AMarkets

AMarkets Review: Is AMarkets Broker Good?

Broker overview and general information

AMarkets provides brokerage services in Latin America, Asia and the CIS, focusing on providing high-quality services and comprehensive support to clients and partners, and is committed to finding innovative ways and introducing new technologies to provide clients from all over the world with the best trading conditions. The broker's specialists take part in industry conferences and events, where they discuss trends and prospects of the financial markets.

Broker Licensing and Regulation

If you ask whether AMarkets is good or not, you have to start by considering the license factor first, which has the following licenses:

• Financial Services Authority (FSA) License No. 22567 BC 2015 under AMARKETS LTD.

Broker Products and Services

Trading products

The broker offers over 300 tradable instruments, including forex currency pairs, commodities, indices, stocks, bonds, ETFs and cryptocurrencies.

Forex (Foreign Exchange):

Access a wide range of major, minor and exotic currency pairs. Traders can trade popular pairs such as EUR/USD, USD/JPY and GBP/USD, or explore less common pairs.

metal:

Brokers offer CFDs on precious metals such as gold and silver, which are often used to hedge against inflation. Traders can trade on the price movements of these metals without having to physically own them.

Cryptocurrency:

Trade CFDs on a selection of popular cryptocurrencies including Bitcoin, Ethereum and more, giving you access to the volatile cryptocurrency market without having to own the coins directly.

bond:

Bonds are debt instruments issued by governments that may be less volatile than stocks but pay a fixed interest rate.

Commodities:

CFDs on a variety of commodities, including energy products such as oil and natural gas, as well as agricultural products such as grains and coffee.

index:

CFD service for leading stock market indices from around the world, for example S&P 500 (US stocks), DAX (German stocks) and Nikkei 225 (Japanese stocks). Trading CFDs on indices allows speculating on the overall performance of a specific market sector.

share:

Limited CFDs on individual stocks from leading companies

Trading Platform

The broker offers the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, as well as mobile trading apps and web platforms.

• MetaTrader 4 (MT4): MT4 is a widely recognized and user-friendly trading platform known for its ease of use, automated trading, technical analysis tools, and more.

• MetaTrader 5 (MT5): Has similar functionality to MT4, but has some more analytical tools. However, it is more complex to use.

• AMarkets App (iOS and Android): The broker offers its own mobile trading app for iOS and Android devices.

AMarkets Review : Account Types 

Crypto Account

• Minimum deposit: MBT 10

• Leverage: Up to 1:500

• Spread: Floating from 1.3 pips

• Commission: $0

Fixed Account

• Minimum deposit: $100

• Leverage: Up to 1:3000

• Spread: Floating from 3 pips

• Commission: $0

Standard Account

• Minimum deposit: $200

• Leverage: Up to 1:3000

• Spread: Floating from 0 pips

• Commission: $2.5 / lot / side

ECN Account

• Minimum deposit: $100

• Leverage: Up to 1:3000

• Spread: Floating from 1.3 pips

• Commission: $0

Deposit and Withdrawal

Deposit

Withdrawal

AMarkets Customer Service

• Support is available 24/7 via live chat.

• Email:support@amarkets.com

• And phone number: +443307772222

• In multiple languages including English, Chinese, Arabic, Russian and many more.

Pros and cons of AMarkets

strength:

• There are a variety of products available for trading.

• There are many types of accounts.

weakness:

• Regulated by the FSA's looser oversight

• Withdrawals take longer than stated on the website.

• High minimum deposit to open an account

• Deposits and withdrawals via Visa/Mastercard are not supported.

• Unable to withdraw money via TrueMoney E-wallet

Broker Overview Summary

AMarkets broker offers a fairly extensive offer with popular trading platforms, a wide range of products across multiple asset classes, and a wide range of account options to suit different levels and needs of traders.

However, St. Vincent’s FSA regulation lacks the strictness of larger jurisdictions, and there are additional considerations to consider, such as a relatively high minimum deposit or user reviews reporting issues with withdrawals taking longer than the broker claims.

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AMarkets Review Compare spreads, fees, trading platforms, deposit and withdrawal conditions and more with real user reviews to help you decide on the broker that suits your needs.