AMarkets Review
AMarkets Review
AMarkets provides a suite of trading services for the best FX and CFD brokers. They offer a high-quality service by providing comprehensive support from start to finish, which includes but is not limited to educational materials, 24/7 phone and chat customer support, and account management features through the AMarkets platform or via personal managers. Let’s have an in-depth analysis and get an honest AMarkets Broker review of its features.
About AMarkets
Registered in
St. Vincent and the Grenadines
Type of License
Offshore License
Is AMarkets safe to trade
No
Recommended Licenses
The FCA and ASIC in the UK and Australia, respectively.
Alternative Broker
FP Markets Australia is licensed by ASIC.
Is AMarkets a scam or a legit broker?
The broker is not safe, as it does not hold a license from any of the worldwide Forex authorities. This company has been suspected to be fraudulent by many people since it was established without authorization and never monitored in regard to security. The latter may mean that nothing can happen when it comes to their business practices—anything goes with them!
Licenses & Regulation
Is AMarkets regulated?
AMarkets is an unregulated broker and may be subject to shady practices. Research on St. Vincent and the Grenadines has shown that this is true.
AMarkets is registered in countries that do not regulate them or provide any protections for traders.
Is AMarkets a scam?
AMarkets Forex is a member of the Financial Commission, which settles disputes between clients and provides protection to each client with their own compensation fund up to 20,000 EUR per case. The company does not have a license from any of the worldwide forex authorities and may be fraudulent. This broker will go under without authorization or being monitored for security reasons, which could mean that if there are any problems with their business practices, anything may happen!
AMarkets in India
Amarkets.com does not mention any compliance with Indian regulators, and it is worth mentioning that trading in various currencies via Forex has been prohibited in India since September 2013 (with the exception of trades on agricultural commodities, which are still allowed), meaning the broker may not be regulated by any regulatory body in India, and this could.
AMarkets in the USA
To start trading, you need to deposit a minimum of $100 or €100. To fund your account, you have to complete identity verification (also read about the Fortrade Minimum Deposit).
AMarkets Forex Broker does not charge any commission when you withdraw money. When you do withdraw money from your account, the withdrawal fees will depend on the system’s payment method.
There is a fee that might be deducted from the transaction, and this depends on which payment systems are in place for that particular broker. The following are AMarkets’ payments: Visa, MasterCard, and bank transfers—each with different rates.
Deposit and Withdrawals
In order to start trading, you need at least $100 or €100 deposited into your account. To fund your account and make a deposit, you will have to complete identity verification first, which also entails reading up on Fortrade’s required minimum deposits.
AMarkets Broker does not charge an additional commission on withdrawals in its favor when withdrawing funds from your account. The only charges that apply are those taken by the payment system, such as transaction fees or fixed bank commissions.
You can make deposits with a variety of methods, including VISA, MasterCard, Bank Transfer, ADVcash, Skrill, WebMoney, and FasaPay.
Apps
AMarkets Broker offers traders the option to use AMarkets MT4 Mobile and MT5 trading for both iOS and Android. With your phone, you can monitor the markets without having to be tied up at your desk all day long—it’s just as easy on a mobile!
The MetaTrader 5 custom trading app condenses the core features of the desktop platform into a simple interface on your phone, with customizable candlestick graphs accessible by simply tapping one finger!
AMarkets Demo Account
They offer a demo account, so you can try the AMarkets platform with virtual trading before investing your hard-earned money. Practice different strategies and become familiar with their site! FBS Broker Review also has a demo account for exploring what is available to you.
Conclusion
Though this trading opportunity may seem attractive, in our opinion, you might find something better among the regulated brokers. But the offshore status of the company does not guarantee that they provide services at the necessary level of client and fund protection.
Choosing a broker carefully is important because you want one who has a good reputation. Relying on firms that are regulated by FCA and FINMA is the best option, as these companies abide by international standards, which will protect clients from any illegitimate broker.
Risk Warning: 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 LLC and its affiliates do not target EU/EEA/UK clients.