AMarkets Review 2019

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AMarketsReview

AMarkets Review

Initially founded in 2007 as Adrenalin Forex, AMarkets is an award-winning global forex and CFDs broker. The platform is managed and owned AMarkets Ltd. AMarkets has branch offices in Almaty, Kazakhstan, Tbilisi, Georgia, Armenia, Yerevan. The broker offers trading services on a wide selection of products such as bonds, currency pairs, commodities, cryptocurrencies, and equities. Using the latest trading technologies, AMarkets today handles up to 10,000 trading transactions a day in a safe and secure environment.

AMarkets Regulations

In terms of regulatory oversight, AMarkets is regulated by the Financial Commission. It is also a member of the Financial Commission, an independent international dispute resolution organization that helps clients of their members to resolve any dispute. The commission has a compensation scheme, which provides compensation up to $20,000 per case.

AMarkets Reliability

As an international broker, AMarkets is well capitalized. Their accounts are audited and verified independently by the leading auditor firm Ernst & Young. The broker also operates according to the industry best practices such as maintaining segregated accounts for their clients’ funds. AMarkets’ bid to continuously improve its product offerings and services has helped it to win numerous awards over the years. Some of the awards won by the broker have included the following:

  • Best affiliate programs on the financial markets RACE Awards 2016
  • Best educational program Show FX 2011
  • Best Execution Speed IAFT Awards 2014
  • Best FOREX broker on the affiliate programs market RACE Awards 2015
  • Dynamic development IAFT Awards 2012
  • Discovery of the Year Newsland 2009
  • Fastest growing STP broker Asia 2013
  • Highest Clients` Success Rate IAFT Awards 2014
  • Dynamic Development IAFT Awards 2017

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AMarkets Trading Platforms

To provide its clients with an efficient and reliable trading platform, AMarkets has chosen to adopt the industry proven MetaTrader 4 platform developed by MetaQuotes Software. At the time of writing, they will shortly also be introducing the next generation MetaTrader platform which is the MT5. Adopted by the majority of the brokers in the online trading, the MetaTrader platforms are also popular among traders due to sophisticated features which are integrated into the trading platforms. For example, the MT4 comes with a complete charting package and a large library of technical indicators. It also has a built-in programming language called the MQL4 which you can use to create custom trading strategies. However, the MT4 is most well known among traders for its ability to support automated trading. Apart from the desktop version of the MT4 platform, AMarkets has also provided its clients with the MT4 WebTrader. With the WebTrader, there is no requirement to download or install any software. The platform can be accessed directly with any web browser.

In addition to the MT4 and MT5 based platform, AMarkets also provide support for copy trading with the provision of the Mirror Trader and Robo X platforms. These platforms allow beginner traders to emulate the trades of more experienced traders hence cutting down the time needed to develop more experiences and trading skills.

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AMarkets Mobile Trading

For traders who are always on the move, they can also keep in touch with the developments in the markets by downloading and installing the Mobile trading app onto the smarthphone. The app is free and can be downloaded from Google PlayStore and Apple App Store. With the app, you can easily manage your account and execute trades while on the move.

AMarkets Trade Types/Instruments

For coverage of the markets, AMarkets offers trading opportunities in forex, precious metals, commodities, stock indices, cryptocurrencies, and stocks. In total, there are 3 bonds, 50 currency pairs, 7 types of metals, 11 types of commodities, 3 types of cryptocurrencies and 147 stocks to trade with. In addition, you also have a choice of 6 different investment portfolios to invest with.

AMarkets Account Types

For trading accounts, there are 5 main types of accounts. They include the following:

  • Bitcoin Account
  • Classic Account
  • Direct Account
  • ECN Account
  • Institutional Account

For the Bitcoin, Classic and Direct accounts, there is no minimum deposit requirement.  To open an ECN account, you need to place a minimum deposit of $1,000. For institutional accounts, a minimum deposit of $100,000 is required.

AMarkets Commissions & Spreads

The spreads at AMarkets are in the form of fixed and floating spreads. Spreads for the Classic account are fixed while Direct and ECN account have floating spreads. Naturally, the most competitive spreads are offered to the ECN account holders. The following table below shows some of the typical spreads enjoyed by ECN account holders on the frequently traded assets.

Instrument Spreads (in pips)
EUR/GBP 0.00003
EUR/JPY 0.003
EUR/USD 0.00002
GBP/JPY 0.012
USD/CHF 0.00008
USD/JPY 0.003
PLATINUM 6
XAG/USD 0.008
XAU/USD 0.13
JPN/225 17

AMarkets Deposits & Withdrawals Options

For deposits and withdrawal at AMarkets, the broker supports Bitcoin deposits, Bank Wire transfer, Credit cards and eWallets. Withdrawals are also imitated through the same methods used for depositing the funds.

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AMarkets Bonus & Promotions

Currently, AMarkets is having a promotion where you will receive a 25% deposit bonus when you change broker to AMarkets. Other current promotions included the lowering of the minimum deposit requirement for ECN account from $5000 to $1000. In addition, all commission charges on deposits are waived and AMarkets will also offer a once a month zero commission withdrawal. Another attractive promotion which AMarkets is offering new traders is the half-price sale on Bitcoin.

AMarkets Customer Support

Customer support at AMarkets is responsive and there are several ways which you can get in touch with the support team such as email, Skype, Live chat, telegram, and telephone.  You also have the benefit of multi-lingual support as the support team is multilingual.

Customer support at Amarkets is responsive and there are several ways which you can get in touch with the support team such as email, Skype, Live chat, telegram, and telephone.  You also have the benefit of multi-lingual support as the support team is multilingual.

Pros

  • Attractive promotional offers
  • Copy Trading Supported
  • Multi-lingual Support
  • Regulated by Financial Commission
  • Reliable Trading Platforms
  • Ultra Tight Spreads

Cons

  • No localized telephone support for Asian traders.

FAQ

  • Is AMarkets regulated?

Yes. AMarkets is regulated by the Financial Commission.

 

  • How does AMarkets make money?

AMarkets makes its money by charging its clients a spread on the trades that they made on the broker’s platform.

  • How do I deposit in AMarkets account?

Deposits at AMarkets can be done through bank wire transfer, credit cards, and eWallets.

  • How do I withdraw money from AMarkets?

Withdrawals can be initiated through credit cards, wire transfer, and electronic payment system.

  • How do I open an account with AMarkets?

To open an account at AMarkets, you need to fill up the registration form on their website. Once completed, submit it with copies of the requested documents required for verification.

  • Is AMarkets reliable?

Yes, AMarkets is a reliable broker. It has won numerous awards over the years as testimonials to its reliability.

  • Does AMarkets use MetaTrader?

Yes. AMarkets uses the MetaTrader 4 trading platform.

  • What is AMarkets leverage?

The maximum leverage ratio offered by AMarkets is 1:500.

  • Is AMarkets a scam?

No. AMarkets is not a scam. It is a regulated broker under the regulatory oversight of the Financial Commission.

  • How safe is AMarkets?

AMarkets is a safe broker as it is regulated as well as conforming to the industry best practices.

Conclusion

Overall, AMarkets seem legitimate and offer a decent range of products and services. This is further demonstrated by the fact that they have won the IAFTA awards for the best broker in 2017. While they are focused mainly on Eastern Europe, the broker des represent an ideal broker especially with all their current promotions thrown in.

AMarketsOverview

Company Information

Broker DetailsInfo
Headquarters CountrySaint Vincent and the Grenadines
Publicly TradedNo

Deposit Options

Bitcoin, Credit Card, FasaPay, PayPal, PerfectMoney, Skrill, Union Pay, Webmoney, Wire Transfer, Yandex.Money

Withdrawal Options

Bitcoin, Credit Card, FasaPay, PerfectMoney, Skrill, Union Pay, Webmoney, Wire Transfer, Yandex.Money

Contact Information

Trading Account Options

Account TypeInfo
Min. Deposit$0
Max. Leverage1:500
Mini AccountNo
Demo AccountYes
Premium AccountYes
Segregated AccountYes
Islamic AccountYes

AMarkets Trading Features

Suitable For

Trader LevelYes/No
BeginnersYes
ProfessionalsYes
Day TradingYes
Weekly TradingYes
Swing TradingYes
Social TradingYes

Customer Service

TimeYes/No
24 Hours SupportYes
Support During WeekendsYes

Customer Support Languages

Arabic, English, Farsi, Russian, Turkish, Ukrainian

Trading Services

ServiceInfo
Supported Trading PlatformsMirror Trader, MT4
Commission On TradesYes
Fixed SpreadsYes
Educational ServiceYes
SignalYes
Email AlertsYes
Guaranteed Stop LossYes
Guaranteed Limit OrdersYes
Guaranteed Fills/LiquidityYes
Trailing SP/TPYes
Automated TradingYes
Has VPS ServicesYes
Cryptocurrency CoinsYes

Supported Instruments

Instrument TypeYes/No
CurrenciesYes
CommoditiesYes
CFDsYes
IndicesYes
ETFsNo
StocksYes
BondsYes
CryptocurrenciesYes

AMarketsUser Reviews

Rate this broker
  • 1.0
    bad broker
    mortaza
  • 5.0
    Keep it up!
    Vlad
  • 4.0
    Nice conditions
    Navs
  • 4.0
    Competitive Spreads
    Lucas
  • 4.0
    Copy Trading available
    Joseph
Read More AMarkets User Reviews

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