Amarkets Overview
AMarkets is an international company with dozens of offices in Europe and the CIS. It was established in 2007, but its structure has gone through major changes since then. Initially, the company was called AForex. Over time, the brand became a symbol of reliability and European quality service standards. Today, AMarkets is a modern ECN broker, actively developing both “trading for beginners” and professional algorithmic trading.
Regulation and Licensing
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.
AMarkets is a member of the Financial Commission, an independent external dispute resolution organization that ensures that traders and brokers resolve their disputes quickly, efficiently, and unbiasedly. The Financial Commission provides insurance for up to €20,000 per claim from its Compensation Fund. In addition, the quality of order execution at AMarkets is audited and assessed monthly by an independent service, Verify My Trade (VMT).
Apart from being a Hong Kong Financial Commission member, 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.
Trading Platform
MetaTrader 4
The MT4 platform is the forex industry’s top choice for online trading, offering reliability and convenience. The platform is beginner-friendly but boasts powerful and sophisticated price analysis tools for traders of any level.
The platform includes 30 technical indicators, which are supported on 9 different time frames. There’s also a single thread strategy tester, access to global news and the option to use automated strategies with trading robots (Expert Advisors).
MetaTrader 4 can be run directly from an internet browser, or you can download it onto your Windows or MacOS computer.
MetaTrader 5
MT5 is the revised version of MT4, offering superior tools for comprehensive analysis of the markets and access to copy-trading. Traders enjoy 38 pre-loaded indicators supported by 21 time frames, a built-in economic calendar, an updated strategy tester, 6 types of pending orders, an embedded community chat, Depth of Market (DoM) and hedging options.
MT5 is also available as the Web Trader version, or the downloadable terminal for Windows and MacOS users. Both solutions offer the same features and functionality.
AMarkets Account Types
AMarkets offers traders a choice between three main accounts namely a Standard, Fixed, and ECN account. Each of these accounts has its own competitive and dynamic trading conditions following the table:
| Account Type | Feature |
Standard Account |
|
Fixed Account |
|
ECN Account |
|
Fees, Spreads, and Commissions
Making AMarkets review, we made fees, spreads, and commissions clear:
- To be able to fund your trading account, you have to complete the identity verification;
- The minimum initial deposit is $100/€100;
- AMarkets’ withdrawal fees vary on the payment method;
- AMarkets does not charge a fee for inactive accounts;
- AMarkets does not charge deposit fees.
With AMarkets, spreads start from 0.0 pips on EUR/USA. Spread types and commission fee 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 from 1.3 pips on the Standard Account, from 3 pips on the Fixed Account, and 0.0 pips on the ECN Account. On the ECN Account, commissions of $2.5/€2.5 are charged per lot.
Thus, the AMarkets review shows that commission fees can differ depending on the trading type, financial asset type, and your trading account level.
Leverage
Leverage is a facility that enables you to get a much larger exposure to the market you are trading than the amount you deposited to open the trade. It is expressed as a ratio of 50:1, 100:1, or 500:1.
Assuming you have $1,000 in your trading account and you trade ticket sizes of 500,000 USD/JPY, your leverage will equate to 500:1. Margin is the amount of collateral to cover any credit risks that may arise during your trading operations.
It is expressed as the percentage of position size (e.g., 5% or 1%), and you have to have funds in your trading account to ensure sufficient margin. AMarkets provides high leverage of up to 1:1000, while most brokers give maximum leverage between 1:200 and 1:400. Leveraged products, such as forex trading, magnify your potential profit and increase your possible loss.
Payment Methods
Deposits
There are plenty of payment options available, including wire transfer, bank cards and electronic payment systems such as Skrill and FasaPay. AMarkets does not charge for deposits and processing times are instant for all methods, except for bank transfers, which take 3 – 5 business days.
Withdrawals
Withdrawal fees start from 0.5% for Perfect Money and Fasapay. Bank cards are charged from 2.2% and fees for bank transfer will depend on your bank. The minimum withdrawal amount for most methods is 10 USD or EUR. Processing times are generally instant but can be up to a few hours for bank cards and up to 5 days for bank transfer.
Customer Support
As part of our AMarkets review we review customer service options, response times and AMarkets trading platform problem resolution effectiveness. AMarkets support a limited number including .
AMarkets have a D grade support rating because because sometimes the response was slow or our query wasnt answered. Less customer support features compared to other brokers like live chat, phone and email support.
Livechat Support at AMarkets
AMarkets does not offer LiveChat Support.
Email Support at AMarkets
AMarkets does not offer Email Support.
Phone Support at AMarkets
AMarkets does not offer Phone Support.
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.
