Advertising DisclosureWe're committed to the highest standards of editorial integrity. Still, it's crucial to recognize that some products we mention come from our partners.

Here's an insight into how we make money. While we strive to be comprehensive, the compensation we receive can influence the products, companies, or services we showcase and review. Not all available options may be featured on this page.
AMarkets logo

AMarkets Review 2024

By:
Dan Blystone
Updated: Dec 24, 2023
Overall Rating
4
  • Trust
    2.6
  • Fees
    3.3
  • Platforms and Tools
    4.4
  • Tradable Instruments
    4.6
  • Customer Support
    5
  • Research
    5
  • Deposit and Withdrawal
    3.9
  • Account Types and Terms
    4.9
  • Education
    3.1
  • How Did We Test and Rate This Broker?
    When trading forex and CFDs, understanding a broker's strengths and weaknesses is essential. We developed a proprietary rating system, which is the result of extensive research and hands-on evaluation by our expert reviewers. With a rigorous approach, our reviewers manually assess each broker, investing more than 50 hours per review, checking and testing the broker while analyzing over 250 variables to simplify the broker selection process for you. The categories we evaluate include trustworthiness, trading platforms, customer support, regulatory oversight, spreads, fees, the variety of instruments offered, education, and research tools. This unique rating system is specifically developed to ensure that the assessment is based on firsthand knowledge and experience. By dedicating a significant amount of time to each review, our team of experts can provide in-depth insights and help you make well-informed decisions when choosing the broker that best suits your trading goals.
    Chart

    We performed tests with a Standard account using the MetaTrader 5 desktop/web platforms and MetaTrader 5 mobile app. We opened accounts with the AMarkets LTD entity of AMarkets, supervised by the Mwali International Services Authority (MlSA). Some features and services may vary depending on where you reside.

    The Big Picture

    Founded in 2007, AMarkets is a veteran of the forex and CFD industry. Registered and licensed offshore on the island of Mwali (Comoros), it provides access to trading in CFDs on currency pairs, commodities, indices, shares, ETFs, bonds, futures, and cryptocurrencies.

    AMarkets is a global broker providing services in Latin America, Asia, and the Commonwealth of Independent States (CIS). Traders can choose from various account types, including an ECN account with floating spreads starting from 0 pips.

    Three robust platforms are available: the sophisticated MetaTrader 4, MetaTrader 5, and an intuitive web-based platform. AMarkets offers its own copy trading platform and third-party tools such as AutoChartist. Read on to learn if this innovative broker is a good fit for you.

    AMarkets Key Takeaways in 2023

    • Live tests across different instruments revealed that spreads in the Standard account range from relatively high (for example, in forex) to competitive (in the case of cryptocurrencies).
    • More competitive trading costs are available via the ECN account type.
    • Clients have a wealth of instruments to choose from. AMarkets does better than the average broker by offering CFDs on futures, ETFs, bonds, and soft commodities.
    • Customer service proved reliable after I conducted dozens of tests via phone, live chat, and email.
    • Research materials are a strong point. In addition to insightful analysis, a range of tools, such as a sentiment indicator and trade ideas from AutoChartist, are provided.
    • I found room for improvement in our Trust category, as all entities of AMarkets are offshore. However, as the broker is a member of The Financial Commission, a compensation fund is available to clients.

    What Sets AMarkets Apart from Other Brokers?

    AMarkets has focused on delivering fast order execution, with trades executed in as little as 0.03 seconds. Such rapid execution speeds are made possible thanks to No Dealing Desk technology, trading servers in one data center with liquidity providers, and advanced order routing technologies.

    AMarkets is a crypto-friendly broker. Traders can access a wide range of crypto pairs, and deposits and withdrawals are available in cryptocurrencies. In addition, I recorded competitive Bitcoin spreads in my tests.

    What types of traders will AMarkets fit the best?

    AMarkets can cater to both beginners and advanced traders. Beginners can benefit from reliable 24/7 customer service, demo accounts, micro-lot trading, and a robust range of research materials.

    Experienced and professional traders can use the advanced features within MetaTrader, VPS hosting, a trade analyzer, and the opportunity to earn additional income as a strategy provider via the copy trading platform. Competitive trading conditions are available via the ECN account type, allowing active traders to keep costs to a minimum.

    AMarkets Pros and Cons

    Pros Cons
    • Robust platforms
    • Wide variety of instruments
    • Diverse account types
    • Insightful research materials
    • Copy trading
    • Innovative trading tools
    • AutoChartist
    • 24/7 customer service
    • VPS hosting 
    • Limited regulatory oversight
    • Withdrawal fees 
    • Wide spreads in some instruments 

     

    AMarkets Main Features

    ☑️ RegulationsMISA (Comoros), FSC CA (Cook Islands), SVG FSA (Saint Vincent and the Grenadines)
    🗺 Supported Languages
    Turkish, English, Russian, Indonesian, Malaysian
    💰 ProductsCurrencies, Stocks, Crypto, Bonds, Indices, Commodities
    💵 Min Deposit$10
    💹 Max Leverage1:1000 (MISA), 1:3000 (FSC CA), 1:3000 (SVG FSA)
    🖥 Trading Desk TypeSTP, ECN
    📊 Trading PlatformsMT5, MT4
    💳 Deposit OptionsCryptocurrencies, Credit Card, PerfectMoney, Visa, Mastercard
    💳 Withdrawal OptionsCryptocurrencies, Credit Card, PerfectMoney, Mastercard
    🤴 Demo AccountYes
    🗓 Foundation Year2007
    🌎 Headquarters CountryComoros
    Risk DisclosureCFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

    AMarkets Full Review

    Trust

    2.6
    How Did We Test the Broker's Trustworthiness?
    Assessing a broker's trustworthiness with your funds is vital. To help you make the right decision, we carefully checked each broker's regulatory license and examined how well they protect traders. Moreover, we looked at the broker's stability by studying their business history, corporate structure, and industry experience. Finally, we thoroughly reviewed all of the broker's legal documentation, including terms, conditions, and fees, and evaluated their transparency based on our analysis. Our hands-on approach ensures that even novice traders have the knowledge they need to make smart decisions.
    trust chart

    AMarkets has a lengthy operating history of over 16 years. In terms of regulatory oversight, there is little to none, as all three entities of this broker are based offshore. Client funds are held separately from the company’s operating accounts.

    Mwali International Services Authority (MlSA)

    In our trust category, we place the most importance on how a broker is regulated. This section will cover how the different entities of AMarkets are regulated and how this impacts you as a trader. We rate regulators on a scale of 1 to 3, with 1 reflecting the highest level of trust.

    • AMarkets LTD is registered and licensed as an international brokerage and clearing company in the Island of Mwali (Comoros) with license number T2023284 and supervised by the Mwali International Services Authority (MlSA). We rate MISA as a Tier-3 regulator.
    • AMarkets LLC is registered in the Cook Islands with registration number LLC14486/2023 and a relevant registry operated by the Financial Supervisory Commission (FSC). We rate FSC as a Tier-3 regulator.
    • AMarkets LTD is registered in Saint Vincent and the Grenadines with registration number 22567BC2015 and the relevant registry is operated by the Financial Services Authority (FSA). We rate brokers registered in Saint Vincent and the Grenadines as unregulated.

    Why is it important to know where your broker subsidiary (entity) is regulated?

    Different regulators provide different levels of protection. The table below lists the protections and benefits by entity, regulator, and region.

    Entity AMarkets LTD AMarkets LLC AMarkets LTD
    Country/Region Island of Mwali (Comoros)/Global Cook Islands/Global Saint Vincent and the Grenadines
    Regulator Mwali International Services Authority (MlSA) Cook Islands Financial Supervisory Commission (FSC) Saint Vincent and the Grenadines Financial Services Authority (FSA)
    Segregated Funds Yes Yes Yes
    Negative Balance Protection Yes Yes Yes
    Compensation Scheme Yes Yes Yes
    Maximum Leverage 1:3000 1:3000 1:3000

    *We gathered the data listed above in July 2023. Regulatory requirements are subject to change.

    AMarkets is a certified member of The Financial Commission, an independent mediator in the financial services industry that ensures the transparency and integrity of a broker and provides a Compensation Fund for up to €20,000 per client.

    Stability and Transparency

    In our tests for the Trust category, we also evaluate factors relating to stability and transparency. Here, we focus on the broker’s longevity in business, company size, and the level of transparency they provide with readily available information.

    AMarkets has a long operating history of 16 years, placing it among the older forex and CFD brokers that give a positive signal. The three entities of AMarkets are listed in the website’s footer, with details such as registration and license numbers.

    Spreads and swap fees are clearly detailed in the Trading Instruments section of the website. Prospective clients can review the Customer Agreement on the Documents page. The About page covers the company history, mission statement, how client funds are protected, and awards.

    Overall, I judged that there is room for improvement in transparency. The AMarkets LinkedIn page could be improved by properly listing the company name. Although we can see where the offshore entities are registered and licensed, it is not clear where the company is headquartered.

    Fees

    3.3
    How Did We Test the Broker's Fees and Commissions?
    Broker commissions and fees can be challenging to understand. To simplify this for you, we carefully examined all the broker's fee-related documentation and presented it in a clear, easy-to-understand format. Furthermore, we conducted hands-on tests on spreads and commissions for the most common instruments during both London and New York trading sessions. We then compared these real-time test results to the market benchmark we've established through our extensive experience evaluating the industry.
    fees chart

    AMarkets Standard Account spreads ranged from relatively wide to competitive in some cases. More competitive pricing is available via the ECN account type. AMarkets beats the industry average by not charging any inactivity fees.

    Trading Fees

    I tested the spreads at AMarkets across different asset classes using the MetaTrader 5 platform at 8:00 a.m. GMT and 4:00 p.m. GMT on 27 July 2023. I measured the spreads at two different times of day to allow for a greater perspective. 8:00 a.m. GMT is the London open when there is high liquidity in the forex market and tighter spreads in currency pairs. 4:00 p.m. GMT is during the New York trading session.

    Instrument Spread AM Spread PM
    EUR/USD 1.6 Pips 1.6 Pips
    GBP/JPY 4.2 Pips 4.3 Pips
    Gold  26 Pips 31 Pips
    WTI Crude Oil  6 Pips 6 Pips
    Apple n/a 18 Cents
    Tesla n/a 86 Cents
    Dow 30 9 Pips 8 Pips
    Dax 30 4.2 Pips 4.2 Pips
    Bitcoin $12 $12

    Swap Fees

    Swap fees (the cost of holding a position overnight) were average at AMarkets.

    In the table below, you can see the Swap Long (the cost/credit of holding a buy position overnight) and the Swap Short (the cost/credit of maintaining a sell position overnight) for one full-sized contract. A full-sized contract is 100,000 units of the base currency (the first currency quoted in the pair). I recorded the data on 27 July 2023.

    Instrument Swap Long Swap Short
    EUR/USD Charge of $8.90 Credit of $3.90
    GBP/JPY Credit of $9.70 Charge of $25.40

    Non-Trading Fees

    AMarkets does not charge any account maintenance fees or inactivity fees.

    Are Fees at AMarkets Competitive?

    Via the Standard Account, the spreads at AMarkets could be more competitive. However, I also tested the ECN Account and recorded spreads of 0.4 pips in EUR/USD and 3.4 pips in spot gold. A commission of $2.5 per lot per side is added for all instruments. These trading costs are much more competitive.

    Platforms and Tools

    4.4
    How Did We Test the Broker's Trading Platforms?
    We understand that platforms play a crucial role in your trading experience. That's why we spent many hours testing the broker's web, desktop, and mobile trading platforms to gain a real understanding of their usability, functionality, and overall performance. From experimenting with different order types to testing execution speeds, charting, and other features, we thoroughly examined every aspect of these platforms based on our trading expertise, helping you make an informed choice.
    platforms chart

    AMarkets offers the popular MetaTrader 4 and MetaTrader 5 platforms and an intuitive web-based platform. MetaTrader provides robust charting, and a wide range of order types, and can cater to algorithmic traders. The AMarkets lineup of platforms can cater to both beginners and advanced traders.

    MetaTrader 5 Desktop

    MetaTrader 4 Desktop Platform

    AMarkets offers MetaTrader 5 (MT5) for desktops, which includes advanced functions such as copy trading and automated trading. In the hands-on testing process, I used the MT5 platform.

    MetaTrader 5 is available in 52 languages, from Arabic to Vietnamese. The platform provides popular features such as:

    • Alerts. This feature updates traders when an instrument reaches a specific price level.
    • Watchlists. Traders can create a list of their favorite instruments and follow live quotes in a market watch panel.
    • One-Click Trading. This feature allows traders to execute orders with a single click and no secondary confirmation. This feature enables traders to operate faster and is especially useful for short-term traders.
    • Trading from the Chart. MT5 also allows users the convenience of trading directly from the chart.
    Order Entry on the MetaTrader 5 Platform

    MetaTrader also delivers when it comes to the range of available order types. The platform offers the following order types:

    • Market Order. Traders use market orders to buy or sell an instrument at the best current price.
    • Limit Order. Traders use limit orders to buy or sell an instrument at a specified price or better.
    • Stop Loss Order. Traders use stop-loss orders to buy or sell an instrument when its price reaches a specified level.
    • Stop Limit Order. Traders can manage risk more precisely with stop limit orders, which combine the features of a stop-loss with those of a limit order.
    • Trailing Stop Order. Traders use trailing stop-loss orders as a stop-loss order at a defined percentage or dollar amount away from an instrument’s current market price. This order type allows traders to secure profits when they are in a winning trade while not having to exit the position.
    Charting on the MetaTrader 5 Platform

    Charting features are robust. MetaTrader 5 offers:

    • 38 Technical Indicators. These include classic trend indicators, volume indicators, and oscillators.
    • 44 Analytical Objects. These include lines, channels, Gann, and Fibonacci tools.
    • 21 Time Frames. Traders can choose from nine time frames, from one minute to one month.
    • 3 Chart Types. Traders can use Bar Charts, Japanese Candlestick Charts, and Line Charts.

    MetaTrader is also popular due to its copy trading and automated trading features.

    • Trading Signals. Signals in MetaTrader 5 allow users to copy other traders’ activity in real time.
    • Automated Trading. MetaTrader 5 allows users to develop, test, and apply Expert Advisors (EAs). EAs are programs that monitor and trade markets using algorithms.

    The MetaTrader 5 desktop platform is one of the most feature-rich and popular trading platforms. However, it may present a steep learning curve for beginners.

    MetaTrader 5 Mobile App

    MetaTrader 5 Mobile App

    AMarkets offers the MetaTrader 5 mobile app for mobile trading, which is available for Android and iOS. The app offers popular features such as alerts, 1-click trading, and trading from the chart.

    The MetaTrader 5 mobile app also provides many order types, including pending and stop orders. However, trailing stop-loss orders are only available from the desktop. To change the language of the MT5 app, you must change the language for your entire phone. As with the desktop and web platforms, the interface is not highly intuitive, but the MT5 app offers an above-average range of features.

    Web Platform

    AMarkets Web Platform

    The AMarkets web platform includes popular features like one-click trading, trading from the chart, and watchlists. In my experience, placing trades and managing open positions and pending orders from this platform is smooth and easy.

    AMarkets Web Platform Order Entry

    All standard order types are available, including market, limit, and stop-loss orders. Traders also have the option to apply time-in-force conditions such as Good-Til-Canceled (GTC).

    AMarkets Web Platform Charts

    The web platform uses market-leading TradingView charts featuring 11 time frames, 11 chart types, and over 100 technical indicators. Various drawing tools, from trend lines to Fibonacci retracements, are also available.

    Copy Trading

    AMarkets Copy Trading Platform

    The Copy Trading service at AMarkets allows clients to select strategies based on parameters such as profitability, number of investors, and age. Traders can set a loss limit to limit their risk. There is no need to download or install any software as trades are copied automatically in the web-based platform. Traders pay a set percentage of profits for the right to copy a strategy.

    Tradable Instruments

    4.6
    How Did We Test the Broker's Tradable Instruments?
    For this section, we examined the broker's market offering, assessing the variety and depth of instruments and asset classes available for trading. Through our proprietary database, we then compared the results with other brokers. This comprehensive analysis allows you to determine if the broker offers the specific instruments and trading options you're looking for.
    tradable_instruments chart

    AMarkets shines in its breadth of available CFD instruments. As well as offering a robust number of assets within forex, metals, energies, indices, shares, and cryptocurrencies, the broker provides less commonly found CFDs, including bonds, ETFs, futures, and soft commodities like cotton.

    CFDs (Contracts for Differences) are financial derivative products that allow traders to speculate in various markets without owning the underlying assets. I found the range of tradable instruments at AMarkets to be better than average. Here are the major categories of tradable assets available:

    • 48 Currency Pairs. A currency pair combines two different currencies, with the value of one currency quoted against the other. For example, EUR/USD, which reflects the value of the euro measured in dollars.
    • 18 Commodities. Commodities are raw products, such as gold and oil.
    • 460 Global Stock CFDs. AMarkets offers trading in stock CFDs from US, UK, French, German and Italian exchanges. A stock is a security that represents partial ownership of a corporation.
    • 2 Bond CFDs. CFDs on fixed income assets include the US Ten-Year Note and the German Bund.
    • 16 Indices. Available instruments range from Japanese to UK stock indices. An index is a basket of trading instruments that are used to gauge a market sector, stocks within an exchange, or the economy of a country.
    • 29 Cryptocurrency CFDs. Cryptocurrencies, such as Bitcoin, are digital currencies that are secured by cryptography.
    Forex Major Forex Minor
    USD/CHF | EUR/USD | USD/JPY  EUR/GBP | AUD/CAD | GBP/JPY
    Forex Exotic Indices
    USD/CNH | USD/RUB | USD/PLN DAX 30 | ASX 200 | Nikkei 225
    Metals Energies
    Silver | Gold | Platinum WTI Crude Oil | Brent Crude Oil | Natural Gas
    Soft Commodities US Stocks
    Wheat | Cotton | Corn Citigroup | Ford | Netflix
    European Stocks ETFs
    Adidas | Rolls-Royce | BNP Paribas iShares MSCI Japan | Schwab US Dividend Equity | Financial Select Sector SPDR
    Bonds Crypto
    Euro-Bund Futures | 10-Year T-Note Futures Ripple | Solana | Dashcoin

    Customer Support

    5
    How Did We Test the Broker's Customer Support?
    Traders often underestimate the importance of customer support, yet it proves to be a critical aspect during times of crisis. We put the broker's customer support to the test ourselves using all possible channels, such as chat, phone, and others. Our evaluation focused on the accessibility of live agents, as well as the helpfulness and professionalism of their responses. This way, we provide you with comprehensive insights into whether a broker can deliver full support when you need it most.
    customer_support chart

    I experienced a strong level of customer support at AMarkets. My email inquiries were answered almost immediately, and the live chat support was reliable. I was also able to reach an operator by phone quickly. The agents I worked with were helpful and well-informed.


    Whether you are a new trader looking for basic guidance, or an experienced trader who needs to reach support fast in the event of technical failure, reliable customer support is one of the most essential qualities to look for in a broker.

    AMarkets provides support 24/7 via email, live chat, and phone. While writing my review, I made dozens of inquiries covering fees, regulatory status, platforms, and account types. Responses were fast: same day for email and almost instantly via live chat. A phone operator answered within a couple of rings. Across all channels, I received thorough and satisfactory responses.

    Overall, my experience with customer support at AMarkets was positive and better than average for the industry. Help is available in multiple languages to assist clients across various global regions.

    Customer Support Languages
    English | Malay | Indonesian | Russian | Uzbek | Turkish

    Deposits & Withdrawals

    3.9
    How Did We Test the Broker's Deposit and Withdrawal Process?
    The deposit or withdrawal process can be tricky since you may encounter hidden fees or longer than expected processing time. To assess the broker's offerings, we examined their deposit and withdrawal options and conditions. Using our proprietary database, we then compared these results with those of other brokers.
    deposit chart

    With 11 funding and withdrawal methods, including credit cards, digital wallets, and cryptocurrencies, AMarkets makes transferring money in and out of your account easy. Withdrawal requests are processed internally within 24 hours, which is relatively fast. Deposits are free, but AMarkets charges fees for withdrawals.

    AMarkets supports many payment providers, making depositing and withdrawing from your brokerage account a snap. While there are no deposit fees, withdrawals come with a charge and are the most costly via credit card. Deposits and withdrawals via bank wire are not available.

    In the tables below I break down the fees and processing times for each deposit and withdrawal method.

    Deposits

    Deposit Method Fees Processing Time
    Visa 0% 5-10 minutes
    Mastercard 0% 5-10 minutes
    USDT 0% 1 hour
    USD Coin 0% 1 hour
    Binance Coin 0% 1 hour
    Bitcoin 0% 1 hour
    Litecoin 0% 1 hour
    Ethereum 0% 1 hour
    ADVcash 0% Instant
    Perfect Money 0% Instant
    TopChange 0% Instant

    Withdrawals

    Withdrawal Method Fees Processing Time
    Visa 1.8% Up to 24 hours
    Mastercard 1.8% Up to 24 hours
    USDT 0% – 1% Up to 24 hours
    USD Coin $1 Up to 24 hours
    Binance Coin $0.50 Up to 24 hours
    Bitcoin 0.5% – 1% Up to 24 hours
    Litecoin 0.5% – 1% Up to 24 hours
    Ethereum 0.5% – 1% Up to 24 hours
    ADVcash 0.5% Up to 24 hours
    Perfect Money 0.5% Up to 24 hours
    TopChange 0% Up to 24 hours

    Note: When you are making a withdrawal from AMarkets, it must be sent to the same payment method used for the deposit.

    Account Types and Terms

    4.9
    How Did We Test the Broker's Account Types and Terms?
    When it comes to achieving your trading goals, choosing the proper account is essential. We initiated our evaluation by personally opening an account with the broker, which allowed us to gain firsthand experience of the process and accurately asses, how fast and easy it is. In addition, we carried out an in-depth analysis of the account types and features offered by the broker, including spreads, maximum leverage, minimum deposits, and more. For a comprehensive comparison, we turned to our proprietary database and examined how this broker's account offerings and processes stacked up against other brokers.
    account chart

    Opening an account at AMarkets is smooth and straightforward. The process is fully digital, and I completed the application via the broker’s website within a couple of minutes. AMarkets offers four main trading account types: Crypto, Fixed, Standard, and ECN. Each account type has unique features suitable for different trader profiles.

    Account Application

    AMarkets Account Application

    To open an individual account at the AMarkets LTD entity of AMarkets:

    • Provide your personal information (name, email, phone number)
    • Choose the platform (MT4 or MT5)
    • Choose account base currency (USD, EUR or BTC)

    Account Types

    The table below breaks down the main features of each account type.

    Feature Crypto  Fixed Standard  ECN 
    Execution Market Instant / Market Instant / Market  Market
    Initial deposit MBT 10 $100 / €100 $100 / €100 $200 / €200
    Leverage 1:500 Up to 1:3000 Up to 1:3000 Up to 1:3000
    Order volume From 0.01  From 0.01  From 0.01  From 0.01 
    Spread Floating from 1.3 pips Fixed from 3 pips Floating from 1.3 pips Floating from 0 pips
    Commission $0 $0 $0 $2.5 / €2.5 per 1 lot per side
    Stop Out level 20% 20% 20% 40%
    Account Currency MBT USD, EUR USD, EUR USD, EUR

    Demo Accounts

    AMarkets offers demo accounts for MetaTrader 4 and MetaTrader 5. Demo accounts are especially important for beginners as they allow them to practice their strategies and get comfortable with the trading platform without risking real money. A demo account features live quotes and simulates live market conditions in assets such as forex and CFDs on commodities, indices, and stocks. Once users are up to speed on a demo account, they can easily switch to a live version.

    Islamic Accounts

    AMarkets offers a swap-free Islamic account that adheres to the principles of Sharia law.

    Leverage

    One of the reasons that traders are attracted to the forex and CFD markets is the high degree of available leverage. Leverage is the use of borrowed funds to increase the size of your trading positions beyond what would be possible using only the cash in your account.

    The maximum leverage at AMarkets is 1:3000. This means that with an account of $1,000, you can control up to $3,000,000 worth of positions in the market. Leverage is often described as a ‘double-edged sword’ as it can hurt you as much as it helps you. Traders must remember that it can amplify both their profits and their losses.

    Order Execution

    AMarkets utilizes a hybrid model for order execution which involves two main components: Straight Through Processing (STP) and Market Maker (Dealing Desk) Execution.

    Supported Countries

    AMarkets takes clients from many countries globally. However, it does not provide services to citizens in the countries:

    Angola, Armenia, Afghanistan, Benin, Botswana, Burundi, Cape Verde, Cambodia, Chad, Comoros, Ethiopia, Gabon, Gambia, Grenada, Guinea, Guinea-Bissau, Guyana, Haiti, Honduras, Jamaica, Japan, Kiribati, Kosovo, Laos, Lesotho, Liberia, Madagascar, Malawi, Maldives, Mauritania, Mongolia, Montenegro, Mozambique, Namibia, Nauru, Nepal, New Zealand, Nicaragua, Niger, North Korea, Palestine, Paraguay, Republic of the Congo, Senegal, Sierra Leone, Somalia, South Sudan, Sudan, Suriname, The United Kingdom, The United States of America, Zambia and Zimbabwe.

    Services are also not available to the following EU/EEA/EFTA countries: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Lithuania, Liechtenstein, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Switzerland.

    Research

    5
    How Did We Test the Broker's Research Tools?
    Research options offered by brokers may not be seen as the most important feature for some traders, but they can provide a competitive advantage. To assess the broker's research offerings, we personally explored and tested both proprietary and third-party tools and content, such as Fundamental and Technical Analysis, Market News, educational videos, and webinars. After evaluating the availability and quality of the overall research offering, we compared the results with our benchmark to provide a comprehensive analysis of the broker's research capabilities.
    research chart

    AMarkets earned the highest score in the research category with a blend of actionable in-house analysis, innovative tools, and trade ideas from Autochartist. Materials are accessible to both beginners and advanced traders. I rate the research offering at AMarkets as above average for the industry.

    News feed from FXStreet

    AMarkets provides a steady flow of market-moving stories via the FXStreet Newswire published on the website. Reports are focused mainly on major economic releases but also include data on key price levels from respected sources such as SocGen.

    More in-depth analysis is available in the Main Trade Ideas section of the website. Here, in-house analysts cover major markets from a mostly fundamental perspective. The content provides trade ideas with a long or short bias, along with suggested take profit and stop loss levels.

    AMarkets Video-Based Analysis on YouTube

    AMarkets has an active YouTube channel, providing video analysis to complement its written market commentary. The Analytics in 3 Minutes series focuses on the US dollar and covers major market themes such as central bank policy. Head of Analytics Tim Deev does a good job of explaining key economic data and major support and resistance levels.

    Research from AutoChartist

    AMarkets provides free trading signals from third-party Autochartist. Autochartist automatically identifies chart patterns and key price levels, using this information to predict the most likely direction of the trend.

    The sentiment indicator uses data from the AMarkets client base to show the buyer-seller ratio for each trading instrument. A reading of less than 30 indicates that it is oversold, and one of over 70 suggests that it is overbought. Between 30-70, the instrument is in the neutral zone.

    Education

    3.1
    How Did We Test the Broker's Education Offering?
    Gaining knowledge about trading in the financial markets can make the difference between success and failure. To assess the broker's educational offerings, we personally tested and evaluated the quality of the content provided, considering its relevance for both novice and experienced traders. We explored the range of materials available, such as articles, videos, webinars, and courses. After evaluating the content's volume, update frequency, and overall quality, we compared the results with our benchmark to provide a well-rounded analysis of the broker's education offerings.
    education chart

    AMarkets offers a selection of insightful and practical educational materials. These include articles in the blog section and a comprehensive knowledge base. The educational offering could be improved by adding courses and live webinars.

    Educational Materials

    There is some great educational content on the AMarkets blog, covering practical topics like how to set up your MT4 platform professionally and what the MACD indicator is. I assess the articles as concise, insightful, and providing traders with concepts that can be quickly applied in the market.

    AMarkets Knowledge Base

    The FAQ, which forms part of the Knowledge Base, is in-depth and covers questions relating to complex topics like copy trading and expert advisors. Questions beginners may have relating to the CFD market, MetaTrader basics, and trading, in general, are also addressed.

    The Bottom Line

    Generally, I found that AMarkets is a broker with a client-centric approach. It has many positive qualities: above-average customer service, extensive research materials, access to a wide range of markets, and flexible account types. Copy trading, fast order execution, and innovative tools such as the sentiment indicator go beyond what the average CFD broker offers.

    Based offshore, AMarkets offers the advantages of high leverage, a wide range of deposit and withdrawal methods, and an easy sign-up process. However, this comes with the risks of a lightly regulated broker. AMarkets could improve by offering private account insurance from Lloyds of London and cutting their withdrawal fees.

    FAQ

    AMarkets LTD is registered and licensed as an international brokerage and clearing company on the Island of Mwali (Comoros).
    As an offshore broker, there is very little regulatory oversight of AMarkets. However, AMarkets is a certified member of The Financial Commission, an independent mediator that provides a Compensation Fund for up to €20,000 per client.
    AMarkets makes money from spreads, commissions, swaps, and miscellaneous account-related fees.
    Traders can deposit funds using various methods, including credit cards, digital wallets, and cryptocurrencies.
    The minimum deposit is 100 USD.
    Clients can withdraw funds via credit cards, digital wallets, and cryptocurrencies.
    Withdrawals are processed within 24 hours.
    The maximum leverage is 1:3000.
    You can open an account within minutes by clicking the ‘Open Account’ button on the broker’s website.
    AMarkets offers MetaTrader 4 and MetaTrader 5.
    The withdrawal fees at AMarkets range from 1.8% via credit card to 0% via TopChange.
    With reliable customer service and a robust range of platforms, tools, and research materials, I rate AMarkets as suitable for beginners.
    Yes, AMarkets offers a demo account via MetaTrader 4 and MetaTrader 5.
    With tight spreads via the ECN account and fast order execution, I rate AMarkets as suitable for scalpers.
    Yes. AMarkets offers MetaTrader, one of the best platforms for automated trading. They also provide VPS hosting and fast order execution, which are especially important for algorithmic traders.
    Yes. AMarkets has a wide range of tradable instruments that can be used for hedging purposes.
    No, AMarkets does not offer spread betting.
    Yes, VPS hosting is available, enabling traders to run automated trading strategies 24/7.
    Trading hours vary by instrument. Currency pairs can be traded from Sunday 21:00 GMT to Friday 20:00 GMT. In the case of cryptocurrencies, trading is open 24/7.
    AMarkets utilizes a hybrid model for order execution with two main components: Straight Through Processing (STP) and Market Maker (Dealing Desk) Execution.
    No, AMarkets is purely a broker and does not operate a bank.

    See AMarkets Full Information

    Headquarters CountryComoros
    Foundation Year2007
    RegulationsMISA (Comoros), FSC CA (Cook Islands), SVG FSA (Saint Vincent and the Grenadines)
    Publicly TradedNo
    Trading Desk TypeSTP, ECN
    Trading PlatformsMT5, MT4
    Restricted Countries
    Honduras, Algeria, Armenia, Austria, Benin, Bulgaria, Burundi, Cape Verde, Chad, Croatia, Cyprus, Czech Republic, Estonia, Finland, France, Gabon, Germany, Italy, Jamaica, North Korea, Nauru, Laos, Latvia, Lesotho, Guinea-Bissau, Guyana, Montenegro, Liberia, Liechtenstein, Lithuania, Namibia, Luxembourg, Malawi, Maldives, Mauritania, Nepal, New Zealand, Nicaragua, Niger, Hungary, Norway, Iceland, Poland, Romania, Greece, Grenada, Iraq, Democratic Republic of the Congo, Afghanistan, Suriname, Senegal, United States, Zambia, Angola, Slovakia, Paraguay, United Kingdom, Kosovo, Somalia, Sweden, Mongolia, Slovenia, Belgium, Switzerland, Botswana, Sierra Leone, Cambodia, Comoros, Denmark, Madagascar, Ethiopia, Gambia, Japan, Kiribati, Malta, Mozambique, Myanmar, Netherlands, Portugal, Haiti, Ireland, South Sudan, Spain, Sudan, Zimbabwe
    Supported Languages
    Turkish, English, Russian, Indonesian, Malaysian
    Min Deposit$10
    Max Leverage1:1000 (MISA), 1:3000 (FSC CA), 1:3000 (SVG FSA)
    Deposit OptionsCryptocurrencies, Credit Card, PerfectMoney, Visa, Mastercard
    Withdrawal OptionsCryptocurrencies, Credit Card, PerfectMoney, Mastercard
    Time to Withdrawal1
    Time to Open an Account5
    Crypto
    Ethereum, Bitcoin, Litecoin, Bitcoin Cash, Ripple, Dash, Cardano, Stellar, EOS, Polkadot, Binance Coin, Chainlink, Tezos, Uniswap, Solana, Cosmos
    Products
    Currencies, Stocks, Crypto, Bonds, Indices, Commodities
    Demo AccountYes
    OCO OrdersYes
    Offers HedgingYes
    Automated TradingYes
    API TradingNo
    Guaranteed Stop LossYes
    Guaranteed Limit OrdersYes
    Guaranteed Fills / LiquidityYes
    Economic calendarYes
    Trading From ChartYes
    One-Click TradingYes
    Expert AdvisorYes
    Social TradingYes
    AutochartistYes
    Trading SignalsYes
    Platform Languages
    Arabic, Turkish, English, Russian, Malaysian, Indonesian
    24 Hours SupportYes
    Support During WeekendsYes
    Live ChatYes
    Daily Market CommentaryYes
    News (Top-Tier Sources)Yes
    WebinarsNo
    Deposit FeeNo
    Withdrawal FeeNo
    Inactivity FeeNo

    About the Author

    Dan BlystoneBroker Analyst

    Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange. Later Dan gained insight into the forex industry during his time as a Series 3 licenced futures and forex broker. He also traded at a couple of different prop trading firms in Chicago. Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry.

    Why you can trust FX Empire

    At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions.

    Why you can trust FX Empire

    FXEmpire was founded in 2011, making us one of the first forex broker review sites. You can trust FXEmpire because of our thorough and unbiased review process. With over a decade of experience, we have a team of industry experts who conduct rigorous tests to ensure our reviews are accurate and unbiased. Our reviews are designed to bring clarity and confidence to the process of choosing a broker, and are based on objective criteria and measurable data. Our editorial team is composed of trading industry professionals and seasoned financial journalists, who ensure that our reviews are accurate and unbiased. Additionally, our review system is based on 9 core categories and over 250 distinct variables, which ensures that all aspects of a broker are considered before giving a final rating. So, you can trust FXEmpire to provide you with honest and informative reviews that will help you make an informed decision on which broker will best enable you to reach your financial goals.