also for the excellent ECN trading environment and reliable execution model.
Overall, on our AMarkets review, the broker scores 3.4 out of 5.0 as it is a great choice for traders looking to diversify their financial portfolio with a great range of hand-picked instruments, but, mainly, because of the broker's competitive pricing and fast execution speeds. Slightly affecting AMarkets overall score is its choice of the financial regulator, the SVG FSA, which might scare off some traders, as the nation-island is still to implement stronger regulations regarding retail traders protection. Still, despite these less positive factors, AMarkets seems to be a very popular CFDs broker with traders in the Southeast Asian region, and for its attractive trading bonuses and promotions.
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AMarkets User reviews
AMarkets Account types user rating
(0)Fixed
(0)Standard
(0)ECN